News

The National Industrial and Commercial Investments Limited (NICIL) officially issued a US$ 150 million equivalent bond facility, arranged by Republic Bank Limited exclusively through its Investment Banking Division, the holding company for government’s assets said in a statement. The local law firm London House Chambers, headed by Devindra Kissoon,  acted as Republic Bank’s transaction attorney. The bond will be issued ...

The Ministry of Public Infrastructure on Saturday deployed a team to the South Rupununi to assess damage to a key bridge that collapsed under the weight of a flatbed truck that was carrying an excavator. The assessment would focus on the “severity of the damage and cost to rehabilitate the Yamatwao bridge. “The overweight vehicle  overextended the bridge’s capabilities, thereby ...

The Guyana Bank for Trade and Industry (GBTI) has said it continues to promote savings especially among youths, and gives an incentive to those already doing so to encourage others to join the bank;s Early Savers Club. “GBTI continues to promote savings. The bank believes that an early start to good saving habits could influence a good lifestyle,” the bank ...

After a prolonged delay in allocating an estimated GY$2.2 billion for repairs to the badly deteriorated Linden-Lethem and Linden to Kwakwani Roads, only minor works could be done until the rainy season ends with the eventual setting aside of GY$650 million, officials said. Motorists have told Demerara Waves Online News that so far three trucks have toppled, and the recommended ...

Homosexual  and outspoken gay rights activist, Otis “Otisha” Pearson was Friday charged with a sexual offence he allegedly committed last year on a teenage boy. The forty-year old Pearson of 61 Station Street, Kitty, Georgetown was not required to plea to the indictable charge. City Magistrate, Leron Daly granted Pearson GY$300,000 bail and ordered that he return to court om ...

The United States (US) on Friday said it has so far spent more than US$100,000 to help Guyana tighten its maritime port security, resulting in increased compliance with the International Shipping and Port Security (ISPS) code that helps minimise terrorist threats. American Ambassador to Guyana, Perry Holloway said assessments by the US Coast Guard cost about US$100,000 and a Port ...

The Guyana Revenue Authority said it seized  GY$6 million worth of smuggled liquor. The 50 cases of  foreign alcohol were seized by the GRA’s Law Enforcement and Investigation Division (LEID) from an unnamed location on the East Coast Demerara on May 30, 2018, the authority said. One person was arrested and subsequently put on bail, the GRA said. “The GRA ...

The Guyana Bar Association (GBA) on Thursday urged the Minister of Legal Affairs, Basil Williams to heed an order by Chief Justice Roxane George-Wiltshire to activate the Judicial Review Act, a move that could pave the way for ordinary citizens to seek redress against the State easily. “The implementation of the Judicial Review Act is of vital importance to good ...

The Marriott Hotel Guyana in Georgetown will soon benefit from an eco-friendly, sustainable and cost-efficient energy supply, the mee co Group said in a statement. “The leading five-star hotel in Guyana has concluded an agreement on a solar power installation with the global clean energy provider The meeco Group, to reduce its dependence on expensive diesel and shave off its energy costs ...

The Guyana Oil Company (Guyoil) is holding the line with its gas price despite crude oil reaching four-year highs, government’s Department of Public Information said. As an importer, Guyana has historically been vulnerable to oil price shocks. World prices have shot up in recent weeks mainly due to the withdrawal of the United States from the Iran nuclear deal. Impending ...