Business

Members of the Guyana Public Service Cooperative Credit Union on Saturday elected a new Committee of Management. After a long-running High Court battle between two factions, the meeting was held to elect new office-bearers. In keeping with a High Court order, nine persons were barred from contesting Saturday’s elections. Polls closed at 5:30 after two 15-minute extensions to allow late ...

Despite strenuous objections Saturday morning over the legality of a Special General Members meeting of the Guyana Public Service Cooperative Credit Union (GPSCCU),  the meeting proceeded to lay the groundwork for the election of a new committee of management. Ms Karen Van Sluytman-Corbin, who the Hifh Court has blocked from holding office on the Committee of Management, said no figure ...

Amid several opposition parliamentary questions about plans by a Qatari company to build a US$300 million five-star hotel, Vice President Bharrat Jagdeo on Thursday said the project would be going ahead. Mr Jagdeo said government and lawyers and others who are specialised on land matters were asked to “produce the documentation about ownership and the project is moving forward,” A ...

President Irfaan Ali on Friday said Brazil has invited Guyana to make a presentation at the Group of 20 (G-20) Summit later this year on how to make money from forests, “We have agreed that at the G-20, Guyana will be invited in the person of the Vice President (Bharrat Jagdeo) to make a presentation on Guyana’s models,” he said ...

President Irfaan Ali announced that he and his Brazilian counterpart, Luis Inacio ‘Lula’ Da Silva on Thursday agreed to establish a working group to search for money to build transportation links between their two South American countries. “We want to put together a technical working group that will commence working immediately to develop a mechanism through which we can have ...

Leaders of the 15-nation Caribbean Community (CARICOM) ended their three-day summit in Guyana expressing concern over the decision by the Board of Directors of the Caribbean Development Bank (CDB) to send that financial institution’s President, Hyginus ‘Gene’ Leon on leave to make way for an investigation. “On first blush, I think that the whole process is somewhat flawed and I’m ...

Vice President Bharrat Jagdeo was Wednesday selected to chair a Caribbean Community (CARICOM) working group to search for more money for the CARICOM Development Fund (CDF) to cushion impacts on member nations and promote growth, Barbados’ Prime Minister Mia Mottley said. She told a news conference to wrap up the three-day summit of CARICOM leaders in Georgetown that Mr Jagdeo ...

Businesses in Guyana would now be able to access a maximum of GB£2.1 billion through UK Export Finance (UKEF), the United Kingdom’s credit agency, than those available from local commercial banks but none of the money can be used in the oil sector, the UK’s Minister for the Americas, David Rutley announced on Tuesday. Chairman of Guyana’s Private Sector Commission ...

Canada is lending Guyana CAD$120 million to support social services delivery in a number of areas, with the Inter-American Development Bank (IDB) co-financing the amount with US$30 million, the Canadian High Commission said Tuesday. The High Commission says the loan will be utilised to improve social protection and public assistance under the Ministry of Human Services and Social Security (MHSSS). ...

A loader and a private security agent at the Cheddi Jagan International Airport were arrested Thursday in connection with several bags of cocaine that were allegedly delivered over the airport fence, according to the Customs Anti-Narcotics Unit (CANU). CANU said the 71.2 kilogrammes of cocainne were seized at a time when a New York-bound Caribbean Airlines flight and a British ...