https://i0.wp.com/demerarawaves.com/wp-content/uploads/2024/03/UG-2024-5.png!

Business

Auditor takes control of information from Guyana Public Service Coop Credit Union; ousted committee members booked for Trinidad confab

As a government-appointed interim management committee of the Guyana Public Service Cooperative Credit Union (GPSCCU) seeks to unearth how millions of dollars have been spent, most of the ousted committee members have been booked to travel to Trinidad for a conference. Though airline tickets were purchased for seven of the eight now former committee members before government moved in late ...

Read More »

Oil sector’s local content includes garbage disposal, professional services, Bourda market purchases

Just in case you did not know, local content from the oil and gas sector does not only include big, sophisticated and high-tech goods and services or high-paying jobs. Trinidad and Tobago Geophysicist, Anthony Paul, who has been advising Guyana on developing its Local Content Policy, said as far back as 2011 that local content is “income received by locals, ...

Read More »

Some retrenched fish processors to be employed by other seafood companies

At least 125 of the 300 BEV shrimp processing workers, who will be laid off next month, are likely to be employed by another seafood production company, Head of BEV Processors Inc; Bruce Vieria said Tuesday. He said if Noble House Seafoods purchases  BEV’s plant and acquires trawlers owned by other persons or gets guaranteed shrimp supplies, that company would need ...

Read More »

Barbadian ship to purchase Guyana’s produce

Reproduced from Barbados Nation by Sherrlyn Toppin MY MID-JUNE, the schooner Ruth should be making its maiden voyage to Guyana to purchase the first set of produce and possibly seafood for sale on the local market. For almost a decade, the massive vessel was a landmark behind the old fish market on Bay Street, St Michael. “Ruth is in the ...

Read More »

Hundreds of shrimp processing workers to be laid off

More than 300 workers of the privately-owned BEV Enterprises will be laid off next month, leaving them with few choices to earn a daily living. A number of the workers said their last day of work will be July 15, 2018. At least 17 trawlers owned by individuals and one company are faced with the grim possibility of docking their ...

Read More »

Bandits cart off GY$13 million worth raw gold, shoot security guard at interior mining camp

Armed, masked foreign language-speaking bandits shot and injured a guard before carting off 50 ounces of raw gold worth GY$13 million, two guns and other items from a gold mining camp at Black Water Backdam, Cuyuni River, police sources said. Investigators said when the bandits opened fire, the guard named Stephen Hall, 55 years, of Section B Great Diamond, was ...

Read More »

NICIL launches GY$30 billion fixed rate bond to raise money for ailing GuySuco

The National Industrial and Commercial Investments Limited (NICIL) officially issued a US$ 150 million equivalent bond facility, arranged by Republic Bank Limited exclusively through its Investment Banking Division, the holding company for government’s assets said in a statement. The local law firm London House Chambers, headed by Devindra Kissoon,  acted as Republic Bank’s transaction attorney. The bond will be issued ...

Read More »

Assessment team heads to collapsed South Rupununi bridge; road users to be held “accountable”

The Ministry of Public Infrastructure on Saturday deployed a team to the South Rupununi to assess damage to a key bridge that collapsed under the weight of a flatbed truck that was carrying an excavator. The assessment would focus on the “severity of the damage and cost to rehabilitate the Yamatwao bridge. “The overweight vehicle  overextended the bridge’s capabilities, thereby ...

Read More »

GBTI promotes early saving habits – awards Early Savers

The Guyana Bank for Trade and Industry (GBTI) has said it continues to promote savings especially among youths, and gives an incentive to those already doing so to encourage others to join the bank;s Early Savers Club. “GBTI continues to promote savings. The bank believes that an early start to good saving habits could influence a good lifestyle,” the bank ...

Read More »