The Ministry of Business’ Small Business Bureau on Wednesday announced that it was offering up to 70 percent guarantee of loans with the expectation that supporting commercial banks would take the risk on the remaining 30 percent. SSB Chief Executive Officer, Lowell Porter explained that at first the guarantee was 40 percent if borrowers fail to repay the banks, but ...
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Williams, Nandlall battle over urgent appeal hearing on GECOM Chairman’s appointment
Attorney General, Basil Williams on Wednesday contended that a request for the Court of Appeal to urgently hear an appeal concerning the appointment of the Chairman of the Guyana Elections Commission (GECOM) would amount to a challenge to the validity of the Local Government Elections scheduled for November 12. Williams’ contention was in reaction to oral submissions by Attorney-at-Law, Anil ...
Read More »Frank Anthony criticises government for chalking up huge public debt; Jordan says treasury bills will be issued
The opposition People’s Progressive Party (PPP) is increasingly hammering government over spending billions of tapping into more GY$50 billion from the Bank of Guyana for public spending, the latest critic being parliamentary front-bencher Dr. Frank Anthony. “As a Member of Parliament, it is my responsibility to continue to use my office to bring light to these significant bread and butter ...
Read More »Harmon, Trotman, Clive Thomas to participate in Buxton Emancipation Observances
The Buxton First of August Movement has organized its annual activities to observe the 180th anniversary of the end of plantation slavery in Guyana and the Anglophone Caribbean under the theme, “Emancipate Yourself from Mental and Economic Slavery”, the organisation said Tuesday. “This year’s theme draws attention to the ongoing need for African Guyanese to redouble their efforts to make ...
Read More »ICJ decision on Venezuela border controversy key to Guyana, Trinidad, Barbados discussing overlapping maritime boundaries
Barbados’ newly-elected Prime Minister, Mia Mottley has signaled her government’s willingness to reopen maritime boundary talks with Guyana, Foreign Affairs Minister Carl Greenidge said Monday. “There have been no technical or political discussions between Guyana and Trinidad and Tobago or Guyana and Barbados on the maritime boundaries in the longest while. The Prime Minister of Barbados did say to us ...
Read More »Guyana moves one step closer towards establishing Sovereign Wealth Fund
The policy framework for Guyana’s proposed Sovereign Wealth Fund (SWF) is to be laid in the National Assembly in the coming days, to make way for eventual tabling of legislation that will provide for the involvement of the opposition in managing the expected huge windfall of oil revenues, Finance Minister Winston Jordan said. “It will have multiple layers of oversight…The ...
Read More »Granger did not slight Nagamootoo for likely talks with Jagdeo – AFC Leader
Leader of the Alliance For Change (AFC), Raphael Trotman on Friday said Prime Minister Moses Nagamootoo was not spurned for talks likely to be held between President David Granger and Opposition Leader Bharrat Jagdeo. Minister of State, Joseph Harmon earlier Friday confirmed that Granger has agreed to lead government’s delegation in the discussions, given Jagdeo’s position that Nagamootoo is a ...
Read More »Finance Minister reluctant to give GECOM more money for Local Govt Elections; says agency must use leftovers
“I cannot be anything more than tight-fisted”…”This is not a beauty contest”- Jordan The Guyana Elections Commission (GECOM) on Friday signaled that it might ask the Ministry of Finance for more money to run off Local Government Elections (LGE), but hours later Finance Minister Winston Jordan virtually ruled out giving the elections authority more cash unless the need can be ...
Read More »Granger to lead talks with Jagdeo in national interest
President David Granger has given in to the Opposition Leader, Bharrat Jagdeo’s position that the People’s Progressive Party (PPP) would not hold talks with government if Prime Minister Moses Nagamootoo leads the delegation. Minister of State, Joseph Harmon said the President was interested in holding the talks as part of government’s thrust towards dialogue and social cohesion. “We do not ...
Read More »Revived Guyana People’s Militia more than 1,500 strong
The resuscitated Guyana People’s Militia, the reserve arm of the Guyana Defence Force, has recruited and trained 1,608 persons, Minister of State Joseph Harmon said The minister, who was responding to a question posed by the Opposition, said those persons were recruited at various levels and are between the ages of 18-35 and are physically and mentally stable for entry. ...
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