Business

Former Finance Minister, Dr. Ashni Singh and former Chief Executive Officer of the National Industrial and Commercial Investments Limited (NICIL, Winston Brassington were Tuesday granted GY$6 million bail each on three joint charges of misconduct in public office. They were arraigned before Chief Magistrate, Ann Mc Lennan who granted them GY$2 million bail on each of the three joint charges. ...

By Ivan Cairo PARAMARIBO – Noting that the recent attacks on Guyanese fishermen in Surinamese waters are no random acts of violence for economic gains, Opposition Leader Bharrat Jagdeo not only called for swift action from the governments of Suriname of Guyana, but also for special prosecution of perpetrators. During a meeting Sunday in Suriname with fishermen, families of missing ...

By Ivan Cairo PARAMARIBO – Police authorities here confirmed Monday that they have detained thirteen suspects in the ongoing investigation into the recent armed attacks on several fishing boats offshore Suriname. While several individuals were captured by fishermen most of the suspects, all Guyanese fishermen, were arrested over the weekend at several location by police, Coast Guard and the Bureau ...

A small number of private businesses in Guyana pay bribes for government services, but that figure is still high compared to the rest of the Caribbean, according to an Inter-American Development (IDB) publication. Titled “Constraints Affecting Guyana’s Private Sector: Survey Results”, the authors Guyanese economist Sukrishnalall Pasha, and Elton Bollers and Mark Wenner of the IDB found that the bribe ...

Guyana’s New Building Society Ltd was ordered by the Caribbean Court of Justice (CCJ) to pay Rodrigues Architects Ltd for services provided in relation to the construction of New Building Society Ltd’s head office. The CCJ says it discharged a stay of execution that had been granted in a lower court, enabling the company to recover the balance of monies due. ...

With 12 fishermen-many believed to be Guyanese- still unaccounted for following last Friday’s piracy off the coast of Suriname, police in that formrr Dutch colony on Friday appealed to relatives to provide information about those still missing. Suriname’s Coast Guard recovered two more bodies on Friday (May 4). With three bodies already recovered and a badly injured fisherman rescued, hopes ...

As Guyanese police arrested a Berbician in connection with last week Friday’s piracy attack that has so far left 11 persons unaccounted for, one of the surviving fishermen has been recounting his experience at the hands of the merciless pirates who chopped and threw several of his colleagues overboard off the coast of Suriname. Arrested was Nakool “Fire” Manohar, 38 ...

  By Ivan Cairo PARAMARIBO – Although the chance of finding survivors is getting smaller by the hour, rescue workers have found one of the victims of the deadly attack on four fishing boats on Friday. The man was said to be in critical condition was rushed to the hospital by ambulance after being brought ashore this afternoon. He allegedly said ...

Guyana on Thursday hosted the inaugural workshop for Regional Judges and Prosecutors with a call by the country’s Attorney General and Minister of Legal Affairs, Basil Williams SC., for more convictions and the confiscation of the proceeds of criminal ventures for the benefit of the State and other victims. This, if the global efforts of the international Financial Action Taskforce ...

United States-headquartered warehouse club, PriceSmart, is planning to set up shop in Guyana due to expected economic boom as a result of oil production in another two years, a senior company official said. “We are very, very interested in exploring the opportunity of locating PriceSmart in Guyana. We have to do our due diligence but we hope we can eventually ...