Economy

Residents of more than 27 villages along Belfield, East Coast Demerara, to Rosignol, West Coast Berbice, can look forward to improved road access and connectivity as the Ministry of Public Infrastructure (MOPI) moves to start a technical and economic feasibility study for the redesign of the road network. The redesign feasibility study for that stretch of the road will be ...

Attorney-at-law and Chartered Accountant, Christopher Ram on Friday asked the High Court to block the award of government contracts worth more than GYD$15 million. Through his lawyers, including Anil Nandlall, Ram also wants the High Court to declare that all such contracts that were awarded since the no-confidence motion was passed on December 21, 2o18 were “unconstitutional, unlawful, null, void ...

The United Company Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana, Inc. on Monday called on striking workers to stop blocking the upper Berbice River and allow bauxite-laden barges to pass in exchange for the reinstatement of 61 workers, officials said. Government’s Chief Labour Officer, Charles Ogle and Junior Minister of Labour, Keith Scott said the company has tabled proposals to ...

Russian aluminum giant, RUSAL, has suspended bauxite production in Guyana and moved its equipment to a warehouse for protection, the Russian news agency, Sputnik, reported Sunday. “At the moment, the activities of the mining department are still suspended; equipment has been moved to a warehouse and is under protection,” the spokesperson was quoted as saying. Aggrieved workers began blocking the ...

As the Labour Department hopes to meet with the management of the Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Incorporated (BCGI) and the Guyana Bauxite and General Workers’ Union (GB&GWU) in yet another move to reinstate 61  dismissed workers, government is considering whether to shut down the operations. Minister of Natural Resources, Raphael Trotman said “we are very disappointed and ...

South Africa and Guyana on Friday inked a wide-ranging declaration that could see this country benefitting in a range of areas. Signed by South Africa’s Deputy Minister of Mineral Resources, Godfrey Oliphant and Minister of Natural Resources, Raphael Trotman, the declaration provides for that southern African nation to assist Guyana with mapping among other areas. “At the invitation of the ...

The Guyana Manufacturing and Services Association (GMSA) on Thursday reiterated the need for cheaper electricity, a call that was backed up by the Inter-American Development Bank (IDB). President of GMSA, Shyam Nokta issued the call for a reduction in taxes on fuel at the formal opening of his organisation’s Annual General Meeting held at the Marriott Hotel. “Tax measures introduced ...

The Guyana Bauxite and General Workers’ Union (GB&GWU) on Wednesday reinforced its demand for a two-week old industrial dispute to be settled by  arbitration, even as aggrieved workers blocked the Berbice River where barges collect bauxite. GB&GWU General Secretary, Lincoln Lewis said he formally asked Senior Labour Minister, Amna Ally to activate compulsory arbitration whose findings and recommendations would be ...

The state-owned Guyana Gold Board (GGB) is further decentralising its operations by deploying roving representatives in mining communities, General Manager Eondrene Thompson announced Monday. The GGB’s main office is located in Georgetown and a satellite office in Bartica, in addition to agents who are licensed dealers. But Thompson said her entity wants to buy all of the precious yellow metal ...

The Georgetown Chamber of Commerce and Industry (GCCI) on Monday reported that its members have so far experienced a significant decline in business activity due to political uncertainty associated with the no-confidence motion. GCCI President, Deodat Indar told Demerara Waves Online News that a two-question questionnaire was administered online to its 240 members. However, Indar did not state how many ...