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Daily Archives: October 13, 2019

DDL powers up with natural gas; commissions Guyana’s first regasification terminal

Demerara Distillers Limited (DDL) says it is now using liquefied natural gas (LNG) to power its operations, having commissioned Guyana’s first LNG regasification terminal. The terminal is located at Plantation Diamond, East Bank Demerara. “We are very excited to be the first Guyanese company to use LNG for our power generation needs,” said DDL’s Chief Financial Officer, Vasudeo Singh. “As ...

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Unidentified man strangled, suspected killer arrested

A man was strangled to death outside the Leader of the Opposition’s Office on Church Street, Queenstown, Georgetown late Saturday night. Police are still trying to identify him, and they have since asked the public to assist with his name and address. However, the suspected killer, who was chased by public-spirited citizens and handed over to the police, has been ...

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Women among several arrested for gun, drugs at 3 East Demerara villages

Two women are among five persons who were arrested on Sunday during cordon-and-search operations at three East Coast Demerara villages. The Guyana Police Force said the searches were conducted between 6 am and 8 am at Vryheid’s Lust, Montrose, Nabacilis and Plaisance villages. Police said an unlicensed pistol with a live matching round, 300 grammes of suspected cocaine, and 45 ...

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ACDA to ask Granger, other presidential candidates to suspend award of more oil concessions

The African Cultural and Development Association (ACDA) plans to write President David Granger, the opposition and all other political aspirants to lobby them for support to suspend the award of oil concessions until steps are taken to award Guyanese concessions. The call was again made on Saturday at an annual ceremony to commemorate the loss of millions of lives of ...

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Coalition to promise tax breaks in 5-year manifesto

Finance Minister, Winston Jordan says the governing coalition’s general election campaign will not be pegged on the immediate benefits of oil money next year, but will list a number of tax concessions leading up to 2025 as more oil revenues pour in. He says lower individual, corporate, value-added and other taxes will find their way into the manifesto of the ...

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Finance Minister warns NIS against investing on foreign stock markets

Finance Minister, Winston Jordan has cautioned the National Insurance Scheme (NIS) against investing its funds on the international stock market. His comment came against the background of a suggestion by the Chairman of the NIS Board, John Seeram that the social security agency should invest on foreign stock markets. “We will need to consider purchasing more attractive bonds and shares ...

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