Business

The owner of Sleepin Hotel, Clifton Bacchus on Monday said he would be transferring several buildings to his company as part of preparations to re-apply for licences to operate a casino. “I am transferring properties into the company’s name and it will take another month and then I will re-apply,” he said, adding that those properties are free of encumbrances ...

The Guyana Gaming Authority says it has refused Sleepin International Hotel and Casino Inc.a casino licence because that company failed to show that it has the money to run such a gambling operation. The company has since said that it would be submitting fresh applications with the required information. “The company is currently in the process of accumulating this information ...

A money changer was Sunday afternoon shot and robbed while dining with his companion at city fast food outlet, police confirmed. Police said 32-year old Vishwanauth “Vishal” Nowbat of ‘C’ Field, Sophia, East Coast Demerara was shot to his abdomen while seated at PopEye’s, Water and America Streets at about 4:15 PM. “The suspect approached and demanded he handed over his day’s ...

Local agro-entrepreneurs are upbeat about the future of agro-processing in Guyana. The Guyana Marketing Corporation (GMC) on Saturday held a fair on the Avenue of the Republic for businesses to showcase their products, and it was there participants expressed their optimism for the sector’s future. One of GMC’s major roles is collaborating with stakeholders for the development of agri-businesses so as ...

The Chinese-owned Bosai Minerals Group has agreed to buy a manganese project at Matthews Ridge, North West District from the Canada-headquartered Reunion Gold Corporation for US$10 million. Under the deal announced by Reunion, it on November 4, 2016 agreed to sell “all of its rights, title and interest” in the project to Bosai which would begin paying 50 percent of the agreed amount when production ...

Under pressure from the opposition People’s Progressive Party Civic (PPPC) in the National Assembly, Minister of Communities,  Ronald Bulkan buckled and said the biocide, Antinfex, was in fact used for purification purposes. Moments earlier, in response to a series of questions by PPPC Frank Anthony, Bulkan repeatedly stated that Antifex “has not been used for purification at any of the ...

The Chairman and Vice Chairman of the recently-sworn in Public Procurement Commission (PPC) have been unanimously agreed to and the salaries fixed for that five-member body that is now responsible for the award of multi-million contracts. The Chair is Ms Carol Corbin,  up to recently a very senior administrator at the Guyana-based Caribbean Community (Caricom) Secretariat and wife of former ...

The Guyana government on Thursday announced plans to overhaul the management and development of the civil aviation sector including measures to resolve long-running disagreements between the majority of domestic airlines at Eugene F. Correia ‘Ogle’ International Airport and the management of Ogle Airport Inc. (OAI). Among the steps that Cabinet this week agreed to are a new legal mechanism to ...

Government on Thursday signaled that closure of a number of operations of the cash-strapped and highly-indebted Guyana Sugar Corporation (GuySuco) is one of the options to be considered by a Cabinet sub-committee before year-end. “All of these are the options; these are all options because if you are going close down anything you have to consider the workers and how ...

Retired Assistant Commissioner of Police, Mr. Winston Cosbert was Wednesday evening given the Terms of Reference (TORs) by Minister of State, Mr. Joseph Harmon, to probe into the allegations of unauthorised disclosure of information, mismanagement and malpractices in the procurement of pharmaceuticals at the Ministry of Public Health, government announced. In handing over the TORs, Minister Harmon said that Government eagerly ...