https://i0.wp.com/demerarawaves.com/wp-content/uploads/2024/03/UG-2024-5.png!

News

Looming ‘used-tyre’ ban will leave 5000 jobless ; no evidence used tyres cause accidents —GUTA

The Guyana Used Tyres Association (GUTA) is warning that should government continue with the planned importation of used-tyres into the country, as much as 5,000 persons stand to lose employment in the $100M revenue earning business—a situation that could in fact lead to a new smuggling industry. GUTA Executives made this pellucid today (March 24, 2017), when they met with ...

Read More »

High Court rules it can hear Red House lease revocation case

The High Court on Friday ruled against Attorney General, Basil Williams and said it has jurisdiction to hear a constitutional case about the revocation of a lease of Red House by the Cheddi Jagan Research Centre Inc. The decision was made in chambers by acting Chief Justice, Yonette Cummings-Edwards against Williams and the Guyana Lands and Surveys Commission. “The court ...

Read More »

Displaced Marudi miners likely to get new mining lands

Gold miners, who were displaced from the Marudi area in Rupununi, are likely to benefit from new mining lands but government first has to consider the implications for Amerindian lands and the environment. “This option is being weighed against potential implications for Amerindian titled lands and for biodiversity conservation in the region,” the Ministry of Natural Resources said in a ...

Read More »

UG Council to discuss salaries next week; unions demand negotiations

The University of Guyana’s (UG) Council is next week (March 30, 2017) expected to discuss demands by the institution’s workers for increased salaries, at a time when their unions have begun industrial action to demand pay talks. “The matter of salaries will be part of the 2017 revised budget, which will be one of three critical items the Vice-Chancellor will ...

Read More »

Central Bank blames exporters’ “hoarding” of foreign currency for slide in Guyana dollar

The Bank of Guyana  (BOG) on Thursday accused exporters of causing a slide in the Guyana dollar by locking off foreign exchange in their accounts while  at the same time buying currencies on the open market. “The BOG noted that there has been hoarding of foreign currency by exporters, as evidenced by the large foreign currency balances that are being ...

Read More »

Communities Minister sacks Linden Town Clerk with immediate effect

by Gary Eleazar Linden Town Clerk, Jonellor Bowen, was today (March 23, 2017) fired with immediate effect by Minister of Communities, Ronald Bulkan, having already been cleared of any wrong-doing recently as documented in the conclusion of a recent Commission of Inquiry (COI). A visibly distraught Bowen, spoke with media  today while at Freedom House—where she had met with and ...

Read More »

Air travel is getting more expensive…one travel agent using exchange rate of GYD$250

Less than 24 hours after a section of the business community expressed concern that Guyana’s exchange rate has plummeted to GYD$230 to US$1.00, the local company representing Dynamic Airways has informed airlines that ticket sales must be calculated at GYD$250. Checks with a number of travel agencies confirmed that Roraima Airways Thursday afternoon informed them in writing that Dynamic Airlines’ ...

Read More »

Standards Bureau gets $2 billion IDB loan to upgrade labs 

by Gary Eleazar The Guyana National Bureau of Standards (GNBS) has secured a US$9M (G$2B) loan from the Inter-American Development Bank (IDB)—monies the entity intends to put towards the improvement of its testing infrastructure and capacities, across its laboratories countrywide. The disclosure was made today (March 23, 2017)by GNBS Executive Director Candelle Walcott-Bostwick, who was at the time speaking with ...

Read More »