Finance

The Georgetown Chamber of Commerce and Industry (GCCI) on Tuesday said its planned Business Development Forum would be geared to helping small businesses find other sources of financing. Senior Vice President of the GCCI, Timothy Tucker says that’s because interest rates at commercial banks are very steep compared to crowd-funding, boot-strapping and equity. “Apart from electricity costs in manufacturing, is ...

A sprawling 700-acre agricultural estate, operating under the name Pomeroon Trading, is set to become the third Guyanese company to be listed on the Guyana Stock Exchange in 10 years. Company Advisor, United Kingdom parliamentarian, David Lammy, says the company is about to sell more than 130,000 shares at US$7.50 per share to any new investor. “Pomeroon Trading will be ...

The Guyana government would have to resort to using one-twelfth of this year’s national budget and would be unable to finance new projects if general elections are not called before yearend, Finance Minister Winston Jordan said. He said this year’s budget expires on December 31. “Come January, people will be paid their salaries and so on but you will not ...

Republic Bank (Guyana) Limited  on Wednesday announced the appointment of Mr. Amral Khan as Managing Director, effective August 1. He will succeed Mr. Richard S. Sammy who will be taking up a new appointment at Republic Bank in Trinidad and Tobago, the international bank said in a statement. A career banker, with over 34 years of banking experience, Mr. Khan ...

by Attorney-at-Law Vivian Williams If courts which are instituted to determine what justice is between man and man may not enforce the private rights to which they find the litigants before them entitled, the great purpose of government will be unattained and our republican system will prove to be a lamentable failure.” – (U.S. 8th Circuit Court of Appeal) As ...

The idea of handing out ‘oil money’ to Guyanese continues to get low marks from experts such as Finance Minister Winston Jordan and Investment Fund Manager, David Pollard. Delivering a public interest lecture on the “Impact of Oil Revenues on Guyana” under the auspices of the Guyana Securities Council, Pollard made it clear that cash handouts would encourage laziness among ...

President David Granger on Monday blocked Finance Minister Winston Jordan from going to jail for 21 days for contempt of court for failing to pay Dipcon Engineering Services Limited US$2.2. million plus costs in keeping with a court order that dated back to 2009 under the previous administration. “Now, therefore, by virtue of the powers vested in me under Article ...

Finance Minister Winston Jordan, who admitted that he was worried that he could be locked up for 21 days for failing to pay Dipcon Engineering Services Limited US$2.2 million based on court orders, on Monday appealed the High Court’s decision. “I would be worried if I am to be locked up under any circumstance whether it is in my personal ...

Director of Economics at the Caribbean Development Bank (CDB), Justin Ram has slammed regional governments for the high cost of air travel and he has called on them to slash the taxes and rake in more value-added and income taxes. “What I’m saying to governments—and I go all over the Caribbean—I say to governments: ‘stop being so myopic, reduce taxes ...

Ghana’s President, Nana Akufo-Addo has agreed that his country would help Guyana’s energy sector, Director-General of the Ministry of the Presidency, Joseph Harmon said. Briefing the media after Akufo Addo was conferred with Guyana’s national award, the Order of Excellence by President David Granger, Harmon said the technical assistance cooperation would be provided free of cost. “This is very important ...