Demerara Bank opens Gy$460M Diamond branch

Last Monday, Demerara Bank Limited opened a Gy$460 million branch at Diamond, East Bank Demerara, taking the number of its offices countrywide to four. However, that number will soon be changed to five, as work is underway to have another location commissioned on the East Coast Demerara in the near future. The Demerara Bank edifice is located in the new commercial area along the Diamond Public Road, which already accommodates branches of Republic Bank and the Guyana Bank for Trade and Industry Limited (GBTI). The new Demerara Bank building sports…

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David Granger is PNCR presidential candidate

By Janelle Persaud   Retired Brigadier General David Granger has been elected the presidential candidate for the People’s National Congress Reform (PNCR) party, after a tight contest at a Special Delegates Congress at that party’s headquarters at Sophia. He defeated former finance minister in the PNC government, Carl Greenidge, by 15 votes when he secured 279 votes in a contest that took approximately four hours and was decided after exactly two counts. When this final announcement was made, rapturous celebration erupted among ecstatic supporters sporting green jerseys labelled “Granger… a…

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Govt slashes excise tax on diesel as oil prices soar

Finance Minister Dr Ashni Singh announced on Thursday, February24th, that government recently took steps to reduce the excise tax on diesel from 20 to 15 per cent as the world price for oil increased, and diesel prices also increased. In making the announcement, Minister Singh indicated that this decision was taken at a time when external conditions, including developments in the Middle East, had driven the price for crude oil to over US$100 per barrel, compared with less than US$80 per barrel just four months ago. Minister Singh stated that…

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Guyana to sign U. S. security initiative

Guyana is expected to sign the Letter of Agreement to participate in the Caribbean Basin Security Initiative (CBSI) with the United States, Cabinet Secretary Dr Roger Luncheon announced on Thursday at his weekly post-cabinet media briefing. The agreement is likely to aid with issues of counter-terrorism, illicit trafficking, social injustice, money laundering, and other financial crimes. “The agreement will see the promotion of public safety, social justice and illicit trafficking. The two main components are financing the variables of terrorism, money laundering and other financial crimes,” Luncheon explained. The cabinet…

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New GDF officers urged to play role in future development

President Bharrat Jagdeo on Thursday urged 51 newly-commissioned officers to be aware of the role they can play in Guyana’s future. He stated that, as members of the disciplined forces, they have a significant contribution to make. The ensigns were a part of the Standard Officers’ Course # 43 and the Reserve Officers Course # 15, which commenced last year. During his feature address, the president congratulated the ensigns and explained that, over the years, Guyana has made several strides as regards development, which therefore leaves much to be protected.…

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Georgetown explodes with colours, revelry

By Bhisham Mohamed An explosion of colour, music, revelry, and creativity swamped Georgetown on Wednesday, as Guyana celebrated its 41st republic anniversary with the traditional Mashramani costume and float parade. With its massive costume bands, spectacular costumes, pulsating music and the unrivalled stamina of revellers, Wednesday’s event was indeed something to remember. The parade saw more than 38 floats comprising hundreds of revellers vying for the top spot in various categories. The parade took off from Camp and Church Streets around 10: 30 hours. The young, the old, persons from…

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T&T sees potential for joint food production with Guyana

– lauds country’s climate change fight Foreign Affairs Minister of the sister Caricom state of Trinidad and Tobago, Dr Surujrattan Rambachan, has said that tremendous potential exists for Port of Spain and Georgetown to collaborate on increasing food production in the region. He also pledged his country’s support to help Guyana if oil is discovered here. Rambachan made the comments during an exclusive interview with this newspaper in Port of Spain over the weekend. With food prices soaring internationally, Guyana’s ability to again become “the bread basket of the region”…

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Dr Raj Singh, re-elected ACG Chairman

By Natasha Waldron Anthony Dr Raj Singh, of the Association of Concerned Guyanese (ACG) in the USA, has been re-elected chairman of that body following its annual congress last Sunday in New York. He told Guyana Times International that the congress, constitutionally due before the end of February each year, has seen the election of some new members. Singh said: “They re-elected the executive committee, (but) there were some changes. Basically, the chairs of all the sub-committees will put together a programme for their sub-committees for the rest of the…

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Shieldstown man killed in drunken brawl

Police have arrested a 19- year-old Rosignol resident for fatally stabbing another man at Rosignol, West Coast Berbice early on Tuesday morning. Dead is cane harvester Bharat “Sunil” Thatpaul of Shieldstown Settlement, Blairmont, West Bank Berbice. The incident, which occurred at the Rosignol Ferry Stelling, ended an all-night drinking spree involving the deceased and two friends. At the dead man’s residence, his widow, Omawatie Basdeo, 21, was being comforted by neighbours and relatives, who were shocked at the fate of Thatpaul who was described as hard working and friendly. Basdeo…

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Defreitas gets life for terror plot

Guyanese-born U.S. citizen Russell Defreitas was sentenced to life in prison for leading a foiled plot to blow up New York’s John F Kennedy International Airport. Defreitas, 67, a former cargo worker at the airport, was sentenced on February 19, by U.S. District Judge Dora Irizarry in Brooklyn, New York. A jury found Defreitas and a co-defendant guilty in August. “This was his baby,” Irizarry said. “This was his plan.” The attacks, hatched by Defreitas in 2006, were designed to blow up fuel lines and tanks and, ultimately, “the whole…

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