Business

Police Friday managed to quell unrest by illegal gold miners at Konawaruk after police and mines officers ordered them to stop extracting the precious metal at concessions owned by Tesouro Resources. The illegal miners had cut down trees and blocked a road at Konawaruk to prevent the entry and exit of vehicles and supplies to legal operations in the area. ...

The Guyana government is poised to grant permission to Fly Allways to operate scheduled flights to Guyana with connections to Brazil and the Caribbean, a top aviation regulator said. “We have received an application from Fly Allways and we have processed that application and we have made a favourable recommendation to our subject minister to take to Cabinet,” the official ...

(TRINIDAD GUARDIAN).- Guyana is looking at T&T’s model of hot pepper production and the sharing of production of marketing information and exchange facilities by Caroni Green Limited (CGL) and personnel from the Agriculture Committee of the Private Sector Commission (PSC) of Guyana. This follows a visit by Beni Sankar, chairman of the PSC’s Agriculture Committee, who visited CGL’s Mon Jaloux farm ...

Government has stopped providing additional monies to the University of Guyana’s Student Loan Fund because there is sufficient cash for another two years, even as Cabinet continues a so far secret paper to recover more than GYD$10 billion in unpaid loans. “The student loan agency has accumulated enough money for the fund to now revolve so the fund is revolving ...

Public Health Minister, Dr. George Norton Monday could not rule out sole-sourcing of drugs and medical supplies, although he said the aim is to have open competitive bidding. Responding to questions from Dr. Frank Anthony, a medical doctor, during consideration of the 2016 budget estimates, he said no guarantee could be given that government would not purchase drugs from one ...

The Guyana Sugar Corporation (Guysuco) Friday warned that it would shut down operations for the current crop if workers do not stop their weekly strike action, even as the cash-strapped entity reluctantly agreed to take a pay-dispute to arbitration. “Such behaviour by the Union would leave the Corporation with no alternative but to put a halt to the current crop until ...

The People’s Progressive Party (PPP) is peeved at the continued operations of the Special and Organised Crime Unit (SOCU) while it remains under the auspices of the Ministry of the Presidency. The latest incident as revealed by Former Attorney General Anil Nandlall was the raid of the Kitty home of a businessman in the wee hours of Wednesday morning. Nandall ...

Government is negotiating a package with Guyana Goldfields to compensate for environmental degradation caused by the mining of gold at Aurora Gold Mines, Minister of Natural Resources Raphael Trotman announced Tuesday. Questioned by People’s Progressive Party Civic (PPPC) parliamentarians during consideration of the estimates for the 2016 National Budget, Trotman declined to say how much money is being proposed. He ...

The High Court has blocked a man from using a hangar at the Cheddi Jagan International Airport  Corporation (CJIAC) to continue the operations of Exec Jet Club which is owned by a Guyanese pilot now facing charges in the United States for bulk cash smuggling and cocaine trafficking. High Court Judge, Dianna Insanally, in the course of ruling, said Deolall Gangadin ...

Guyana Thursday night hailed healthy signs in the international gold price for the first time in seven years. Making his contribution to the 2016 National Budget Debate, Minister of a Natural Resources, Raphael Trotman noted that gold has reached about US$1,200 per ounce. On the London Fix, the price for the precious metal closed at US$1,241 per ounce. Guyana is ...