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News

CGX Energy to restructure debt ahead of future oil exploration in de-risked Guyana basin

The cash-strapped Canadian oil exploration company, CGX Energy, continues to borrow monies from its shareholder to stay afloat, and indicated that future oil exploration offshore Guyana would depend on restructuring its multi-million debts to several companies. Now that American oil-giant, ExxonMobil, has found more than two billion barrels of oil offshore Guyana, CGX Energy hopes that will be an incentive ...

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Gasper denies political involvement despite APNU’s push

Gregory Gasper, the man leading Team Change to challenge Patrick Yarde for the GPSU’s Presidency Tuesday (May 2, 2017) distanced himself from a Ministry of the Presidency’s social media missive which labeled him newly elected President of the Guyana Public Service Union (GPSU). Gasper, in an invited comment, told Demerara Waves, he is unsure as to where the Ministry of the ...

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Copa-Turkish Airlines agreement opens Guyana to Africa, Eurasia and Far East

(AVIATIONPROS.COM) May 01–PANAMA CITY, Panama — An agreement to operate joint flights was signed on Friday between Star Alliance members Copa and Turkish Airlines, and is a major game changer for the travel industry of Latin America and the Caribbean. This is especially important to Guyana, a country very much isolated from global hubs. Now travelers can fly Copa Airlines from ...

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GLU roasts Granger’s broken workers’ promises…as unions call govt. back to bargaining table over wages & salaries

The David Granger administration was Monday (May 1, 2017) called out over its failed promises to workers, when union leaders gathered to join with others across the globe to celebrate Workers’ Day/Labour Day/May Day. Among the presentations to the modest crowd which converged at the National Park following the traditional route march, was Guyana Labour Union’s (GLU) Executive Member, Latoya Drakes, ...

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Govt; opposition trade barbs at lackluster workers’ rally  

Government and the political opposition Monday (May 1, 2017) traded barbs over treatment of workers and the overall economic state of affairs in the country, even as unions leaders sought to herald the return of a unified labour movement in Guyana. Attracting an ever dwindling cadre of unionized workers, the few hundred persons that took part in this year’s Labour ...

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AFC appoints Cummingsburg Accord Review Committee

On the eve of the second anniversary of the historic May 11, 2015 General and Regional Elections, the Alliance For Change has announced the appointment of a special Cummingsburg Accord Review Committee (CARC). The AFC has already identified several deficiencies including how to deal with representation at the local government level and the absence of a dispute resolution mechanism although ...

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