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Guyana considers Suriname’s gold export model… Guyana exporting plenty gold but little foreign exchange earnings circulating

Guyana’s recent foreign currency shortage appears to have caused government to consider adopting Suriname’s model to ensure that more earnings from gold sales goes directly to the national treasury. “Suriname has a model which we are looking to incorporate in whole or part here so we want to facilitate trade but the function of the licensed dealers, as agents of the ...

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New water treatment plant, other upgrades slated for Region Two

Region Two residents can expect an improved supply of water as the Guyana Water Incorporated (GWI) moves to upgrade its service in the region. The Government Information Agency (GINA) reported on Tuesday that the water company has several initiatives underway geared at ensuring all communities in Essequibo receive adequate potable water.  Project Coordinator, GWI, Region Two, Rabindra Deonarine said one ...

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Anna Regina power plant to be set up by third quarter

A new generation unit for the Guyana Power and Light’s station at Anna Regina (GPL) is expected to arrive before the end of 2017, Generation Engineer for Region Two, Lindsey Shepherd said. In an interview with the Government Information Agency (GINA), Shepherd explained that there are currently two generation sets in the Region, one at Anna Regina which houses three ...

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Stiff penalties for conflict of interest in broad-based Petroleum Commission; body to ensure Guyana gets correct amount of oil

The proposed 10-member board of the Petroleum Commission will include representatives from civil society and the parliamentary opposition, and the Commissioner of Petroleum and board members can be fined and jailed for taking gifts and engaging in other forms of conflict of interest. The Commission will also ensure that Guyana is not cheated of its oil and gas. Responsibilities will, ...

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President appeals for political collaboration in Region Two

President David Granger has appealed for an end to political bickering in Region Two (Pomeroon-Supenaam), which is controlled by the main opposition People’s Progressive Party (PPP). “We are aware that the Region faces challenges, but we have to work together to overcome those challenges. One of the challenges is [that] of political collaboration. Another challenge is of social cohesion. These ...

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CLICO’s Duprey asks for evidence of debts owed in Guyana …now set sights on local housing sector

by Gary Eleazar Majority shareholder and principal owner of Colonial Life Insurance Company (CLICO), Lawrence Duprey has set his sights on billion dollar local housing market and has asked for evidence to back of the claims of debts owed in Guyana—a request that the Central Bank is currently responding to. Finance Minister Winston Jordan confirmed this today (April 7, 2017) ...

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Stats Bureau gets permanent home in $160M rehabilitated ‘Customs House’

by Gary Eleazar Relocated from Kingston, to the former Customs House Building on Main Street—now rehabilitated at the tune of GYD$160M—the Bureau of Statistics has been called on to evolve from an institution that merely generates information but in fact provides that information in a more readily accessible manner to the citizenry, in addition to foreign investors and other interests. ...

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Digicel awarded contract to fix Guyana’s 911 emergency phone call system

Minister of Public Security, Khemraj Ramjattan, Wednesday said that the 911 emergency telephone line is one step closer to being fixed. The Minister noted that clearance has been given to Digicel (Guyana) Limited to ship the equipment needed to have the 911 system back up and running. “Digicel won the contract for purposes for getting the equipment to be installed ...

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