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Guyana rules out funding replacement ferry to Suriname

Guyana on Wednesday ruled out funding the replacement of the ailing MV Canawaima ferry, saying the jointly-owned company with Suriname must use the money to repair the 20-year-old vessel. “There is no onus on Guyana to fund the replacement of the service either temporarily or permanently. The joint company has to ensure that the monies collected by or on behalf ...

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Rose Hall estate may be sold to Ghana-India-Guyana consortium; GuySuCo fails on vital information to NICIL

An Indian-Ghanaian-Guyanese consortium is likely to buy out the Rose Hall sugar estate, the first of three that is on the selling block, government’s holding company of state assets announced Monday. Officials said they hoped to seal the deal by July, 2019. Head of the National Industrial and Commercial Investments Limited’s Special Purpose Unit (NICIL-SPU), Colvin Heath-London said the consortium ...

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Cheap, reliable electricity needed – GMSA, IDB

The Guyana Manufacturing and Services Association (GMSA) on Thursday reiterated the need for cheaper electricity, a call that was backed up by the Inter-American Development Bank (IDB). President of GMSA, Shyam Nokta issued the call for a reduction in taxes on fuel at the formal opening of his organisation’s Annual General Meeting held at the Marriott Hotel. “Tax measures introduced ...

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“Significant” slump in business due to looming political uncertainty – Georgetown Chamber of Commerce

The Georgetown Chamber of Commerce and Industry (GCCI) on Monday reported that its members have so far experienced a significant decline in business activity due to political uncertainty associated with the no-confidence motion. GCCI President, Deodat Indar told Demerara Waves Online News that a two-question questionnaire was administered online to its 240 members. However, Indar did not state how many ...

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Shipping Association of Guyana to appeal Competition Commission’s GYD$19.2 million price fixing fine

The Shipping Association of Guyana (SAG) on Friday said it was preparing to appeal a decision by the Competition and Consumer Affairs Commission (CCAC) in which five shipping terminal operators were guilty of fixing prices for hauling shipping containers and fined a total of GYD$19.2 million. “The CCAC’s ruling is not consistent with the facts and the SAG is engaging legal ...

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Competition and Consumer Affairs Commission rules against Shipping Association of Guyana in price fixing complaint

The Competition and Consumer Affairs Commission (CCAC) has ruled unanimously against the Shipping Association of Guyana (SAG) in a price fixing case brought by a privately-owned transportation service, that regulatory agency said Tuesday. The CCAC’s decision brings to an end proceedings stemming from a 2017 complaint against SAG by businessman Mahindranauth Jaikarran, owner of JD Transport Services. The complainant provides haulage ...

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GRDB asks Jamaica for info on seized rice; says no Cinderella rice shipped for 2019

The Guyana Rice Development Board (GRDB) says no Cinderella-branded rice has been shipped to Jamaica for the year and is surprised by reports that 70 metric tonnes of the Guyanese grain have been seized by authorities on that Caribbean island. GRDB Deputy General Manager, Allison Peters said rice shipments directly from Guyana to Jamaica usually take about seven to 10 ...

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Jamaica confiscates 70 tonnes of Guyanese rice

Reproduced from Jamaica Observer KINGSTON, Jamaica — The Food Storage and Prevention of Infestation Division (FSPID), in the Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF) says it has confiscated 70 metric tonnes (1,575 bags) of White Cinderella rice from Guyana due to high microbial content. The rice, valued at approximately $4.6 million, was imported from Guyana by a local ...

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