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Monthly Archives: June 2019

Outgoing Guyana Chronicle Board Chairperson slams PM over reversal of Sherod Duncan’s dismissal

Last Updated on Tuesday, 4 June 2019, 22:38 by Writer The outgoing Chairperson of the Board of Directors of the Guyana National Newspapers Limited (GNNL), publisher of the Guyana Chronicle state newspaper, Geeta Chandan-Edmond Tuesday evening insisted to Prime Minister Moses Nagamootoo that a vote was taken to fire just reinstated Sherod Duncan from the post of General Manager. She ...

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Natural gas eruption in northwestern Guyana

Last Updated on Tuesday, 4 June 2019, 18:38 by Writer Natural gas was Tuesday continuing to spew in northwestern Guyana from what was expected to be a potable water well being drilled by a Brazilian company for a private businessman, official said. Region 1 (Barima-Waini) Chairman, Brentnol Archer told Demerara Waves Online News that as far as his regional council ...

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GuySuCo denies withholding information from NICIL on spending GYD$30 billion

Last Updated on Tuesday, 4 June 2019, 18:25 by Writer The Guyana Sugar Corporation (GuySuCo) on Tuesday denied accusations that it has not been accounting for more than GYD$7 billion disbursed from a GYD$30 billion bond, and insisted that it does not have to report to government’s holding company for state assets. GuySuCo’s Chief Executive Officer, Dr. Harold Davis Jr., ...

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PM reinstates Sherod Duncan as Chronicle General Manager; 3 Board members resign

Last Updated on Thursday, 6 June 2019, 4:42 by Writer Sherod Duncan, the man who an audit found engaged in unnecessary spending without following procedures, is returning to the post of General Manager of the state-owned Guyana National Newspapers Limited (GNNL), publisher of the Guyana Chronicle newspaper, well-placed sources said. Demerara Waves Online News has since seen a copy of ...

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Submarine cable fault causes blackout in several Berbice, Georgetown, East Bank Demerara areas

Last Updated on Monday, 3 June 2019, 23:17 by Writer The Guyana Power and Light (GPL) said numerous areas in Berbice, Georgetown and East Bank Demerara would Monday night have no electricity due to a fault along sections of its submarine cable that links the Vreed-en-Hoop to Kingston power stations. “On Sunday night, June 2, the submarine cable which links ...

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“There is no upsurge in crime in the State of Guyana”- Police Commissioner

Last Updated on Monday, 3 June 2019, 23:10 by Writer Guyana’s Police Commissioner, Leslie James on Monday declared that there is no spike in crime in the country, despite repeated daily reports that pedestrians and businesses are being robbed almost on a daily basis. James instead attributed the perception of increased crimes to “sensational” media reports. He assured the Guyanese ...

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GuySuCo not showing how GYD$30 billion bond being spent; bondholders “unhappy”- NCIL

Last Updated on Monday, 3 June 2019, 22:58 by Writer The National Industrial and Commercial Investments Limited (NICIL) on Monday said holders of a GYD$30 billion bond to help revive the Guyana Sugar Corporation (GuySuCo) have begun asking questions about how the State-owned corporation has spent GYD$7.4 billion dollars disbursed so far. “The bondholders and the trustees are not happy ...

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

Last Updated on Monday, 3 June 2019, 22:41 by Writer 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 ...

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