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News

16% interest rate “ridiculous” for businesses to borrow from commercial banks – GCCI

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 ...

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PPP likely to object to overseas printing of national ID cards

The opposition People’s Progressive Party (PPP) on Tuesday appeared poised to object to any idea of having Guyana’s national identification cards printed in Jamaica. Sources in that parliamentary opposition party told News-Talk Radio Guyana that to print Guyana’s national identification cards in Jamaica will be a backward step. The source says the Guyana Elections Commission (GECOM) was unaware that the ...

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Harbour bridge incident disrupts city’s garbage collection

Scheduled garbage collection in Guyana’s capital, Georgetown has been disrupted as a result of the damage to the Demerara Harbour Bridge. The Georgetown City Council says that’s because Puran Brothers is based in Region Three (West Demerara). Areas now experiencing a build-up of uncollected garbage are Kitty, Subryanville and the commercial district of Central Georgetown. City Hall says it is ...

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Jamaica can print Guyanese ID cards but fingerprint cross-matching will not be timely

The Electoral Office of Jamaica (EOJ) has said it would be unable to cross-match the fingerprints of the more than 370,000 persons in a timely manner, but will be prepared to produce national identification cards for Guyanese, a senior official of the Guyana Elections Commission (GECOM) said Monday. The source said top EOJ officials made known their positions to Deputy ...

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Damaged harbour bridge restricted to light traffic from Tuesday – Minister Patterson

Minister of Public Infrastructure, David Patterson said works on the severely-damaged Demerara Harbour Bridge (DHB) would be completed by the latest Tuesday morning, allowing for the resumption of light traffic flow across the Demerara River. The minister gave an update on the situation at the DHB Monday morning on Guyana’s national, state-owned television and radio broadcasting corporation, National Communications Network. ...

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Third Guyanese company enlisted on stock exchange

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 ...

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East Demerara man killed

Police say they are investigating an alleged murder committed on 58-year old David Gentle of Golden Grove, East Coast Demerara. The incident occurred at about 1:30 Monday morning  at Haslington North, East Coast Demerara. Investigators were told that Gentle was last seen at a Karaoke at Nabaclis  North, East Coast Demerara He was found lying motionless with wounds about his ...

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Demerara Harbour Bridge closed after collision

Thousands of Guyanese are Monday morning – the first day of school for the new school year – will be inconvenienced due to the closure of the Demerara Harbour Bridge. The management of the bridge says that’s because a tug and a barge collided with the bridge. A car that was crossing the East-West river corridor stuck immediately after the ...

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Guyana-born Canadian Muslims among those being stopped at U.S. border with little explanation

Reproduced from Radio Canada International  Immigration lawyers are concerned about the treatment some Canadian citizens are receiving at the border when they try to enter the United States. Six have been denied entry over the past two weeks. All are Muslim men. The men and their families, all of them Canadian citizens, were given little explanation about why they were ...

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US Ambassador cautions local content policy concerns may scare away investors

Co-Chairman of the American Chamber of Commerce- Guyana (AMCHAM-G), American Ambassador to Guyana Sarah-Ann Lynch on Saturday cautioned that recent concerns about local content could erode Guyana as an attractive investment destination. “For example, some recent suggestions about local content policy in Guyana may send a signal that some investors as well as the employment and know-how benefits they bring ...

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