Business

As Guyanese prepare to come out in their numbers again to vent their opposition to the parking meter contract, Transparency Institute of Guyana Inc- a local anti-corruption watchdog- has slammed the deal whose conditions favour the investor beyond the 80-20 stake. “Recent revelations about the original contract for parking meters in Georgetown confirm that the deal was not in the ...

Prime  Minister, Moses Nagamootoo on Wednesday said further reform of Guyana’s constitution,  revival of the Integrity Commission and a Code of Conduct for elected officials are aimed at ensuring officials do not steal public funds including those garnered from the oil and gas industry and other natural resource sectors. “I am serious about constitutional reform because it is going to ...

Guyana Power and Light (GPL) Chief Executive Officer, Renford Homer said power has been restored to all areas following widespread blackouts on Sunday and Monday. He said that normally it would take one hour, but this time it went beyond that time due to a particular issue. The Acting CEO was at the time giving an update on the recent ...

People’s Progressive Party Civic (PPPC) parliamentarian, Anil Nandlall on Tuesday challenged the constitutionality of an recent amendment to the tax laws that seeks to prohibit persons who owe Value Added Tax from leaving Guyana until they pay up or make acceptable arrangements to do so. The application will be heard on February 24, 2017. In court papers seen by Demerara ...

Parking meter rates are to set to be slashed by half and motorists will be able to use remaining time at any other space, top City officials announced on Monday. Addressing representatives of commercial banks at a meeting held at City Hall’s Chamber, Town Clerk Royston King and City Mayor Patricia Chase-Green said the rates would be reduced to GYD$28 VAT ...

As the Mayor and City Council continues its consultations with stakeholders on the controversial parking meter system, the largest organised vocal group- Movement Against Parking Meters (MAPM) – on Monday insisted that the existing contract must be scrapped. Group spokesman, Christopher Chapwanya told Demerara Waves Online News that although he and other group members want the deal abandoned, they believe ...

The Canadian-owned Guyana Goldfields / Aurora Gold Mines (AGM) is offering to train Guyana’s security personnel in the use of drones, but so far government has not responded, a senior company official said Sunday. AGM uses the unmanned aircraft to survey its mine properties, monitor the environment and conduct security surveillance of the area in western Guyana. The company’s Country ...

Guyana Goldfields/ Aurora Gold Mines (AGM) is preparing to expand operations in the western part of the country where it has found more gold deposits, officials said Sunday. Chief Executive Officer, Scott Caldwell said in preparation for the extending the life of the Aurora mine, the company has purchased a mill extension at a cost of US$70 million. The CEO said the ...

Although the public procurement commissioners were appointed by President Granger and paid monthly super salaries since last October, the Commission remains inactive due to the lack of staff for its work. Once the commission comes into being, it will assume Cabinet’s responsibility of granting No Objections to multi-million and billion dollar contracts for public infrastructure work. Cabinet Secretary and State ...

Just days after the Bank of Guyana began controlling foreign exchange rates at Cambios and commercial banks for the first time since 1989, concerns are being raised about the legality of that move even as forex traders on the streets are offering more than the officially prescribed rates. Cambios  on Thursday displayed that they were buying United States (US) dollars ...