Business

Rising flood waters in Lethem have forced the evacuation of 25 persons and the closure of several schools, a number of which were being used as shelters, authorities said Thursday. The flood is caused by heavy rainfall and overflowing Ireng and Takatu Rivers. Director-General of Guyana’s Civil Defence Commission, Col. Kester Craig told Demerara Waves Online News that the evacuees are in ...

Approval has been granted for the construction of a 0.95-megawatt dual hydro-system at Moco Moco and a 2.2 megawatt at Kumu in Region Nine (Upper Takutu/Upper Essequibo. That was announced by Regional Chairman, Brian Allicock, at the recently concluded Regional Toshaos’ Conference in Lethem, reported government’s Department of Public Information. The projects will be financed from funds received through the ...

Cambios and money transfer entities are to come under intensified scrutiny, against the background of an assessment showing that in Guyana money laundering is “high” and financing of terrorism is “medium”, officials said Wednesday. The announcement was made at Guyana’s Money Laundering and Terrorist Financing (ML/TF) National Risk Assessment (NRA) Seminar that was held to assess implementation efforts by the several government and ...

The Guyana Gold Board (GGB) has moved from Brickdam, Georgetown to Crown Street,  Queenstown, and already the semi-autonomous agency has had to quell concerns that the ‘gold burning’ facility there would sicken residents with mercury emissions. In a newspaper notice, the GGB told gold miners, licenced dealers and the general public that it has moved from the Guyana Geology and ...

The Ministry of Communities has suspended the appearance of Regional Executive Officers of the 10 administrative regions before the Public Accounts Committee (PAC) to allow them to better prepare to answer questions, but opposition People’s Progressive Party Civic (PPPC) parliamentarian, Juan Edghill has objected, saying  the REOs have failed to consult the experts before each sitting. In a letter to ...

The Chairman of the Guyana Civil Aviation Authority (GCAA), Retired Lt.Col. Larry London on Tuesday floated the idea of setting up a Caribbean Civil Aviation Authority (CCAA) that is governed by its own regulations and aimed at stemming the brain-drain and securing jobs for  aviation personnel on foreign-registered aircraft working in the region. Speaking at the opening of  the 23rd Caribbean ...

Two male bandits suspected to have been seriously injured during a robbery at Alliance, Canal # 2 Polder, West Bank Demerara are currently being sought by police whilst the driver of a car reportedly used to transport the perpetrators, is being interrogated, the Guyana Police Force said in a statement. “The vehicle which after a “brief pursuit” by the police ...

Bandits broke into the well-known Guyanese jewellery store, L. Seepersaud Maraj in the Stabroek Market, and carted off a large quantity of jewellery, leaving the proprietors baffled. Mr. Maraj told Demerara Waves Online News that he could not immediately estimate his losses until he goes through his stock records, but they are certainly less than GY$100 million. “Sometime last (Monday) ...

The Caribbean Community (CARICOM) Marijuana Commission has recommended the decriminalising of marijuana possession, but the Alliance For Change (AFC)- one of Guyana’s governing coalition partners- says it does not want penalties to be removed altogether from the law books. Hours after CARICOM Secretary General, Irwin La Rocque announced in Jamaica that the Commission has recommended that marijuana possession should no ...

ExxonMobil Foundation said Monday that it will contribute US$10 million to a new collaboration with Conservation International and the University of Guyana to train Guyanese for sustainable job opportunities and to expand community-supported conservation. The investment is also intended to support Guyana’s Green State Development Plan, the country’s 15-year development plan that aims, among other things, to diversify Guyana’s economy ...