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Daily Archives: June 3, 2019

Submarine cable fault causes blackout in several Berbice, Georgetown, East Bank Demerara areas

The Guyana Power and Light (GPL) said numerous areas in Berbice, Georgetown and East Bank Demerara would Monday night have no electricity due to a fault along sections of its submarine cable that links the Vreed-en-Hoop to Kingston power stations. “On Sunday night, June 2, the submarine cable which links our Kingston and Vreed-en-Hoop Stations developed a suspected fault along ...

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“There is no upsurge in crime in the State of Guyana”- Police Commissioner

Guyana’s Police Commissioner, Leslie James on Monday declared that there is no spike in crime in the country, despite repeated daily reports that pedestrians and businesses are being robbed almost on a daily basis. James instead attributed the perception of increased crimes to “sensational” media reports. He assured the Guyanese diaspora and visitors that crime is not on the increase. ...

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GuySuCo not showing how GYD$30 billion bond being spent; bondholders “unhappy”- NCIL

The National Industrial and Commercial Investments Limited (NICIL) on Monday said holders of a GYD$30 billion bond to help revive the Guyana Sugar Corporation (GuySuCo) have begun asking questions about how the State-owned corporation has spent GYD$7.4 billion dollars disbursed so far. “The bondholders and the trustees are not happy with the information coming from NICIL,” Head of NICIL, Colvin ...

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Rose Hall estate may be sold to Ghana-India-Guyana consortium; GuySuCo fails on vital information to NICIL

An Indian-Ghanaian-Guyanese consortium is likely to buy out the Rose Hall sugar estate, the first of three that is on the selling block, government’s holding company of state assets announced Monday. Officials said they hoped to seal the deal by July, 2019. Head of the National Industrial and Commercial Investments Limited’s Special Purpose Unit (NICIL-SPU), Colvin Heath-London said the consortium ...

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