Former Housing Minister facing multiple fraud charges over sale of Government lands; Granted self bail

Former Minister of Housing and Water under the People’s Progressive Party government, Irfaan Ali, has been slapped with several charges related to the sale of government lands to PPP government officials and the development of the same lands to accommodate them. He was arrested at his home this morning by agents of the Special Organised […]

$52 Billion to be pumped into education sector; Various initiatives and programmes to expand -Finance Minister

Finance Minister Winston Jordan announced on Monday that the Government plans to invest $52.2 billion in the education sector in 2019. He said that represents a 15.6 percent increase over the 2018 allocation. According to the Minister, the budget will address disparities in the education sector such as bridging the gap between coastal and hinterland […]

ScotiaBank announces plan to sell operations in Guyana and eight other Caribbean countries to Republic Holdings

In a major move that is likely to shakeup the banking landscape in Guyana and across the Caribbean, Scotiabank’s headquarters in Toronto has announced that the bank will be selling out its banking operations in Guyana and eight other Caribbean countries to Republic Holdings Limited, which owns Republic Bank. According to a report from the […]

Budget 2019: $1.7 Billion allocated in Budget for Youth Initiatives and Programmes

Minister of Finance Winston Jordan during his budget presentation today revealed that the Government has budgeted $1.7 billion to continue various youth initiatives, in 2019. “The Youth Innovation Project of Guyana, which is aimed at fostering a green economy, is in receipt of 271 proposals for project implementation, of which 30 have qualified to receive funding […]

Budget 2019: Old Age Pension and Public Assistance increase by $1000; Tax Threshold also sees increase

The 2019 Budget which was presented by Finance Minister Winston Jordan today in the National Assembly outlines a number of fiscal adjustments, which he believes, will provide benefits for employees and senior citizens. The $300.7 Billion budget was presented under the theme: “Transforming the Economy, Empowering People, Building Sustainable Communities for the Good Life.” Old […]