Business

The University of Guyana’s (UG) likely rental of a five-storey building at the corner of Lamaha and Camp Streets, Georgetown has sparked off criticisms from a number of lecturers, but senior administrative academics are justifying the rental of another building off the Turkeyen Campus. “The justification for renting a building by a cash-strapped university is, for instance, at least 20 ...

The prime suspect, who last Sunday morning broke into the Variety Store of Bartica’s Deputy Mayor, Kamal Persaud, and carted off several valuable items worth GYD$3.2 million dollars, was Tuesday morning arrested. Persaud praised police and residents of Bartica for collaborating in apprehending the suspect who once lived at Cool Breeze which was recently affected by a fire and later on ...

The former General Manager of the New Guyana Marketing Corporation (NGMC), Nizam Hassan and a number of Directors of a Trinidadian construction company were Monday charged with alleged fraud based on the findings of a forensic audit. Hassan , which is currently the General Manager of the Guyana Rice Development Board, is jointly charged with Ministry of Agriculture Engineer, Hanniel ...

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 ...