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Daily Archives: Friday, 13 July 2018, 21:05

Bank of Guyana to bail out commercial banks temporarily; Deposit Insurance Scheme to safeguard depositors

Last Updated on Friday, 13 July 2018, 21:52 by Denis Chabrol The Bank of Guyana is about to be given the power to bail out commercial banks in financial troubles for a maximum of 182 days, to safeguard depositors’ monies similar to what happened 14 years ago at Globe Trust. However, the opposition People’s Progressive Party (PPP) objected to the ...

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Junior Finance Minister raps police for slow progress on forensic audits

Last Updated on Friday, 13 July 2018, 19:48 by Denis Chabrol Junior Finance Minister, Jaipaul Sharma on Friday virtually blamed the Guyana Police Force for the failure to charge and prosecute many persons stemming from several forensic audits that cost the National Treasury millions of dollars. “If I am the person conducting the audit, I know what the audits contain ...

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Policeman arrested allegedly with marijuana

Last Updated on Friday, 13 July 2018, 14:52 by Denis Chabrol A policeman was Friday arrested after he was allegedly caught with 21 kilogrammes of marijuana in the car he was driving, the Guyana Police Force said. The law enforcement agency said tge arrest was the result of “intensified collaborative intelligence” between anti-narcotics police and the East Coast Demerara division ...

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Venezuelan plane registration documents authentic- Civil Aviation Chief

Last Updated on Friday, 13 July 2018, 11:59 by Denis Chabrol The registration documents for the Venezuelan plane, which landed with six nationals of the Spanish-speaking South American nation, have been confirmed as authentic, authorities said Friday. Director-General of the Guyana Civil Aviation Authority (GCAA), Retired Lt.Col. Egbert Field told Demerara Waves Online News that the documents exchanged with the ...

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Bank of Guyana gets stronger legal teeth to deal with weak, failing financial institutions

Last Updated on Friday, 13 July 2018, 8:53 by Denis Chabrol 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 ...

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Updated: Interior road improvements expected in two weeks; major overhaul in road repair plan from next year

Last Updated on Friday, 13 July 2018, 7:24 by Denis Chabrol 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 ...

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July 2018