Internet Radio

Business

Private sector proposes “non-political” Sovereign Wealth Fund; Budget Director allays fears of politicized mechanism

A Guyana Manufacturing and Services Association (GMSA)- organised forum on the proposed Sovereign Wealth Fund (SWF) on Thursday heard strong recommendations for the creation of a “non-political” legal entity to manage oil and other revenues, but Ministry of Finance Budget Director, Sonya Roopnauth says government’s model guarantees the involvement of highly qualified experts. “It is very difficult to take away ...

Read More »

Private sector organisation hosting Guyana’s first civil society forum on Sovereign Wealth Fund

The Guyana Manufacturing and Services Association (GMSA) will Thursday hold the country’s first civil society forum on government’s proposed Sovereign Wealth Fund that will be used to save and manage the country’s expected huge inflows of oil earnings. The association, which represents more than 100 large and medium-scale businesses, plans to bring together a ranger of perspectives from government and ...

Read More »

Air Services Limited’s helicopter engine “disintegrates” while airborne

An Air Services Limited’s (ASL) helicopter engine disintegrated as the aircraft was about to land at an interior location earlier this week, authorities confirmed Wednesday. The incident occurred on Monday at Hicks Camp and involved the Bell 206 helicopter bearing registration markings, 8R-GTR. Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt.Col. Egbert Field confirmed that the incident occurred, ...

Read More »

Embattled Guyana Chronicle General Manager; Finance Comptroller sent on leave

The embattled General Manager of the Guyana National Newspapers Limited, Sherod Duncan was Tuesday sent on leave pending a probe into him spending more than GY$5 million in less than three months of his probationary period. Duncan confirmed the decision on his Facebook Profile. “I will be proceeding on Administrative Leave with immediate effect from the Guyana National Newspapers Limited ...

Read More »

Dismissal letter to Guyana Chronicle’s Finance Comptroller withdrawn; PM Nagamootoo orders probe into spending, info leak

Less than one day after the Finance Comptroller of the Guyana National Newspapers Limited (GNNL) was issued a dismissal letter by the General Manager,  a decision has been taken to rescind that correspondence, the Prime Minister’s Office said in a statement. The rescinding of the letter followed a high-level meeting at Prime Minister Moses Nagamootoo’s offices with General Manager Sherod ...

Read More »

Guyana, other Caribbean countries searching for new fuel sellers following Trinidad’s refinery closure; regional tax to be waived

In the wake of the closure of Trinidad and Tobago’s state-owned oil refinery, Petrotrin, Guyana and several other Caribbean Community (CARICOM) member states are scrambling to buy fuel from extra-regional suppliers, Foreign Minister Carl Greenidge said Monday. “The Caribbean prime ministerial sub-committee looked at this matter and examined a couple of options that were available and they asked the relevant ...

Read More »

Guyana Chronicle’s Finance Controller issued dismissal letter over leaked financial records

The Finance Controller of the state-owned Guyana National Newspapers Limited (GNNL), publisher of the Guyana Chronicle newspaper, was Monday morning issued a dismissal letter. Morshmi Ramotar was given marching orders following a weekend disclosure of financial records showing that General Manager, Sherod Duncan has been responsible for expenses totalling GY$5 million. Her lawyer, Sanjeev Datadin confirmed that she was dismissed ...

Read More »