Business

The Guyana government is not anxious to reintroduce a railway system on the coastland, but would likely first have a tramcar service in Georgetown when the country begins generating cheaper electricity, Vice President Bharrat Jagdeo said Wednesday. “Once you have cheap electricity, then you can go with the tram system to move people around. That’s not on the card right ...

July 31, 2024 – Houston, Texas – Fulcrum LNG on Wednesday announced that following the Government of Guyana’s public request for proposals, it has been selected to design, finance, construct, and operate the required gas infrastructure to provide gas monetization solutions and support the acceleration of upstream gas developments in Guyana. This key milestone is part of the Government of ...

Mobile Money Guyana (MMG), a lead in innovative e-commerce solutions, on Tuesday said software developers have been briefed about its new e-commerce Application Programming Interface (API) that would be used to integrate online platforms with the payment system. The company said its cutting-edge API will enhance e-commerce in Guyana by providing shoppers with a convenient way to pay online for ...

The Demerara Harbour Bridge would be completed next year, despite a shift in the original deadline, Public Works Minister Juan Edghill said in contrast to the opposition Alliance For Change’s (AFC’s) claim that the new east-west corridor would not be ready until 2026. Mr Edghill told Demerara Waves Online News that the new US$260 million bridge is expected to be ...

Attorney General Anil Nandlall on Saturday night accused High Court Judge Gino Persaud of displaying poor judgement by attacking him personally with “intemperate sentiments”, and ignored the likelihood of provoking Venezuela over Guyana’s sovereignty by allowing the registration of a foreign Arbitral Award in Guyana. Mr Nandlall said government would appeal the High Court’s decision, and he left open the ...

As a wide-ranging probe by the Guyana Police Force’s Special Organised Crime Unit (SOCU) into alleged financial improprieties widens, investigators within the past week obtained High Court orders to freeze at least two bank accounts for businesses being operated by the wife of a high ranking police officer. “We have frozen the accounts. SOCU has frozen all those accounts; gotten ...

High Court Judge, Gino Persaud has hit out at Attorney General Anil Nandlall for saying that if the court had recognised an arbitral award that monies owed to Venezuela and its state-owned oil company, PDVSA, were to be released to American oil company, ConocoPhillips, whose assets had been nationalised by the Venezuelan government, this would be anti-nationalist tantamount to potential ...

The Private Sector Commission (PSC) on Tuesday said it had no problem with the Guyana Police Force’s (GPF) Special Organised Crime Unit (SOCU) investigating alleged corruption in that law enforcement agency, despite calls in other quarters for an independent probe. “SOCU was designed, in 0ur view, to be that source to do police investigation and other investigation as it was ...

The Georgetown Chamber of Commerce and Industry (GCCI) on Monday registered its concern that the Guyana Police Force (GPF) was investigating alleged corruption in that law enforcement agency, and recommended that other agencies be involved in an independent probe. GCCI President, Kester Hutson told Demerara Waves Online News that in addition to the Police Service Commission, government and civil society ...

A 49-year-old man was early Sunday morning shot dead outside Boat House Bar following an argument with another man inside the entertainment facility at Land of Canaan, East Bank Demerara. The victim has been identified as Sherwin Hamilton, a self-employed man who resided at Sarah Johanna, East Bank Demerara. Investigators were told that at about 3 a.m., the man was ...