Business

Just under a dozen Afro-Guyanese organisations have deemed President Irfaan Ali a “racist” in its quest to convince the the Ghana-headquartered African Prosperity Network (APN) to rescind the “Global Africa Leadership Award” President Irfaan Ali, but the Guyanese leader on Wednesday lashed back at critics, denying that his administration has been discriminating against Afro-Guyanese. “For APN to bestow an award ...

Minister of Natural Resources, Vickram Bharrat on Tuesday said he was very confident that Guyana would recover from a seven-year decline in gold production with new the discovery of deposits by several foreign exploration companies, even as preparations have started for a more than GY$400 million mineral survey this year to assist in efficient allocation of gold bearing areas. Mr ...

The opposition coalition of A Partnership for National Unity+Alliance For Change (APNU+AFC) on Monday decried the People’s Progressive Party Civic (PPPC)-led administration’s  refusal to fund the University of Guyana (UG) adequately. During day one of debate on the 2024 National Budget, Education Minister Priya Manickchand sought to assure Guyanese that the publicly-funded tertiary institution would continue to receive monies from ...

Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian, Roysdale Forde on Monday forecast that government spending for 2024 would far exceed the budgeted GY$1.1 trillion because government would continue the trend of bringing financial papers for large amounts of money during the year. He said the resort to seeking parliamentary approval during the year for more funds could ...

Two persons, including a 16-year old boy, have been arrested in connection with the theft of GY$2 million worth of copper wire and other items from a gold mining concession that has been abandoned by the Australia-headquartered Troy Resources Limited, officials said. The Ministry of Natural Resources’ Director of Compliance, Retired Police Commissioner Seelall Persaud told Demerara Waves Online News ...

As Guyana gradually enters the general election campaign season, the joint opposition on Saturday sought to rally public rejection of government’s GY$1 trillion budget on the grounds that it does nothing to counter spiralling cost of living but puts more than 100 billion in the hands of a small group of contractors. The Alliance For Change (AFC), Working People’s Alliance ...

Newly-minted Shadow Minister of Culture, Youth and Sport, Nima Flue-Bess intends to campaign for long-overdue modern copyright legislation to protect the artistic works of Guyanese composers, authors, poets and other artists. “We have to ensure that we have the necessary legislation that would help to protect the work that our people would have done,” she said. A teacher by profession, ...

The Caribbean Development Bank (CDB) on Friday indicated that it has dropped its President, Dr Hyginus ‘Gene’ Leon from its annual press conference which has now been pushed back by almost one month. In its latest advisory for the now slated February 20, 2024 news conference, the line-up will be Vice-President Operations, Mr Isaac Solomon; Director, Economics Department, Mr Ian ...

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 ...

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 ...