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Business

CARICOM Chairman should ask CDB Board of Governors for urgent meeting on action against bank’s President

BRIDGETOWN, Barbados, Apr 15, CMC – Former Montserrat premier Reuben Meade Monday said he found it “rather interesting” that subordinate body within the Barbados-based Caribbean Development Bank (CDB) had been able to send the president of the financial institution on administrative leave. “It is like the tail wagging the dog. As a matter of fact it is like fleas controlling ...

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PNCR Chairman refutes claim of missing computer with membership register

People’s National Congress Reform (PNCR) Chairman, Shurwayne Holder dismissed claims that a computer processing unit (CPU), with the the list of registered members, disappeared from an office at Congress Place, that party’s headquarters. “The CPU from the membership department of Congress Place went missing from the room and was not recovered and returned up to the time people left the ...

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Guyana to hire Cuban engineers to stabilise electricity sector

President Irfaan Ali on Friday announced that government has turned to Cuba for engineers to help manage the Guyana Power and Light’s (GPL) electricity system. He said government has approved GPL’s hiring of 10 additional engineers with the “relevant skills” to ensure maintenance and reliability of the system. “They have very skilled technical personnel who they are willing to deploy ...

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ExxonMobil Guyana moves forward with sixth offshore development

-Whiptail project receives government approvals; production targeted to begin in 2027 -Sixth Stabroek block development will add capacity of 250,000 barrels of oil per day -$12.7 billion of additional investment in Guyana’s growing economy SPRING, Texas – ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the ...

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Four arrested for chicken, liquor, beer smuggling- GRA

Four persons were arrested at Annandale, East Coast Demerara in connection with two minibuses and a large wooden boat laden with suspected smuggled liquor, beers and chicken, the Guyana Revenue Authority (GRA) said Thursday. The arrests and seizure were made on Wednesday, April 10, 2024. The GRA said spiritous liquor, Heineken beers and Rockingham chicken were found at the scene ...

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Guyana refuses to pay gas-to-energy contractor for delayed handover of worksite

The Guyana government is rejecting a US$50 million demand by American joint venturers, CH4/LINDSAYCA, for a three-month delay in the installation of electricity generators as part of the 300 megawatt natural-gas fired power plant because other contractors took too long to complete related works. He said CH4/LINDSAYCA wants more time to install four gas turbines of 57 megawatts each — ...

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Guyana to hire Turkish barge to ease blackouts

The Guyana government is finalising a deal with a Turkish company to rent a 36 megawatt barge, in an effort to satisfy peak electricity demand at a time when several generators are giving trouble, Vice President Bharrat Jagdeo said Thursday. Peak electricity demand in the Demerara-Berbice Interconnected System (DBIS) is just over 170 megawatts but existing generators are pushing just ...

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Truck driver charged for accident that left Traffic Chief injured

The driver of a truck belonging to an Indian construction company, which slammed into a police vehicle and injured the current Guyana Police Force’s Traffic Chief, Superintendent Mahendra Singh last year, has been charged with dangerous driving. The driver, 29-year old Romel Benjamin of  15 Lovely Lass Village West Coast Berbice, was charged and arraigned on January 10, 2024, five ...

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High Court orders Trevor Benn-led Public Service Coop Credit Union management team to take office; Van Sluytman vows to take legal action

The High Court on Monday ordered the recently-elected 12-member Management Committee of the Guyana Public Service Cooperative Credit Union (GPSCCU) to take up office and so replace the Karen Van Sluytman-Corbin-led previous committee. “We are addressing that with our lawyers,” she told Demerara Waves Online News when asked if an injunction would be sought along with a new court case. ...

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