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News

Venezuela, Guyana agree to US$100 m PetroCaribe debt write-off

Venezuela has agreed to cancel more than US$120 million in debt accumulated by Guyana for the payment of fuel supplies under the PetroCaribe agreement. The debt write-offs are linked to Guyana’s supply of quantities of rice and paddy. Preliminary information shows that the debt cancellation of US$124,463,500 covers two agreements. According to the Order Paper for the July 9,2015 sitting ...

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Investors complain about the system of doing business, no data to support economic slump- Min. of Business

by Zena Henry Minister of Business Dominic Gaskin has rubbished claims by the opposition People’s Progressive Party Civic (PPPC) that Guyana is heading into a recession since the coalition government took office. Rather, Gaskin says the only problem he knows affecting the business sector in Guyana is that investors are unhappy with the way the country went about its transactions. ...

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Carol Sooba fired as Town Clerk; Royston King to take over

Carol Sooba was Friday officially fired from the post of Acting Town Clerk, weeks after she was sent on leave to pave the way for an investigation into how certain monies had been spent. City Mayor Hamilton Green confirmed that Minister of Communities Ronald Bulkan fired Sooba by letter. “We can exhale for a moment. She has been a millstone ...

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Guyana working on new youth policy, strategic plan; youths urged to help heal division

Guyana on Friday began crafting a new National Policy on Youth Empowerment and a Strategic Plan that seeks to improve the conditions of young people over the next five years as well as help bridge the decades-old racial-political divide. The Presidential Advisor on Youth Empowerment, Aubrey Norton said government envisages that the youth policy and strategic plan should be in ...

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Investors promised predictable rules as Guyana welcomes opening of Giftland Mall

by Zena Henry The almost two-month old coalition government on Thursday pledged to ensure a level playing-field and transparency for investors setting up operations in Guyana. That commitment was made by Minister of Business, Dominic Gaskin in his keynote address at the opening of the US$24 million dollar Giftland Mall at Liliendaal, East Coast Demerara. He expressed grave concern about ...

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US urges end to discrimination against disabled, consideration of same-sex marriage

The United States (US) on Thursday urged Guyana to eliminate all forms of discrimination against disabled persons, and mildly hoped that the South American country would eventually allow same-sex marriages. Addressing a reception at the Marriott Hotel to mark the US’ 239th Independence Anniversary,  Charge D’Affaires of the American Embassy, Bryan Hunt welcomed tge June 26, 2015 ruling in favour of ...

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High Court action seeks to block two ministers from sitting in National Assembly

A People’s Progressive Party Civic (PPPC) candidate is challenging the constitutionality of two government parliamentarians sitting in the National Assembly because their names have not been extracted from the coalition’s list of candidates. Desmond Morian, a PPPC candidate in the May 11, 2015 general and regional elections, says Minister of Citizenship, Winston Felix and Minister in the Ministry of Communities, ...

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The Bahamas expresses “solidarity” with Caricom countries affected by territorial claims

The Bahamas’ Prime Minister, Perry Christie was the only Caribbean Community (Caricom) leader to signal his country’s solidarity with countries in the region whose territorial sovereignty is under threat at Thursday’s opening of the summit of regional leaders in Barbados. The outgoing Caricom Chairman’s remarks came against the background of Venezuela’s recent unilateral extension of its maritime boundary to include ...

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Guyana’s growth slumped to 3.9 percent in 2014; PPP, PSC differ on economic recession

by Zena Henry and Denis Chabrol A 1.7 decline in Guyana’s economic growth in 2014 is already being used as a political football by the main opposition People’s Progressive Party (PPP), although the Private Sector Commisison (PSC) is disputing claims that the country is heading into a recession. Newly-elected Private Sector Commission (PSC) Chairman, Norman Mc Lean acknowledges that indeed the ...

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