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News

Guyana govt to ask for more info about situation at Caribbean Development Bank

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 ...

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Several helicopters, vessels for police, defence forces

Vice President Bharrat Jagdeo on Thursday said government was talking with the United States (US)-headquartered aviation company, Bell, to buy four helicopters for the Guyana Police Force and Guyana Defence Force as part of moves to boost the country’s defence capacity. “The army recapitalisation is a significant part of this budget too. There are significant expenditures here to expand the ...

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Need for long-term planning, savings- UG Economist

Even as Guyana’s private sector is welcoming the GY$1.1 trillion dollar national budget, University of Guyana Economist Dr Thomas Singh sees the need for long term planning to guarantee growth while saving. While governments prefer to deliver annual programmes, he argued that Guyana could not achieve sustained economic growth by spending heavily on social and physical infrastructure on the basis ...

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Update: CDB President in “ongoing administrative process” but bank silent on if officials sent on leave

The  Caribbean Development Bank (CDB) late  Wednesday night confirmed that “administrative” action has been taken, but stayed clear of saying whether that several top officials have been sent on leave. “Caribbean Development Bank acknowledges an ongoing administrative process involving the President. The Bank will not be making any further comments on this internal matter at this time,” the Barbados-headquartered financial ...

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Six Venezuela-based students of Eteringbang Primary School rescued after canoe capsizes

Six students of Eteringbang Primary School in Guyana were late Tuesday afternoon rescued after their canoe capsized while they were returning home in neighbouring Venezuela, Guyanese police said. Police said at about 4:45 PM, their canoe took in water and sank  while they were returning from school to  San Martin,  community on the Venezuelan side of the border with Guyana. ...

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Man ploughs car through gate, killing mother

Police on Wednesday said they were looking for a 38-year old man, who drove through a gate at his Cane Grove, East Coast Demerara residence, and killed his mother late Tuesday afternoon. Dead is 63-year old Ena Seecharran. Police were not immediately sure whether the man intentionally struck down his mother. “Police are looking for the driver who fled the ...

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More Cuban health workers coming to Guyana this year

Guyana plans to ask Cuba to send more health workers here, even as government is poised to invest heavily in training facilities to counter the adverse impact of migration of nurses to other countries, according to Finance Minister Dr Ashni Singh. “Our nation continues to be challenged by competition for the services of our healthcare professionals, especially nurses, from foreign ...

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Nothing in budget for working class- APNU+AFC’s Walton, Norton; Budget provides more disposable income- Pres Ali

Opposition A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian, Amanza Walton-Desir on Monday discarded the 2024 National Budget minutes after Finance Minister Dr Ashni Singh delivered the GY$1.1 trillion package of expenditures. “It met my expectations of the PPP (People’s Progressive Party) government and that is absolutely nothing of substance for working class Guyanese,” she told reporters. Old Age ...

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2024 Budget: Increased Income Tax threshold, Old Age Pension, public assistance, and UG student loan cancellations

Finance Minister, Dr Ashni Singh 0n Monday announced in the GY$1.1 trillion National Budget that government would begin phasing in free university education only if borrowers could prove they were employed in Guyana. “We will commence the first phase of eliminating outstanding loans offered by graduates of the University of Guyana. On condition these graduates can demonstrate proof of being ...

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GY$20 million worth marijuana seized, two arrested

A man and a woman were Monday arrested by agents of the Customs Anti-Narcotics Unit (CANU) in connection with the discovery and seizure of GY$20 million worth of marijuana at Block 1, Unity, Hubu, Parika, East Bank Essequibo. CANU said the 102 “brick-like parcels” of marijuana weighing 55.2 kilogrammes were in several large bags at a house at Hubu occupied ...

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