Business

Under apparent pressure by hundreds of workers angered at being temporarily laid off and paid half of their salaries, Senior Labour Minister Amna Ally has intervened and withdrawn a letter by her Junior, Keith Scott, that had instructed Troy Resources Limited to cease all operations because of safety concerns uncovered by an inspector at two additional gold mining pits. “I, ...

The Energy Chamber of Trinidad and Tobago (ECTT) on Wednesday sought to dispel concerns that businesses from that twin-island Caribbean Community (CARICOM) member state are coming to Guyana to dominate the oil sector, instead saying that they are grasping business opportunities hinged on 100 years of experience and international safety standards. ECTT Chief Executive Officer, Dr Thackwray Driver rubbished claims ...

Veolia Water Technologies, through its subsidiary VWS Westgarth Ltd, says it has been awarded a multi-million dollar contract by SBM Offshore for the supply of a seawater treatment package for the Liza Unity FPSO, located in the Stabroek block offshore Guyana. The award is for the design and procurement of equipment with construction technical assistance for a seawater treatment plant ...

Two masked knife-wielding men robbed a chicken outlet at Rosignol, West Bank Berbice on Tuesday. News-Talk Radio Guyana 103.1 FM/Demerara Waves Online News was told that 40-year-old Barbara Samuels was robbed of GYD$120,000, and a cellular phone valued more than GYD$30,000. The men invaded the premises shortly before midday when Samuels was inside the chicken outlet cleaning meat. Sources said ...

One of two persons shot on Monday morning at a gold dealership in Newtown, Kitty, Georgetown, has succumbed to his injuries, hospital sources confirmed. Dead is 44-year old Deon Stoll of Barima Avenue, Bel Air Park. Injured is Clayton Powley, 45, of 326 Section ‘C’ Turkeyen, Greater Georgetown. Residents in the area say the incident occurred shortly after 10 am ...

Demerara Distillers Limited (DDL) says it is now using liquefied natural gas (LNG) to power its operations, having commissioned Guyana’s first LNG regasification terminal. The terminal is located at Plantation Diamond, East Bank Demerara. “We are very excited to be the first Guyanese company to use LNG for our power generation needs,” said DDL’s Chief Financial Officer, Vasudeo Singh. “As ...

The African Cultural and Development Association (ACDA) plans to write President David Granger, the opposition and all other political aspirants to lobby them for support to suspend the award of oil concessions until steps are taken to award Guyanese concessions. The call was again made on Saturday at an annual ceremony to commemorate the loss of millions of lives of ...

Finance Minister, Winston Jordan says the governing coalition’s general election campaign will not be pegged on the immediate benefits of oil money next year, but will list a number of tax concessions leading up to 2025 as more oil revenues pour in. He says lower individual, corporate, value-added and other taxes will find their way into the manifesto of the ...

Finance Minister, Winston Jordan has cautioned the National Insurance Scheme (NIS) against investing its funds on the international stock market. His comment came against the background of a suggestion by the Chairman of the NIS Board, John Seeram that the social security agency should invest on foreign stock markets. “We will need to consider purchasing more attractive bonds and shares ...

The Guyana Sugar Corporation (GuySuCo) says it registered a 23 percent shortfall in production up to the date that the crop should have closed, largely due to bad weather and malfunctioning equipment. At the same time, the state-owned corporation rejected claims by the Guyana Agricultural and General Workers’ Union and the National Association of Agricultural, Commercial and Industrial Employees that ...