Economy

The Guyana Sugar Corporation (GuySuCo) on Monday said it offered field and factory workers a 5% increase in wages and negotiations are continuing with the Guyana Agricultural and General Workers Union (GAWU). Refuting a report in the pro-opposition PPP Guyana Times newspaper that GuySuCo’s offer was around one percent, the state-owned sugar corporation said that on February 7, 2020, it ...

Triniyuana, a recently registered company in Guyana, has purchased 2.61 acres of “prime” land at Ogle, East Coast Demerara for more than GYD$52 million to build an AC Marriott-branded hotel. Privatisation Specialist at the National Industrial and Commercial Investments Limited (NICIL), Rachael Henry says the land was sold at more than GYD$26 million per acre, higher than the valuated price. ...

A new five-star 150-room AC Marriott Hotel is scheduled for construction in Guyana this year, government’s National Industrial and Commercial Investments Limited (NICIL) announced on Wednesday. “Trinuyana Investments Incorporated principals are confident that the proposed development will boost the existing architectural and landscape ambience of the Ogle area while providing a sustainable design approach, ensuring that the space remains a ...

The Guyana Bauxite and General Workers Union (GB&GWU) on Saturday said it has made up its mind that its pay dispute with the Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc must be taken to arbitration. Reacting to positions taken by RUSAL representative, Vladimir Permyakov and ahead of a meeting government’s Department of Labour plans to seek with the union, ...

The Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) on Friday denied breaching the country’s labour laws by laying off 286 workers without notice, saying that it is ready to recall the workers when they lift the blockade of the Upper Berbice River. “Our main message to the ministry and to the authorities is that the blockade is an ...

The Ministry of Social Protection’s Department of Labour Thursday afternoon summoned the management of Russian Aluminium (RUSAL)-controlled Bauxite Company of Guyana Inc. (BCGI) to a meeting on Friday to discuss the layoff of a total of 288 workers within the past week without the legally-required notice. Junior Minister of Social Protection Keith Scott, insisting that BCGI has “not properly notified ...

Former Foreign Affairs Minister, Carl Greenidge has slammed former presidential advisor on petroleum, Dr Jan Mangal and an international anti-corruption organisation, Global Witness, for plotting against the incumbent coalition ahead of the March 2, 2020, general elections. Greenidge sought to discredit Mangal before thousands of supporters at an election campaign rally held Monday night at Esplanade, New Amsterdam. “The claim ...

The Guyana Defence Force (GDF) is asking for money to buy helicopters and boats to meet the challenges of an oil and gas state, even as President David Granger says the country’s oil-rich maritime zone faces a serious threat. “As the force continues this transformative process, ocean patrol vessels for the coast guard are necessary, helicopters for the air corps ...

Venezuela is Guyana’s biggest rice market, accounting for 34 percent or 177,682 tonnes of all that grain exported to several Latin American countries the Guyana Rice Development Board (GRDB) said in a statement. This means that despite Venezuela stopping the rice for oil PetroCaribe agreement with Guyana in 2016, a number of private exporters are still selling rice to that ...

People’s Progressive Party Civic (PPPC) presidential candidate, Irfaan Ali on Sunday night vowed that if he wins the general elections in March, he would not tolerate incompetent and corrupt ministers and that his administration would obey the laws and Guyana’s constitution. “I know that I will not be a president that surrounds himself by ministers who are incompetent and corrupt. ...