Business

At least six managers of the New Building Society (NBS) were Tuesday evening detained and taken to police stations in connection with alleged unlawful imprisonment of several persons at the financial instiution’s headquarters during the day. Four security guards- three employed by NBS and one by Professional Guard Service-were also arrested and taken to a nearby police station. Police are ...

After a stand-off of several hours, the New Building Society (NBS) on Tuesday paid up a more than GY$59 million dollar dismissal judgement to former Chief Executive Officer of the New Building Society (NBS), Maurice Arjoon. Sources told Demerara Waves Online News that the cheque has been already written and handed over. High Court Marshals and Arjoon’ s lawyers descended ...

Several customers, a High Court Marshal, lawyer and policeman were Tuesday afternoon among several persons locked inside the New Building Society (NBS) headquarters for several hours, raising concerns about alleged false imprisonment. Deputy Commander for ‘A’ Division of the Guyana Police Force, Senior Superintendent Wendell Blanhum said legal action was being contemplated. Blanhum told NBS lawyer, Ashton Chase that he ...

High Court Marshals and police were Tuesday levying on the assets of the New Building Society (NBS), Guyana’s premier mortgage institution, to the amount of GY$59 million. That is in keeping with a High Court decision that former NBS official,  Maurice Arjoon, should be compensated for wrongful dismissal. Customers and other persons were prevented from entering the NBS headquarters after ...

The National Telecommunications Agency (NATA), which will be responsible for spectrum management and licensing of wireless communication service providers, is about to be established but liberalisation of the telecommunications sector is largely hinged on the settlement of a US$44 million tax claim against the Guyana Telephone and Telegraph Company (GTT). GT&T continues to maintain that it enjoy a monopoly on ...

The opposition People’s Progressive Party (PPP) on Friday said now it has failed to pressure government into keeping several Guyana Sugar Corporation (Guysuco) estates opened and avoid sacking 4,000 odd workers, it would keep up the pressure on protecting workers’ rights in any privatisation deal. “Now that the termination has been done- we were opposed to it- closure of these ...

Government on Friday announced that sacked sugar workers, who are eligible to GY$500,000 or less in severance pay, would be paid  in full this month-end and the others who would be paid 50 percent of the amounts due to them. Government’s Department of Public Information later saud that 1,600 former Guysuco workers will be paid full severance pay if it ...

Opposition Leader Bharrat Jagdeo on Friday said the People’s Progressive Party (PPP) would be funding legal fees for sugar workers to challenge the legality of government paying part of severance. “The PPP will pay the legal fees for all of the sugar workers that want to challenge it in the court,” he told a news conference more than two hours ...

Georgetown residents were Thursday warned that those who do not pay the GY$200 per week to collect their garbage would not benefit from the service and would face legal action, even as a top City Hall official called for the banning of plastic bags. “In terms of you paying and your neighbour is not paying, we have the by-laws coming ...

Minister of Public Security, Khemraj Ramjattan Thursday night assured that the whistle blower legislation, which was passed by the National Assembly, prohibits malicious reporting and will allow for reporting corruption and other wrongdoings in the private and public sector dating back to 12 years. “It is important that we understand that it is not only prospective but retrospective,” he told ...