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Three-year tourism fund paying dividends

A three-year-old Tourism Development Fund (TDF) has raked in almost GYD$5 million that has been used in a couple of areas to help boost Guyana’s tourism product, but large hotels are yet to clear a hurdle to begin contributing to the vital cash source, President of the Tourism and Hospitality Association of Guyana (THAG) Mitra Ramkumar said Friday. The TDF ...

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Occupational safety visits to Guyana offshore drill-ships too costly for Labour Department to conduct

The Labour Department cannot afford the money to inspect oil exploration vessels offshore Guyana to ensure they are complying with the country’s occupational safety and health laws, Labour Department Consultant Francis Carryl said Friday. “When we can afford to go out there, we will go to see exactly what is happening and I doubt whether we can go more than ...

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Duncan back at Chronicle; staff to petition President; Jagdeo cites AFC internal politics for reinstatement

Sherod Duncan on Thursday resumed duties as General Manager of the Guyana National Newspapers Limited (GNNL), publisher of the Guyana Chronicle, a move that apparently prompted several staff members to sick out and craft a petition to President David Granger urging him to reverse Prime Minister Moses Nagamootoo’s decision. Opposition Leader Bharrat Jagdeo also on Thursday accused the Alliance For ...

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Top AFC official frowns on PM instruction to withdraw Chronicle GM dismissal

A senior official in the leadership of the Alliance For Change (AFC) Wednesday night poured cold water on Prime Minister Nagamootoo’s instruction to the Guyana Chronicle’s Board of Directors to withdraw its decision to sack Sherod Duncan from the post of General Manager over alleged financial mismanagement. The official told Demerara Waves Online News on condition of anonymity that Duncan’s ...

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Guyana rules out funding replacement ferry to Suriname

Guyana on Wednesday ruled out funding the replacement of the ailing MV Canawaima ferry, saying the jointly-owned company with Suriname must use the money to repair the 20-year-old vessel. “There is no onus on Guyana to fund the replacement of the service either temporarily or permanently. The joint company has to ensure that the monies collected by or on behalf ...

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GPL rolls out emergency plan to reduce blackouts

Guyana Power and Light Inc. on Wednesday said fixing the damaged submarine cable-link between Kingston and Vreed-en-Hoop power stations will take several weeks, and so efforts are being made to boost generation capacity. Chief Executive Officer, Albert Gordon told a news conference that as part of its emergency response, the power company is hoping to seal power purchase agreements with ...

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GuySuCo denies withholding information from NICIL on spending GYD$30 billion

The Guyana Sugar Corporation (GuySuCo) on Tuesday denied accusations that it has not been accounting for more than GYD$7 billion disbursed from a GYD$30 billion bond, and insisted that it does not have to report to government’s holding company for state assets. GuySuCo’s Chief Executive Officer, Dr. Harold Davis Jr., in an initial reaction pending a comprehensive response to claims ...

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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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