News

Guyana has been short-changed in the amount of the important royalty on oil sales and the controversial US$18 million signing bonus from ExxonMobil but overall the 2016 Production Sharing Agreement (PSA) is quite a routine deal taking into consideration the risk factors, says a United States (US) energy industry analyst. “The thing to focus is the royalty rate is low. ...

Hours after a man left his home in the company of several female friends, his wounded and virtually naked body was found in a pool of blood, the Guyana Police Force said. He has been identified as Hemchand “Rakesh” Dalchand. Police sources said detectives suspect foul play. Relatives told police he left Cummings Lodge, East Coast Demerara home at about ...

Two East Coast Demerara residents are currently hospitalized at the Mahaicony Cottage Hospital in stable condition nursing several gunshots wounds while investigators are making stringent efforts to apprehend the alleged shooter who is known by the victims, the Guyana Police Force said. Investigators said that about 9:40 Saturday night the victims Marlon Browne,33,a farmer of Helena, Mahaica, East Coast Demerara ...

Banks DIH Saturday night said it was among major food and beverage companies taking steps to reduce the risks its products might pose to diabetes or risk facing a “sugar tax”, according to Chairman of the company, Clifford Reis. He told shareholders at Thirst Park that Banks DIH would continue working with all international companies with which it has partnerships ...

General Secretary of the opposition People’s Progressive Party (PPP), Bharrat Jagdeo on Saturday publicly rejected positive statements by the President of the Guyana Agricultural and General Workers Union (GAWU), Komal Chand about talks with President David Granger. While Jagdeo insisted that the PPP “has no rift” with GAWU, he appeared to send a strong signal that he would not mind ...

The United States (US)-headquartered Pepsi-Cola is among several companies interested in investing in the Guyana Sugar Corporation, Public Telecommunications Minister Catherine Hughes announced Friday. “We got some big companies like Pepsi Cola…,” she told a meeting of former sugar workers at Enmore. SPU Privatisation Specialist, Sean Persaud was not keen on speaking about Pepsi Cola because of confidentiality reasons, but ...

Government is worried that moves are afoot to pressure Guyana into agreeing to extend high-level United Nations (UN)-brokered negotiations to settle the border controversy with Venezuela or consider the option of giving up part of its territory, high-level sources said. With  Dagg Halvor Nylander, the United  Nations Secretary General’s Personal Representative on the Border Controversy having already submitted his report ...

Long-serving  City Councillor, Junior Garrett collapsed and died Friday afternoon, after  very “robust” contributions to a council meeting on the municipality’s budget, Deputy Mayor Lionel Jaikarran said. “I am in shock,” he told Demerara Waves Online News. A meeting on the controversial use of open spaces that was scheduled for Friday afternoon has since been pushed back. Garrett was at ...

The Guyana government has decided to keep the Enmore sugar estate as a going concern while the search continues for long-term investors, a senior official of the divestment corporation announced Friday. Shawn Persaud of the Special Purpose Unit (SPU) of the National Industrial and Commercial Investments Limited ( NICIL) told hundreds of workers at Enmore Estate that “hopefully” the Enmore, ...

A man  was early Friday morning shot after he chopped a policeman who responded to a report that he was beating his mother at their home at Herstelling, East Bank Demerara. Police said at about 2:30 Friday morning, a 33-year old man was shot twice and the policeman chopped twice.The incident occurred when a police patrol responded to a report ...