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Daily Archives: Thursday, 23 March 2017, 18:02

Central Bank blames exporters’ “hoarding” of foreign currency for slide in Guyana dollar

Last Updated on Thursday, 23 March 2017, 17:45 by Denis Chabrol The Bank of Guyana  (BOG) on Thursday accused exporters of causing a slide in the Guyana dollar by locking off foreign exchange in their accounts while  at the same time buying currencies on the open market. “The BOG noted that there has been hoarding of foreign currency by exporters, ...

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Communities Minister sacks Linden Town Clerk with immediate effect

Last Updated on Thursday, 23 March 2017, 17:34 by Denis Chabrol by Gary Eleazar Linden Town Clerk, Jonellor Bowen, was today (March 23, 2017) fired with immediate effect by Minister of Communities, Ronald Bulkan, having already been cleared of any wrong-doing recently as documented in the conclusion of a recent Commission of Inquiry (COI). A visibly distraught Bowen, spoke with ...

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Ivor Bunbury Furniture store manager, two others charged with cocaine possession

Last Updated on Thursday, 23 March 2017, 16:28 by Derwayne Wills Three men today came before city magistrate Leron Daly today, March 23, charged with possession of cocaine at the Cheddi Jagan International Airport for the purpose of trafficking this month. The first of the three- Louie Dublin, a police officer- plead not guilty to the charge that on March ...

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Air travel is getting more expensive…one travel agent using exchange rate of GYD$250

Last Updated on Thursday, 23 March 2017, 15:49 by Denis Chabrol Less than 24 hours after a section of the business community expressed concern that Guyana’s exchange rate has plummeted to GYD$230 to US$1.00, the local company representing Dynamic Airways has informed airlines that ticket sales must be calculated at GYD$250. Checks with a number of travel agencies confirmed that ...

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Standards Bureau gets $2 billion IDB loan to upgrade labs 

Last Updated on Thursday, 23 March 2017, 12:46 by Denis Chabrol by Gary Eleazar The Guyana National Bureau of Standards (GNBS) has secured a US$9M (G$2B) loan from the Inter-American Development Bank (IDB)—monies the entity intends to put towards the improvement of its testing infrastructure and capacities, across its laboratories countrywide. The disclosure was made today (March 23, 2017)by GNBS ...

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City Hall earns just over GYD$500,000 in two months from parking meters

Last Updated on Thursday, 23 March 2017, 12:25 by Denis Chabrol The Georgetown City Council earned just over  GYD$500,000 in the two months from the now suspended parking meter project, according to Deputy Mayor, Sherod Duncan. He told Demerara Waves Online News that figures coming before City Hall’s Finance Committee show City Hall’s 20 percent take from gross revenue amounted ...

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Govt announces Board of Directors for new state agency to assist GPL

Last Updated on Thursday, 23 March 2017, 12:58 by Denis Chabrol Cabinet has approved a new Board of Directors for a fresh state agency, the Power Producers & Distributors Incorporated, which is now tasked with operating and maintain Guyana’s power generational facilities, after the contract with Wärtsilä expired some time ago. The new Board includes Mark Bender, Aaron Fraser, Attorney-at-law ...

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Parking meter wardens laid off; employment contract provides for no overtime pay

Last Updated on Thursday, 23 March 2017, 11:29 by Denis Chabrol At least 60 parking meter workers are being laid off following the Guyana government’s suspension of the parking meter by-laws for 90 days, prompting concerns about the employment contract. Smart City Solutions’ (SCS) General Manager, Carlos Gochez told workers in a letter dated March 22, 2017 that “we regret ...

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