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Drought affecting agri sector

The drought has begun battering Guyana’s agriculture sector, forcing authorities to begin pumping water into the drying up conservancies. Briefing a high-level multi-sectoral meeting on the El Nino situation, Agriculture Minister Noel Holder said efforts would be made to pump water to support agricultural areas but also explore ways in which water can be retained in a controlled manner for ...

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Republic Financial Holdings Limited Records US$48.2 Million Profit

The Trinidad-headquartered Republic Financial Holdings Limited (RFHL) has recorded a profit attributable to shareholders of US$48.2 million, for the quarter ending December 31, 2015, the company said in a statement. This represents an increase of 3.1% over the corresponding period in 2014. Total assets of RFHL stood at US$10.3 billion at December 31, 2015, which, when compared with that of December ...

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Winston Brassington quits NICIL

Winston Brassington has given up his job as Head of the National Industrial and Commercial Investments Limited (NICIL), according to a Finance Ministry spokeswoman. She said Brassington’s contract expired on December 31, 2015 and he formally indicated that he would not be renewing it. That disclosure came hours after Demerara Waves Online News first reported that as of 20th January, ...

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Bank of Baroda robbers remanded to prison

 Three men were Wednesday arraigned for a GYD$2 million robbery committed on the Bank of Baroda’s Mon Repos branch, East Coast Demerara. They are 34-year old Sean Anthony ‘Rattie” Aaron of ‎ ‎317 North East La Penitence, 28-year-old Kennard Jabbar of 88 Freeman Street, and graphic artist 39-year old Eon Campbell.  They were not required to plea to the indictable charge ...

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Budget 2016: Jagdeo wants “huge” salary increases for public servants

Opposition Leader Bharrat Jagdeo has huge expectations of the APNU+AFC administration relative to the 2016 Budget slated for presentation on Friday January 29. Jagdeo at a press conference on Wednesday read out some of his expectations on what he hopes to see as part of the 2016 Budget. Those include salary increases and tax reductions. He said that there should ...

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Robert Persaud registers company in Florida

Former Minister of Natural Resources and the Environment, Robert Persaud and his wife have set up a company in Florida to “conduct any and all lawful business.” According to incorporation records seen by Demerara Waves Online News, registration for I-Power Services Inc. was filed on February 10, 2015, three months before the May 11, 2015 general and regional elections. Since ...

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Brassington now heading pallet company in Florida

The Head of the National Industrial and Commercial Investments Limited (NICIL), Winston Brassington has taken control of a pallet-manufacturing company in Miami, Florida, according to records seen by Demerara Waves Online News. Brassington’s taking over of A 1 Pallet Supply Inc. has come at a time when he should have been back in Guyana already from leave that he proceeded ...

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Housing department to correct faulty turn-key houses

Home owners are set to get some relief as the Housing Department’s,  Central Housing and Planning Authority (CHPA) is moving to correct the badly constructed houses provided under the ‘Turn key Homes’ project at Providence, East Bank Demerara, according t the Government Information Agency (GINA). Over the years, beneficiaries have been complaining about the shoddy work which was done on ...

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University of Guyana lecturer invents cactus-based technology to disperse oil spills

A University of Guyana Lecturer has invented technology that could use cactus to help deal with oil spills. Lecturer in the Department of Chemistry, University of Guyana, Dr Dawn Fox, has been listed as an inventor on US Patent 9,163,374 issued October 20, 2015, the institution announced Tuesday. “The patent was issued for an innovative technology: using cactus mucilage as ...

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BREAKING: Former GPL board member, Carville Duncan charged with stealing power company’s money

The President of the Federation of Independent Trade Unions of Guyana (FITUG) and the Guyana Labour Union,  Carvil Duncan was Tuesday placed on GYD$1M bail in connection with three charges in his capacity as a former board member of the Guyana Power and Light. Police alleged that on March 31, 2015 at Georgetown, he stole GYD$984,900, property of GPL; on the same day at Georgetown, he ...

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