Category Archives: Economics/Finance

GUYANA – Latest News – 25 June 2015 – Demerara Waves

    GUYANA – Latest News – 25 June 2015 – Demerara Waves

GUYANA: Latest News – 21 June 2015 – Demerara Waves

    GUYANA: Latest News – 21 June 2015 – Demerara Waves

Father’s Day – Father, where are you? – By Rosaliene Bacchus

Originally posted on Three Worlds One Vision:

Syrian Children outside UNHCR Tent - Jordan Refugee Camp

Syrian Children outside their UNHCR Tent – Refugee Camp in Jordan
Photo Credit: UN Refugee Agency (UNHCR) /M. Abu Asaker

We live in a patriarchal world. With relatively few exceptions, our fathers, our men, determine the direction and evolution of our societies. This Father’s Day—with persistent inequality, a permanent state of violence and war, climate mayhem, and escalating destruction of human habitats—I ask: Father, where are you?

Father, where are you when a son goes on a shooting rampage, killing other human beings because he believes he has the right to do so?

Father, where are you when the leaders of our governments send our sons and daughters to fight in illegitimate wars of domination?

View original 216 more words

Dirty Money Outflows High from Guyana – Global Financial Integrity (GFI)

News Americas, WASHINGTON, D.C., Mon. June 8, 2015: Dirty money flows are “pervasive and pernicious in the developing world” and one Caribbean nation has cracked the top 25 list globally, seeing a high illicit financial outflows compared to total trade.

The Washington, DC-based research and advisory organization Global Financial Integrity (GFI) lists Guyana as the only Caribbean country to make the list. In a report titled “Illicit Financial Flows and Development Indices: 2008–2012” and released last week, the GFI included Guyana in the list along with a number of African, Pacific and Central American nations.  Continue reading

GUYANA: Capitol TV News Videos – 19 June 2015

GUYANA: Capitol TV News Videos – 19 June 2015

  • More details emerge in plot to transfer vehicles – Westford, close associates
  • Persons being given chance to hand over state assets voluntarily
  • Three senior state media workers dismissed
  • GeoTech company re-launches operations here
  • Gov’t pushing through anti-money laundering legislation with or without PPP
  • Public Security Ministry going after Crum-Ewing killers
  • Couple escape injury after tree crashes unto bus
  • Sports

Click links below to read the TV News videos:-   Continue reading

GUYANA: Recent News – 18 June 2015

    GUYANA: Recent News – 18 June 2015 – Demerara Waves

$200M frozen…Ramotar Cabinet moves $$$ millions from BoG to private bank

$200M frozen…Ramotar Cabinet moves $$$ millions from BoG to private bank

Irfaan Ali

Irfaan Ali

June 14, 2015 | By The Ministry of Communities has launched a major investigation into the operations of the government-run Scrap Metal Unit and a bank account containing almost $200M that was under the control of the former Minister, Irfaan Ali.

The unit, once controlled by the Ministry of Trade, Industry and Commerce, was placed under Ministry of Housing during the tenure of the previous administration. It was tasked with collecting fees and monitoring the scrap metal industry.
It is how that unit ended up under the control of former Minister Irfaan Ali and a senior staffer, Taslim Baksh that has the new Government perplexed and extremely curious.   Continue reading

GUYANA: LATEST NEWS – 12 JUNE 2015

    GUYANA: LATEST NEWS – 12 JUNE 2015 – Demerara Waves

GUYANA: Capitol TV news Videos – 11 June 2015

GUYANA: Capitol TV news Videos – 11 June 2015

  • Petro Caribe Fund empty – Harmon
  • Clerk rebuffs PPP on swearing in of technocrat ministers
  • Sharma Solomon speaks on future at Region Ten RDC
  • Allicock meets with APA
  • City clean-up continues
  • Activists wants new administration to keep promise to investigate Crum-Ewing’s execution
  • Sports

Click links below to view the TV Videos:   Continue reading

Guyana Govt. retrieves almost $10B from disused bank accounts

Govt. retrieves almost $10B from disused bank accounts

June 11, 2015 | By | Filed Under News
Finance Minister, Winston Jordan Photo: Finance Minister, Winston Jordan

The new Government has managed to retrieve almost $10B lying in “old” bank accounts, a senior Government official confirmed yesterday.
In the past weeks, the Ministry of Finance and its departments have been conducting exercises to determine the state of the country’s finances.

It is unclear why the previous People’s Progressive Party/Civic (PPP/C) government kept that amount of money lying around in virtually unused accounts.  Continue reading

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