Bottlenecks, bureaucracy restricting small business growth – Ramotar

(www.stabroeknews.com) In the wake of delays being experienced in the commencement of the disbursement of loans and grants to local micro and small business under the Micro and Small Enterprise Development (MSED) project funded under the Low Carbon Development Strategy (LCDS), President Donald Ramotar has said that government’s efforts to create an enabling and supportive […]

Republic Bank announces compliance with US FATCA legislation

(stabroeknews.com) A week before the local commercial banking system is expected to become compliant with the provisions of the United States’ Foreign Account Tax Compliance Act (FATCA), Republic Bank (Guyana) Ltd has announced that it will shortly be communicating with its customers in Guyana who are expected to be affected by the provisions of the […]

GCCI launches 5th edition of Business Magazine

[www.inewsguyana.com] – The Georgetown Chamber of Commerce and Industry (GCCI), last evening (Friday, June 20) launched the 5th edition of its Business Guyana magazine which was recognized as the highest income earner for the Chamber. The magazine, which underwent a major metamorphosis last year retained several familiar features such as the Ram and McRae Investment Supplement […]

Our Member, New Guyana School boy tops National Grade 6 Exams

(stabroeknews.com) New Guyana School student Jorrel De Santos topped the country at this year’s National Grade Six Assessment (NGSA), leading a crowd of high scoring performers from private schools. De Santos, 12, gained the top spot among the 15,277 students who were entered for the assessment, scoring 533 marks out of a possible 540 marks […]

GECOM restates readiness for local gov’t polls once order given -system explained at Chamber forum

(www.stabroeknews.com) The Guyana Elections Commission (GECOM) yesterday reiterated its readiness to hold local government elections once it is called on by government to do so and several of its senior officials explained to stakeholders the system under which the next such elections will be held. The Savannah Suite of the Pegasus Hotel was packed as […]

LGE can’t be held at Gov’t discretion; Alexander trashes President’s explanation for non-accent to Bill

[www.inewsguyana.com] – Commissioner of the Guyana Elections Commission (GECOM), Vincent Alexander has sternly advised that Local Government Elections should not be held at the discretion of the government of the day. He was at the time making a presentation at a Public Forum, organized by the Georgetown Chamber of Commerce and Industry (GCCI), at the Pegasus […]

Republic Bank official talks CFATF ‘name-and-shame’ implications on banking sector

(www.guyanachronicle.com) MANAGING DIRECTOR of Republic Bank (Guyana) Limited (RBL), Mr. John Alves, has noted that what continues to persist over the past nine months in the Banking sector is a slowdown of activities as a result of due diligence measures being applied by the banks consequent to the decision of the Caribbean Financial Action Task […]

PSC Chair welcomes CDB’s commitment to enhance access to financing

(www.guyanachronicle.com) PRESIDENT of the Caribbean Development Bank (CDB), Dr. Warren Smith, on Thursday underscored the role of the private sector when he said: “A number of governors alluded to the important role of the private sector in creating employment opportunities and in complementing public sector investment in infrastructure… And CDB will continue to strengthen its […]

Damaging the country’s best interest is not a political strategy –it’s political foolishness

(guyanachronicle.com) FORMER President of the Georgetown Chamber of Commerce and Industry (GCCI), Clinton Urling has described the failure of the National Assembly to pass the critically needed Anti-Money Laundering Bill as “political foolishness”. Noting  that Guyana’s blacklisting is bad news for everyone, and not just the business community, Urling said that the move would have the […]

Press Release – Failure to Pass Anti-Money laundering Legislation in Guyana

JUNE 2, 2014 PRESS RELEASE FAILURE TO PASS ANTI-MONEY LAUNDERING LEGISLATION IN GUYANA The Georgetown Chamber of Commerce and Industry is extremely concerned and disappointed with the news that Guyana has been referred to the international Financial Action Task Force (FATF) for further action because our continuing  failure to pass the required Anti-Money Laundering Legislation. […]