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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 […]
Demerara Distillers Limited (DDL) has announced that it has successfully resumed production at several of its facilities following a fire which ripped through its power plant last Friday. In a statement, DDL said the TOPCO plant, responsible for producing Topco fruit juices and Savannah milk products, is fully operational, while the Wines and Spirits plant […]
Vice President Bharrat Jagdeo today announced that since the introduction of the Government’s loan forgiveness programme for University of Guyana students, some 346 students have benefitted to the tune of $203.7M. At his weekly press conference this afternoon, Mr. Jagdeo said the Government is seeking to write-off an additional 2,900 student loans this year which […]
Vice President Bharrat Jagdeo has once again issued a warning to Permanent Secretaries and Regional Executive Officers that the Government will not tolerate deviation from procurement rules in the award of contracts. The Government has embarked on a massive infrastructure programme that has seen billions of dollars being dolled out in contracts. But many of […]
By Rennie Parris In the world of entrepreneurship, there’s one tool that consistently separates thriving businesses from struggling ones—budgeting. Whether you are just starting out or managing a growing company, budgeting helps guide decisions, plan for growth, and avoid potential pitfalls. In this column, we’ll discuss the importance of budgeting for businesses and entrepreneurs, while […]
Guyana is seeking to expand its current trade and economic activities with the United States to bolster several key sectors here. The two countries have been partnering in a number of areas such as economic growth, trade and development and security. Last week, Minister with responsibility for Finance, Dr. Ashni Singh, travelled to the United […]
The Opposition APNU+AFC sees the Government’s move to the National Assembly seeking $40 Billion in supplementary provisions to be the result of poor planning and mismanagement. Last week, Finance Minister, Dr. Ashni Singh, presented two Financial Papers to the National Assembly seeking Supplementary Estimates (Current) in relation to advances made from the Contingency Fund totaling […]
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