COVID-19 shrinks Republic Bank’s profits by US$68M
Republic Financial Holdings Limited and its subsidiaries continue to feel the squeeze during the COVID-19 pandemic. Today, the company reported that for the nine...
Quality of recent oil finds at Yellowtail complex similar to Liza- Hess COO
Even as it noted that the operator of the Stabroek Block, ExxonMobil, is in the process of evaluating two additional reservoirs at the Yellowtail...
Govt.’s total current revenue increases by 6.7 % for first quarter thanks to taxes
In its latest statistical abstract bulletin for the first quarter of 2020, Central Bank was keen to note that total current revenue for the...
Central Bank says nation must brace for rise in debt and unemployment levels; decline...
In light of the restrictive measures imposed since early March to contain the spread of the coronavirus such as the closure of the Guyana/Suriname...
Economy produced mixed performance for first quarter- Bank of Guyana
According to the latest statistical bulletin of Central Bank, Guyana’s economy registered mixed output performance in a few of its major sectors during the...
Govt. unapologetic about increased public spending; it was done to rectify historical wrongs against...
For some time now, the APNU+AFC Government has faced scathing criticisms about its record of increased public spending. Many within the political opposition have...
Public Sector employment contracts due to loss of hundreds of sugar workers
According to the latest economic report of Central Bank, public sector employment contracted by 0.8 percent at the end of 2019. The financial institution...
Loans and advances to the private sector grew by 8.6 percent last year
Even though the Central Bank has lamented over the years about rising non-performing loans, there was still an increase in the loans and advances...
$34.7B was expended in the public health sector for 2019 – report
A sum of $34.7 billion (of the $35.9 billion budgeted) was expended in the public health sector in 2019, government's "End of Year Outcome"...
Banks , Money Transfer Agency, and Cambios still deficient in anti-money laundering practices –Report...
In keeping with its role to supervise the operations of financial institutions, Bank of Guyana conducted a series of examinations last year. During the...
