Banks DIH Limited on Saturday voiced a number of concerns about the way the shares of public companies here were being traded on the Guyana Stock Exchange (GSE), saying that its despite developments in the company the share value has not been increasing. “We are able to develop this company with all this capital works without borrowing and selling shares. ...
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Banks DIH to ask court to order removal of Demico vendors
Chairman and Managing Director of Banks DIH, Clifford Reis on Saturday said that after failed efforts with the Georgetown City Council to remove vendors from outside Demico, Stabroek, the company would be moving to the High Court to seek redress. He told the hundreds of shareholders that over the years their company had made numerous efforts to remove the vendors ...
Read More »President says his election as a minority is a sign of Guyana’s growth
President Irfaan Ali, on receiving the Global Africa Leadership Award in Ghana, identified himself as a minority who has risen to become the leader of his country. “Today, I’m proud to lead a country where the people elected a minority. I’m from the minority religion of Islam and the people of that country elected me as their president. That is ...
Read More »APNU+AFC bats for manufacturing, services sectors; govt shrugs off crony capitalism label
Opposition Leader Aubrey Norton on Friday pitched support for Guyana’s manufacturing sector by citing the need for policies to ramp up output and increase access to foreign exchange. “The government is advised to establish a broad-based Task Force on new industries and services to ascertain which industries and services should be developed having discussed and formulated policies and programmes based ...
Read More »APNU+AFC wants constitutional protection of ‘oil money’ for future generations
A Partnership for National Unity+Alliance For Change (APNU+AFC) parliamentarian, Volda Lawrence on Friday recommended that there be a constitutionally entrenched amount of Guyana’s oil revenues that must be saved for future generations in the Natural Resources Fund (NRF). “This House must now consider a minimum percentage value in the NRF that must remain as inter-generational savings and this must be ...
Read More »US-funded programme launched to support Guyanese, other Caribbean farmers, build food security
The United States Agency for International Development (USAID) on Wednesday officially launched the Caribbean Agricultural Productivity Improvement Activity (CAPA), a programme that aims at increasing food security efforts, while strengthening the livelihoods of farmers locally. A Memorandum of Understanding (MoU) was also signed by UG’s Vice Chancellor, and Improving Economies for Stronger Communities (IESC) CAPA’s Programme Director, Sandford Edwards, to ...
Read More »Guyana, Venezuela foreign ministers in Brazil to prepare for 2nd Maduro-Ali talks
The Foreign Ministers of Guyana and Venezuela would be meeting in Brazil on Thursday in keeping with an accord reached in St Vincent a month ago between President Irfaan Ali and his Venezuelan counterpart, Nicolas Maduro. “The meeting is a very important step in fulfilling what we agreed on in St Vincent and that was the establishment of this commission ...
Read More »Afro-Guyanese organisations, President trade ‘racist” accusations over “Global Africa Leadership Award”
Just under a dozen Afro-Guyanese organisations have deemed President Irfaan Ali a “racist” in its quest to convince the the Ghana-headquartered African Prosperity Network (APN) to rescind the “Global Africa Leadership Award” President Irfaan Ali, but the Guyanese leader on Wednesday lashed back at critics, denying that his administration has been discriminating against Afro-Guyanese. “For APN to bestow an award ...
Read More »Guyana poised to reverse slump in gold declaration, amid opposition concerns – Natural Resources Minister
Minister of Natural Resources, Vickram Bharrat on Tuesday said he was very confident that Guyana would recover from a seven-year decline in gold production with new the discovery of deposits by several foreign exploration companies, even as preparations have started for a more than GY$400 million mineral survey this year to assist in efficient allocation of gold bearing areas. Mr ...
Read More »Home Minister absolves Fire Service from responsibility for Mahdia Dorms fire safety
-Fire Service to acquire new vehicles Home Affairs Minister Robeson Benn on Tuesday said the Guyana Fire Service (GFS) was not to be blamed for the low level of fire safety at the Mahdia Secondary School dormitories where 20 children were burnt to death last May. “I want to say, not simply in defence of the Guyana Fire Service, that ...
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