Business

The National Communications Network (NCN) has sought to clear the name of its former Chief Executive Officer, Molly Hassan, saying that she was not implicated in any financial irregularities. “NCN is satisfied that Ms. Hassan always executed her duties with financial rectitude,” the state-owned radio and television broadcaster said in a statement. Sections of the NCN audit report have raised ...

The National Communications Network (NCN) on Tuesday dismissed claims of a conflict of interest in writing off  a  GYD$2 million debt owed by  Merundoi whose principal is Board Director, Margaret Lawrence. The company said Merundoi’s proposal on April 4, 2016 had entailed the payment of GYD$250,000, plus allowing NCN access to two previous seasons of programme content of “Merundoi”  Radio Serial ...

The woman, whose daughter was shot dead in Brooklyn, New York last month,  is now set to travel to the United States (US) to say final goodbye to 16-year old Shemel Mercurius. Lovern Williams-Oliver praised Mark Benschop of the Benschop Foundation for assisting her with completing the visa application form and approaching Fly Jamaica to secure a return ticket. “He is ...

The People’s Progressive Party  (PPP) on Monday brushed aside suggestions that it used its advantage of incumbency to secure free political advertisements on  Guyana’s National Communications Network (NCN) for the 2011 and 2015 general election campaigns, and said it was up to the company to submit its invoices. “We have asked for the data, we have asked for the invoices. ...

A burgeoning Guyanese Information Communications Technology (ICT) company has secured financing for a project of its choice. Directory.GY is one of five winners of the PitchIT Caribbean Challenge which wrapped up on Saturday in Montego Bay, Jamaica. The lone Guyanese mobile application triumphed over 20 other regional mobile applications for one of the five coveted spots that would secure start-up ...

Guyanese on Sunday began paying more for gasoline, diesel and kerosene as the price on the world market continued to increase slowly, the state-owned Guyana Oil Company (GuyOil) has announced. “Consistent with the trend in the world market Guyoil, wishes to announce a movement in prices at its pumps,” said the oil company.  In Georgetown, the retail price for gasoline ...

The then People’s Progressive Party Civic (PPPC)-led administration paid out  GYD$28 million to 35 persons over a four-year period from the National Communications Network (NCN) to perform duties on instructions from the Office of the President. The auditor, Parmessar Chartered Accountants, recommended that action be taken to recover the money that was paid to the monitors, but no specific process ...

The People’s Progressive Party Civic (PPPC) was not invoiced for more than GYD$22 million in political advertisements for the 2011 and 2015 general elections on the state-owned National Communications Network (NCN), according to a forensic audit report released Friday by the Finance Ministry. That figure includes almost $13 million in ads that were played free of cost for the 2011 campaign ...

MOSCOW (Sputnik) – The Russian state arms exporter Rosoboronexport has held talks on supplying Russian defense systems to the Co-operative Republic of Guyana with the country’s leadership, the corporation said Friday. Talks between the Rosoboronexport delegation, headed by deputy chief executive Sergei Goreslavsky, and the political and military leadership of the Co-operative Republic of Guyana were held in Georgetown with the aim of establishing and developing contacts ...

In a move aimed at triggering increased demand for data services and compensating for an expected decline in revenues from regular telephone calls, the Guyana Telephone and Telegraph Company (GTT) on Wednesday launched free 4G access to more than 20 information-based websites. The phone company also offers unmetered Facebook and WhatsApp usage. GTT’s Chief Commercial Officer, Gert Post expects that ...