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Power restored to all areas following massive blackout

Guyana Power and Light (GPL) Chief Executive Officer, Renford Homer said power has been restored to all areas following widespread blackouts on Sunday and Monday. He said that normally it would take one hour, but this time it went beyond that time due to a particular issue. The Acting CEO was at the time giving an update on the recent ...

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Fmr. Attorney General takes VAT law restriction on leaving Guyana to High Court

People’s Progressive Party Civic (PPPC) parliamentarian, Anil Nandlall on Tuesday challenged the constitutionality of an recent amendment to the tax laws that seeks to prohibit persons who owe Value Added Tax from leaving Guyana until they pay up or make acceptable arrangements to do so. The application will be heard on February 24, 2017. In court papers seen by Demerara ...

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City Mayor’s attendance at Town Hall meeting crucial to future of metered parking- MAPM

As the Mayor and City Council continues its consultations with stakeholders on the controversial parking meter system, the largest organised vocal group- Movement Against Parking Meters (MAPM) – on Monday insisted that the existing contract must be scrapped. Group spokesman, Christopher Chapwanya told Demerara Waves Online News that although he and other group members want the deal abandoned, they believe ...

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Canadian mining company offers security agencies lessons in drone technology; no response received

The Canadian-owned Guyana Goldfields / Aurora Gold Mines (AGM) is offering to train Guyana’s security personnel in the use of drones, but so far government has not responded, a senior company official said Sunday. AGM uses the unmanned aircraft to survey its mine properties, monitor the environment and conduct security surveillance of the area in western Guyana. The company’s Country ...

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Guyana Goldfields/Aurora Gold Mines identifies more gold deposits; purchases more mills

Guyana Goldfields/ Aurora Gold Mines (AGM) is preparing to expand operations in the western part of the country where it has found more gold deposits, officials said Sunday. Chief Executive Officer, Scott Caldwell said in preparation for the extending the life of the Aurora mine, the company has purchased a mill extension at a cost of US$70 million. The CEO said the ...

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Procurement Commissioners draw super salaries despite inactive Commission

Although the public procurement commissioners were appointed by President Granger and paid monthly super salaries since last October, the Commission remains inactive due to the lack of staff for its work. Once the commission comes into being, it will assume Cabinet’s responsibility of granting No Objections to multi-million and billion dollar contracts for public infrastructure work. Cabinet Secretary and State ...

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Foreign exchange rate control already fueling higher underground rates; shortage due to several reasons; rate control possibly illegal

Just days after the Bank of Guyana began controlling foreign exchange rates at Cambios and commercial banks for the first time since 1989, concerns are being raised about the legality of that move even as forex traders on the streets are offering more than the officially prescribed rates. Cambios  on Thursday displayed that they were buying United States (US) dollars ...

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New Building Society challenges parking meter bylaws

The New Building Society (NBS) is challenging the legality of the parking meter bylaws that have been approved by Minister of Communities (Local Government), Ronald Bulkan. NBS’ Chief Executive Officer, Anil Kishun said in an affidavit in support of motion that the parking meters has badly affected his financial institution’s customers and employees. “It has caused us great loss and ...

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