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Increased cost of living likely if Caribbean banks lose relations with US, Europe

Trade Ministers of the 15-nation Caribbean Community (Caricom) have called on United States (US) and European commercial banks not to halt doing business with their counterparts in the region because it would hurt economies. Antigua and Barbuda’s Trade Minister, Chet Greene told the ministerial meeting, which ended last Friday (April 22, 2016) in Guyana, that already evidence shows that Caribbean countries ...

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Environmental Tax still haunts Gov’t; more billion dollar lawsuits filed

The controversial Environmental Tax which saw the Government of Guyana having to pay millions of dollar to a beverage company is still haunting the Government as two other importers look to cash in with similar lawsuits. Minister of Legal Affairs Basil Williams at a press conference on Thursday said that two other companies – S.M Jaleel and Guyana Beverages Inc ...

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Article on transfer of GA2000 hangar to BK International retracted; apology issued

Demerara Waves Online News hereby retracts the insinuations, allegations and contents of a previously published article that the Minister of State, Joseph Harmon might have been involved in ordering the Cheddi Jagan International Airport transfer the GA2000 hangar to BK International. Demerara Waves hereby further issues an unqualified apology for any harm and or hurt that said publication may have caused ...

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Diplomacy cheapest option to settle US-Caricom rum dispute- Granger

Caribbean rum producing nations have so far failed to take the United States (US) to the World Trade Organisation (WTO) over its subsidies to Puerto Rican and United States Virgin Islands rum producing companies that end up unfairly competing against their counterparts in Caricom. A well-respected trade expert told Demerara Waves Online News that all the studies have been done ...

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Updated: Ramotar says US$5 M for GT&T shares still outstanding

Ex-President Donald Ramotar on Thursday maintained that US$5 million for Guyana’s shares in Guyana Telephone and Telegraph (GTT) have not yet been paid. “The five million US (dollars) is still outstanding,” he told Demerara Waves Online News.  Later Thursday, he issued a prepared statement calling on the government to lay bare its records to show that the money was paid ...

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Guyana, India sign US$1M MoU for set up of ICT Centre

Guyana and India have inked a Memorandum of Understanding (MoU) for the establishment of a US$1 million Information Communication and Technology (ICT) Centre of Excellence in Guyana. Signing the document were Minister of State, Joseph Harmon and India’s High Commissioner in Guyana, Mr. Venkatachalam Mahalingam. This Centre will provide training for public sector ICT professionals to ensure the availability of a highly ...

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Guyana likely to produce Irish potatoes in commercial quantities

With the support of Canada, a research trial on several varieties of Irish potatoes to determine their suitability for local conditions is underway, the Canadian High Commission said Tuesday. Thirteen ¼ acre Irish potatoes pilot plots are currently being supported through the $20 million Canada-funded Caribbean regional Promotion of Regional Opportunities for Produce through Enterprises and Linkages (PROPEL) project. “This ...

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Govt not finding Chinese company’s payment for shares in GTT

The almost one-year old coalition-led government says a recent trip to China for a US$5 million debt supposedly owed by a telecoms company for Guyana’s shares in the Guyana Telephone and Telegraph Company (GT&T) has turned up more questions than cash. Government spokesman, Raphael Trotman told a post-cabinet news conference that Minister of State, Joseph Harmon’s recent visit to China ...

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Harmon aboard Chinese jet: Possible conflict with draft ministerial code, but Harmon did no wrong

Minister of Natural Resources, Raphael Trotman on Wednesday acknowledged that the provision of an aircraft to Minister of State Joseph Harmon by existing and prospective Chinese investors in Guyana’s forestry sector for domestic travels to their locations in China could conflict with the proposed ministerial code of conduct and was sure it would not happen again. “It could lead to a conflict ...

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Majority of NCN’s Board agreed to appoint new CEO

Despite concerns that the incoming Chief Executive Officer of the state-owned National Communications Network (NCN), Lennox Cornette had forged the signature of a top official of the Guyana Telephone and Telegraph (GTT), the majority of directors have supported his appointment after  background checks were conducted. “I see no legal impediment to the appointment of Mr. Cornette. I support the said ...

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