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Oil sector’s local content includes garbage disposal, professional services, Bourda market purchases

Just in case you did not know, local content from the oil and gas sector does not only include big, sophisticated and high-tech goods and services or high-paying jobs. Trinidad and Tobago Geophysicist, Anthony Paul, who has been advising Guyana on developing its Local Content Policy, said as far back as 2011 that local content is “income received by locals, ...

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GECOM meeting breaks down as PPP’s Robeson Benn, Chairman clash over racial composition

A meeting of the seven-member Guyana Elections Commission (GECOM) Tuesday collapsed after People’s Progressive Party (PPP) representative, Robeson Benn and GECOM Chairman, James Patterson clashed over the racial composition of the election management authority’s staff. Patterson objected to Benn’s public statement last month that about 90 percent of GECOM’s staff are Afro-Guyanese, a situation he said was either racist or ...

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Barbadian ship to purchase Guyana’s produce

Reproduced from Barbados Nation by Sherrlyn Toppin MY MID-JUNE, the schooner Ruth should be making its maiden voyage to Guyana to purchase the first set of produce and possibly seafood for sale on the local market. For almost a decade, the massive vessel was a landmark behind the old fish market on Bay Street, St Michael. “Ruth is in the ...

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Hundreds of shrimp processing workers to be laid off

More than 300 workers of the privately-owned BEV Enterprises will be laid off next month, leaving them with few choices to earn a daily living. A number of the workers said their last day of work will be July 15, 2018. At least 17 trawlers owned by individuals and one company are faced with the grim possibility of docking their ...

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Granger floats idea of “social compact”, tells GPSU time for confrontation is over

President David Granger raised the possibility of a “social compact” as part of wider call for greater cooperation between government and the Guyana Public Service Union (GPSU). “We need to establish among ourselves some form of social compact, particularly between the State and the servants of the State. We have to work together. What happens out there is not only ...

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Bandits cart off GY$13 million worth raw gold, shoot security guard at interior mining camp

Armed, masked foreign language-speaking bandits shot and injured a guard before carting off 50 ounces of raw gold worth GY$13 million, two guns and other items from a gold mining camp at Black Water Backdam, Cuyuni River, police sources said. Investigators said when the bandits opened fire, the guard named Stephen Hall, 55 years, of Section B Great Diamond, was ...

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Virtually incident-free gay pride parade held in Guyana to demand election promises

Guyana held its first gay pride parade, with the country’s gay rights activists accusing the three-year old government as well as the opposition of breaking their election campaign promises to outlaw discrimination against vulnerable groups. “We are saying enough of the rhetoric, enough of the promises. It is time to make good on the legislative changes that we heard about ...

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NICIL launches GY$30 billion fixed rate bond to raise money for ailing GuySuco

The National Industrial and Commercial Investments Limited (NICIL) officially issued a US$ 150 million equivalent bond facility, arranged by Republic Bank Limited exclusively through its Investment Banking Division, the holding company for government’s assets said in a statement. The local law firm London House Chambers, headed by Devindra Kissoon,  acted as Republic Bank’s transaction attorney. The bond will be issued ...

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