Business

Opposition Leader Bharrat Jagdeo has huge expectations of the APNU+AFC administration relative to the 2016 Budget slated for presentation on Friday January 29. Jagdeo at a press conference on Wednesday read out some of his expectations on what he hopes to see as part of the 2016 Budget. Those include salary increases and tax reductions. He said that there should ...

Former Minister of Natural Resources and the Environment, Robert Persaud and his wife have set up a company in Florida to “conduct any and all lawful business.” According to incorporation records seen by Demerara Waves Online News, registration for I-Power Services Inc. was filed on February 10, 2015, three months before the May 11, 2015 general and regional elections. Since ...

The Head of the National Industrial and Commercial Investments Limited (NICIL), Winston Brassington has taken control of a pallet-manufacturing company in Miami, Florida, according to records seen by Demerara Waves Online News. Brassington’s taking over of A 1 Pallet Supply Inc. has come at a time when he should have been back in Guyana already from leave that he proceeded ...

Home owners are set to get some relief as the Housing Department’s,  Central Housing and Planning Authority (CHPA) is moving to correct the badly constructed houses provided under the ‘Turn key Homes’ project at Providence, East Bank Demerara, according t the Government Information Agency (GINA). Over the years, beneficiaries have been complaining about the shoddy work which was done on ...

A University of Guyana Lecturer has invented technology that could use cactus to help deal with oil spills. Lecturer in the Department of Chemistry, University of Guyana, Dr Dawn Fox, has been listed as an inventor on US Patent 9,163,374 issued October 20, 2015, the institution announced Tuesday. “The patent was issued for an innovative technology: using cactus mucilage as ...

The President of the Federation of Independent Trade Unions of Guyana (FITUG) and the Guyana Labour Union,  Carvil Duncan was Tuesday placed on GYD$1M bail in connection with three charges in his capacity as a former board member of the Guyana Power and Light. Police alleged that on March 31, 2015 at Georgetown, he stole GYD$984,900, property of GPL; on the same day at Georgetown, he ...

Farmers at Hope Estate and other areas will soon be able to cash in on the sale of seasoning to be processed by a facility there for local and foreign markets. “This initiative will be benefit the farming communities and also provide employment. The company is currently in its mobilization stage to begin processing,” NAREI said in a statement. The National ...

Guyana’s company registry is expected to be among several others across the Caribbean Community (Caricom) Single Market and Economy (CSME) that are set to go online this year. The Caricom Headquarters said this development stems from an ongoing project funded by the 10th European Development Fund to create an online regional registry of companies. “This will serve as a central repository ...

Demerara Timbers Limited said it has corrected a safety defect to its sawmill and will soon resume operations and reinstate the over 40 workers it was forced to temporarily layoff, the Ministry of Natural Resources said Monday night in a statement This was communicated to officials of the Guyana Forestry Commission (GFC) when they met with DTL personnel on Monday. Changes ...

A serious drug shortage has hit Guyana’s public health sector countrywide because of insufficient funds at the Georgetown Public Hospital Corporation (GPHC) and the incapability of the 10 administrative regions to buy their own supplies after the 2015 National Budget was passed in August last year. This was told Monday to the National Assembly’s Public Accounts Committee (PAC) by top ...