News

A significant portion of the total loan portfolio held by Guyana Bank for Trade and Industry (GBTI) is non-performing as it experiences a severe hangover from an expansion that saw its loans and advances increase by 140% in only five years, but senior officials of that commercial bank and a Central Bank expert on Friday assured customers that they have ...

The United Nations Children’s Fund (UNICEF) on Friday announced that it would be providing US$30,000 worth relief supplies to assist the Venezuelans who have been crossing the border in three administrative regions of Essequibo county. In a joint statement, UNICEF and the Civil Defence Commission said the supplies would be pre-positioned to boost the capacity of Region 1 (Barima-Waini), Regin ...

Prison guards have scuttled a plot by two murder accused to escape from the Lusignan Prison, leaving Prisons Director Gladwin Samuels baffled at how the prisoners got cutting equipment. ‘During security checks conducted, the discovery was made. One steel bar was discovered cut while attempts were being made to cut another. From observations, the cutting of the second bar was ...

A West Bank Demerara man, who was caught with guns and harvested marijuana on a plot of land cultivated with marijuana, pleaded guilty on Thursday and was sentenced to 11 years imprisonment. Magistrate Renita Singh, sitting in the Reliance Magistrates’ Court, East Berbice, sentenced 26-year old Lloyd Samuels of Bagotsville, West Bank Demerara to four years each for possession of ...

Opposition Leader, Bharrat Jagdeo on Thursday backed President David Granger’s Emancipation call for entrepreneurship, self-sufficiency and education, but took umbrage at the Guyanese leader’s admonition that they should be ashamed if they do not work. “This is the duplicity, the double-standard. Government is just borrowing, taxing all of that- the same ordinary people and so I agree with urging people ...

President David Granger on Thursday defended the appointment of Dr. Mark Bynoe, an environmental economist, to head the Department of Energy which would, among other things, decide on granting oil concessions and licences. While conceding that Bynoe was not experienced in the oil and gas sector, the President said the head of the new body would be responsible for mobilising ...

The opposition People’s Progressive Party (PPP) has decentralised the selection of candidates for the upcoming Local Government Elections (LGE) with at least 50 percent expected to be non-party members, but they must first have time to attend council meetings, party General Secretary Bharrat Jagdeo announced Thursday. “We allow the ground; in each of the 81 areas they will do their ...

A Commission of Inquiry has recommended compensation for family members of the eight miners whose burnt remains were found at a mining camp  at Lindo Creek, Upper Berbice River area in 2008. “The basis for recommending compensation is that many of the families have suffered financially from the deaths of their husbands or fathers who were at the time supporting ...

The morning of Thursday August 2, 2018 was overcast, but it was a particularly bright day for several Sterling Products Ltd. employees whose children got generous bursaries from the company to lessen their parents’ back-to-school expenses in the new school year. At the brief presentation ceremony at the company’s headquarters, Human Resources Officer, Ms. Yvette Fiedtkou underscored Sterling Products’ firm ...

The Guyana Gold and Diamond Miners Association (GGDMA) on Wednesday announced the passing of former gold miner and mining advocate, Edward Anthony “Tony” Shields. He was 72 years old. Shields died on August 1, 2018 in the United States (US) where he had gone for medical treatment. “The GGDMA mourns the loss of this mining stalwart. His guidance and tenacity will be ...