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Wales Estate being closed because it will be too expensive to fix- GuySuco’s boss

The Wales sugar estate has been in a sinking economic state, and over the years, finances were shuttled from the estates which were performing to support that West Demerara estate. This was made clear by Chief Executive Officer of the Guyana Sugar Corporation (GuySuCo), Errol Hanoman during a televised interview on the National Communications Network (NCN) Tuesday evening, hours after Opposition ...

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Closure of Wales estate an “assault on PPP strongholds” – Jagdeo

Leader of the Opposition Bharrat Jagdeo says that the move by the APNU+AFC administration to cease all operations at the Wales Sugar Factory and  Estate of the Guyana Sugar Corporation (GuySuCo)  is a direct assault on supporters of the Opposition People’s Progressive Party (PPP) but it will not bode well for the country. Jagdeo, addressing cane-cutters , residents and others at ...

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Eco Atlantic, Tullow to enter Guyana in oil hunt

Reproduced from Offshore Engineer Digital. Eco Atlantic Oil & Gas and Tullow Oil subsidiary companies entered into a 10-year agreement with the government of Guyana to explore the deepwater Orinduik block, offshore Guyana, South America. Subsidiaries Eco Guyana and Tullow Guyana will hold 40% and 60% working interest in the block, respectivley, with Tullow Guyana as operator. Tullow will reimburse ...

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Pest infestation leads to short supply of coconut, plantains

Currently there is a short supply of coconuts and plantains on the local market as a result of an infestation by pests in the local farming communities. Areas that predominantly produce coconuts and plantains such as Pomeroon and the Wakenaam Islands have reported an infestation of West Palm Mite and Black Sigatoka. The Chief Executive Officer (CEO) of the National ...

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Wales Estate to be closed , govt announces

The parlous state of the sugar industry is common knowledge, the government announced through its Information Agency (GINA) Monday afternoon. The new Board of Directors and the Interim Management Committee, appointed in July and June respectively, were charged with, inter alia, bringing a greater level of discipline to bear on the financial operations of the business.  The team confirmed the Government’s ...

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Canada-based Guyanese likely to plug solar power into homeland

A newly-formed Canada-headquartered solar energy company has signed a Letter of Intent with the Guyana government to supply clean electricity, the Chief Executive Officer of Greenheart Tree Energy, Esmonde Klass. “We were given a letter of interest from Minister (of Public Works David) Patterson and now we are waiting for the bidding process,” he told Demerara Waves Online News. Klass ...

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Rice stabilization fund coming

Four months after a pro-government group of rice farmers called for the establishment of a stabilisation fund, President David Granger has announced that his government would be doing so. For years Guyana’s rice sector which is a principal export has been subjected to the volatility of the international market. This has left local farmers crying out and up in arms for government ...

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Republic Bank, Caribbean Airlines involved in Guyana’s jubilee celebration

Republic Bank plans to be “integrally involved” in Guyana’s 50th Independence anniversary celebrations , a top company official announced Friday night. Addressing the 2016 media appreciation cocktail, Managing Director of Republic Bank (Guyana) Limited, Richard Sammy announced that the bank’s involvement would span across the Caribbean. “First and foremost, Republic Bank (Guyana) Limited will be integrally involved in Guyana’s 50th ...

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Mining concessions must be linked to gold declaration- Trotman

Miners would be unable to cash in on concessions for equipment unless they produce above a certain amount of the precious metal and abide by other industry rules including occupational safety and health standards, Minister of Natural Resources Raphael Trotman. “You can’t be declaring 23 ounces of gold and ask for a concession for an excavator knowing that you made over ...

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