President Irfaan Ali on Friday night announced free ‘steel and cement’ packages as well as no down-payment and reduced interest rates to persons who would like to build their own homes. He told the opening of the 2022 International Building Expo that persons who would like to construct a house for GY$6 million and lower, the government “will support home ...
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New merchant bank will help mobilise low-cost loans for private sector, govt
A new merchant bank was Thursday night formally launched with the aim of injecting start-up capital into business ventures that have the potential to expand, grow and transform as well as search for soft loans for government, officials said. “None of that can happen without the much-needed finance and it is that gap that we sought to fill; that is ...
Read More »Govt willing to work with private sector to lower airfares to US, Canada
President Irfaan Ali on Wednesday floated the idea of convincing the private sector to explore the leasing of aircraft to transport persons to and fr0m the United States (US) and Canada because existing carriers are charging exorbitant airfares. “There are a number of opportunities now; a number of wet leases available… Why we don’t put our heads together- private sector- ...
Read More »Investigate alleged Chinese money laundering ring- Pres Ali
President Irfaan Ali on Monday said the relevant authorities should investigate claims by Chinese individuals in Guyana that they are involved in a money laundering scheme called “flying money” as reported by the United States-based Vice News. He said the news documentary clearly contained confessions by a number of persons that they could move large amounts of cash through the ...
Read More »Norton asks youths to “desist” from robbing people during protests; warns of hidden motive to create ethnic tension
Opposition Leader Aubrey Norton has urged supporters to be cautious about protest marches whose aim is to spark off attacks on Indo-Guyanese, in the wake of last month’s assault and robbing of vendors at the Mon Repos Market, East Coast Demerara by a group of persons who marched from Golden Grove to protest the police killing of a resident. Addressing ...
Read More »US-based Mount Sinai Health System institution to improve Georgetown Hospital’s quality of service
The globally recognised New York-headquartered Mount Sinai health system will next week dispatch a team to Guyana to begin overhauling the quality of service at the country’s primary healthcare institution, the Georgetown Public Hospital Corporation (GPHC), officials said Friday. Health Minister Dr Frank Anthony said a team from Morning Side Hospital would be partnering directly with counterparts at the GPHC ...
Read More »US oil company-funded Guyana Health Initiative to benefit Caribbean
An almost US$32 million Guyana Health Initiative being funded by Hess Corporation is set to also benefit the rest of the Caribbean in the treatment of cancer and diseases of the heart and blood vessels, Health Minister Dr Frank Anthony announced on Friday. He explained that a Cardiovascular Centre for Excellence and an Oncology Centre would be established jointly with ...
Read More »Small business owners to get spots at Cheddi Jagan International Airport
Guyanese small business owners will soon be able to offer their products to Guyanese and foreigners at the Cheddi Jagan International Airport (CJIA), Timehri where a modern kiosk will be constructed, in response to concerns by at least one local wine producer. Abigail John, who is associated with AJ Wines and GT Wine, recalled that her product has made a ...
Read More »Analysis: Guyana’s Local Content Requirements: Bitter Pill Coated with the Sweetness of Jingoism?
by Attorney-at-Law, Dr. Vivian Williams Guyanese were struggling ever since the country was wrested from the colonial masters. So, when oil was discovered in the South American country in 2015, expectations of prosperity soared. Consequently, the implementation of Local Content Requirements (LCRs) in the fledging oil & gas sector is greeted with patriotic fervor. It is easy for a country, ...
Read More »RAMPS failed to prove Guyanese ownership- Local Content Secretariat
The Ministry of Natural Resources’ Local Content Secretariat on Monday informed RAMPS Logistics (Guyana) Inc. that it failed to submit important proof of Guyanese ownership due to apparent discrepancies in the allocation of shares “No Amended Articles of Incorporation nor the corresponding resolution were submitted to the Secretariat which authorised the increase in the total number of shares Ramps Logistics ...
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