Business

Political analyst and prominent Attorney-at-Law, Ralph Ramkarran on Wednesday recommended more broad-based representation on the proposed Guyana Petroleum Commission and less ministerial involvement to remove deep-seated suspicions about narrow political involvement in the oil sector. “Once you have a commission that is not respected by a section of the Guyanese people, the oil industry will be forever one in which ...

A Canadian man, who allegedly went to a mining and demanded five ounces, 15 pennyweights of raw gold, was Wednesday charged with attempting to steal. Chief Magistrate, Ann Mc Lennan granted 54-year old Elson Bettencourt GYD$100,000 bail on the condition that he lodges his passport with the Magistrates’ Court Office. He was ordered to return to court on November 8, ...

Guyana is now officially the 53rd candidate country of the Extractive Industries Transparency Initiative (EITI). Guyana’s application to become a candidate country was deliberated upon during the 38th Extractive Industries Transparency Initiative Board Meeting which is being held in Manila, Philippines from October 25 to 26, 2017. Guyana was invited to the meeting as observers. “This is a signal achievement ...

Reproduced from New York Daily News Written by Jared Mc Allister, Sunday October 22, 2017 Guyana-born singer/musician/songwriter/producer Eddy Grant had not released an album in 11 years, but his latest work, “Plaisance,” is right on time and very special to the longtime music star. He’s been around the world performing “Electric Avenue,” “Romancing the Stone,” “Living on the Front Line” ...

A rice farmer is now contemplating his next move after losing over GYD$20 million in a fire suspected to be started by an arsonist gutted his two story wooden and concrete home Friday  evening. 78-year-old Marvin Duncan of 135 A’ Mibicuri South, Blackbush Polder, Corentyne relayed to Demerara Waves Online that he was not at home at the time of ...

Guyana’s Private Sector Commission (PSC) on Friday warned that President David Granger’s unilateral appointment of a Chairman of the Guyana Elections Commission (GECOM) would result in political and economic instability. “The decision of the President to act unilaterally and independently of the submissions of the Leader of the Opposition poses a clear threat to democracy and will inevitably divide the ...

As Guyana joins the rest of the world in observing World Air Traffic Controllers Day, the Director General of the Guyana Civil Aviation Authority (GCCA), Retired Lt. Col. Egbert Field said that entity is preparing for the growth of the country’s oil and gas sector. “With the imminent rise of the Oil and Gas Sector on our horizon, the challenge ...

Former General Manager of the New Guyana Marketing Corporation (NGMC), Nizam Hassan and the wife of a Ministry of Agriculture Engineer were freed of fraud charges because of a lack of evidence. Chief Magistrate, Ann Mc Lennan on Friday ruled that the case against Hassan and Felicia De Souza-Madramootoo be dismissed because the prosecution failed to provide evidence to support ...

Former Managing Director of the Guyana Rice Development Board (GRDB), Jagnarine Singh and a former director of that agency, Madanlall Ramraj were Thursday charged with allegedly defrauding that entity of more than GYD$8 million. Attorney-at-Law, Glen Hanoman, who is representing Singh, said also facing the joint charge is former GRDB accountant, Peter Ramcharran who is facing extradition proceedings in Canada based ...

The directors of the Guyana Bank for Trade and Industry (GBTI) are expected in court next Thursday to face alleged contempt for failing to comply with a production order by the High Court. However, one of the Attorneys-at-Law, Nigel Hughes told Demerara Waves Online News that his clients are innocent and the authorities would have to establish  that there is ...