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Barbadian ship to purchase Guyana’s produce

Reproduced from Barbados Nation by Sherrlyn Toppin MY MID-JUNE, the schooner Ruth should be making its maiden voyage to Guyana to purchase the first set of produce and possibly seafood for sale on the local market. For almost a decade, the massive vessel was a landmark behind the old fish market on Bay Street, St Michael. “Ruth is in the ...

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Hundreds of shrimp processing workers to be laid off

More than 300 workers of the privately-owned BEV Enterprises will be laid off next month, leaving them with few choices to earn a daily living. A number of the workers said their last day of work will be July 15, 2018. At least 17 trawlers owned by individuals and one company are faced with the grim possibility of docking their ...

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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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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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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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GRA seizes GY$6 million in smuggled liquor

The Guyana Revenue Authority said it seized  GY$6 million worth of smuggled liquor. The 50 cases of  foreign alcohol were seized by the GRA’s Law Enforcement and Investigation Division (LEID) from an unnamed location on the East Coast Demerara on May 30, 2018, the authority said. One person was arrested and subsequently put on bail, the GRA said. “The GRA ...

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