Business

Investigations are continuing into a fire that destroyed a multi-million Guyana dollar excavator at RUSAL’s mining operations at Kurubuku last week, sources said. So far the probe has revealed that the fuel line leaked, resulting in the flammable substance coming into contact with the engine. No one was injured during the blaze that occurred at about 11 AM on January 21, ...

The Guyana Trades Union Congress Sunday called on government to stop giving lip-service to social cohesion and the constitutional right to participatory decision-making and instead hold wide-ranging consultations with sugar workers and the community of Wales about plans to close the sugar estate there. “Consistent with Article 13 there cannot be a plan for any community without the involvement of ...

The Chairman of the Board of Directors of Banks DIH Limited, Clifford Reis Saturday evening defended the sale of the company’s shares in Banks Holdings Barbados to SLU Beverages, a subsidiary of Brazil’s Ambev, saying it was a wise business decision. One of the written questions posed at the company’s 60th Annual General Meeting held at Thirst Park was why ...

Investment analysts at Clarus Securities reduced their FY2016 earnings estimates for shares of Guyana Goldfields in a research report issued to clients and investors on Tuesday, according to Zacks Investment Research. Clarus Securities analyst J. Spratt now expects that the firm will post earnings of $0.26 per share for the year, down from their previous estimate of $0.31. Several other ...

Euronews has announced it will be extending its reach in the Caribbean thanks to a deal with Digicel Play in Jamaica and Trinidad & Tobago. Euronews’ English service will be fully available for the first time in Jamaica thanks to Digicel Play and will extend its distribution in Trinidad& Tobago thanks to Digicel. Euronews is currently broadcast to 722,000 households in the ...

Urban entertainment and global media group, TRACE, has inked an agreement with total communications and entertainment provider, Digicel, making TRACE Urban, the first international urban music channel, and TRACE Sport Stars, the world’s premier sport celebrity channel available on Digicel Play, its fibre TV service in Jamaica and Trinidad & Tobago. In a statement issued by Digicel, the company says ...

The Guyana Telephone and Telegraph (GTT) appeared set to go ahead with offering a voluntary retirement package of a 100 percent payout of pension contributions to employees who are 55 years old and have served the company for at least 10 years. In a statement issued by the telecoms provider, no mention was made of giving into the demand by ...

The Mon Repos branch of the Bank of Baroda was Friday afternoon robbed by three masked men armed with a handgun, Head of the Criminal Investigations Department, Senior Superintendent Wendell Blanhum said. The five-minute incident occurred at about 12:50 PM. He said the RK Security Guard, who was on duty at the time, was relieved of her .32 service firearm. Police ...

Scores of sugar workers that are attached to the Wales Estate descended on Parliament Buildings on Thursday afternoon in staunch protest of a decision by the Guyana Sugar Company (GuySuCo) to shut down the estate. They shouted “Don’t Close Wales,” “We need sugar,” “Long live Wales Estate” and “Dont close no estate,” while their placards read “No to the closure ...

A strong supporter of the Alliance For Change and businessman Robert Babal has been named  Chairman of the Board of Directors of the Guyana Power and Light (GPL). Badal, the owner of the Pegasus Hotel in Georgetown, is a known supporter of one of the governing political parties in the coalition and even spoke at election campaign events. In recent ...