Category: News

By Alexis Rodney With exploration company Exxon Mobil announcing that it has discovered oil during its drilling in the Stabroek Offshore Guyana, President David Granger said it becomes even more important for his administration to set up a Sovereign Wealth Fund (SWF) A SWF is defined as pools of money derived from a country’s reserves, which are set aside for investment purposes that will benefit the country’s economy and citizens. The funding for a Sovereign Wealth Fund comes from Central Bank reserves that accumulate as a result of budget and…

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By Gomatie Gangadin Five of the 14 local observers, which were accredited for Monday’s General and Regional Elections, have given thumbs up to the Guyana Elections Commission (GECOM) for the hosting of what they described as “free and fair elections”. The five local observer missions comprising of the Private Sector Commission (PSC), the Electoral Assistance Bureau (EAB), the British High Commission, the United States Embassy and the Canadian High Commission have all given GECOM thumbs up for the recently held National and Regional Elections. Speaking at a press conference at…

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… as Govt seeks to keep pharma supply chain intact In a banner headline Saturday, the Stabroek News screamed, “Over Gy$2B speeded up for NEW GPC INC – no drugs supplied yet”. It was a clear effort to smear the NEW GPC, the company which had emerged as the only one of the seven bidders in 2014 to fulfil the World Health Organisation/Wor-ld Bank inspired National Procurement and Tender Administration Board (NPTAB) criteria to become pre-qualified to supply pharmaceuticals to the Ministry of Health and the Georgetown Public Hospital Corporation.…

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Chairman of the Guyana Elections Commission (GECOM), Dr Steve Surujbally has justified the procedure utilised by the elections body as satisfactory as he opined that voting across the country was smooth for the most part. Chief Election Officer Keith Lowenfield, said that for any multi-voting, it has to be in collaboration of all present at a polling station.  Both GECOM staffers noted UNASUR’s earlier praise of the system GECOM had put into place for the election, pointing out that the organisation had said that GECOM had gone above and beyond…

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…after objecting to editor ‘twisting his story’ Leon Jameson Suseran, a reporter attached to the Kaieteur News media outlet, was sacked by the company after he voiced his concern over the newspaper’s distorted version of an article he had written about the People’s Progressive Party Civic (PPP/C) Albion Rally on Sunday. Taking to social media to express his outrage over the situation, the reporter explained that the Kaieteur News’ headline article in its Monday, April 20 edition was titled “Jagdeo spreads fear at Albion to win back Berbice” and the…

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Private Sector Commission (PSC) Chairman Ramesh Persaud has expressed disappointment at the Opposition’s scuttling of a presidential debate it had organised between President Donald Ramotar and his rival for the May 11 elections, David Granger. In fact, he condemned what he called the immature behaviour of the People’s National Congress (PNC)-led A Partnership for National Unity/ Alliance For Change (APNU/AFC) coalition and the People’s Progressive Party/Civic (PPP/C) for creating unnecessary ruckus over a simple debate. Persaud recognised with great alarm, the failure of the two major political forces in Guyana…

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By Gomatie Gangadin President Donald Ramotar on Wednesday promised the business and private sectors in Guyana several major developmental plans should his Government be returned to power on May 11 when General and Regional Elections are held in the country. Among these, he said, will be the issuance of commercial bank licences to reputable banks to operate. Speaking at the Presidential Candidates’ Business Luncheon, which was organised by the Guyana Manufacturing and Services Association (GMSA), the Presidential Candidate for the People’s Progressive Party/Civic (PPP/C) and current president told the business…

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By Devina Samaroo Former President and People’s Progressive Party/Civic (PPP/C) Executive Bharrat Jagdeo joined his Party colleagues in condemning the behaviour of Health Minister, Dr Bheri Ramsaran for his remarks against rights activist Sherlina Nageer. “First of all, personally I think it should have never happened, it was very distasteful, and we should never say anything about anyone, particularly a woman…,” Jagdeo told media operatives during a press conference at Freedom House on Wednesday. Nageer and Dr Ramsaran were on Monday involved in a very heated confrontation outside the Whim…

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The NEW GPC INC is once again being falsely accused of benefiting from “sole sourcing” in its supply of pharmaceuticals to the Ministry of Health and the Georgetown Public Hospital Corporation (GPHC). This has been repeatedly refuted by several stakeholders – including the Ministry of Health, the Secretary to the Cabinet and indeed, the NEW GPC itself, over the years. The company republishes the information below because it concerns a matter that is life and death to Guyanese – the pharmaceutical supply chain – which should not be made into…

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