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Shareholders of the Guyana Bank for Trade and Industry Limited (GBTI) have been told that the local bank continues its strong performance and confidence continues to grow in the banking sector. The bank convened its 37th Annual General Meeting (AGM) on Friday and its Chairman, Robin Stoby, reported that GBTI recorded a Profit After Tax […]
The Guyana Bank of Trade and Industry (GBTI) has announced that it has a recorded a first quarter profit of $1.2B. In a release the bank said its solid first quarter performance was due to strong profitability, disciplined growth and robust capital levels. According to the Bank, it also delivered a 25.2%-year year-over-year increase in […]
Award winning Canadian airline, Air Transat, has announced that it will begin non-stop service between Toronto, Canada and Georgetown Guyana in December. In a statement from the airline, it explained that the new service will operate twice weekly, on Tuesdays and Fridays, from December 16, 2025, to April 24, 2026. According to the airline’s Chief […]
The Guyana Association of Bankers has announced the appointment of Country Manager for ScotiaBank Guyana, Nafeeza Gafoor, as its new Chairperson. Gafoor, who has worked in the banking industry for more than two decades, previously held the position of Vice Chairperson of the Association. The Association also announced that the Chief Executive Officer of Demerara […]
As the Government continues to push back on the latest Corruption Perception Index (CPI) report from Transparency International, Minister of Governance and Parliamentary Affairs, Gail Teixeira, believes the findings of the report should be interpreted with caution and supplemented by independent, evidence-based assessments of the state’s governance and anti-corruption performance. In a statement, Minister Teixeira […]
Shipping and Logistic Companies, Muneshwers Limited and John Fernandes Limited have joined forces and have commissioned Guyana’s first Mobile Harbour Cranes, through their joint venture company, Cranes Guyana Inc. Mobile harbor cranes are used to load and unload cargo from ships at ports. Prior to the launching of the company, ships would have had to come […]
United States, Assistant Secretary of State for Western Hemisphere, Brian Nichols has confirmed that Guyana has received initial approval for a US$500M loan from the US Export-Import Bank for its Gas-to-Energy project. Guyana had approached the bank seeking US$646M to assist with the construction of the project. At a media briefing yesterday, the US State […]
On Wednesday, the Government will be asking the National Assembly to approve $30.5B to facilitate the $100,000 one-off cash grant initiative targeting Guyanese 18-years and older. The $30.5B forms part of the $84.5B being sought in supplementary funding by the Government. Senior Minister with responsibility for Finance, Dr Ashni Singh said the Government is looking […]
While slamming “disinformation” that it says is being shared by the People’s National Congress and the Working People’s Alliance about the registration for the $100,000 cash grant initiative, the Government of Guyana has explained that the registration process for the grant is meant to guard against double dipping and fraud. The PNC and the WPA […]
By Rennie Parris Welcome back to Talking Dollars & Making Sense. Today, we’re going to discuss a topic that’s crucial for entrepreneurs looking to finance their business—loans. Whether you’re starting a business or trying to grow an existing one, securing the right type of loan can make all the difference. In this column, we’ll focus […]
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