Business

Falling international prices for sugar has forced the Guyana Sugar Corporation (Guysuco) to examine the best ways of reducing spending and finding the best market and production mix,  its Chief Executive Officer (CEO), Errol Hanoman said Wednesday. “The main worry with the extent to which the price is dropping is going to be its impact on our cash flows which ...

Guyana’s National Frequency Management Unit (NFMU) on Thursday officially commissioned three high-tech spectrum monitoring stations that will allow the country to effectively police that natural resource. “For the first time, we can measure accurately how that spectrum is being used, who is using that spectrum. We can bring transparency to the process. We can ensure  that we reduce the illegal ...

Major international companies are showing keen interest in investing in the state-owned Guyana Sugar Corporation (Guysuco), according to United States-based investment broker, Wesley Kirton. Senior government and corporation officials have confirmed that among those exploring the possibility of investing in Guysuco are American Sugar Refineries (ASR), which owns Tate and Lyle, and other companies in Europe and Latin America. “We ...

Police said said they were hunting several men who robbed a family of cellular phones, cash and jewellery at their Westminster, West Bank Demerara home Tuesday morning. Investigators said the five also robbed a driver/salesman of his valuables and that of his motorcar, which was shortly after, found. T he shot victim, twenty years old, who is in a stable ...

An Ansa McAl salesman was Monday arraigned on four charges of embezzling a total of GYD$22 million. Thirty-two year old Apollos Manoharlall of 299 Fourth Street Alexander pleaded not guilty after the charges were read to him by Chief Magistrate, Ann Mc Lennan. He was a salesman in the construction department of Ansa Mc Al. Manoharlall was granted GYD$400,000 bail ...

Roraima Airways Chief Executive Officer Capt. Gerry Gouveia on Saturday  rejected reports that suggested that he might have been given preferential treatment for the purchase of two properties from the government, saying that he was not a member of the Privatisation Unit’s Board. “Captain Gouviea was not a member of the Privatization Board during the period covering the transactions associated ...

Politician and academic, Professor David Hinds on Saturday called on top government leaders to fan out across the sugar belt to talk with sugar workers about the future of the industry because both sides have valuable arguments. Hinds criticised government leaders for failing to mount outreaches among ordinary sugar workers to discuss with them the realities of the sugar industry ...

Guyana is finalising a study on how best to transport natural gas from the Liza oil field to shore and to use it to fuel electricity generation,  Minister of Public Infrastructure, David Patterson said Friday. Patterson declined to discuss the cost of converting existing electricity generators to use natural gas instead of heavy fuel oil. “The study shows it’s very ...

Evaluators of multi-million dollar bids are likely to be paid more than GYD$3,000 per bid, even as government moves to hire more such personnel, Chairman of the National Procurement and Tender Administration Board (NPTAB), Berkley Wickham said. “I have spoken to the Minister (of Finance) about it and we are actively dealing with that,” he said. Wickham could not immediately ...

  All the government duplexes, be it single or flat, concrete or wooden, will cost $6.8 million, Minister within the Ministry of Communities, Valerie Adams- Patterson said Wednesday. The CH&PA constructed six duplexes at the Perseverance Housing Scheme, East Bank Demerara (EBD,) which were on display and for sale at the recently concluded Housing Solution 2017 and Beyond Exposition. Minister ...