Business

Three armed bandits on Tuesday night carted off with an undisclosed amount of cash and jewellery from an East Canje, Berbice bar. Proprietor of the business located in Canefield, 43-year-old Drupattie Azeez, told Demerara Waves Online News that around 8:00 pm, they were in the process of closing the shop when her 25-year-old daughter was confronted by one of the ...

Small-scale gold miners, who have banded themselves together in syndicates, on Thursday demanded that they be given more than 10 mining blocks, at a meeting that clearly pitted Junior Minister of Natural Resources, Simona Broomes against Senior Minister, Raphael Trotman. Chairman of the National Mining Syndicate (NMS), Renwick Solomon restated that the syndicates do not want the number of blocks ...

A man was Tuesday arraigned for the alleged murder of well-known City businessman, Godfrey “Saga” Scipio last as he was about to enter a city hotel with a female friend. Chief Magistrate, Ann Mc Lennan read the charge to Aubrey Bobb, an ex-convict for armed robbery. He was not required to plea because the charge is an indictable one that ...

Six months after grave concerns were raised about mining of river banks for gold in Guyana’s interior and heavy pollution of waterways, evidence has surfaced that the practice continues even close to a police station. Photographs provided to Demerara Waves Online News from a well-placed source shows several bruised and scarred river banks in a number of areas. One of ...

Sarah Fernandes a 14-year-old fourth form student of the North West Secondary School, Region One is the winner of the national level Caribbean Organisation for Tax Administrators (COTA) 5th Essay Competition 2017, the Guyana Revenue Authority (GRA) said Monday. Fernandes’ essay on the topic “If I were the head of my country’s Tax Administration, what would I do to increase ...

The Guyana Bank for Trade and Industry’s branch at Bartica was Sunday damaged as a result of a vehicular accident. Residents said a car and pick-up crashed and the care rammed the branch of that financial institution in the gold mining township. One of the drivers was up to about 2 PM Sunday receiving treatment at the Bartica Hospital. The ...

Former Permanent Secretary of the Ministry of Health, Leslie Cadogan, who was fired with immediate effect allegedly because of  lack of accountability of almost GYD$470 million dollars worth of drugs, is suing the State for wrongful dismissal and says he is owed GYD$18 million in salary and allowances. In court papers seen by Demerara Waves Online News, he denied Minister ...

Guyana Police Force investigators said they have arrested a man in connection with the robbery-murder of City businessman, Godfrey “Saga” Scipio Thursday afternoon as he and his fiancee were about to enter a hotel. The identity of the man was not released as police only said he was 26-years old. Scipio,58, of Lot ‘ZZ’ 22 D’urban Street, Wortmanville, Georgetown was shot ...

Guyana has secured US$1.5 million (GYD$300 million) to finance the development of the ‘Green’ State Development Strategy (GSDS), the Ministry of the Presidency said. This financing was approved by the Steering Committee of the Guyana REDD+Investment Fund following the submission of a detailed proposal and work plan. The financing also provides coverage for the development of the GSDS Coordination Desk. ...

Commercial banks are being urged to expand their financial investment vehicles into the rural and hinterland regions of Guyana in an effort to spur economic activity by widening access to capital for more businesses. This ties into the government’s push to to facilitate small and medium-size businesses as engines of growth and development. “Investment is the tool for economic expansion ...