News

The Bank of Guyana  (BOG) on Thursday accused exporters of causing a slide in the Guyana dollar by locking off foreign exchange in their accounts while  at the same time buying currencies on the open market. “The BOG noted that there has been hoarding of foreign currency by exporters, as evidenced by the large foreign currency balances that are being ...

by Gary Eleazar Linden Town Clerk, Jonellor Bowen, was today (March 23, 2017) fired with immediate effect by Minister of Communities, Ronald Bulkan, having already been cleared of any wrong-doing recently as documented in the conclusion of a recent Commission of Inquiry (COI). A visibly distraught Bowen, spoke with media  today while at Freedom House—where she had met with and ...

Three men today came before city magistrate Leron Daly today, March 23, charged with possession of cocaine at the Cheddi Jagan International Airport for the purpose of trafficking this month. The first of the three- Louie Dublin, a police officer- plead not guilty to the charge that on March 17, he had 558 grammes of cocaine in his possession at ...

Less than 24 hours after a section of the business community expressed concern that Guyana’s exchange rate has plummeted to GYD$230 to US$1.00, the local company representing Dynamic Airways has informed airlines that ticket sales must be calculated at GYD$250. Checks with a number of travel agencies confirmed that Roraima Airways Thursday afternoon informed them in writing that Dynamic Airlines’ ...

by Gary Eleazar The Guyana National Bureau of Standards (GNBS) has secured a US$9M (G$2B) loan from the Inter-American Development Bank (IDB)—monies the entity intends to put towards the improvement of its testing infrastructure and capacities, across its laboratories countrywide. The disclosure was made today (March 23, 2017)by GNBS Executive Director Candelle Walcott-Bostwick, who was at the time speaking with ...

The Georgetown City Council earned just over  GYD$500,000 in the two months from the now suspended parking meter project, according to Deputy Mayor, Sherod Duncan. He told Demerara Waves Online News that figures coming before City Hall’s Finance Committee show City Hall’s 20 percent take from gross revenue amounted to GYD$127,564 in January and GYD$540,240 in February, 2017. Duncan said ...

Cabinet has approved a new Board of Directors for a fresh state agency, the Power Producers & Distributors Incorporated, which is now tasked with operating and maintain Guyana’s power generational facilities, after the contract with Wärtsilä expired some time ago. The new Board includes Mark Bender, Aaron Fraser, Attorney-at-law Ronald Burch-Smith, Chartered Accountant Harriram Parmesar, Attorney-at-Law Stephen Fraser, a member ...

At least 60 parking meter workers are being laid off following the Guyana government’s suspension of the parking meter by-laws for 90 days, prompting concerns about the employment contract. Smart City Solutions’ (SCS) General Manager, Carlos Gochez told workers in a letter dated March 22, 2017 that “we regret to inform you that due to certain unforeseen circumstances, which have ...

Minister of Communities, Ronald Bulkan’s latest order that suspends the Georgetown parking meter bylaws does not require City Hall’s approval, in contrast to the previous one that was issued one week ago. The order issued on Tuesday states “the Georgetown Metered Parking By-laws 2017 are suspended for three months commencing 21st March, 2017.” Government wants the 90 days to be used to ...

As the value of the Guyana dollar continues to deteriorate from GYD$215 to US$1.00 to as much as GYD$230 in the last few weeks, sources in the foreign exchange market said that is partly because authorities have been clamping down on gold smuggling and drugs trafficking. The Guyana Manufacturing and Services Association (GMSA) on Wednesday warned of a rise in the ...