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Granger “tired” of exportation of raw materials

President David Granger says he is “tired” of Guyana exporting logs and other raw materials instead of value-added products. “I am tired of seeing logs going out of this country. I want to see furniture going out. I don’t want to see raw gold. I want to see jewellery shops. We have to add value to these important products of ...

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Thirty-seven persons trained in oil-spill response

The Guyana government sought to assure residents that the country was prepared for an oil-spill and all companies engaging in offshore oil extraction must put in place measures to prevent or handle such an incident. “We have to put in place measures, which are more proactive rather than reactive and the companies that are operating offshore Guyana will have to ...

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GuySuco’s Board of Directors must be “competent in sugar”- Harmon; NICIL is not responsible for GuySuco, says Holder

Minister of Agriculture, Noel Holder said the National Industrial and Commercial Investments Limited (NICIL)- the holding company for government’s assets- might not have been properly advised about who is responsible for naming a board for the Guyana Sugar Corporation. “Perhaps, someone didn’t tell NICIL their role,” he said. That Board, under the Chairmanship of Head of NICIL’s Special Purpose Unit ...

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GDF purchasing aircraft

Four fixed wing aircraft, including Skyvans that are no longer manufactured are being purchased for the Guyana Defence Force (GDF) to move troops and assist in search and rescue, Minister of State Joseph Harmon said Friday. “I don’t believe that they are making new Skyvans these days and they are very good factory-tested quality aircraft,” he told a post-cabinet news ...

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Latest ExxonMobil exploration well offshore Guyana virtually dry

United States (US) oil giant, ExxonMobil, on Friday announced that its latest exploration well offshore Guyana has not yielded oil in commercial quantities- the second out of a total of eight wells drilled at the Stabroek Block so far. The announcement was made by ExxonMobil’s Vice President and Secretary, Jeff Woodbury during its first quarter 2018 earnings call. “The Soribrum ...

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Guyanese businesses urged to sell more food, tourism to China as exports recover

As Guyana’s largely forestry-based exports to China recover, local businesses are being urged to explore opportunities to sell more food to that Asian country and attract Chinese tourists when they attend the inaugural China Import Expo to be held later this year in Shanghai. Minister of Business, Dominic Gaskin told a cocktail reception held Wednesday night to raise awareness about ...

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PPP to boycott parliamentarians’ tour of Cheddi Jagan Int’l airport expansion project

People’s Progressive Party (PPP) parliamentarians plan to boycott a tour of the Cheddi Jagan International Airport development project, but intends to ask for an audit of the project that is supposed to cost US$150 million, mostly  through a loan from China. “We are aware that significant alterations and changes have been made to the design. It is our intention, and ...

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US increasing focus on Intellectual Property protection in Guyana

The United States (US) appears to be stepping up its focus on intellectual property protection in Guyana, with American Ambassador, Perry Holloway urging locals not to buy bogus products and welcoming signals that government is about to draft modern copyright legislation. “Today, on World Intellectual Property Day, I salute them and encourage all of us to support local content creators ...

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Vessel with smuggled fuel faces GY$36 million tax bill- GRA boss

A vessel, linked to at least one government official, has been held by the Guyana Revenue Authority (GRA) with more than 200,000 gallons of smuggled fuel and would  be released after GY$36 million in taxes have been paid, Commissioner-General of the Guyana Revenue Authority (GRA), Godfrey Statia said Tuesday. “We have actually boarded the vessel until our taxes have been ...

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