By News Source Guyana on November 9, 2022
News, Politics
Republic Bank has announced a US$228.4 million after tax profit for the year ending September 30, 2022, representing an increase of US$32.6 million or 16.7% over the 2021 reported profits. In a statement, the bank noted that the performance reflects the impact of the Group’s expansion, revenue diversification and cost management strategies. The Bank also said that the uptick in […]
By News Source Guyana on November 9, 2022
Caribbean & International, News, Politics
The Government of Guyana and the European Union (EU) have signed a Forest Partnership Memorandum of Understanding (MOU) paving the way for Guyana to receive an initial €5 million grant to help with the preservation of its forests. For President Irfaan Ali, the Forest Partnership MOU is timely. “The forest partnership between Guyana and the […]
By News Source Guyana on November 9, 2022
News, Politics
Close to $2 Billion in drugs and medical supplies are still to be delivered to the Ministry of Health for 2021, the Auditor General, Deodat Sharma, disclosed in his report on the Public Accounts of Guyana for 2021. “Amounts totalling $1.915 billion of drugs and medical supplies paid for had not yet been received,” the […]
By News Source Guyana on November 9, 2022
News, Politics
Almost one year after the landmark Local Content Act was passed in the National Assembly, it is undergoing review with the aim of addressing possible gaps, Director of the Local Content Secretariat, Martin Pertab has disclosed. “Going forward, the intention of the secretariat is to have an open discussion, work with each stakeholder as we […]
By News Source Guyana on November 8, 2022
News, Politics
Hundreds of millions of dollars in drugs and medical supplies were left damaged and spoiled due to poor storage, according to a performance audit into the management of drugs and medical supplies at the Ministry of Health and Regional Health facilities. “Millions were wasted from spoilt and damaged supplies due to poor storage, which left […]
By News Source Guyana on November 8, 2022
News, Politics
The National Assembly has amended the Narcotic Drugs and Psychotropic Substances (Control) Act of 2021, removing custodial sentences for the possession and or use of small amounts of marijuana. The Amendments addressed the question of the use of narcotics in Guyana, in particular the use of marijuana. Prior to the passage of the piece of […]
By News Source Guyana on November 8, 2022
Elections, Politics
The Chairman and Commissioners of the Presidential Commission of Inquiry into the 2020 General and Regional Elections today made it clear that they played no part in drafting the Terms of Reference (ToR) for the inquiry. The declaration came amid allegations that they were involved in drafting the ToR. “It has come to the attention […]
By News Source Guyana on November 8, 2022
News, Politics
A cameraman who was attached to a television station in Essequibo and was undergoing training with Radio Essequibo lost his life this morning as a boat carrying him and a Presidential media team flipped over in the Pomeroon river during a visit to the area by the President. The dead man has been identified as […]
By News Source Guyana on November 8, 2022
Crime, News, Politics
Describing road accidents as a chronic problem in Guyana, Attorney General Anil Nandlall said the government had no option but to put stricter laws in place to prevent drunk driving—one of the leading causes of accidents and deaths in Guyana. The National Assembly on Monday passed a number of amendments to the Motor Vehicles and […]
By News Source Guyana on November 8, 2022
News, Politics
In 2021, tax exemptions granted by the Government came up to $266.774 Billion, which represents $11 Billion more than what was earned by the Guyana Revenue Authority (GRA) in revenues for the same year. In the Auditor General’s 2021 Report on the Public Accounts of Guyana, it was revealed that the GRA raked in approximately […]