Month: April 2018

…large influx of tourists expected The Guyana Carnival 2018, an event which at its core is to promote tourism on an international standpoint, is expected to attract some 1500 tourists on a worldwide scope. This announcement was revealed during Hits and Jams Entertainment’s official launch of Guyana Carnival 2018 which was hosted by the Guyana Carnival Committee at the Marriott Hotel, Georgetown. The event, which is scheduled to feature 10 days of nonstop activities, is expected to feature a wide variety of events to facilitate the interests of all who…

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-charged for being unlicensed Several fishermen who use the Hope Canal on the East Coast of Demerara (ECD) to dock their boats were last Friday banned from operating at the canal. The notice, issued by the Fisheries Department of the Agriculture Ministry states that the fishermen have been given until this week to relocate their vessels to the Hope koker. When the Guyana Times visited the area, the fishermen were up in arms against the move, lamenting that their livelihoods will be affected. “Them just say that they want the…

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…as US sanctions Russian tycoon As the United States (US) sanctions against Russian business tycoon Oleg Deripaska, who is the main owner of the EN+ conglomerate, the co-owner of Rusal begins to sink in, the local operation in Guyana has significantly scaled back on its exportation of bauxite. This is according to President of the Guyana Bauxite and General Workers Union (GBGWU) Lincoln Lewis. Rusal, one of the largest aluminum producers in the world , has operations here in Guyana in the form of the Bauxite Company of Guyana Incorporated…

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Guyana is slated to be represented at a high-profile Anti-Money Laundering/Financial Crimes Conference in Florida, USA; which will, among other things, give countries a chance to review their AML efforts in their respective jurisdictions. Attending on Guyana’s behalf is Attorney General Basil Williams, the current Chairman of the Caribbean Financial Action Task Force (CFATF).The conference is slated for April 18-20, 2018, in Miami, Florida, with Williams expected to present on Financial Technology (FinTech) effects on the changing role of the Compliance Officer. According to the Legal Affairs Ministry on Tuesday,…

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Caribbean Community (Caricom) leaders met with United States Vice President Mike Pence on the margins of the final day of the Summit of the Americas in Lima, Peru. Second Vice President and Foreign Affairs Minister Carl Greenidge told the Department of Public Information (DPI), following the meeting, that Caribbean leaders “took advantage” of the opportunity to dialogue with Vice President Pence. “It was a good opportunity to at least exchange ideas at practically the highest level in the United States,” Minister Greenidge said. Greenidge noted Vice President Pence confirmed that…

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The annual Phagwah parade entered its 30th year in Richmond Hill on April 14. The parade, usually held on the weekend after Phagwah, was pushed to April to avoid the cold weather. Parade-goers came out in numbers. “The park was filled and we had thousands of people show up — it was a really great turnout of a lot of people,” said Herman Singh. Phagwah is another name for Holi, a religious observance in Hinduism that celebrates the beginning of spring. It is also known as the festival of colors…

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Far from renegotiating the contracts already signed with oil companies that leave more to be desired, Government appears to be following the advice it has received from multi-nationals that there is nothing they can do to correct prior contracts. This was disclosed by Finance Minister Winston Jordan, during a press conference late last week. According to the Minister, multinationals like the International Monetary Fund (IMF) have done a range of studies. “I think mostly the IMF have come up with the fact that (they) understand what (we) have and so…

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