Business

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 ...

Britain says while Guyana appears to be progressing towards commercial oil production, there appears to be no clear indication on how the South American nation will spend some of the revenues. High Commissioner to Guyana, Greg Quinn said Guyanese stakeholders need to discuss how the money should be spent on the social sectors and infrastructure while putting some of the ...

The People’s Progressive Party (PPP) on Monday warned of increased tension and unrest by sugar workers if they are sacked due to the closure of more sugar estates, even as that party demanded that a socio-economic impact study be done before government decides on the Guyana Sugar Corporation’s (GuySuco) future. “Unquestionably, this will cause a confrontation. If we use one ...

With no major change in the parking meter rates for the vast majority of motorists, the boycott of the meters continued Monday. The resumption of paid parking after one week of consultations saw most designated areas being vacant. Except for a 50 percent reduction for eight hours of parking, shorter durations have been retained at a minimum of GYD $50 ...

The Private Sector Commission and the Guyana government on Saturday  continued to be at loggerheads over the business community’s ‘no confidence’ in managing the country’s economy as well as concerns about the constitutionality of a proposed law to recover stolen state assets, and alleged political interference in the judiciary. A day after government labelled the PSC a “political stool pigeon” ...

Lawyers associated with the Movement Against Parking Meters (MAPM) said there are legal and other grounds for the deal to be revoked, and different opinions have emerged over whether reactivation of paid parking on Monday will amount to contempt of court. Speaking at a public consultation at the St. Stanislaus College, Brickdam on Saturday, Attorney-at-Law Nadia Sagar said the contract ...