Business

The Guyana Gold Board will begin charging a GYD$2,500 per ounce transaction fee on all gold sold directly to that entity to help finance the running of its affairs, following consultations with the Guyana Gold and Diamond Miners Association (GGDMA),  the agency announced Wednesday. “The processing fee will enable the GGB to embark upon a structured and targeted program to ...

President David Granger on Wednesday appeared to have shunned a High Court interpretation of the Constitution on the appointment of a chairman of the Guyana Elections Commission. “The Chief Justice gave an interpretation based on her perception of the Law and I will continue to act in accordance with my perception of the Constitution; that is to say I will ...

A gang of heavily armed men are said to be raiding mining camps in the Cuyuni area for the past five days , but police do not have the required ground transportation to launch an offensive against the Spanish and Portuguese-speaking criminals. Interior (‘F’) Divisional Police Commander, Senior Superintendent Ravindradat Budhram told Demerara Waves Online News that efforts would be made ...

The Guyana Telephone and Telegraph Company (GTT) on Saturday said it has begun rolling out a US$25 million fibre-optic system to offer blazing fast Internet service, while assuring that the company is not violating intellectual property laws by providing movies and other video content through its network. “We have all the clearance from our lawyers and I think we’ve got ...

Five men, including one policeman and two employees of Republic Bank, were Friday arraigned in connection with the failed bank robbery more than one week ago. A former bank employee- Jamal Haynes- was jailed for six years after he pleaded guilty to attempting to rob the bank and several other charges. The policemen charged are Constable Anfermee Blackman and Rural ...

Three employees of Medicare Pharmacy were Thursday morning arraigned on a charge of misappropriating funds and they were granted a total of  GYD$450,000 bail. Appearing before Chief Magistrate, Ann McLennan at the Georgetown Magistrates’ Court were 23-year old Watmattie Ramnarine, 43-year old Zalena Khan and 23-year old Salena Khan. The prosecution alleges that between September, 6,2016 and June 2,2017, while being ...

Guyana hopes to surpass Trinidad and Tobago, and Jamaica in the amount of monies it gives to youth empowerment and employment by scrapping a multi-billion dollar subsidy to the state-owned Sugar Corporation (Guysuco) and injecting more funds from oil revenues when production begins in 2020, Public Security Minister Khemraj Ramjattan says. “This why we are making sure that the bailouts ...

The Private Sector Commission (PSC) on Wednesday urged authorities to monitor the expected large number of remanded prisoners who are being released from custody, but Police Commissioner Seelall Persaud almost immediately knocked down the criticism, saying those being released have not committed violent crimes. “They are there for non-violent crimes and there are persons who the court would have already ...

The newly implemented drug procurement system requires successful suppliers to register all drugs with the Government Analyst Food and Drug Department (GA-FDD). This is to ensure that quality drugs and medical supplies are acquired through the procurement system. This was highlighted during a presentation by Technical Advisor to the Ministry of Public Health on the Global Health Supply Chain Management, ...

The Guyana government has to hire a “top accounting firm” to help assess the value of assets of the state-owned Guyana Sugar Corporation (Guysuco) to be sold, and GYD$130 million have been allocated for a Special Purpose Unit to spearhead the sale. The announcement was made Thursday in the National Assembly by Finance Minister, Winston Jordan during consideration of a financial ...