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Business

T&T Manufacturers Association complains bitterly about CARICOM’s slothful removal of trade barriers

The Trinidad and Tobago Manufacturers Association (TTMA) on Tuesday assailed the 15-nation Caribbean Community (CARICOM) for failing to remove non-tariff barriers on goods, especially food being produced in the region. TTMA’s Chief Executive Officer, Mahindra Ramdeen vented his frustration at the trade bloc’s failure to create a truly single space for regional goods because of “the political will or whatever ...

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Govt relaxes land reclamation, reafforestation in gold mines due to low recovery rate- Bharrat

Minister of Natural Resources, Vickram BharratĀ  on Tuesday said government has softened its enforcement of backfilling and reforestation of areas that have been already mined because of generally low recovery rates of the precious yellow metal. He said the current rate of recovery is about 30- to 35 percent which means that there is another 65 percent of gold that ...

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Barbados to boost Guyana’s Black Belly sheep production; Region Five earmarked to be CARICOM’s livestock capital

President Irfaan Ali on Sunday announced that Barbados would be supplying 1,000 Black Belly Sheep to Guyana, as part of a plan to make Region Five (Mahaica-West Berbice) the Caribbean Community’s (CARICOM) livestock capital. In launching the Black Belly Sheep project at Onverwagt, he said “Region Five must be the livestockĀ  capital of CARICOM.” Dr. Ali saidĀ  government would be ...

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Canada-headquartered West Jet airline to explore cargo lift to North America

President Irfaan Ali on Sunday announced that major Canadian airline, West Jet, is sending a delegation to Guyana next week to examine the possibility of transporting large quantities of produce to North America. Addressing a large number of farmers at Onverwagt, West Coast Berbice to launch a Black Belly Sheep project, he said his delegation recently met with West Jet ...

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Director of Food and Drugs Dept stripped of responsibilities

The Director of the Ministry of Health’s Food and Drugs Department Dr. Marlan Cole was Friday officially stripped of his responsibilities and reassigned in what is being regarded as a demotion. “You are instructed to meet with theĀ  Chief Medical Officer and the Director of Standards and Technical Services to discuss your scope of work, the specifics of your new ...

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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.Ā  The telecommunications company said it has partnered with the Office of the Prime Minister’sĀ  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 $215Ā  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,Ā  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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