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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

Last Updated on Thursday, 12 July 2018, 19:01 by Denis Chabrol 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 ...

Last Updated on Thursday, 12 July 2018, 15:54 by Denis Chabrol 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 ...

Last Updated on Thursday, 12 July 2018, 14:56 by Denis Chabrol Even as Junior Minister of Natural Resources, Simona Broomes refused to say whether she would apologise to two security guards with whom she had a now almost one week old fracas, Vice Chairperson of the People’s National Congress Reform (PNCR), Volda Lawrence said she was taken aback by one ...

Last Updated on Thursday, 12 July 2018, 7:18 by Denis Chabrol A senior official of Guyana’s Private Sector Commission (PSC) has called on Guyanese to stop beating up on the United States (US) oil major, ExxonMobil, days before American Ambassador Perry Holloway called on locals to unite around the expected oil wealth. “I would also like to say to all ...