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Daily Archives: June 26, 2015

Man feared dead in Mazaruni River boat mishap

A cargo boat capsized while fetching fuel on the Mazaruni River, resulting in the disappearance of a man, police said. Police said  they feared that Adrian Simon drowned. No age or address was provided. Police said that about 6:30 AM Friday, June 26, 2015 a jet boat passed a cargo boat with fuel in the Mazaruni River and the wave ...

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Eleven-member commission named to probe Guysuco, craft a long-term plan

Government has established an 11-member commission to investigate the workings of the ailing Guyana Sugar Corporation (GuySuCo) and formulate a 15-year plan aimed at again making the entity profitable. “The eleven-member Commission, during its investigation will develop a 15-year plan which is expected to bring the industry back to profitability to ensure long-term environmental and economic sustainability,” said the Ministry ...

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Guyana’s current external debt reaches US$1.6B, debt strategy to address problems-Finance Minister

by Zena Henry Guyana’s Finance Minister, Winston Jordan on Friday June 26 announced that the country’s foreign debt has soared to US$1.6 billion Addressing the National Assembly at the third sitting since the convening of the 11th Parliament, the minister noted the danger of the growing debt and pledged to vigorously attack it during his tenure. While Guyana has been ...

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Reducing president’s prorogation powers stares hurdle

Government on Thursday announced its intention to modify Guyana’s constitution to limit the conditions under which Parliament can be suspended but the administration does not have a super majority to do so. Unless the administration, which has 33 seats, can win the support of the opposition People’s Progressive Party Civic (PPP), such a change to the entrenched provisions of the ...

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Ganga Persaud faces hot water over contracts

Former minister of Local Government, Ganga Persaud was allegedly issued multi-million dollar government contracts for consultations via system that the new government alleges cannot withstand tough scrutiny. Government further accused Persaud of failing to show the work he was asked to do and what he had actually done. Minister of the Presidency, Joseph Harmon leveled the charge, citing at least ...

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