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Monthly Archives: January 2020

GTT ups Demerara River submarine fibre optic capacity

Last Updated on Friday, 3 January 2020, 10:53 by Writer The Guyana Telephone and Telegraph Company (GTT) on Friday said it has begun increasing its submarine fibre-optic capacity across the Demerara River with the replacement of its cable. “The replacement cable will give added future capacity to services since it consists of 24 strands, as compared to the damaged cable, ...

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GuySuCo calls for release of funds as production falls to 90,000 tonnes

Last Updated on Friday, 3 January 2020, 7:09 by Writer The Guyana Sugar Corporation (GuySuCo) on Thursday called for the release of much needed funds to halt a further decline of the state-owned industry that produced a mere 90,246 tonnes of sugar last year due to mechanical problems, bad weather and strikes. “The industry will continue to face challenges to ...

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Two road deaths already for 2020

Last Updated on Thursday, 2 January 2020, 18:06 by Writer Two persons have died on the roads so far for the New Year. Guyana Police Force Traffic Chief, Linden Isles says the first one occurred on the Montrose Public Road, East Coast Demerara at about 1:50 New Year’s morning. The victim has not yet been identified. Mr. Isles said the ...

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Rice farmer killed after complaining about goats

Last Updated on Thursday, 2 January 2020, 17:59 by Writer A rice farmer is now dead after he told two villagers that goats were damaging his rice cultivation. Dead is 36-year-old Chanderpaul ‘Jack’ Dhoman of Lot 28 Johanna North, Black Bush Polder, Corentyne, Berbice. He was killed by one of the men some time between Old Year’s Eve and New ...

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Irfaan Ali not banking on oil money to restart economy

Last Updated on Thursday, 2 January 2020, 17:43 by Writer The opposition People’s Progressive Party (PPP)—citing a decline in consumer spending, high unemployment and increased government borrowing—says if it wins the March general elections, it will not depend on oil revenues alone, but rather, tap into multiple revenue streams to boost the economy. PPP presidential candidate Irfaan Ali said his ...

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Tullow finds high-quality oil offshore Guyana

Last Updated on Thursday, 2 January 2020, 9:37 by Writer The United Kingdom-headquartered Tullow Oil on Thursday announced that it discovered oil at the Carapa-1 well with very low sulphur content, unlike its previous discovery that was heavy. The Irish publication, Independent, reported that rig site testing has indicated that the oil has a sulphur content of less than 1pc. ...

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Poverty fight, oil industry governance feature in politicians’ New Year messages

Last Updated on Wednesday, 1 January 2020, 12:14 by Writer Politicians in Guyana broke the New Year promising to use Guyana’s expectedoil wealth to fight poverty, while ensuring the emerging petroleum sector is properly governed. Incumbent President, David Granger assured that oil revenues, estimated to begin at US$300 million per year in 2020 from the Liza Phase 1 oil field, ...

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