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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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American Chamber of Commerce comes to Guyana

The American Chamber of Commerce (AMCHAM), which is affiliated to the United States Chamber of Commerce,  is preparing to establish an affiliate in Guyana to attract and represent American business interests, American Ambassador to Guyana, Perry Holloway said Wednesday night. He said AMCHAM Guyana is expected to set up shop by August, 2018. “The first ever official American Chamber of ...

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Simona Broomes – security guards altercation “very unfortunate” if reports are accurate- Amna Ally

General Secretary of the People’s National Congress Reform (PNCR), Amna Ally on Wednesday said if the reported account of an altercation between Junior Minister of Natural Resources and two security guards at an East Bank Demerara restaurant’s parking lot is factual, then the incident is “unfortunate”. “Of course, if it is that something took place as is reported, it’s unfortunate, ...

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Govt could take greater stake in Berbice Bridge or subsidise operations- Jagdeo

Opposition Leader, Bharrat Jagdeo on Wednesday recommended that government buy shares in the Berbice River Bridge or increase its subsidy to the major east-west thoroughfare across the waterway if it does not want to approve a hike in tolls. He said Berbicians could not afford the steep increases that the Berbice Bridge Company Inc. is asking Public Infrastructure Minister, David ...

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Govt says ‘no’ to call for increased Berbice Bridge tolls

Minister of Public Infrastructure, David Patterson Tuesday afternoon vowed that government would not back down from its election campaign promise not to increase tolls to cross the Berbice River Bridge. “Government stands by its decision to reduce tolls in fulfilling a campaign commitment and will continue to work with the Berbice Bridge Company in ensuring that the Bridge is sufficiently ...

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