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Author Archives: Denis Chabrol

CDB president sent on administrative leave until April

By Peter Richards BRIDGETOWN, Barbados, Jan 19, CMC – The President of the Barbados-based Caribbean Development Bank (CDB), Dr Hyginus ‘Gene’ Leon, has been sent on administrative leave until April this year, as “an ongoing administrative process” continues at the region’s premier financial institution. Well placed sources told the Caribbean Media Corporation (CMC) that Leon’s computer and tablet have been ...

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Govt’s working population estimate is almost 1 million

The Guyana government has been using 900,000 persons as a working estimate of the country’s population, against the backdrop of the national census picking up a lesser count, Vice President Bharrat Jagdeo said Thursday. “This is an internal estimate and this is my internal estimate based on the number that we see on people coming from services,” he said when ...

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Guyana govt to ask for more info about situation at Caribbean Development Bank

The Guyana government would be seeking an official explanation from the Caribbean Development Bank (CDB) about what is going on at that Barbados-headquartered financial institution after news surfaced that a number of officials were sent on leave, Vice President Bharrat Jagdeo said Thursday. “We’re going to try to find out a bit more about what is going on and from ...

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Several helicopters, vessels for police, defence forces

Vice President Bharrat Jagdeo on Thursday said government was talking with the United States (US)-headquartered aviation company, Bell, to buy four helicopters for the Guyana Police Force and Guyana Defence Force as part of moves to boost the country’s defence capacity. “The army recapitalisation is a significant part of this budget too. There are significant expenditures here to expand the ...

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Need for long-term planning, savings- UG Economist

Even as Guyana’s private sector is welcoming the GY$1.1 trillion dollar national budget, University of Guyana Economist Dr Thomas Singh sees the need for long term planning to guarantee growth while saving. While governments prefer to deliver annual programmes, he argued that Guyana could not achieve sustained economic growth by spending heavily on social and physical infrastructure on the basis ...

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Update: CDB President in “ongoing administrative process” but bank silent on if officials sent on leave

The  Caribbean Development Bank (CDB) late  Wednesday night confirmed that “administrative” action has been taken, but stayed clear of saying whether that several top officials have been sent on leave. “Caribbean Development Bank acknowledges an ongoing administrative process involving the President. The Bank will not be making any further comments on this internal matter at this time,” the Barbados-headquartered financial ...

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Six Venezuela-based students of Eteringbang Primary School rescued after canoe capsizes

Six students of Eteringbang Primary School in Guyana were late Tuesday afternoon rescued after their canoe capsized while they were returning home in neighbouring Venezuela, Guyanese police said. Police said at about 4:45 PM, their canoe took in water and sank  while they were returning from school to  San Martin,  community on the Venezuelan side of the border with Guyana. ...

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Man ploughs car through gate, killing mother

Police on Wednesday said they were looking for a 38-year old man, who drove through a gate at his Cane Grove, East Coast Demerara residence, and killed his mother late Tuesday afternoon. Dead is 63-year old Ena Seecharran. Police were not immediately sure whether the man intentionally struck down his mother. “Police are looking for the driver who fled the ...

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