https://i0.wp.com/demerarawaves.com/wp-content/uploads/2024/03/UG-2024-5.png!

Business

AFC wants parking meter contract suspended; fees maybe hiked in 2019; company can eventually buy lands for garaged parking

The Alliance For Change (AFC) on Monday called on the Mayor and City Council to suspend the parking meter project amid mounting concerns by sections of Georgetown’s citizenry about the deal which, among other things, provide for a takeover of lands for paid parking and a possible hike in fees in keeping with inflation. “The metered parking fee, the garaged ...

Read More »

Indian company wants to take over Skeldon Sugar Factory; Guyana yet to respond

An Indian company with international experience in the sugar industry is interested in investing in the low-producing Skeldon Sugar Factory with the aim of making it profitable in less than two years , an investment broker said Sunday. “From our conversation, we believe that within 18 months or less that Skeldon could be profitable,” Managing Director of Sunrise Holdings, Guyana-born ...

Read More »

GTT wants increased landline rates before liberalisation

The Guyana Telephone and Telegraph Company’s (GTT) Chief Executive Officer, Justin Nedd hopes that long requested landline rates will be increased ahead of liberalization of the telecommunications sector. “One of the things that is extremely important to us is being able to work with the Public Utilities Commission to ensure that we get landline rates before liberalization,” he told the ...

Read More »

Political tone at parking meter protest; private sector, Mayor disagree on impact of metered parking

Hundreds of Guyanese Friday morning protested against metered parking in Guyana’s capital, Georgetown, even as a much smaller pro-government group struggled to show any signs of real resistance. “This is not about politics. Go and record that thrash over there; that nonsense over there. How can he get on a bullhorn and say that about these people. This is business ...

Read More »

Georgetown Council presents $3.6B ‘Make Georgetown Green’ deficit budget

After months of deliberation among city officials, Council’s Finance Committee chair, Oscar Clarke, read out what was a deficit budget as the year’s $3.6Billion expenditure exceeds an expected revenue collection of $2.8Billion. This is not the first such deficit budget since sharp deficits were recorded for 2006, 2010, 2011, and 2015. This year’s budget will see a few measures implemented ...

Read More »

SOCU investigators search GRDB for evidence of financial crimes

Agents of the Guyana Police Force’s Special Organised Crime Unit (SOCU) on Friday searched the Guyana Rice Development Board’s offices for evidence in relation to the findings of a forensic audit. “It’s important to take action quickly to gather the documentation that is needed for evidence in cases of money laundering, tax evasion, theft so that’s exactly what we are ...

Read More »

AFC hopes oil revenue will help improve relations with APNU

The Alliance For Change (AFC) hopes that the generation of oil revenues and improved economic performance will help  ease tensions with A Partnership for National Unity (APNU) over demands for increased jobs and improved standard of living. AFC Chairman, Khemraj Ramjattan said the “very sound” relationship between his party and APNU has been unjustifiably criticized, but acknowledged that the need ...

Read More »

Government approves temporary re-start of scrap metal trade, existing stocks to be shipped abroad

Government has approved a temporary restart of the scrap metal trade, according to Cabinet Secretary and State Minister Joseph Harmon, who said cabinet recently approved the proposal made by the Business Minister last september. Harmon said there has been a process of bring onstream a new set of measures. “The process of putting together new regulations and guidelines by the ...

Read More »

Superbet calls for collaboration to go after armed bandits

The Suriname-based Suribet on Wednesday called on Guyanese authorities to craft a better strategy to combat heavily armed criminals, in the wake of two robberies in recent weeks that resulted in a loss of millions of dollars and mental scars to workers. General Manager of Suribet, Ashwien Surjbalsingh told reporters that his business has been robbed twice with AK-47 assault ...

Read More »

ExxonMobil briefs govt, opposition on production preparations

ExxonMobil and the Guyana government on Wednesday began high-level consultations with key ministers, opposition parliamentarians and Opposition Leader, Bharrat Jagdeo. Minister of Natural Resources, Raphael Trotman said Guyanese at all levels including those living in the United States, Canada and the Caribbean would be briefed. “It is important, as Guyanese and particularly as policy makers, that we know what the ...

Read More »