Business

…Minister promises full liberalization by May by Gary Eleazar   Minister with responsibility for Telecommunications in Guyana, Catherine Hughes, promises that the sector will be fully liberalized by the end of May, complete with the accompanying regulations and the establishment of the Telecommunications Agency. Hughes was at the time responding to Chief Executive Officer (CEO) of the Guyana Telephone and ...

Opposition Leader, Bharrat Jagdeo on Monday accused the People’s National Congress Reform (PNCR)- the single largest party in the governing coalition- of sticking with the controversial parking meter deal to fund its operations. “This is a corrupt deal and it leads all the way to Congress Place. This has very little to do with the City Council officials; it has ...

by Gary Eleazar The Guyana Telephone and Telegraph Company (GTT) Monday (February 27, 2017) rolled out its fixed Long Term Evolution (LTE) ‘lightening fast’  internet service on the Essequibo Coast—four months ahead of schedule—with a promise to revolutionize the way business is conducted between Charity and Supenaam. GTT’s Chief Executive Officer (CEO), Justin Nedd, in launching the high speed internet access ...

A pharmacist and his wife, both employees of the West Demerara Hospital, are in the custody of the Guyana Police Force in connection with alleged fraud,  government said in a statement. Authorities said the two were assisting police with investigations into a suspected drug procurement and supply fraud. The probe stemmed from a fact-finding mission that was dispatched by Public Health ...

The Guyana government, through the Ministry of Agriculture,  has decided to make lands available to workers of the Wales Sugar Estate for them to become self-sufficient in farming practices. This decision comes as government continues to explore feasible alternative ventures to ensure that the well-being of sugar workers of the estate is considered, even as the sugar industry transitions into a ...

The Public Procurement Commission (PPC) is preparing to ask government for more than GYD$120 million dollars to hire highly qualified and experienced staff, some of whom will be required to conduct specialised investigations to unearth multi-million dollar fraud, according to sources in government. Government allocated GYD$76.2 million as a start-up budget for the body that had been provided for in ...

Even as the Public Procurement Commission grapples with insufficient money, space and staff, the body says Cabinet still has a legal right to offer its ‘no-objection’ to contracts, and there is a conflict between the law and the regulation about the Bid Protest Committee. “The Commission is not empowered by the Constitution or the Act to grant no objection or to ...

Guyana has tapped into a US$8 million loan from the Inter-American Development Bank (IDB) to help reduce prison overcrowding and speed up the delivery of justice, the Finance Ministry said in a statement. “It is anticipated that through this project, there will be a significant reduction of high concentrations of prison population in Guyana,” the Finance Ministry said in referring ...

Guyana Goldfields/AGM Inc. recently introduced a dozen media personnel and nearly twenty officers and ranks of the Guyana police force to the immense possibilities of the application of drone technology to their respective jobs, the company said in a statement. Officially they are referred to as UAVs (Unmanned Aerial Vehicles) or RPAS (Remotely Piloted Aerial Systems). However, they are more ...

Staff at the Guyana Office for Investment (GO-Invest) have now signed a secrecy agreement to help stamp out the sharing of investors’ plans and proposals with others who may later be facilitated to go ahead with those projects, according to Chief Executive Officer Owen Verwey. “All the officers have now signed a confidentiality agreement or secrecy agreement that conforms with the ...