Business

CASTRIES, St Lucia, Jul 20 (DW).- The President of the Caribbean Development Bank (CDB), Dr. Hyginus “Gene” Leon on Tuesday said the regional financial institution was implementing a “trilogy” to deliver concessional financing to Borrowing Member Countries (BMCs), in what appears to be a major shift away from the conventional yardsticks of economic growth, and the total value of everything ...

GTT, Guyana’s First in Fibre and Largest Fibre Network in Guyana, announces 150,000 homes and businesses having access to its high-speed fibre service, after recently making the service available to more than 1,100 homes and 170 businesses in Tuschen on the West Coast of Demerara, Region Three. Technicians have worked assiduously to roll-out more than 3000 miles (about 4828.03 km) ...

Police on Saturday said they would support an investigation by the Child Care and Protection Agency into a government minister’s alleged sexual assault of a teenaged schoolgirl. “If they actually take it over and do what thy have to do and it is necessary for the involvement of the police in the region, then the police would be involved,” the ...

A city businessman on Thursday remained in custody as police probed the death of his son whose body was found in a building at Cummings and Regent Streets earlier this week. “CCTV (Closed Circuit Television) footage has been reviewed and the father has been detained and is presently in custody assisting with further investigations,” police said. Dead is 38-year-old Makema ...

The Canadian oil exploration company, CGX Energy, on Tuesday signaled that it appeared on the verge of finding crude oil in commercial quantities at the Wei-1 exploration and appraisal well offshore Guyana. “Results from the well are encouraging: data acquisition is ongoing via wireline logging, MDT’s and side wall core sampling,” the company said in a statement. An update on ...

A former Branch Manger of North American Fire Insurance Company (NAFICO) has been charged with 16 counts of Ponzi scheme related fraud fraud and converting GY$5.8 million belonging to the New Light Assembly of God Church’s to her own use, the Guyana Police Force’s Special Organised Crime Unit (SOCU) said on Monday. Phylicia Jallim, a former Branch Manager of NAFICO ...

The Private Sector Commission (PSC), which observed Monday’s Local Government Elections (LGE), said polling was free and fair, even as the Guyana Elections Commission (GECOM) said results could start coming in from about 10 O’clock Monday night. “Although voter turnout has been low, the PSC Observers, along with the UK (United Kingdom) Observer and AMCHAM (American Chamber of Commerce) Observers, ...

General Secretary of the People’s Progressive Party (PPP), Bharrat Jagdeo on Monday denied telling business owners not to provide financial support to the opposition A Partnership for National Unity (APNU) and buying out opposition supporters. “The PPP is not telling people not to make contributions to APNU,” he told reporters shortly after casting his ballot in the Local Government Elections ...

Polls opened in Guyana’s Local Government Elections (LGE) on Monday, with Opposition Leader Aubrey Norton saying his People’s National Congress Reform-led A Partnership for  National Unity (APNU) did not contest in all Local Authority Areas but opted to dedicate its limited resources in its strongholds. “In terms of strategy, our strategy was to take our resources and focus it in ...

The Guyana Court of Appeal on Thursday ordered a stay of a High Court suspension order of the Liza 1 operations if ExxonMobil does not provide an unlimited financial guarantee for any clean-up that may be caused by an oil spill. Noting that there was a reasonable prospect for success of an appeal, Justice of Appeal Rishi Persaud also ordered ...