Internet Radio

Business

Govt agrees to repay NIS money invested in failed CLICO

Guyana’s social security system, the National Insurance Scheme (NIS) , is set to receive a GYD$5.6 billion cash injection over the next 20 years to compensate for a loss of money in the failed Colonial Life Insurance Company (CLICO). He said Cabinet has approved the government repaying NIS through non-negotiable Guyana government debenture certificates over a 20 year period at ...

Read More »

Time for Afro-Guyanese to demand benefits from govt they voted for

Afro-Guyanese, largely supporters of the David Granger-led administration, were Sunday urged  to pressure government into looking after their welfare in exchange for the votes that they cast for the APNU+AFC coalition last year. The calls were issued at the Cuffy250 Fourth Annual State of the African Guyanese Forum held at the Critchlow Labour College, Woolford Avenue, Georgetown. Delivering the opening ...

Read More »

GTT’s services back at “full strength,” Cheddi Jagan Int’l Airport’s automatic check-in system working again

The Guyana Telephone and Telegraph (GTT) said that as of 7 AM on Friday, August 5, 2016 all its services have been restored to “full strength.”   “Our *100# menu is back and is ready to provide you with all the services that you have become accustomed to,” the company stated. This includes MyAccount and Mobile Money services. Meanwhile, the ...

Read More »

Single hull tankers pose risk of major oil spills; Guyanese company ready to clean up

A Guyanese company, now capable of providing oil spill clean-up services, on Friday raised concerns about the risk of massive marine and coastal pollution if single-hull vessels are not phased out from carrying fuels in Guyana. Chief Executive Officer of GAICO Construction and General Services, Komal Singh called for efforts to be made to reduce that type of risk at ...

Read More »

Company was aware of Kato Secondary’s defects; govt rubbishes offers, refuses to pay outstanding GYD$66 million

Guyana’s Public Infrastructure Minister, David Patterson on Thursday denied that KARES Engineering was never told of the defects at the Kato Secondary School within the liability period. Patterson refused the company’s offer to agree to a partly funded pressure test of the concrete structure, and he virtually ruled out the company being paid the remaining GYD$66 million. Describing the company’s assertion ...

Read More »

Company that built Kato Secondary School willing to fix defects, but was never told of any

The company that built the Kato Secondary School on Thursday sought to debunk government’s criticisms about the quality of the construction while at the same time saying that it would be willing to fix the defects. “Kares Engineering is prepared to fix defects which should have been identified under the defects liability period and to remedy those that are applicable ...

Read More »

Parking meter contract burdensome, heavily favours investor – govt

The Guyana government has found that the parking meter agreement weighs heavily in favour of the investor rather than the Georgetown City Council and has recommended that an accountant conduct an analysis of the figures. Minister of State, Joseph Harmon said Cabinet on Tuesday considered reports on the parking meter agreement by Attorney General and Minister of Legal Affairs, Basil ...

Read More »

Only High Court can block UG Student Loan defaulters from leaving Guyana

The High Court will first have to issue orders before University of Guyana student loan borrowers can be blocked from leaving the country, according to legal sources. The sources explained that as it relates to the student loan borrowers, the Attorney General , representing the Guyana government, would first have to sue the indebted graduates and students for failure to ...

Read More »

No Cabinet decision on travel ban on indebted UG graduates, students

A call for Government to formally pronounce on a proposed travel ban for University of Guyana (UG) loan recipients, who are indebted to Government, will be heeded,  Minister of Citizenship Winston Felix said. The Government Information Agency (GINA) reported that the request was put to Minister Felix as he appeared before the Parliamentary Sectoral Committee on Foreign Relations, accompanied by Minister ...

Read More »

Defective GYD$781 million Kato Secondary School to cost GYD$140 million to fix

The Kato Secondary School in Region 8, which was built at a cost of GYD$728.1 million, has massive defects that would require at least another GYD$140 million to fix, according to representatives of the auditing company, Rodrigues Architects Limited. A recent integrity test of the structure has revealed that 60 percent of tests done on the concrete failed while a ...

Read More »