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Daily Archives: July 5, 2018

Special Purpose Unit scolds Jagdeo on GY$30 billion bond for Guysuco; investors to inspect estates next month

The Special Purpose Unit (SPU) of the National Industrial and Commercial Investments Limited (NICIL) on Thursday lashed out at Bharrat Jagdeo, saying that as a former President and former Finance Minister he should know that the GY$30 billion bond for the sugar industry at 4.75 percent interest rate was a good deal. The SPU further dismissed Jagdeo’s criticisms that the ...

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Jadgeo denies secretly asking Ramson Jr. to float his name for PPP’s presidential candidacy

General Secretary of the People’s Progressive Party (PPP), Bharrat Jagdeo on Thursday denied secretly asking Charles Ramson Jr. to publicly express his availability for the presidential candidacy of their party. “No, I did not, I did not,” he said, while at the same time stating that he did not mind anyone publicly expressing his or her availability for the candidacy. ...

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Norway’s payments to fund solar farms in Guyana ; Jagdeo raises questions

Norway’s outstanding US$80 million payments to Guyana for the preservation of standing forests will be used to fund the purchase of solar farms to supply 100 megawatts to the national grid, State Minister Joseph Harmon said Thursday. He said the decision was reached in talks himself, Minister of Public Infrastructure David Patterson, Minister of  aural Resources Raphael Trotman and Laura ...

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Minimum State pension hiked

Guyana’s minimum State pension has been increased, Minister of State Joseph Harmon announced Thursday. He said the new figure is now GY$360,000 annually, up from GY$200,000. That means the new monthly State pension would be GY$30,000 instead of GY$10,000. The State Minister further announced that well-known Guyanese historian, Professor Noel Menezes will now be paid a State pension He described ...

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CIOG honours top 15 performing NGSA students

The Central Islamic Organisation of Guyana (CIOG) has awarded GY$500,000 to the nation’s top 20 performers at the 2018 National Grade Six Assessment (NGSA). Delivering the feature address, at Woolford Avenue, Minister of Education, Nicolette Henry told the students that access to quality education has resulted in significant improvements in the performance of students, including those in outlying schools. “This year’s ...

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Lethem flood: Schools closed, 25 persons evacuated to shelters

Rising flood waters in Lethem have forced the evacuation of 25 persons and the closure of several schools, a number of which were being used as shelters, authorities said Thursday. The flood is caused by heavy rainfall and overflowing Ireng and Takatu Rivers. Director-General of Guyana’s Civil Defence Commission, Col. Kester Craig told Demerara Waves Online News that the evacuees are in ...

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