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Jagdeo gives reasons for blocking opposition nominees to NRF Board, refusal to compromise on spending

Vice President Bharrat Jagdeo on Friday defended his administration’s decision to shut out all of the opposition’s nominees to sit on the board of the Natural Resources Fund and indicated there was hardly any room for compromise with the opposition in approving spending. The Vice President sought to justify government’s selection of former People’s National Congress Reform (PNCR) parliamentarian Dunstan ...

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GTT backs latest problem-solving software coding competition

The Guyana Telephone and Telegraph (GTT) said it has teamed up with the Guyana government to support this year’s hackathon styled the 2022 “Innovation Challenge” whose aim is to find technology solutions to some of the country’s problems.  The telecommunications company said it has partnered with the Office of the Prime Minister’s  Industry and Innovation Unit for the launch of ...

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Guyana to get new merchant bank

The Guyana government is on the verge of licensing a new merchant bank that will target the rapidly emerging large business sector, officials said. Vice President Bharrat Jagdeo first announced the formation of the financial institution at a meeting with residents of Region Two (Pomeroon-Supenaam). “We just licensed a merchant bank- a Guyanese guy who got it, the licence- and ...

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Increasing value of Guyana dollar can affect exports- Jagdeo

Vice President Bharrat Jagdeo on Tuesday flagged the fact that the Guyana dollar appeared to be strengthening against the United States (US) dollar in recent months. Addressing a meeting in Region Two (Pomeroon-Supenaam), he said the shift from USD$1.00 = GY$215.00 to US$1.00= US$200.00 could cause economic problems. “Just the exchange rate appreciating moving from $215  to US$1.00 can cause ...

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Private Sector picks Ramesh Dookhoo for Natural Resource Fund’s board

The Private Sector Commission (PSC) has decided to nominate well-known business executive, Ramesh Dookhoo to sit on the Board of the Natural Resources Fund (NRF) to manage Guyana’s oil revenues,  PSC Chairman Paul Cheong confirmed on Tuesday. He said that umbrella business organisation would shortly submit Mr. Dookhoo’s name to the authorities. Mr. Cheong said Mr. Dookhoo, a long-serving PSC ...

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Beterverwagting land owners jittery after lawyer requests fast-track of process for “purchased” property

Several owners of land in Section G Beterverwagting, East Coast Demerara on Thursday afternoon turned out at the Neighbourhood Council office to get answers about whether their lands have been sold behind their back/ Attorney-at-Law, Shaunella Glen-George’s letter dated March 16, 2022 refers  to 143.10 acres of land, the same acreage and location that the Neighbourhood Council had late last ...

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GTT, STEMGuyana roll out top-notch Graphogame literacy app

The Graphogame literacy app touted as one of the best in the world is now available for Guyana’s school children who are four to nine years old, the Guyana Telephone and Telegraph (GTT) and STEMGuyana said Tuesday. The app, which was recently rolled out in Jamaica’s primary education system, is now accessible locally through the collaboration between GTT and STEM ...

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Flour price has increased

The National Milling Company (NAMILCO) on Friday said the price of flour has been increased by 15 percent. The company says this is due to a steep increase in the price of wheat at a time of the war between Russia and Ukraine. The company notes that the price of wheat has skyrocketed by 40 percent since February 15. NAMILCO ...

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ExxonMobil, EPA “close” to agreeing to $2 billion environmental assurance

ExxonMobil’s controlled Esso Exploration and Production Guyana Limited (EEPGL) on Wednesday said it was very close to reaching agreement with the Environmental Protection Agency (EPA) on a US$2 billion assurance to help fund a clean-up should there be an oil spill. EEPGL’s Vice President and Business Services  Manager, Phillip Rietema said his consortium and the EPA were quite close to ...

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