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Daily Archives: November 5, 2015

Agriculture development banks are bad for business- expert

As Guyana prepares to reintroduce an agricultural and industrial development bank, an agri-financing expert at an intra-regional financial agency says such financial institutions make no sense and discourage the growth and development of agricultural businesses. “No, I don’t think it’s a good idea. There are many, many subsidies on that type of subsidized schemes. Basically, if you make money too ...

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Impose taxes, remove concessions on foreign food imports- Caribbean Export’s official

The Executive Director of the Caribbean Export Development Agency, Pamela Coke-Hamilton Thursday said the region should eventually impose tax measures to restrict the importation of foreign foods to help stimulate demand for those produced in the region. “There are disincentives …They already have all these incentives to bring in things that frankly we don’t need, replace things  that we could ...

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Private Sector Commission, govt at odds over proposed law to allow GRA to access customers’ bank records

The Private Sector Commission (PSC) has serious concerns about the impending amendment to the law that would allow the Guyana Revenue Authority (GRA) to ask banks to hand over customers’ account information. The amendment that is currently before the National Assembly is not there with the blessings of Guyana’s  private sector, despite the Bill having a major impact on the ...

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Guyana to introduce witness protection law

Witnesses with valuable information in important court cases would soon be granted protection including change of their identities. Minister of Governance, Raphael Trotman announced Thursday that the government would soon be tabling Witness Protection legislation in the House. He said Guyana’s witness protection programme would see witnesses having access to safe houses and new identities wherever possible. Trotman told reporters ...

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Head of University of Guyana Law Department dies

The Head of the University of Guyana’s Law Department, Sheldon Mc Donald died Wednesday night, several days after he was involved in a vehicular accident. The Jamaica-born Mc Donald was one of the early architects of what is now the Caribbean Court of Justice (CCJ). Although his condition was listed as serious, students and family members have been plunged into ...

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Private sector key to agri-business development but govt still important player

The private sector is key to driving the development of agriculture businesses but at the same time there is a crucial role for other stakeholders should the market falter,  the Executive Director Director, ACP/EU Technical Centre for Agricultural and Rural Cooperation (CTA), Michaeil Hailu said Thursday. Addressing the opening of the 2nd Caribbean Agri-Business Forum at the Lloyd Erskine Sandiford ...

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IPED mulls advance payment system for rice farmers

Guyana’s Institute of Private Enterprise Development (IPED) will consider introducing a quick-payment system to rice farmers but a top banker in Suriname is cautious about having such a system without the necessary safeguards. Chief Executive Officer of IPED, Ramesh Persaud said he learnt of the service known as factoring while participating in an agri-business financing session at the Caribbean-Pacific Agri-Business ...

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