Business

Even as government-employed teachers were Monday due to embark on an indefinite strike for increased salaries, Economics Professor Tarron Khemraj believes the 40 percent demand is too exorbitant and the educators should settle for 10 percent pay hike due to the state of the economy. “The salary demands of the teachers’ union are obviously unrealistic at this time, but non-salary ...

Guyana Goldfields is laying off  more than 80 workers at its Aurora Gold Mines operations in western Guyana, after the company decided to focus on existing gold bearing properties instead of searching for new deposits, a senior company official said Sunday. Country Manager for Guyana Goldfields, Violet Smith said those being laid off include all the mainly foreign geologists and ...

Pressure on Friday intensified on the David Granger-led administration to give conditional direct cash transfers of some oil earn revenues to very poor Guyanese, against the background of him already dismissing the idea because there is no evidence. The African Cultural and Development Association (ACDA), widely believed to be somewhat sympathetic to  Granger’s People’s National Congress Reform (PNCR) political party, ...

Legal action is likely to be taken against government for removing the privately-owned Guyana Airways Corporation Inc. (GAC) from the Companies Register two years after the entity was duly registered because the name is identical to two previous companies. “Every entity had an opportunity to object to the name, Guyana Airways Corporation Inc; within that six-month period after we received ...

Guyana will not take over American companies, Minister of Natural Resources Raphael Trotman has told several United States (US) Congressmen who wrapped up a one-day visit here on Thursday. In clear reference to criticisms from some quarters about Guyana’s  granting of a huge offshore concession to ExxonMobil and a Production Sharing Agreement with that American oil giant, Trotman on Wednesday ...

The Guyana Telephone and Telegraph Company (GTT), whose headquarters are located near the old Guyana Gold Board (GGB) location,  says an undisclosed number of its employees have been tested with high levels of mercury,  a problem that the Ministry of Public Health has since been called in to address. In correspondence seen by Demerara Waves Online News, Natural Resources Minister ...

The Guyana Telephone and Telegraph (GT&T) on Tuesday said it was ready to end its contractual monopoly on international voice and data, a move it hoped would end the discriminatory corporate tax law that sees it paying 45 percent and competitors 17.5 percent less. “What liberalisation will do, in my belief, is level the playing field where we all either ...

Minibus fares on all routes are to be increased by GY$20 from September 1, 2018, even as the Ministry of Business and  the United Minibus Union (UMU) agreed to hammer out a code of conduct for operators, government and the union said in a statement. “The two parties urge both operators and consumers to adhere to the new fare structure ...

A motion at the People’s National Congress Reform’s Congress to rename the Cheddi Jagan International Airport to also honour that party’s founder-leader, Forbes Burnham, and Amerindians has been referred to a special committee, party sources said. The party official explained that the decision to dispatch it to party committee was because of the implications and the need to seek technical ...

People’s National Congress Reform (PNCR) delegates at their biennial delegates congress were Saturday expected to consider a motion to ask government to pass a law to manage the public transportation system because of the “high risk” and “discrimination” facing commuters. If approved, the motion will mandate the PNCR to ask the coalition government to pass legislation before year-end and that ...