Business

Georgetown’s City Council waived GY$19 million in interest rates to rake in much needed GY$7 million in rates and taxes, the same day that municipal workers picketed City Hall to vent their frustration at repeated late payment of salaries. Deputy Mayor, Lionel Jaikarran announced that he collected the GY$7,511,130 cheque from the lawyer for an unidentified business, hoping that funds ...

  “I am happy and thankful that I won the million dollar”, said David Sital,  a cattle farmer, butcher and vendor  at the Mon Repos Market, after he emerged the winner of the GTT  Million Dollar Smile promotion held at Mon Repos, East Coast Demerara Friday evening, November 11. The Guyana Telephone and Telegraph Company (GTT) said in a press ...

A Canada-based Guyanese high-tech cyber-security expert has urged Chief Information Security Officers (CISOs) to drop reactive strategies to cyber threats – including chasing alerts — and instead be more proactive if they want to stay ahead of attackers. “The reactive strategy has failed,” Nik Alleyne, senior manager of cyber security at Forsythe Solutions Group, said Wednesday at the International Cyber Security and Intelligence ...

As the Guyana Gold Board continues a probe into the alleged siphoning off of millions of dollars from miners during, Board Chairman Gabriel Lall said certain board members had resisted the introduction of an upgraded and secure system that might have prevented the scam. “You have just got me a little angry there, not with you, but with what I ...

The Caribbean and the United Kingdom (UK) have opened talks on ensuring seamless continuation of  trade between the two sides continues after Britain exits the European Union, Caribbean Community (Caricom) Secretary General, Irwin La Rocque said Thursday. He said a Caribbean trade ministerial meeting in Guyana  would examine proposals to ensure trade between the region and the UK is not ...

Two employees of the Guyana Gold Board have been sent on leave pending an investigation into an alleged multi-million dollar fraud, Chairman of the semi-autonomous agency, Gabriel Lall told Demerara Waves Online News. “I am confirming that two workers were sent home pending an investigation into irregularities,” he said. Demerara Waves Online News was told by sources that the Accountant, ...

Fire erupted aboard an ocean-going cargo vessel that is moored at Good Success, Wakenaam Island, Essequibo River, officials confirmed Thursday. Fire Chief, Marlon Gentle told Demerara Waves Online News that fire fighters have since been dispatched to inspect the fire scene aboard the MV BELLE. Initial reports, he said, suggest that the fire occurred in the engine room where workers ...

A Corentyne businessman is suffering an estimated GYD$52 million in losses after an early Tuesday morning fire gutted his main boutique named ‘Indulge’ located at No. 78 village, Corentyne in eastern Guyana. 46-year-old Raj Ramdass of Lot 3 Yard, Springlands, Corentyne, in an interview with Demerara Waves Online News,  stated that he received a call at about 4:30 AM from ...

A husband and wife charged with allegedly exporting GYD$14.6 million worth raw gold without a licence were Monday granted self-bail. They are 47-seven year old Shazam Khan and 45-year old Bibi Khan of Lot 3 Peter’s Hall, East Bank Demerara. Appearing before Chief Magistrate Ann Mc Lennan, tbey pleaded not guilty to the charge. She released them on their own recognisance ...

Vendors, who sell outside the New Amsterdam Market, will be forced to locate to other areas by Monday. This is according to Town Clerk Sharon Alexander who stated that the decision was taken at the council previous statutory meet. The Town Clerk, in an interview with Demerara Waves Online News, disclosed that the vendors who occupy the outer parts are ...