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Author Archives: Denis Chabrol

Granger floats idea of “social compact”, tells GPSU time for confrontation is over

President David Granger raised the possibility of a “social compact” as part of wider call for greater cooperation between government and the Guyana Public Service Union (GPSU). “We need to establish among ourselves some form of social compact, particularly between the State and the servants of the State. We have to work together. What happens out there is not only ...

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Bandits cart off GY$13 million worth raw gold, shoot security guard at interior mining camp

Armed, masked foreign language-speaking bandits shot and injured a guard before carting off 50 ounces of raw gold worth GY$13 million, two guns and other items from a gold mining camp at Black Water Backdam, Cuyuni River, police sources said. Investigators said when the bandits opened fire, the guard named Stephen Hall, 55 years, of Section B Great Diamond, was ...

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Virtually incident-free gay pride parade held in Guyana to demand election promises

Guyana held its first gay pride parade, with the country’s gay rights activists accusing the three-year old government as well as the opposition of breaking their election campaign promises to outlaw discrimination against vulnerable groups. “We are saying enough of the rhetoric, enough of the promises. It is time to make good on the legislative changes that we heard about ...

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NICIL launches GY$30 billion fixed rate bond to raise money for ailing GuySuco

The National Industrial and Commercial Investments Limited (NICIL) officially issued a US$ 150 million equivalent bond facility, arranged by Republic Bank Limited exclusively through its Investment Banking Division, the holding company for government’s assets said in a statement. The local law firm London House Chambers, headed by Devindra Kissoon,  acted as Republic Bank’s transaction attorney. The bond will be issued ...

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Assessment team heads to collapsed South Rupununi bridge; road users to be held “accountable”

The Ministry of Public Infrastructure on Saturday deployed a team to the South Rupununi to assess damage to a key bridge that collapsed under the weight of a flatbed truck that was carrying an excavator. The assessment would focus on the “severity of the damage and cost to rehabilitate the Yamatwao bridge. “The overweight vehicle  overextended the bridge’s capabilities, thereby ...

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GBTI promotes early saving habits – awards Early Savers

The Guyana Bank for Trade and Industry (GBTI) has said it continues to promote savings especially among youths, and gives an incentive to those already doing so to encourage others to join the bank;s Early Savers Club. “GBTI continues to promote savings. The bank believes that an early start to good saving habits could influence a good lifestyle,” the bank ...

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Contracts inked for deplorable Linden-Lethem/Kwakwani roads; major works to start after rainy season

After a prolonged delay in allocating an estimated GY$2.2 billion for repairs to the badly deteriorated Linden-Lethem and Linden to Kwakwani Roads, only minor works could be done until the rainy season ends with the eventual setting aside of GY$650 million, officials said. Motorists have told Demerara Waves Online News that so far three trucks have toppled, and the recommended ...

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‘Otisha’ charged with sexual offence

Homosexual  and outspoken gay rights activist, Otis “Otisha” Pearson was Friday charged with a sexual offence he allegedly committed last year on a teenage boy. The forty-year old Pearson of 61 Station Street, Kitty, Georgetown was not required to plea to the indictable charge. City Magistrate, Leron Daly granted Pearson GY$300,000 bail and ordered that he return to court om ...

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US helps tighten Guyana maritime’s port security; international compliance jumps to 84 percent

The United States (US) on Friday said it has so far spent more than US$100,000 to help Guyana tighten its maritime port security, resulting in increased compliance with the International Shipping and Port Security (ISPS) code that helps minimise terrorist threats. American Ambassador to Guyana, Perry Holloway said assessments by the US Coast Guard cost about US$100,000 and a Port ...

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