Business

The Georgetown City Council on Sunday dismantled and carted off vendors’ stalls on the pavement around Demico House, Cornhill and Croal Streets and ordered sellers present to remove permanently, in compliance with a High Court order obtained by Banks DIH Limited. The City Engineer, Colvern Venture said City Police would be deployed to the Demico House area to ensure vendors ...

Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian, Jermaine Figueira at the weekend disagreed with calls by New York-based Guyanese political activists for a boycott of certain businesses in Brooklyn that welcomed President Irfaan Ali. “Boycotting Guyanese businesses “we own” people in a foreign land is just plain stupid. How is that going to achieve anything good?,” said ...

The Institute of Private Enterprise Development Limited (IPED) announced on Saturday, through the release of its 2023 Annual Report, the disbursement of a total of 4,881 loans valued at $4.3 billion, which contributed to the creation and maintenance of 8,655 jobs, according to a statement.   According to Komal Samaroo, Chairman of IPED’s Board, “The strategic decision to focus the company’s ...

A company that was awarded a GY$717 million contract to build a pump station at A-Line, Goed Fortuin, West Bank Demerara now has to pay liquidated damages because the 12-month project has been stalled beyond its original completion date by 10 months, the National Drainage and Irrigation Authority (NDIA) said Friday evening. “In the case of the A-Line Pump station, ...

Numerous Guyana Telephone and Telegraph Company (GTT) residential and commercial fibre optic internet subscribers are without service after a fire at a huge heap of garbage on Robb and Alexander streets destroyed several telecoms cables. GTT could not immediately say how many areas in Georgetown were experiencing the Internet outage that began around 3 PM Wednesday. “Several fibre services within ...

One of Guyana’s indigenous banks, Demerara Bank Limited, has expanded its “footprint” to St Lucia where the laws allow financial institutions to focus on investment banking, according to Chairman of the DDL Group of Companies, Komal Samaroo. “We do have a subsidiary in St Lucia but that is for the purpose of investment and looking at opportunities in the region ...

By Peter Richards BRIDGETOWN, Barbados, Apr 23, CMC – President of the Barbados-based Caribbean Development Bank (CDB), Dr. Hyginus ‘Gene’ Leon, has resigned with “immediate effect” from the regional financial institution. According to a three page letter sent to the Bank by his St. Lucia-based lawyers, Leon is of the opinion that “he will never be treated fairly” after he ...

An Air Europa passenger jet — en route from Lima, Peru to Madrid, Spain — made an emergency landing at the Cheddi Jagan International Airport (CJIA) on Monday afternoon because one of the passengers fell ill, officials confirmed. “The aircraft declared a medical emergency on board and as such, an emergency landing was instituted. The airport’s ambulance was on standby to ...

The University of Guyana’s (UG) Faculty of Engineering and Technology has received its first international accreditation for the Associate of Science in Petroleum Engineering and the Bachelor of Science in Petroleum Engineering from the London-based International Energy Institute, UG said Sunday. UG hosted the five-man accreditation evaluation visit and team in February when the favourable verbal report was given ahead ...

Leader of the People’s National Congress Reform (PNCR), Aubrey Norton on Sunday promised Amerindians more political autonomy and benefits should the opposition coalition that includes his party win next year’s general and regional elections. “There is no sense in talking about you like the Indigenous People, you support them but there is no programme to empower them economically,” he told ...