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Monthly Archives: June 2018

Eco bullish on Orinduik Block and Total farm-in

Gil Holzman, President & Chief Executive Officer of Eco Atlantic Oil & Gas says the oil explorer is excited at the prospects of its Guyana offshore block based on recent seismic data and is confident French conglomerate Total will exercise an option to farm in to the concession. In January 2016, Eco Atlantic signed a Petroleum Agreement and is party ...

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Japan funds renewable energy projects for Guyana, CARICOM headquarters

Japan is funding a US$17 million renewable energy project in Guyana that would see an improvement of the capital’s electricity generation system and the introduction of a solar energy system at the locally-based headquarters of the Caribbean Community (CARICOM). Foreign Affairs Minister, Carl Greenidge made the announcement at the signing of the agreement for the the introduction of renewable energy. ...

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Govt takes back control of Public Service Coop Credit Union; multimillion dollar queries surface

Government’s interim management committee on Wednesday took back control of the Guyana Public Service Cooperative Credit Union, after the High Court threw out previous orders. The original management committee, which has come under wide-ranging scrutiny for the way it has been running the affairs of the financial institution, had secured an  interim order to remove the government-appointed interim management committee. ...

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Jagdeo recognises CCJ term limit ruling; identifies qualities of PPP presidential candidate

General Secretary of the People’s Progressive Party (PPP), Bharrat Jagdeo Tuesday afternoon did not in any way object to the Caribbean Court of Justice’s (CCJ) ruling that upheld the constiutionality of limits to the presidency for two terms. “I believe in adhering to the laws of Guyana and the Caribbean Court of Justice interpreted that law and it remains our ...

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CCJ term limit ruling good for Guyana, PPP but bad for Jagdeo- analysts

There are mixed views that there could be a power struggle in the opposition People’s Progressive Party (PPP) for its presidential candidacy in Guyana’s 2020 general elections, following Tuesday morning’s Caribbean Court of Justice (CCJ) ruling that effectively bars two-time president Bharrat Jagdeo from running a third term. Political analyst, Dr. Henry Jeffrey said the judgement by the regional court ...

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CCJ ruling in favour of presidential term limits is good for Guyana- Fmr. President Donald Ramotar

Former President of Guyana, Donald Ramotar on Tuesday welcomed the judgement by the Caribbean Court of Justice (CCJ) that a parliamentary amendment of the Constitution to provide for presidential term limits is constitutional. Ramotar, who was President from 2011 to 2015, added that “I believe they had very strong grounds to rule the way they ruled” and added  that presidential ...

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Caribbean Court of Justice upholds presidential term limits

The Caribbean Court of Justice (CCJ) on Tuesday ruled that two-term presidential term limits  in Guyana must remain intact in keeping with a 2001 constitutional amendment, overturning decisions by the High Court and the Court of Appeal. Delivering the judgement, outgoing CCJ President Justice Denis Byron said at the end a more than 30 minute summary that “the appeal is ...

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Money-making opportunities to be showcased at Green Guyana Expo and Business Summit

Preparations are being stepped up for the October staging of a major Green Guyana Expo and International Business Summit to be co-hosted by several government ministries, State agencies and international organizations including the Inter American Development Bank (IDB), the World Wildlife Fund (WWF) and others. The two-day event to be held at the National Stadium, Providence is being organized to ...

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Preparatory groundwork for Law Reform Commission costing GY$2.6 million monthly

As the Guyana government prepares to establish a Law Reform Commission, it has already hired support staff members and paying a rent totalling GY$2.6 million monthly, Attorney General and Minister of Legal Affairs Basil William said Monday. “The Law Reform Commission is in the final stages of readiness. Persons have been interviewed for the position of Commissioners. Some staff for ...

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Special Prosecutors hired last year cost over GY$2 million, other costs

The Guyana government has been paying at least GY$2 million to each of five special prosecutors since last year June, Attorney General and Minister of Legal Affairs Basil Williams told the House on Monday. In response to written questions by Shadow Legal Affairs Minister, Attorney-at-Law Anil Nandlall, Williams said in a written response that the agreement signed by the special ...

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