Business

The Finance Manager of the state-owned Guyana Oil Company (GuyOil), Uma Daniels has resigned, amid a a GY$48 million wire transfer debacle. The Chairman of GuyOil’s Board, Mark Bender would only confirm that Daniels has resigned. “The Finance Manager of GuyOil has resigned”, he said when asked repeatedly whether she was asked to resign. The company’s Chief Executive Officer, Renata ...

The Caribbean Court of Justice (CCJ) said it Monday issued  settling the matter of Bauxite Company of Guyana Inc.v Haresh Narine Sugrim in a dispute valued at nearly US$1 million dollars. The CCJ heard the case on 19 April 2018 and during the hearing the judges urged the parties, before the close of the proceedings, to make every effort to ...

The Guyana Civil Servants and General Workers Union (GCS&GWU) is seeking international help to ascertain whether a mercury clean-up at the Guyana Geology and Mines Commission (GGMC) building  has been done properly before they move back in. The union says it has asked the Pan American Health Organisation, United States embassy, United Nations Development Programme and the Organisation of American ...

After pitching their ideas in the Jaguar’s Den, 11 young entrepreneurs successfully secured funding to either start or expand their businesses as the Youth Business Summit came to a close. The young businesspersons now have access to funding from GY$500,000 to GY$1 million. (US$1.00 = GY$213.00) Omica DeSouza who travelled from Region One, Port Kaituma to participate in the Youth ...

Guyana wants Suriname to send several Guyanese back home to be questioned by local police about last month’s piracy attack, Minister of Public Security Khemraj Ramjattan said Friday. He said, through Police Commissioner David Ramnarine, a request for mutual  assistance would be dispatched to Suriname “for the witnesses to come over to Guyana and  to be cross-examined by our CID ...

Opposition Leader, Bharrat Jagdeo says he is in favour of decriminalizing the possession of small amounts of cannabis sativa (marijuana/ganja) to allow for non-custodial sentences, such as community service and rehabilitation. He gave the pronouncement during a press engagement held at the Leader of the Opposition’ Office in Church Street, Georgetown on Thursday. The former President was adamant however, he ...

Guyana wants to meet with a number of sister Caribbean Community (Caricom) member states to discuss the impact and response to any oil spill here on those island nations, even as concerns have been raised about the legal liability of wide-scale pollution should such an incident occur, officials said Thursday. Acting Director-General of Guyana’s Civil Defence Commission (CDC), Col. Kester ...

More than GY$400 million are now needed to restore the dilapidated Georgetown City Hall that has been poorly maintained for several years, even as a European Union (EU)-funded restoration plan nears completion, officials said Wednesday. After the opening of a one-day consultation on a ‘Comprehensive Restoration Plan and Sustainable Conservation Management Plan for City Hall,” Town Clerk Royston King told ...

The Guyana Civil Aviation Authority (GCAA) is preparing to assist Cuba with any information about the crashed Boeing 737-200 jet that was banned by Guyanese authorities more than one year ago, officials said. GCAA’s Acting Director General, Saheed Sulaman told Demerara Waves Online News that the regulatory agency was already in contact with the Ministry of Foreign Affairs to facilitate ...

David Granger, Leader of the People’s National Congress Reform (PNCR)- the biggest party in the governing coalition- has raised concerns about sections of the media, triggering a warning of a government crackdown on media that report critically of the now three-year old administration. The Editors-in-Chief of the privately-owned Stabroek News and Kaieteur News newspapers have also expressed some concern about ...