Business

With government soon to commence construction of a new bridge across the Demerara River, Minister of State Joseph Harmon said there is no reason for the current structure to be demolished. Minister Harmon said that “two bridges are better than one” and noted that as Minister responsible for Region Three (Essequibo Islands-West Demerara), he will be lobbying for the upkeep ...

Thieves early Saturday morning invaded a home at Kuru Kururu, Soesdyke-Linden Highway and beat a poultry farmer and his mother before escaping with cash and several items totalling GY$597,000. There were no reported injuries to an 11-month old boy who is the son of the poultry farmer and his wife. Police sources said 30-year old Rebekah Seabra retired to bed ...

The Ministry of Public Health will stop the rental of drug bonds, in particular, one at Sussex Street, Charlestown by the end of the year, government said Thursday. Minister of Public Health, Volda Lawrence reminded the media that during the examination of Budget Estimates in 2017, she had indicated that the controversial rental of the Sussex street drug bond would ...

Guyana’s  Court of Appeal has sent the Ramon Gaskin vs the Ministry of Natural Resources case back to the High Court for a Full Court hearing because it said it was hearing arguments that were never brought before Justice Holder. Gaskin is contending that Exxon’s partners in the Liza 1 project – Hess and Nexen – have no environmental permits ...

Reproduced from Trinidad Newsday newspaper Guyana and its eight oil finds can be a game changer for state-owned Petrotrin and TT, says National Gas Company (NGC) Chairman Gerry Brooks. He was speaking during a presentation at the Chamber of Industry and Commerce’s Business Outlook breakfast meeting held on Wednesday at the Chamber’s offices, Westmoorings. Brooks said Guyana’s eight finds equated ...

The Pan American Health Organisation/ World Health Organisation (PAHO/WHO) team assessing the claims of mercury exposure at GGMC has found no threatening levels of mercury at the complex. Last Saturday the WHO/PAHO team orally briefed the Ministers of Natural Resources, Raphael Trotman, and Public Health, Volda Lawrence, on their findings. “The team did say though they are not here to ...

When the original Management Committee of the Guyana Public Service Cooperative Credit Union (GPSCUU) was granted an interim order by the High Court on June 19, 2018, a number of payments, including a multi-million dollar pay-out to a lawyer, were made from the financial organisation’s coffers. Records seen by Demerara Waves Online News show that a prominent attorney-at-law signed a ...

Gil Holzman, President & Chief Executive Officer of Eco Atlantic Oil & Gas says the oil explorer is excited at the prospects of its Guyana offshore block based on recent seismic data and is confident French conglomerate Total will exercise an option to farm in to the concession. In January 2016, Eco Atlantic signed a Petroleum Agreement and is party ...

Japan is funding a US$17 million renewable energy project in Guyana that would see an improvement of the capital’s electricity generation system and the introduction of a solar energy system at the locally-based headquarters of the Caribbean Community (CARICOM). Foreign Affairs Minister, Carl Greenidge made the announcement at the signing of the agreement for the the introduction of renewable energy. ...

Government’s interim management committee on Wednesday took back control of the Guyana Public Service Cooperative Credit Union, after the High Court threw out previous orders. The original management committee, which has come under wide-ranging scrutiny for the way it has been running the affairs of the financial institution, had secured an  interim order to remove the government-appointed interim management committee. ...