Business

Opposition Leader, Bharrat Jagdeo on Wednesday said he does not support the Berbice Bridge Company Inc. request for a long-term extension of its concession agreement, but said perhaps two years might be good enough. “I don’t believe nineteen years is even practical. That is doubling the life of the extension. That bridge is supposed to come back to us (government) ...

The Berbice Bridge Company Inc. (BBCI) on Tuesday said it has decided to comply with what it termed an “unlawful” toll order to temporarily take over the maintenance and operations of the bridge. “The BBCI considers that it has no alternative but to comply with the Order issued by the Minister prohibiting the Company from implementing the Toll Order Adjustment ...

Inspection and Enforcement Officers of the Pesticides and Toxic Chemicals Control Board (PTCCB), in collaboration with the Guyana Police Force, on Sunday last thwarted a major smuggling operation and confiscating approximately 300 kilograms of illegal or unregistered pesticides, the Ministry of Agriculture said Monday. The operation which took place at approximately 23:00hrs, saw inspectors of the authority along with officers ...

The Guyana government on Monday temporarily took over maintenance and operations of the Berbice River Bridge, under what it says are provisions of the law governing that thoroughfare and that the tolls would remain the same. “Therefore, in accordance with the powers conferred upon the Minister by Sections 4 (1) and 11 of the Berbice River Bridge Act, in the ...

The Berbice Bridge Company Inc. (BBCI) wants government to extend its concession by another 19 years to avoid a 400 percent increase in tolls from November 12. In a letter dated November 2, 2018 to Minister of Public Infrastructure David Patterson, the Finance Controller/Corporate Secretary of the Berbice Bridge Company  Stephen Rambajan indicated that much would depend on the outcome ...

Guyana’s oil and gas industry is already boosting jobs, standards and investment opportunities ahead of first oil expected in early 2020, and the work-ethic by Guyanese aboard support vessels for ExxonMobil is already coming in for high praise. “We are just extremely pleased with all of the employees we have working with us so far and their attitude and their ...

Demerara Distillers Limited, DDL, on Friday announced that after much deliberation, the company decided not to submit a bid for the Enmore Sugar Estate over its inability to find the right due diligence model. The announcement comes after the Special Purpose Unit (SPU) of the National Industrial & Commercial Investments Limited (NICIL) announced that the tender for the sugar estates, ...

The Special Purpose Unit of the Guyana government’s holding company for government assets on Friday released the names of the five companies that have bid to buy out the four estates of the state-owned Guyana Sugar Corporation (Guysuco), but did not disclose the details of the entities. A senior official of Demerara Distillers Limited (DDL) did not tender for Enmore ...

Town Clerk Royston King was Friday upbraided for merely having verbal agreements with a number of private contracting companies instead of written contracts for multi-million dollar works Among them is a deal with XL Engineering or GYD$150 million on the basis of a verbal agreement, he told the Commission of Inquiry into operations of the Mayor and City Council, among himself, ...

Several companies, including a United States (US) company with Middle Eastern connections, have bid to buy three of the six sugar estates owned by the Guyana government, on condition the buyers would continue to plant sugarcane and guarantee local employment, officials said Thursday. Managing Director (Deals) of PricewaterhouseCoopers Tax and Advisory Services Limited, Wilfred Baghaloo said the prospective investors, before ...