Banks DIH records 14.3% Increase in after-tax profits

Local conglomerate Banks DIH Limited has recorded another year of improved earnings and profits. In its annual report which has been dispatched to shareholders, Banks DIH has announced an improvement its shareholders’ value by recording a whopping 14.3% increase in after tax profits.  According to BANKS DIH Chief Executive Officer, Clifford Reis, the Group’s third […]

CHPA to focus more on house lot allocation for the “small man”

With 6000 new applications for house lots made this year alone, the Central Housing and Planning Authority intends to ensure that there is more land allocation made to the “small man” or those considered in the lower-income brackets. Those 6000 new applications have brought the total number of active applications to over 60,000. At an […]

“I have nothing to do with Capital One, Two or Three” -Ramjattan responds to Jagdeo’s Claims of foreign accounts

Vice President and Public Security Minister Khemraj Ramjattan today dismissed accusations by the Opposition PPP and its General Secretary Bharrat Jagdeo that he has an account at the Capital One Bank in the US with over $5million US dollars. In a brief statement to News Source, Minister Ramjattan said “I Have nothing to do with […]

La Penitence man stabbed to death; Two suspects being sought

Police investigators were called to the scene of yet another murder this morning. 32-year-old labourer Israel McKenzie was found stabbed to death this morning at Second Street, La Penitence. McKenzie was reportedly in an intoxicated state walking home from an event when he was attacked by two men at around 3:30 this morning. The body […]

Three Holiday Murders under probe

Police investigators in different parts of the country found themselves breaking Christmas day investigating three murders that occurred within 24 hours. Two of the murders occurred on Christmas eve while the third took place early on Christmas morning. At around 10 pm on Tuesday night at Four Miles, Port Kaituma, a 19-year-old gold miner was […]

Shell wins bid to purchase Guyana’s portion of first oil

With Guyana starting oil production, the Department of Energy this morning announced that the Shell Western Supply and Trading Limited has been selected to buy Guyana’s first 3 lifts crude. Shell was among a group of nine selected companies that were involved in a face to face bid for Guyana’s share of first oil. The […]