Internet Radio

Finance

Republic Bank confirms Visa Debit card fraud; security being tightened

Republic Bank on Wednesday has confirmed that some of its customers have been impacted by recent fraudulent activity on its Visa International Debit cards. Following is the remainder of the Republic Bank statement. Through its robust monitoring systems, the Bank was able to quickly identify cases where customers’ cards were compromised and was able to effectively minimise the risk to ...

Read More »

Remaining off the blacklist key to oil sector – former Caribbean anti-financial crimes boss

Former Executive Director of the Caribbean Financial Action Task Force (CFATF), Calvin Wilson on Saturday cautioned that if Guyana does not maintain a clean bill of financial health, oil companies and staff would encounter bottlenecks in sending their profits and earnings overseas. He told a media workshop organised by the Guyana Press Association (GPA) that if Guyana does not satisfy ...

Read More »

PPPC’s Irfaan Ali: “I’m an honest candidate”…”I stand completely by all my qualifications out there”

People’s Progressive Party Civic (PPPC) presidential candidate, Irfaan Ali continues to maintain that his academic credentials are above board, telling reporters on Thursday, “I’m an honest candidate. …I am very comfortable with my qualifications.” However, he provided few details including whether he used a suspicious paper from a virtually unheard of West Coast Demerara institution to register for his first ...

Read More »

World Bank approves US$20m for Guyana to cope with oil and gas risks

Guyana is to receive a US$20 million World Bank loan for its Petroleum Resources Governance and Management Project to prepare the country to deal with several oil and gas risks. The loan was approved on Friday, March 29. “This Project will enhance the transparency, governance, legal, regulatory and institutional frameworks for the oil and gas sector in Guyana,” the Finance ...

Read More »

Guyana part of regional study on substituting refined sugar with “plantation white”

Guyana is among four sugar-producing Caribbean Community (CARICOM) member nations that will be the focus of a regional study on the prospects of substituting imported refined sugar with plantation white, the Caribbean Development Bank (CDB) said Tuesday. The Barbados-headquartered financial institution says it is collaborating with CARICOM to gather evidence to decide on the future of sugar in the regional ...

Read More »

Barbados, Guyana stock exchanges agree to cooperate; new stock exchange legislation in the pipeline

The Barbados and Guyana stock exchanges on Friday inked a memorandum of cooperation, paving the way for listed companies to trade in each other’s countries. “The two key areas of interest identified in our preliminary discussions have been that of institutional strengthening and the cross listing of securities,” Managing Director of the Barbados Stock Exchange (BSE), Marlon Yarde said at ...

Read More »

Kuwait funding study to improve Belfield to Rosignol road

Residents of more than 27 villages along Belfield, East Coast Demerara, to Rosignol, West Coast Berbice, can look forward to improved road access and connectivity as the Ministry of Public Infrastructure (MOPI) moves to start a technical and economic feasibility study for the redesign of the road network. The redesign feasibility study for that stretch of the road will be ...

Read More »

Christopher Ram moves to Court to block gov’t contracts over GYD$15 million

Attorney-at-law and Chartered Accountant, Christopher Ram on Friday asked the High Court to block the award of government contracts worth more than GYD$15 million. Through his lawyers, including Anil Nandlall, Ram also wants the High Court to declare that all such contracts that were awarded since the no-confidence motion was passed on December 21, 2o18 were “unconstitutional, unlawful, null, void ...

Read More »

Local Government Commission 2019 budgetary shortfall delaying its salaries, other payments; Finance Ministry to decide

Permanent Secretary of the Ministry of Communities, Emil McGarrel Friday night ruled counter-signing cheques for the Local Government Commission (LGC) to pay salaries, utility and other bills until the Finance Ministry says how it intends to finance a shortfall. “What they have submitted is something (a work programme) that is showing a shortfall that is outside of the budget. I ...

Read More »