Business

Guyanese may have to endure more blackouts for the Christmas season because transmission and distribution workers on Monday began strike action to press demands for higher salaries. The Guyana Power and Light (GPL) could not immediately say what contingency plans are in place to deal with the possible impact of the strike on electricity supply. The industrial action comes at ...

A Guyanese company that holds the local franchises for several American fast food chains plans to invest in the agriculture sector for the supply of produce to its latest addition, Pollo Tropical. Managing Director of CAMEX Limited, Terrence Campbell said 90 percent of the meat, fish, provisions, rice and vegetables are being bought locally for Pollo Tropical’s dishes. “It’s not ...

Governor of the Bank of Guyana, Dr. Gobind Ganga says central bank’s figures do not show any evidence of dirty money being passed through the financial sector. “We don’t know about any dirty money,” he told a news conference when asked by Demerara Waves Online News. Ganga said the Bank of Guyana has the capacity track informal sector activities, but ...

Motorists crossing the Demerara Harbour Bridge will now have to pay between 100 and 300 percent increase in tolls from January 1, 2017, immediately sparking off a call by the People’s Progressive Party Civic (PPPC) for the new fees to be withdrawn. “The Office of the Leader of the Opposition views the astronomical increases in the tolls to cross the ...

Several villages across Guyana that Finance Minister, Winston Jordan says have been neglected during the past 20 years, will benefit from a US$12.43 million programme to help revive their agricultural production to supply local and Caribbean markets. The Caricom Development Fund says it is providing US$10.4 million and the Guyana government US$2 million towards the project that initially targets 175 ...

FEARS that there could be a shortage of rice in the country were Tuesday quelled by Minister of Industry and Commerce Karl Samuda who announced that imports from Guyana and Suriname will be allowed into the market, the Jamaica Observer reported. The Jamaica Customs Agency (JCA) on Monday temporarily ceased the clearance of rice at all ports of entry, pending test ...

Several bandits, armed with assault rifles and shotguns, early Monday morning invaded the home of a money changer and carted of GYD$20.5 million in Guyanese and other currencies, police said. Dressed in American camouflage suits, five of the 15 bandits entered the house through window from a shed leading to the window at 93 Albert Street, 79 Village Corentyne at about ...

The President of the Guyana Manufacturers Association (GMSA), Eon Caesar died Friday afternoon in neighbouring Trinidad after a brief but severe illness. He was 47 years old. Executive member of the Private Sector Commission (PSC), Ramesh Dookhoo said Caesar died in a hospital in the twin-island republic where he had been on life support. Dookhoo praised Caesar for his contribution ...

Finance Minister, Winston Jordan on Friday declared that he does not believe in granting concessions, but instead prefers to lower taxes over a period of time. Wrapping up the National Assembly’s debate on the GYD$250 billion budget for 2017, Jordan said he has long told the Private Sector Commission (PSC) that they should not go to him for concessions. He ...

Almost 100 sacked workers at the Guyana Sugar Corporation’s (Guysuco) Wales Estate  have received GY$80.1 million in severance pay, Prime Minister Moses Nagamootoo announced on Friday. He said after the monies were paid to the 93 former workers at the Wales Estate, the Guyana Agricultural and General Workers Union (GAWU) that had brought a court case against the company for ...