By Theon Alleyne Recent events surrounding the Guyana Stock Exchange (GSE) have raised eyebrows, and rightly so. As a former regulator with a significant tenure in listing and trade regulation, the dilemma of the GSE must be addressed with a sense of urgency. The dramatic fall in Banks DIH’s stock price, from $180GYD to $160GYD on the sale of just ...
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Govt spending out oil money- APNU+AFC; increased withdrawals to finance fast-paced development projects- Finance Minister
The opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) has accused government of emptying the Natural Resource Fund (NRF) and increasing Guyana’s debt ceiling, but the Guyana government has defended those decisions on the grounds that was fast-tracking development for all Guyanese. After walking out of Friday’s parliamentary debate on amendment to the fiscal rules of the NRF Act ...
Read More »Guyana’s Ambassador to Venezuela presents Letters of Credence; hopes for cooperation programme
Guyana’s Ambassador to Venezuela, Dr Richard Van West-Charles on Friday presented his Letters of Credence to Venezuela’s Foreign Affairs Minister, Yvan Gil. The Foreign Affairs Ministry here said Dr Van West-Charles told the Venezuelan Foreign Minister during “cordial discussions” that the two countries should focus on peace and cooperation as guiding principles for the relations between Guyana and Venezuela. “In this ...
Read More »Two hacked to death in triangular affair
Two men were Friday night chopped to death at Alness Village, Corentyne as a result of a triangular love affair involving a woman and her former step-father, police sources said. One of the men, who was killed, exited his home after he heard the disagreement and he was chased and chopped by the killer. The suspected assailant, who is a ...
Read More »Body of well-known Kimbia carpenter found after boat collision
A well-known carpenter of Kimbia District, Upper Berbice River drowned Friday night in a boat collision on that waterway. The body was found at about 11 AM. He has been identified as Rashleigh Gladstone. Source said he was driving the boat when it collided with another vessel at about 7 PM. “There were two boats involved. His cousin was driving ...
Read More »BREAKING: Fire at prison service building in Kingston, nearby school children evacuated
A mid-morning fire on Friday destroyed the Guyana Prison Service quarters on Parade Street, Kingston. The building once housed the Kingston Nursery School. Students attending classes at Chase’s Academy and a nursery school were evacuated as thick smoke filled the air. There were no immediate reports of any casualties. Parents and teachers, assisted by several policemen and women, assisted in ...
Read More »Guyana donating money to assist Palestine refugees
The Ministry of Foreign Affairs on Thursday announced that it has pledged US$150,000 towards the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), in support of Palestinians displaced and affected by the ongoing conflict in Gaza. UNRWA is the primary humanitarian agency in Gaza, with over two million people depending on it for their ...
Read More »US Southern Command poised to assist GDF to monitor Guyana’s airspace
The United States Army’s Southern Command would on Friday explore how to assist the Guyana Defence Force (GDF) in monitoring this South American nation’s airspace to preserve its sovereignty, the American Embassy here said Thursday. US Air Force Major General, Evan L. Pettus, 12th Air Force (Air Forces Southern) Commander, will visit Guyana from January 31 – February 2 and ...
Read More »Govt willing to fund improvements at privately-owned stock exchange- Jagdeo
Vice President Bharrat Jagdeo on Thursday said government would be willing to fund improvements to the privately-owned Guyana Stock Exchange (GSE), even as he flayed the administration for being saddled with the same more than 2o-year old computerised system since its inception. “We are prepared to modernise this but it is not owned by the Government of Guyana. It’s a ...
Read More »OPINION: Guyana Stock Exchange: too much accommodation made for public companies
by GHK Lall I read the comments of Chairman Nikhil Ramkarran, in the article titled, “No public companies listed on cash-strapped Guyana Stock Exchange; Banks-DIH must first list on Stock Exchange to get additional benefits -GSE Chairman”, Demerara Waves, January 31). Interesting was the first word that came to mind, with strange and intriguing following in quick succession. Before proceeding, ...
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