Daily Archives: 05/14/2014

Anti-Money Laundering Bill…hike in foreign currency rates feared

Anti-Money Laundering Bill…Local businesses brace for hike in foreign currency rates

US Dollar Notes

US Dollar Notes

MAY 11, 2014 | BY  |

The non-passage of the Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Bill by this month-end would see financial hardships threatening Guyana’s economy.
This view was expressed by Nazar Mohamed, General Manager of Mohamed’s Enterprise, recently.

According to Mohamed, there is currently no shortage of foreign currency on the local market. He assured that there is no problem in customers getting money transfers or cash from commercial banks to conduct business. There may be instances where a customer would be asked to wait a day or two but there is no lengthy delay. However, a matter of concern is the hike in exchange rate for US dollar as against the Guyana dollar.

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Dr. Yesu Persaud chronicles life in gritty autobiography

Dr. Yesu Persaud chronicles life in gritty autobiography

 “Reaching For The Stars – The Life of Yesu Persaud”

MAY 11, 2014 | BY 
Dr. Yesu Persaud with his book.

Dr. Yesu Persaud with his book.

His life is a story that tells how one man made a phenomenal rise from humble beginnings to becoming one of Guyana’s top businessmen.
With the award-winning El Dorado 15-Year-Old Special Reserve rum, he has placed the country on the world map.

Dr. Yesu Persaud’s role also as a key negotiator in the critical 1970s overseeing the nationalization of Bookers, one of the most powerful companies in Guyana, and his establishment of several advocacy bodies and businesses in other sectors, have left an indelible mark not only because of the jobs he created under his watch, but because of how far-reaching his vision was.   Continue reading

Bless us, Mothers, as we falter – by Rura

Bless us, Mothers, as we falter

by Rura

Young girls are the only promise
of an Earth future as we know it
of a human voluntary Mothers’ pool
the most precious pool planet-wide

May 9 at 2 a.m. I had no verse
for Mothers’ day.
The hour I woke I set aside the work to vindicate the martyr, Walter
to add voice to the world wide cry
to save the Mothers’ Pool of Life in Africa
a pool made free and voluntary by Women’s resistance.
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