Month: January 2013

Citizens Bank to open branch in Berbice

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An artist’s impression of what the New Amsterdam branch of Citizens Bank will look like The town of New Amsterdam would have its own branch of Citizens Bank shortly, management told shareholders at Banks DIH’s Annual General Meeting (AGM) last Sunday. Speaking at the company’s 18th AGM in Berbice, branch manager of the conglomerate Reginald Matthews said the new bank should be opened soon on a plot of land already being utilised by Banks DIH. Matthews referred to the project as part of the expansion of the company. The new…

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“Caricom is in danger” – PJ Patterson warns

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– say regional integration is imperative By Samuel Sukhnandan Former Jamaican Prime Minister Percival J Patterson said “Caricom is in danger” and unless regional governments start using its collective strengths to tackle challenging issues, its future development could be threatened.  The eminent Caricom statesman was at the time delivering the feature address at the Rotary Club of Georgetown, World Understanding Month dinner held at the Pegasus Hotel on Monday. Patterson told a large gathering of Rotarians, politicians, businessmen, women and other distinguished guests that the time is now to make…

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Financing for small businesses

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Small and medium enterprises (SME’s) represent a significant share of emerging economies’ business fabric – including that of Guyana and the Caribbean. Nevertheless, they continue to face multiple challenges in meeting their financing needs. While there have not been any definitive studies for Guyana, we most likely match Latin America where SME’s account for nearly 99% of businesses and employ up to 67% of its employees. Access to finance for Guyanese firms in general is extremely unequal – with the largest business conglomerates owning their own banks. Most small businesses…

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Ramotar underscores need for partnerships in climate change fight

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President Donald Ramotar joined Indian Prime Minister Manmohan Singh at the opening of the 13th Delhi Sustainable Development Summit (DSDS) in the Indian capital, New Delhi, under the theme `The Global Challenge of Resource Efficient Growth and Development’. Guyana was invited for a third year to participate by Dr. R.K Pachauri, Nobel Prize Laureate and Director-General of The Energy and Research Institute (TERI) and recently appointed Chairman of the Iwokrama Board of Trustees. President Donald Ramotar, former President Bharrat Jagdeo and Shyam Nokta from the Office of the President are…

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PM Hinds visits Oscar Clarke – Clarke: “They couldn’t knock me out”

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People’s National Congress Reform (PNCR) General Secretary Oscar Clarke points to the injuries he sustained when bandits attacked his home People’s National Congress Reform (PNCR) General Secretary Oscar Clarke is recovering at the Georgetown Public Hospital Corporation (GPHC), despite a bullet is still lodged in his leg, one day after gunmen attacked him and his family at their Plum Park, Sophia home. Clarke, 74, was on Tuesday night shot twice when gunmen invaded his home during which they also beat and robbed him. Up to press time, Clarke was being…

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Linden/Soesdyke Highway targeted for housing development

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A panaramic view of Linden Soesdyke Highway, Guyana. The Bauxite factory is in the background. The Housing Ministry is working relentlessly to process housing applications for Regions Three and Four, as these are the only two regions where the Central Housing and Planning Authority (CH&PA) is bogged down. High Demand At present, there are approximately active 33,000 applications in the system for these two regions, many of which would have been made in 2010 to 2012. In the other regions especially Two and Five, houselot applications are being processed at…

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“There is a political agenda to target former President Jagdeo” – Nandlall

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APNU MP Carl Greenidge Attorney General (AG) and Legal Affairs Minister Anil Nandlall has expressed concerns over the parliamentary opposition’s consistent moves towards the denial of rights to Guyanese, using their one-seat controlling majority. In a special interview aired on the National Communications Network, Nandlall and People’s Progressive Party/Civic (PPP/C) Member of Parliament Manzoor Nadir addressed the issue of the Former Presidents’ (Benefits and Other Facilities) Bill 2012, which was passed last week by the opposition in the National Assembly. Nandlall stated that the most fundamental thing to be noted…

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Baby perishes in Stewartville fire

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By Sabatini Daniels A 23-day-old baby girl on Wednesday evening perished in a fire of unknown origin at her lot 116 Middle Street, Stewartville, West Coast Demerara home. The blaze reportedly started about 20: 30h. Alisha Samantha Boodram, who was the first child for her parents, was asleep with her six year old cousin in a room of their one flat house at the time, but the latter managed to escape the inferno. The baby’s mother, Samantha Boodram said she and her husband went to buy an item for the…

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U.S. embassy in Georgetown hosts reception to mark second inauguration of Obama

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United States Ambassador to Guyana D Brent Hardt welcomed guests from Guyana’s government, private sector, civil society, and diplomatic community to share in the historic, second inauguration of President Barack Obama. As he welcomed guests to the viewing of President Obama’s inaugural address at his residence, Ambassador Hardt observed that “the inauguration of a president after a hard-fought electoral contest reflects the strength and health of a democracy”. The U.S. presidential inauguration, he added, “embodies a strong bipartisan tradition, as even the most heated partisan political debates are set aside…

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