News

Reproduced from the BBC News Oil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production. The price of Brent crude jumped by more than 4% to hit $69.50 a barrel at one point, the highest since mid-September. It came after General ...

The Guyana Telephone and Telegraph Company (GTT) on Friday said it has begun increasing its submarine fibre-optic capacity across the Demerara River with the replacement of its cable. “The replacement cable will give added future capacity to services since it consists of 24 strands, as compared to the damaged cable, which had 12 strands,” the company said in a statement. ...

by GHK Lall The word is that the PPP’s number two candidate will be named this weekend. The first thought is that may this one be on the table, where all can see what is going on. The bigger issue is this: does it really matter? Quite frankly, it doesn’t to me, but it is good to stir the national ...

The Guyana Sugar Corporation (GuySuCo) on Thursday called for the release of much needed funds to halt a further decline of the state-owned industry that produced a mere 90,246 tonnes of sugar last year due to mechanical problems, bad weather and strikes. “The industry will continue to face challenges to achieving reliability in the factories if operation capital investments continue ...

Two persons have died on the roads so far for the New Year. Guyana Police Force Traffic Chief, Linden Isles says the first one occurred on the Montrose Public Road, East Coast Demerara at about 1:50 New Year’s morning. The victim has not yet been identified. Mr. Isles said the motorcyclist slammed into the median and died. The second road ...

A rice farmer is now dead after he told two villagers that goats were damaging his rice cultivation. Dead is 36-year-old Chanderpaul ‘Jack’ Dhoman of Lot 28 Johanna North, Black Bush Polder, Corentyne, Berbice. He was killed by one of the men some time between Old Year’s Eve and New Year’s Day at First Street, Johanna North, Black Bush Polder, ...

The opposition People’s Progressive Party (PPP)—citing a decline in consumer spending, high unemployment and increased government borrowing—says if it wins the March general elections, it will not depend on oil revenues alone, but rather, tap into multiple revenue streams to boost the economy. PPP presidential candidate Irfaan Ali said his administration’s strategy would not depend on oil and gas revenue, ...

The United Kingdom-headquartered Tullow Oil on Thursday announced that it discovered oil at the Carapa-1 well with very low sulphur content, unlike its previous discovery that was heavy. The Irish publication, Independent, reported that rig site testing has indicated that the oil has a sulphur content of less than 1pc. Mark MacFarlane, chief operating officer at Tullow Oil, said: “The ...

Politicians in Guyana broke the New Year promising to use Guyana’s expectedoil wealth to fight poverty, while ensuring the emerging petroleum sector is properly governed. Incumbent President, David Granger assured that oil revenues, estimated to begin at US$300 million per year in 2020 from the Liza Phase 1 oil field, would be used to combat poverty among all Guyanese regardless ...

The Guyana Police Force on Wednesday announced its full list of promotions for 2020. Demerara Waves Online News/ News-Talk Radio Guyana 103.1 MHz FM reproduces the full list below: