Business

A prominent city businessman and major Guyanese investor in the oil and gas sector on Sunday publicly denounced the opposition for claiming that there is apartheid and he instead lauded President Irfaan Ali’s One Guyana agenda. In clear reference to A Partnership for National Unity+Alliance For Change (APNU+AFC) claims of racial segregation and discrimination against Afro-Guyanese, Nicholas Deygoo-Boyer criticised the ...

The Demerara Harbour Bridge said its engineers and technical staff are currently working on getting the bridge back in alignment, after a tug, with two sand-laden barges , hit the structure late Sunday morning. In a statement issued shortly after  3PM Sunday, the bridge’s management said at the moment, the team is working to repair retractor span 9 after a ...

Guyana is expected to earn US$1.1 billion from 13 lifts as its entitlement from the ExxonMobil-led consortium due to the Russia-Ukraine war, Esso Exploration and Production Guyana Limited (EEPGL), according to the Ministry of Finances mid-year report. “Government is now projected to earn US$1.1 billion as revenue from the sale of our share of profit oil, and US$147.7 million in ...

Fire Saturday night destroyed a huge Chinese supermarket in the southern Guyanese town of Lethem. No details were immediately available, but available video footage shows fire fighters battling the flames with the assistance of one tender. The name of the supermarket is China Star. Fire Chief Gregory Wickham told Demerara Waves Online News that up to very late Saturday night ...

Even as Vice President Bharrat Jagdeo on Thursday officially refused to pay GY$50 million in compensation to the Chairman of the International Decade for People of African Descent (IDPADA-G) Vincent Alexander for allegedly libeling him, that government-funded agency has handed over an audit report, saying it would prove that an estimated GY$500 million was not misspent. “Our client unreservedly rejects ...

United Kingdom parliamentarian David Lammy has turned down his selection to sit on Guyana’s Natural Resource Fund (NRF) Board, government here announced on Tuesday. Mr Lammy has been replaced by Guyanese economics professor, Compton Bourne who is a former President of the Caribbean Development Bank (CDB). President Irfaan Ali did not give specific reasons for Mr Lammy’s decision to bow ...

The International Decade for People of African Descent Assembly- Guyana (IDPADA-G) has dismissed Vice President Bharrat Jagdeo’s allegations of “misuse” of state-funds for the benefit of the directors and the opposition, saying that his motive appeared to be to scuttle planned talks with President Irfaan Ali. Chairman of IDPADA-G, Vincent Alexander said the GY$68 million received in 2018 and $100 ...

Two Guyanese fishermen are among four who were rescued on Friday off the coast of Suriname. Starnieuws reports that they were rescued by a seismic vessel whose crew saw the fishing boat drifting about 25 nautical miles from the coast today. The owner of the boat had filed a missing persons report after being unable to contact the fishermen since ...

Customs agents of the Guyana Revenue Authority (GRA) on Thursday seized  three motor vehicles laden with a large quantity of uncustomed chicken. GRA says its  Law Enforcement Investigations Division agents made the seizure at Cane Grove, Mahaica, East Coast Demerara. According to GRA, at a separate location in the said village, its Officers also seized a large quantity of alcoholic ...

Minister of Education Priya Manickchand on Wednesday warned that contractors who fail to complete the rehabilitation and construction of schools and other education facilities would have to pay compensation to the government. Indicating that she has to respond to critics, she said she would be harsher and more vigilant on delivery of projects. “That will see us doing things like ...