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More youth entrepreneurs ready to hit the market…23 more graduate in Financial Literacy and Small Business Training

Twenty-two young people are now equipped with the necessary skills to establish their own business after graduating from a Financial Literacy and Small Business Training programme. The five-week training exercise covered areas of self-development, income expenses and budgeting, financial responsibility, credit and debt issues, decision making and action planning. During the course of the programme, each participant was tasked with ...

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CGX announces major sponsorship deal for Green Expo

Canada-based CGX Energy Inc., a public company trading on the Toronto Stock Exchange, has announced its leading sponsorship of the upcoming Green Guyana Expo and International Business Summit scheduled for the Ramada Princess Hotel and the National Stadium on October 19-22, 2018. Company Executive Chairman, Guyanese Professor Suresh Narine, committed the company to the highest sponsorship level; Executive Sponsor with the Jaguar Package, for the event which aims at promoting Guyana’s ...

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Bank of Guyana to bail out commercial banks temporarily; Deposit Insurance Scheme to safeguard depositors

The Bank of Guyana is about to be given the power to bail out commercial banks in financial troubles for a maximum of 182 days, to safeguard depositors’ monies similar to what happened 14 years ago at Globe Trust. However, the opposition People’s Progressive Party (PPP) objected to the amendment to the Bank of Guyana Act, saying that it was ...

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Venezuelan plane registration documents authentic- Civil Aviation Chief

The registration documents for the Venezuelan plane, which landed with six nationals of the Spanish-speaking South American nation, have been confirmed as authentic, authorities said Friday. Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt.Col. Egbert Field told Demerara Waves Online News that the documents exchanged with the Venezuelan Civil Aviation Authority proved that information provided by the pilots ...

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Bank of Guyana gets stronger legal teeth to deal with weak, failing financial institutions

Finance Minister, Winston Jordan has dismissed opposition claims that the strengthening of a raft of Guyana’s financial institutions laws is in exchange for a US$35 million soft loan from the World Bank. “We don’t have to pass these Bills today to get thirty-five million. We already get it. It’s already been approved. We don’t have to pass these Bills today ...

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Updated: Interior road improvements expected in two weeks; major overhaul in road repair plan from next year

Public Infrastructure Minister, David Patterson said interior road users could expect some improvements in two weeks and a plan has been crafted to avoid a recurrence next year. He acknowledged that part of the problem appeared to have been the award of contracts “a bit late” by the Ministry of Natural Resources and the Guyana Geology and Mines Commission. Sources ...

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Construction of Linden-Lethem road to begin this year

Preparatory work continues apace for start of construction of the Linden-Lethem road which will link Guyana with neighbouring Brazil later this year, officials said. Foreign Affairs Minister, Carl Greenidge said the status of the decades-long promised bridge was discussed with Brazil’s Minister of External Relations, Aloysio Nunes Ferreira’s one-day visit to Guyana on Thursday. Greenidge said technical teams from both countries ...

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Security Association knocks Crime Chief over comments on Simona Brooms- guards altercation

The Guyana Association of Private Security Organisations (GAPSO) on Thursday slammed the Guyana’s Police Force’s Head of Criminal Investigations, Assistant Commissioner Paul Williams’ criticism of how the security guards’ dealt with Junior Minister, Simona Broomes at a restaurant parking lot. Referring to a July 12, 2018 article in the State-owned and government-controlled Guyana Chronicle newspaper, GAPSO said Williams’ expectation that ...

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