Business

Two persons, including a 16-year old boy, have been arrested in connection with the theft of GY$2 million worth of copper wire and other items from a gold mining concession that has been abandoned by the Australia-headquartered Troy Resources Limited, officials said. The Ministry of Natural Resources’ Director of Compliance, Retired Police Commissioner Seelall Persaud told Demerara Waves Online News ...

As Guyana gradually enters the general election campaign season, the joint opposition on Saturday sought to rally public rejection of government’s GY$1 trillion budget on the grounds that it does nothing to counter spiralling cost of living but puts more than 100 billion in the hands of a small group of contractors. The Alliance For Change (AFC), Working People’s Alliance ...

Newly-minted Shadow Minister of Culture, Youth and Sport, Nima Flue-Bess intends to campaign for long-overdue modern copyright legislation to protect the artistic works of Guyanese composers, authors, poets and other artists. “We have to ensure that we have the necessary legislation that would help to protect the work that our people would have done,” she said. A teacher by profession, ...

The Caribbean Development Bank (CDB) on Friday indicated that it has dropped its President, Dr Hyginus ‘Gene’ Leon from its annual press conference which has now been pushed back by almost one month. In its latest advisory for the now slated February 20, 2024 news conference, the line-up will be Vice-President Operations, Mr Isaac Solomon; Director, Economics Department, Mr Ian ...

By Peter Richards BRIDGETOWN, Barbados, Jan 19, CMC – The President of the Barbados-based Caribbean Development Bank (CDB), Dr Hyginus ‘Gene’ Leon, has been sent on administrative leave until April this year, as “an ongoing administrative process” continues at the region’s premier financial institution. Well placed sources told the Caribbean Media Corporation (CMC) that Leon’s computer and tablet have been ...

The Guyana government would be seeking an official explanation from the Caribbean Development Bank (CDB) about what is going on at that Barbados-headquartered financial institution after news surfaced that a number of officials were sent on leave, Vice President Bharrat Jagdeo said Thursday. “We’re going to try to find out a bit more about what is going on and from ...

Even as Guyana’s private sector is welcoming the GY$1.1 trillion dollar national budget, University of Guyana Economist Dr Thomas Singh sees the need for long term planning to guarantee growth while saving. While governments prefer to deliver annual programmes, he argued that Guyana could not achieve sustained economic growth by spending heavily on social and physical infrastructure on the basis ...

The  Caribbean Development Bank (CDB) late  Wednesday night confirmed that “administrative” action has been taken, but stayed clear of saying whether that several top officials have been sent on leave. “Caribbean Development Bank acknowledges an ongoing administrative process involving the President. The Bank will not be making any further comments on this internal matter at this time,” the Barbados-headquartered financial ...

Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian, Amanza Walton-Desir on Monday discarded the 2024 National Budget minutes after Finance Minister Dr Ashni Singh delivered the GY$1.1 trillion package of expenditures. “It met my expectations of the PPP (People’s Progressive Party) government and that is absolutely nothing of substance for working class Guyanese,” she told reporters. Old Age ...

Finance Minister, Dr Ashni Singh 0n Monday announced in the GY$1.1 trillion National Budget that government would begin phasing in free university education only if borrowers could prove they were employed in Guyana. “We will commence the first phase of eliminating outstanding loans offered by graduates of the University of Guyana. On condition these graduates can demonstrate proof of being ...