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Banks DIH Limited has announced that it will appeal the decision of the High Court to grant an injunction barring it from implementing a 15% cap on shareholder voting power. At its Annual General Meeting on Saturday at Thirst Park, the company had planned to amend its by-laws to cap shares purchase at 15%. However, […]
Justice Sandil Kissoon has granted an injunction barring Banks DIH from implementing a 15% cap on shareholder voting power. He also issued a number of other related injunctions ahead of this Saturday’s Annual General Meeting of the conglomerate. The Court action was filed against Banks DIH Limited by Guyana Americas Merchant Bank Inc and Beharry […]
Leader of the People’s National Congress Reform, (PNC/R) Aubrey Norton today declared that the opposition nominated Commissioners on the Guyana Elections Commission can only be removed if there is a change in the law or if they choose to resign. Addressing the matter today after Opposition Leader Azruddin Mohamed said he wants the three Commissioners […]
In his continuing defence of the Budget, President Irfaan Ali has expressed a belief that the 2026 Budget will support price stability for food, expand local production and increase home ownership, with other benefits attached. He said the investment in the Agriculture Sector will significantly boost production and bring down the cost of products. This […]
By Svetlana Marshall Chairman of the Guyana Elections Commission (GECOM), retired Justice Claudette Singh has admitted that she has no power to remove the three GECOM Commissioners who were nominated by a previous political Opposition. The admission reportedly came in a meeting this morning between the GECOM Chairman and Opposition Leader Azruddin Mohamed and members […]
The University of Guyana is to be allocated $14.5 Billion in this year’s budget, which is $6.6 Billion less than it requested, and just over $1 Billion more than it got in 2025. During his National Budget presentation, Minister of Finance, Dr Ashni Singh explained that the subvention will support the University’s expanded operations, including […]
Attorney General Anil Nandlall has reassured that the country’s power generation issue will be completely stabilized within two years, thereby completely ending blackouts. Speaking during this weekly Issues in the News programme, Mr. Nandlall said the investments announced in the budget for the energy and power generation sector is another installment to build out aged […]
President Irfaan Ali has defended his Government’s $1.558 Trillion budget, outlining that citizens stand the most to benefit. In a recorded broadcast released by his office, the President said this year’s budget is expected to bring the Government’s developmental plan alive, which includes the development of the people of Guyana by putting more monies in […]
Projecting that the $1.558 Trillion National Budget will produce one of the country’s biggest deficits, and force the Government to borrow hundreds of billions of dollars to finance its projects and programmes this year, APNU Parliamentary Lead, Dr. Terrence Campbell today said the budget was lopsided and heavy on infrastructure with not enough measures in […]
The Government is proposing to spend a staggering $119 billion this year to expand and diversify energy, from upgrading distribution lines, to completing phase one of the Gas-to-Energy project and expanding solar energy. As it relates to the delayed Gas-to-Energy project, the Finance Minister acknowledged during his budget presentation that there have been delays, but […]
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