News

A probe by the Bank of Guyana and other supervisory agencies into the shortage of United States (US) dollars at non-bank cambios has already raised some red flags, but Finance Minister Winston Jordan has declined to divulge details. Jordan said so far the investigations have shown that at least two non-bank cambios “have really caused this problem”. “Our investigation is ...

Despite raking in more than GYD$500 million from Guyana’s emerging oil and gas sector, the National Insurance Scheme (NIS) is being encouraged to invest some of its monies on the international stock market as it grapples with paying pensions amid declining contributions. Chairman of the NIS Board, John Seeram told a 50th anniversary observance at the Brickdam-based headquarters that the ...

President David Granger on Wednesday sought to dispel concerns that he is opposed to direct cash transfer of some oil revenues to Guyanese, even as the Working People’s Alliance (WPA) signaled that it was ready to modify its proposal with other political parties in A Partnership for National Unity (APNU) whenever those talks begin. “There has been a lot of ...

A man died early Tuesday morning in an accident at an Australia-owned Troy Resources Guyana Inc gold mining pit, Minister of Natural Resources, Raphael Trotman said. Sources identify the dead man as Ryan Taylor. He worked in the geology section of Troy Resources. The company said early indications are that the incident occurred at 2:25 am on the night shift ...

Joseph Harmon, who resigned earlier this year from his position as Minister of State because he is the holder of dual nationalities, says he has already applied to give up his United States (US) citizenship. He told reporters on the sidelines of a People’s National Congress Reform 62nd anniversary rally in Linden that he more than one month ago finished ...

The Guyana Bank for Trade and Industry Limited (GBTI) says it has generated almost GYD$2 million through the GBTI Hurricane Relief Fund – Bahamas. That fund began shortly after Hurricane Dorian ravaged sections of the Bahamas early in September. The Bank says it immediately committed GYD$3 million and encouraged its customers, staff and members of the public to join the ...

Two radio and television stations closely associated with the opposition People’s Progressive Party (PPP) want the High Court to find that their constitutional right to freedom of expression has been violated by a hearing committee of the Guyana National Broadcasting Authority (GNBA) which they say has not been legally constituted. Through their lawyers – Mohabir A. Nandlall, Marcia Nadir-Sharma, Manoj ...

The United Kingdom-headquartered Tullow Oil, which has discovered oil twice offshore Guyana, says it is already advancing plans to set up a shore base here. Tullow’s Head of Communications, George Cazenove says the shore base will be established in another two to three months. “We will have a shore base here…. You will see a greater presence,” he told News-Talk ...

President David Granger Saturday evening appealed to residents of Linden to again vote solidly for his People’s National Congress Reform (PNCR)-dominated coalition, citing a number of achievements including an end to drugs-related killings. “We deserve another five years to conduct, to carry on the work we have started,” he told about 1,500 supporters at the PNCR’s 62nd anniversary rally outside ...

Former Foreign Affairs Minister, Carl Greenidge is officially no longer a dual citizen as he has renounced his British citizenship. In a statement issued through the Ministry of Foreign Affairs, Mr. Greenidge said he was now ready to be selected by President David Granger to be a candidate again for the next general elections scheduled for March 2, 2020. “I ...