Business

Reproduced from Belize Breaking News By Aaron Humes: Supreme Court Justice Sonia Young has declined to grant leave to Jack Charles to file for judicial review of a decision by BAHA to decline to allow him to import the three containers full of Guyanese rice sitting at the Big Creek Port. Hours after the ruling, Charles said he was not ...

The Demerara Harbour Bridge Corporation recorded a decline in total income for the year 2015. This information was disclosed by the bridge’s General Manager Rawlston Adams during his presentation at the Ministry of Public Infrastructure’s year-end press conference on Thursday, the Government Information Agency (GINA) reported. In 2014, the bridge received the sum of $567,624,557 for marine toll, vehicular toll, ...

The Hinterland Electrification Programme that is under the purview of the Ministry of Public Infrastructure has achieved much success in supplying electricity across the hinterland, the Government Information Agency (GINA) reported. The company’s Chief Executive Officer, Horace Williams during his presentation at the Ministry’s year-end press conference,  at the Guyana Civil Aviation Authority on Thursday, said that over 6000 households ...

Former Prime Minister, Samuel Hinds Saturday warned that the movement of billions of dollars from a number of state-owned entities and commercial banks to the Consolidated Fund and subsequent spending would once again lead to an economic downturn. “The danger is that it would be used to raise recurring current expenditure to unsustainable (at this time) levels putting us at ...

Despite  a significant drop in gold prices on the world market, and challenges in the mining sector over the past year, the Guyana Gold Board (GGB) has recorded 451,490 ounces of declared gold, surpassing this year’s target of 380,000 ounces, government announced Thursday. With the declarations, the GCB has recorded export earnings of approximately US$500 million, making the mineral, once ...

The Ministry of the Presidency Thursday announced the re-establishment of the Ministry of Natural Resources and the establishment of a new one called the Ministry of Telecommunications. Making the official announcement that Minister of Tourism, Catherine Hughes will now be named Minister for Public Telecommunications, while maintaining Ministerial responsibility for Tourism, President Granger said, “The reason is that after seven months, ...

Public Infrastructure Minister, David Patterson Thursday said he saw no reason to send the Chief Executive Officer of the Guyana Power and Light (GPL), Colin Welch on leave while a probe into alleged irregularities for the procurement of pre-paid meters was ongoing. “I have not found it necessary to move him until that investigation is completed and if you are ...

The Guyana government has taken possession of a hangar at the Cheddi Jagan International Airport after the lease to Guyanese cash-jet pilot, Khamraj Lall, expired. Minister of Public Infrastructure, David Patterson said Lall’s representatives had written to the Attorney General, Basil Williams claiming that they still had a stake in the property but was told that the clear condition on ...

The Guyana Defence Force (GDF) is to acquire another offshore patrol vessel, a decision that has been partly influenced by impending commercial oil production in a deep sea concession, Chief-of-Staff Brigadier Mark Phillips said Thursday. “I would say that the soon to be drilled well and exploitation itself perhaps would have accelerated the need for the acquisition of more vessels ...

Opposition Leader Bharrat Jagdeo says that the People’s Progressive Party (PPP) will “vigorously oppose” any plans or recommendations dismantle the Guyana Sugar Corporation (GuySuCo). According to Jagdeo, the PPP will “vigorously oppose any plan to dismantle GuySuCo, adding that “the country will not suffer because of political decisions in the economic sphere.” The former President was at the time speaking ...