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Business

Govt tight-lipped on method to ‘protect’ Guyana’s national interest if US sanctions Mohameds

Vice President Bharrat Jagdeo on Thursday was mum on government’s next move to save a US$300 million investment in a new shorebase at Vreed-en-Hoop if the United States (US) imposes sanctions on key Guyanese players Nazar “Shell” Mohamed and his son Azruddin Mohamed are key players. “If the US were to impose sanctions, then the government would have to assess ...

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Home Affairs Minister tells police to crackdown on disorder in Region Four

Home Affairs Minister Robeson Benn on Thursday asked the Guyana Police Force to crack down on illegalities and disorder mainly in Region Four (Demerara-Mahaica) which is regarded as the country’s trendsetter. “Where Region Four goes the rest of the country will follow. Where Region Four goes, those divisions, the rest of the country follows and if we are going to ...

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“Disruptive customer” forced American Airlines flight to return to JFK

American Airlines (AA) said a “disruptive customer” forced its Guyana-bound flight to return New York’s John F. Kennedy International Airport Tuesday night, despite a denial by well-known Indian cultural activist Joel Ghansham that he misbehaved. “American Airlines flight 2557, with service from New York (JFK) to Georgetown, Guyana (GEO), returned yesterday (Tuesday) to JFK due to a disruptive customer,” the ...

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ANSA McAL acquires interest in Bahamian Brewery and Beverage Company

ANSA McAL Limited announced on Thursday that it has finalized an agreement to acquire a stake in the dynamic Bahamian Brewery & Beverage Company Limited (BBB). No financial or other statistical details were released in a statement issued by ANSA McAL. The Bahamian Brewery & Beverage Company is a proud, Bahamian owned brewery and non-alcoholic beverage producer located in Freeport, ...

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Public trust in MMG is increasing

Guyanese are increasingly trusting the country’s electronic wallet system, Mobile Money Guyana (MMG), which allows people to send and receive cash or pay bills Online, according to MMG General Manager Bobita Ram. She said 50 percent of GTT’s bill payments were now being done through MMG and more than 35 percent of water and electricity payments are being done through ...

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Guyana gov’t, Indian company ink major EPC contract for natural gas liquids, natural gas-fired power plant

The Guyana government and one of India’s leading engineering companies on Wednesday inked a US$155.99 million contract to provide to provide Engineering Procurement and Construction (EPC) services for  transmission lines and substations for the Natural Gas Liquids plant and the 300 megawatt natural gas power plant at Wales, West Bank Demerara, the Indian High Commission said. The deal was inked ...

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GTT’s conneX bundle scoring big on fibre

GTT’s conneX voice and data bundle for businesses now accounts for 60 percent, as a result of engaging businesses in organisations and the general public,  Chief Operations Officer, GTT’s Business Solutions, Orson Ferguson said Tuesday. He said the voice, data and mobile bundle service on one bill, branded as conneX was developed after “businesses told us this is what we ...

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Caribbean phone companies suffering from “market failure” due to Over-The Top services, Social Media

A recent study shows that telecommunication companies in the Caribbean are operating at a loss due because people are making more calls, mostly international calls,  via Over-The-Top (OTP) services and the majority of data are being consumed through Social Media, according to a senior representative of the Caribbean Association of National Telecommunications Organisations (CANTO). “As Caribbean people, we should reject ...

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Narine, Bond defend Mohameds alleged involvement in transnational crimes

At least two well-known members of the People’s National Congress Reform (PNCR) are defending the Mohammeds- Nazar and his son Azruddin- in the face of an international news agency’s report that they were being investigated by the United States (US) for allegedly being involved in multi-million dollar money laundering, gold smuggling and narco-trafficking. A Reuters News agency report quotes unnamed ...

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Guyana-French Guiana flights planned- French Ambassador; France upgrades diplomatic presence in Georgetown

Cayenne could emerge as a hub for aviation traffic from Europe to the Guianas, and already there is a likelihood of flights from Guyana to French Guiana,  according to France’s Ambassador to Guyana. Nicolás Bouillane de Lacoste. Alluding to the emerging oil and gas sectors in Guyana and Suriname as well as changes in French Guiana he said there was ...

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