Business

Public Health Minister, Volda Lawrence on Tuesday stopped short of suggesting that attempts are being made to muddy her political waters ahead of her bid to become the Chairperson of her People’s National Congress Reform. “Minister Lawrence will provide further and complete details in the National Assembly on this matter on Thursday, July 19th but takes note of the curious ...

A man was Tuesday arraigned on two counts murder he allegedly committed on a pandit and his son earlier this month. However, his lawyer said he was framed. Orlando Douglas is accused of the murder if Onkar Liliah and Deonarine Liliah between 7th and 10th July, 2018 in the furtherance of a robbery. The stabbed bodies of the Liliahs were ...

The commissioning of Early Childhood Development Centres (ECDC) in Ann’s Grove and Ithaca reflects the government’s commitment to facilitating the growth of entrepreneurs. Minister of Finance, Winston Jordan on Saturday commissioned the centres in Ann’s Grove, East Coast Demerara and Ithaca, Region Five. The minister said, having a safe, educational space for children provides parents with an opportunity to become ...

Twenty-two young people are now equipped with the necessary skills to establish their own business after graduating from a Financial Literacy and Small Business Training programme. The five-week training exercise covered areas of self-development, income expenses and budgeting, financial responsibility, credit and debt issues, decision making and action planning. During the course of the programme, each participant was tasked with ...

Canada-based CGX Energy Inc., a public company trading on the Toronto Stock Exchange, has announced its leading sponsorship of the upcoming Green Guyana Expo and International Business Summit scheduled for the Ramada Princess Hotel and the National Stadium on October 19-22, 2018. Company Executive Chairman, Guyanese Professor Suresh Narine, committed the company to the highest sponsorship level; Executive Sponsor with the Jaguar Package, for the event which aims at promoting Guyana’s ...

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 amendment to the Bank of Guyana Act, saying that it was ...

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 and I am annoyed that there is no prosecution,” he told ...

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 Venezuelan Civil Aviation Authority proved that information provided by the pilots ...

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 already been approved. We don’t have to pass these Bills today ...

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 of Natural Resources and the Guyana Geology and Mines Commission. Sources ...