Business

Sugar workers are from Friday, April 1, 2016 expected to receive 2.72 days pay as an Annual Production Incentive (API), a decision that the Guyana Agricultural and General Workers Union (GAWU) has labelled “uncompromising.” A spokeswoman for the Guyana Sugar Corporation (Guysuco) told Demerara Waves Online News that the pay-out will cost the sugar producer  GYD$184.61 million The union said ...

Guyana’s Prime Minister, Moses Nagamootoo and Minister of Business, Dominic Gaskin Tuesday night distanced themselves from the now rescinded appointment of Brian Tiwari as ministerial advisor on business development. “I only know what I read in the papers,” Gaskin said, adding “that’s telling you a lot.” He said he only knew that the appointment was revoked during an interview with ...

Under intense criticisms from certain quarters, the Ministry of the Presidency announced  that Brian Tiwari’s appointment as Business Adviser to the government has been scrapped. “The appointment of Mr. Brian Tiwari as Ministerial Advisor on Business Development has been rescinded,” the Ministry of the Presidency said in a statement. The People’s National Congress Reform (PNCR), which is the major constituent ...

The President of the West Berbice Chamber of Commerce, Imran Sacoor on Saturday urged government to provide concessions to rice farmers, amid concerns about the devastation to hundreds of acres of paddy caused by the prolonged drought. Addressing the formal opening of the first West Berbice Business Expo being held at the Bath Settlement Community Centre Ground under the theme ...

Five days after Guyana’s first Local Government Elections in more than 20 years, Guyana’s President David Granger on Thursday announced plans to promote the creation of capital towns in interior regions and he called for all municipalities to generate their own funds and become self-sustainable. “Municipalities must be capable of weaning themselves off of government subvention and earn their keep. ...

Although Venezuela has stopped buying rice from Guyana, government here believes that rice producers in Berbice are shuttling supplies across to Suriname for onward shipment to the Spanish-speaking nation which offers higher than world market prices. Minister of Natural Resources, Raphael Trotman said based on casual observations rice production in Berbice has increased and locally produced grain is making its ...

Even as a Guyanese businessman awaits trial in the United States for alleged money laundering, the Guyana government on Thursday could not give a clear-cut commitment on whether it would discontinue purchasing heavy duty machinery from the company headed by the suspect. Minister of Natural Resources, Raphael Trotman, when asked at a post-cabinet news conference, whether government would stop buying ...

The Guyana government has been told that it should consider buying its own fleet of aircraft because it is too expensive to charter planes to shuttle government officials across the country and overseas, a senior government official said Wednesday. Minister of Natural Resources, Raphael Trotman, who  hosted a post-cabinet news briefing,  said he was unaware of a plan by the ...

In the wake of an announcement by the Guyana Sugar Corporation (Guysuco) that it cannot afford to pay wage and salary increases for last year, the two unions said their next move would be to await the outcome of talks next weeks. President of the Guyana Agricultural and General Workers Union (GAWU), Komal Chand said he was waiting on the ...

The Guyana Government is urging that the local private sector get ready to cash in on the opportunities that will be made available to them as Guyana’s celebrates 50 years of Independence in May 2016. This was the message delivered to an audience of tourism and private sector stakeholders as Tourism Minister Cathy Hughes launched Guyana’s 50th anniversary celebrations at ...