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Afro-Guyanese promised easier access to loans, grants; govt to be asked for more money

The Ministry of Business’ Small Business Bureau on Wednesday announced that it was offering up to 70 percent guarantee of loans with the expectation that supporting commercial banks would take the risk on the remaining 30 percent. SSB Chief Executive Officer, Lowell Porter explained that at first the guarantee was 40 percent if borrowers fail to repay the banks, but ...

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Frank Anthony criticises government for chalking up huge public debt; Jordan says treasury bills will be issued

The opposition People’s Progressive Party (PPP) is increasingly hammering government over spending billions of tapping into more GY$50 billion from the Bank of Guyana for public spending, the latest critic being parliamentary front-bencher Dr. Frank Anthony. “As a Member of Parliament, it is my responsibility to continue to use my office to bring light to these significant bread and butter ...

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One-stop Afro-Guyanese business development outreaches get underway

Afro-Guyanese businesses are being mobilised to show them how they can access financing and understand some of the basic rules of doing business, as part of an overall move to nurture more Black-owned businesses, a top local organiser said. The first of three outreaches is slated for Wednesday at 1 PM at Critchlow Labour College, Woolford Avenue. The Chief Executive ...

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Harmon, Trotman, Clive Thomas to participate in Buxton Emancipation Observances

The Buxton First of August Movement has organized its annual activities to observe the 180th anniversary of the end of plantation slavery in Guyana and the Anglophone Caribbean under the theme, “Emancipate Yourself from Mental and Economic Slavery”, the organisation said Tuesday. “This year’s theme draws attention to the ongoing need for African Guyanese to redouble their efforts to make ...

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Guyana’s proven oil-equivalent reserves now 4 billion barrels; revised production target now 750,000 barrels daily

IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said Monday it has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development and consideration of two additional phases. The increase follows completion of testing at the Liza-5 appraisal well, a discovery at Ranger, ...

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Guyana moves one step closer towards establishing Sovereign Wealth Fund

The policy framework for Guyana’s proposed Sovereign Wealth Fund (SWF) is to be laid in the National Assembly in the coming days, to make way for eventual tabling of legislation that will provide for the involvement of the opposition in managing the expected huge windfall of oil revenues, Finance Minister Winston Jordan said. “It will have multiple layers of oversight…The ...

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Finance Minister reluctant to give GECOM more money for Local Govt Elections; says agency must use leftovers

“I cannot be anything more than tight-fisted”…”This is not a beauty contest”- Jordan The Guyana Elections Commission (GECOM) on Friday signaled that it might ask the Ministry of Finance for more money to run off Local Government Elections (LGE), but hours later Finance Minister Winston Jordan virtually ruled out giving the elections authority more cash unless the need can be ...

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Public Infrastructure takes back responsibility for repair, maintenance of interior roads from GGMC

Amid a major lapse by the Guyana Geology and Mines Commission (GGMC) to award contracts for repair and maintenance of several interior roads in a timely manner, the Ministry of Public Infrastructure will next year take back responsibility for such works, Junior Public Infrastructure Minister Annette Ferguson announced Thursday night. In contributing to debate on an opposition-sponsored motion on the ...

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Possibly “sinister motive” behind reports on drug contract- Volda Lawrence

Public Health Minister, Volda Lawrence on Tuesday stopped short of suggesting that attempts are being made to muddy her political waters ahead of her bid to become the Chairperson of her People’s National Congress Reform. “Minister Lawrence will provide further and complete details in the National Assembly on this matter on Thursday, July 19th but takes note of the curious ...

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Alleged killer of pandit, son remanded

A man was Tuesday arraigned on two counts murder he allegedly committed on a pandit and his son earlier this month. However, his lawyer said he was framed. Orlando Douglas is accused of the murder if Onkar Liliah and Deonarine Liliah between 7th and 10th July, 2018 in the furtherance of a robbery. The stabbed bodies of the Liliahs were ...

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