Business

A Dutch firm has been selected to conduct a feasibility study for the construction of a new fixed high-span bridge across the Demerara River. Minister of State, Joseph Harmon said Leivencse CSO’s feasibility study will examine the possibility of a public-private partnership. “This is the final stage of feasibilities before you actually get to construction,” Harmon told a post-cabinet news ...

Minister of Finance, Winston Jordan, and outgoing Ambassador of the People’s Republic of China, Zhang Limin on Wednesday signed a Framework Agreement for a concessional loan from the Exim Bank of China for the widening of the East Coast Demerara road. The signing took place at the Ministry of Finance in the presence of Minister within the Ministry of Public ...

A security guard at Hand-in-Hand Trust was shot and injured during an attempted robbery on the business premises located on Middle Street, Georgetown. A foreign exchange cambio operates out of that location. ‘A’ Division Commander, Assistant Commissioner Clifton Hicken said the driver of a car that was allegedly used in the robbery was arrested on Mandela Avenue. The vehicle has been lodged. ...

Workers in the private sector will from January next year get a more than 26 percent increase in their wages and salaries, government announced Wednesday. The new minimum wage is now GYD$255 per hour, up from GYD$202. Minister of Social Services, Volda Lawrence accepted a recommendation by the Tripartite Committee to hike the minimum wage from January 1, 2017. The ...

Secretary to Homestretch Development Inc; Larry London on  Tuesday declined to disclose the amount of donations that that company had received for the development of D’urban /Jubilee Park. London, who is the Company Secretary, instead referred all questions to Public Infrastructure Minister, David Patterson although he conceded that he did not authorize him to speak on the matter. London, who ...

Communities Minister, Ronald Bulkan said government is not inclined to provide a $600M “bailout” for City Hall, the Government Information Agency (GINA) reported Tuesday. The money that the Georgetown municipality seeks is to assist the cash-strapped town to meet expenses and pay creditors. However, Minister Bulkan said Government will not bailout the municipality. The Minister was speaking at an engagement ...

Despite a parliamentary motion in the National Assembly Monday night demanding answers on the financial arrangements surrounding the D’urban Jubilee Park, government was not inclined to provide all the answers demanded by the political opposition. Public Infrastructure Minister David Patterson did however provide some answers to questions asked within the motion, but these answers, according to Opposition MP Juan Edghill, were ...

Public Health Minister, Dr. George Norton has been sent to the Parliamentary Privileges Committee for allegedly misleading the House about the rental of pharmaceutical bond from a city businessman. Ruling on a motion tabled by Shadow Health Minister, Dr. Frank Anthony, House Speaker Dr. Barton Scotland ruled that there was sufficient evidence to take Norton to the disciplinary body. Attorney ...

Guyana’s African Business Roundtable- an organisation that aims to develop sustainable Afro-Guyanese businesses in partnership with government- was Friday night launched with government in turn pledging its support. Prime Minister, Moses Nagamootoo said government welcomes the establishment of the Afro-Guyanese business chamber, saying that African empowerment and self-empowerment have eluded the country for so many years.  He said efforts should ...

United States (US) President, Barack Obama on Saturday recognised the contribution of a young Guyanese lady  in her homeland in the area of care for the elderly, in his address at a Town Hall meeting in Peru. “We need leaders like Abbigail Loncke of Guyana; Abigail are you there? So after struggling to find her own grandfather a home care, Abigail ...