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Opposition to complain to IDB about public procurement

Opposition Leader, Bharrat Jagdeo on Thursday announced that he would be complaining to the Inter-American Development Bank (IDB) about opaque procurement processes, a day after that hemispheric bank said it would be assisting Guyana to set up a special mechanism to fast-track projects. “The IDB needs to know that the lack of delivery on the contracts is not because they ...

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ExxonMobil finds more oil in new well offshore Guyana

IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM) on Thursday announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect. An ...

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Hinterland agriculture value-added diversification programme to be launched

  Guyana’s Ministry of Agriculture has launched a value-added agricultural programme aimed at diversifying agriculture and other economic activities in the hinterland. The Ministry of Agriculture’s focus for Agriculture month 2017 is ‘Food Security and Hinterland Development: A National Priority’, however, this message will be promoted by the government throughout incoming years to emphasise the need for diversification of local ...

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Construction of Bath storm victim’s house delayed -forced to sleep in a makeshift shack under destroyed house.

One of the victims of the recent freak storm at Bath Settlement on the West Coast of Berbice is yet to receive proper assistance from the Government after Prime Minister Moses Nagamootoo visited the area and promised that her collapsed home would be rebuilt. However, when Demerara Waves Online visted what remains of the woman’s two bedroom wooden home, 58-year-old ...

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Guyanese businessmen warned of global crackdown on offshore tax evasion

Commissioner-General of the Guyana Revenue Authority (GRA), Godfrey Statia warned Guyanese businessmen against offshore tax evasion, saying that global systems are being increasingly networked to weed out tax cheats and report them to their home-countries. Addressing a luncheon organised by the Guyana Manufacturing and Services Association (GMSA) at the Georgetown Club, he said Guyana could access tax information in keeping ...

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GECOM denies procurement wrongdoing in radio, pliers purchase

by Zena Henry An audit of operational procedures of the Guyana Elections Commission (GECOM) by the Auditor General’s (AG) Office has exposed a number of missteps in the agency’s procurement process leading up to the 21015 General and Regional Elections but officials have hit back this week, saying they were operating in unusual circumstances given the fact that Parliament was ...

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Guyana exports rice to Cuba for the first time in 18 years

Approximately 7,500 tonnes of white rice is being exported to Cuba, following an announcement made by the Guyana Rice Development Board (GRDB) of possible exports to that Caribbean country. Government’s Department of Public Information reported that on Monday, September 25, 2017 the rice was loaded on a vessel docked at Muneshwer’s Wharf in Georgetown. General Manager (ag) of the GRDB, ...

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Prospective Guysuco buyers will have to resubmit proposals to Special Purpose Unit

All companies that have formally expressed an interest in buying parts of the Guyana Sugar Corporation’s (Guysuco) operations will now have to resubmit their proposals to the holding company for government’s assets, the National Industrial and Commercial Investments Limited (NICIL), top officials said. NCIL’s Chief Executive Officer, Horace James said “there is nothing like first-jump” and all the companies would ...

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