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News

Declining foreign direct investments will “tank” Guyana’s exchange rate- Jagdeo

Opposition Leader, Bharrat Jagdeo on Friday said the failure of government to attract new investments was causing a shortage in United States dollars (US$) instead of a buying of that currency by Barbadians and Trinidad and Tobago nationals to satisfy their countries’ demand for foreign exchange. He warned that government’s failure to attract Foreign Direct Investments, down to a mere ...

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Minister Ramjattan must say if he has lost the war on crime- Opposition MP Rohee

With the perception of crime still high in Guyana, Opposition MP and former security minister, Clement Rohee, has called for Public Security Minister Khemraj Ramjattan to declare to the people whether he has lost the war on crime. “Can the Guyana Police Force deliver,” Rohee questioned during his budget debate, “how much can they deliver when fighting and backstabbing is ...

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Friends robbed after transacting business in City

​One of two robbery victims has been admitted a patient at the Georgetown Public Hospitall, nursing a gunshot wound to his right thigh.  The Guyana Police Force said the victims Gavin Ramlall, 22years, a contractor of Chateau Margot, East Coast Demerara, and his friend David Mangroo, 64 yrs, of Section ‘B’ Pattensen, Turkeyen East Coast Demerara were in Georgetown earlier ...

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Confusion grips Nat’l Assembly during debates over Sussex Street drug bond

After a tense exchange of words in the National Assembly between Opposition MP Anil Nandlall and Public Health Minister Dr George Norton over the content of the controversial $12M monthly Sussex Street bond, the National Assembly’s Speaker Dr Barton Scotland was made to put his foot down and set up an investigative team to visit the storage bond while the ...

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Guyana earned historic US$740M from gold in 2016- Natural Resources Minister Troman

To the sound of thunderous desk-banging from government side, and silence from the opposition PPP, Natural Resources Minister Raphael Trotman painted the success story of his Ministry in the National Assembly this evening during the budget debates. Guyana has earned a whopping US$740M from gold declarations which amount to 641,688 ounces, according to Minister Trotman. Trotman said a considerable amount ...

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Bank of Guyana suspends buying TT, Barbados currencies from cambios

The Bank of Guyana on Thursday announced that it has temporarily stopped buying Barbados, and Trinidad and Tobago dollars from cambios as part of efforts to stem increased demand for United States (US) dollars. He said there was evidence shows that persons have been coming from Barbados, and Trinidad and Tobago to buy American dollars, resulting in a decision by ...

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Guyana Chronicle fires its Sunday Editor

The Guyana National Newspapers Limited (GNNL) on Thursday announced that it has fired its Sunday Editor, Neil Marks because of alleged dereliction of duty. Marks declined to comment, when contacted by Demerara Waves Online News. In a statement, the entity said it regretted the decision but the “Management as guided by the Board of Directors found it necessary in order ...

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GRA won’t garnish monies without court order; law being widened to block tax cheats from leaving Guyana

Finance Minister, Winston Jordan says the Guyana Revenue Authority (GRA) will only withhold earnings from persons’ bank accounts to pay income taxes owed if the court grants an order. Acknowledging that no details about the plan were provided in his budget speech, he explained that the provisions of the Value Added Tax (VAT) Act would be extended to the Income ...

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Budget 2017 deflated expectations of Guyanese youth- PPP MP Sukhai

Opposition MP Pauline Sukhai is calling for the David Granger administration to clearly show how much money has been budgeted for youth development in 2017. “After deceiving youths into believing they were the focal point of the elections campaign,” Sukhai told the National Assembly during her budget presentation this morning. “They convinced them they would be the complementary force for ...

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