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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 […]
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 […]
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 […]
Finance Minister, Winston Jordan, today announced that the minimum wage in the public sector will now be $64,000 per month, which represents a $4000 increase over the previous minimum wage. “Mr. Speaker, as was the case last year, these increases are effective from January 1, 2018. In effect, the retroactive increase means someone earning $60,000 […]
-by Ravin Singh- Despite lower-than-expected performance in the gold and sugar industries for 2018, Guyana’s real Gross Domestic Product (GDP), grew by 3.4%, Minister of Finance Winston Jordan announced today during his 2019 Budget presentation in the National Assembly. Real GDP is an inflation-adjusted measure that reflects the value of all goods and services produced […]
The Ministry of the Presidency has announced that President David Granger, continues to take precautionary measures in light of his recent diagnosis of Non-Hodgkin Lymphoma. He has been advised by his doctors to scale down on his public engagements during the remainder of his treatment cycle. The President’s office explained that due to his […]
APNU+AFC Member of Parliament for Region Ten, Jermaine Figueira has been elected as the new Chairman of the People’s National Congress Reform Region Ten Committee. Mr. Figueira beat out two other contenders for the post at the party’s internal regional elections on Saturday in his hometown of Linden. Figueira had put together an entire slate […]
Local crime reporter, Leroy “The Big” Smith, has been released by the Police, following his arrest over the presence of an airgun pistol, that he has since claimed ownership for. The matter, however, is still under Police investigation. In a statement, Smith said he found the arrest amusing and knows he will be vindicated when […]
The Opposition’s no confidence motion against the Government will not make it for debate in the National Assembly until after the reading, debate and passage of the National Budget. The Leader of Government’s business in the House, Prime Minister Moses Nagamootoo, in a statement yesterday said the motion will be defeated. The Prime Minister went […]
Popular Crime Reporter, 33-year-old, Leroy “The Big” Smith, was arrested by Police on Friday afternoon with a suspected air pistol in his possession. A 19-year-old man from Linden, who was in his company, has also been taken into custody. According to the Police, a party of policemen headed by Detective Sergeant George was conducting a […]
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