News

Guyana should not be too excited about saving a huge amount of its oil revenues in a Sovereign Wealth Fund (SWF) because there are risks such as the loss of future value of monies, Distinguished Economics Professor Clive Thomas said. “A dollar now is worth more than a dollar in the future so we are trading real benefit when we ...

President of the Guyana Teachers’ Union, Mark Lyte said the long-running pay dispute with government might be headed for arbitration, even as he Friday prepared to officially inform the Ministry of Education  that teachers would embark on strike action later this month. Denying that the GTU had agreed that the Ministry of Education should hire a specialist to calculate how ...

The Guyana Court of Appeal on Thursday dismissed Attorney General, Basil Williams’  request for a stay of execution of a High Court order that compels him to activate the Judicial Review Act (JRA) saying that he appeared bent on frustrating and obstructing people from accessing a wider array of legal remedies for the first time. “I hold that the Applicant ...

Skilled employees recently laid off from GUYSUCO’s closed or downsized estates were given the opportunity to turn their technical training towards employment in the mining sector, as Guyana Goldfields Inc./Aurora Gold Mines Inc.  conducted a five-day recruitment exercise recently. “The recruitment team endeavoured to secure the services of these employees in a continuation of the Company’s commitment to hire skilled ...

The Guyana Teachers’ Union on Thursday decided to take strike action after the latest round of pay talks broke down again, in just under two years, union President Mark Lyte said. “The way forward is that we are now mandated by our members to take industrial action commencing from the pre-term and will  very well lead into the first week ...

Minister of State, Mr. Joseph Harmon, who also serves as the Secretary to the Defence Board on Thursday said that the Government of Guyana is committed to providing the necessary resources and equipment to the Guyana Defence Force (GDF) so that it can effectively fulfil its mandate as he commissioned two new Islander planes for the Force’s Air Corps, government ...

The Guyana Fire Service (GFS)  Thursday night confirmed that there were no locks or chains on any of the emergency exit doors at the Pegasus Hotel, a position that the hotel stated categorically. “The evacuation was orderly and swift as smoke alarms in every room alerted guest. At no time were any locks on exit doors as there is never ...

There is no evidence that  Haitians are being trafficked through Guyana to French Guiana, but authorities here are focussing on possible trafficking of Venezuelans, Minister of Citizenship and Immigration Winston Felix said. “First of all, you are assuming that given the numbers of Haitians there is trafficking. We have not suspected any trafficking of Haitians in Guyana, through Guyana or ...

The Working People’s Alliance (WPA) on Thursday said if A Partnership for National Unity (APNU) refuses to meet to discuss and work out arrangements for direct transfers of oil wealth to the poor Guyanese, it will whip up support among ordinary people to put pressure on government to accept and implement the idea. “We expect logically- and I think that’s ...

Two of the four aircraft that the Guyana Defence Force (GDF) has purchased arrived late Wednesday at the Cheddi Jagan International Airport (CJIA), according to well-placed sources. The decades-old Britten-Norman Islander planes were flown from neighbouring Brazil, ending speculation in some quarters that the deal had ran into some hurdles. Up to recently, they had been operated by a Brazilian ...