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Canadian oil company didn’t pay signing bonus for for Guyana-Suriname boundary dispute legal fees- Jagdeo

Former President, Bharrat Jagdeo on Tuesday said the Canadian oil company, CGX Energy, had paid legal fees directly to lawyers for the Guyana government and that company lawyers in fighting the maritime boundary dispute with Suriname at the United Nations Tribunal of the Law of the Sea. “As President, as far as I am concerned and I am aware of, ...

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PSC condemns calling in of police at Parliament Building; appeals for patience, understanding

Guyana’s Private Sector Commission (PSC) Tuesday night condemned the calling in of police at Parliament Building to remove opposition People’s Progressive Party Civic (PPPC) parliamentarian, Juan Edghill after he refused House Speaker, Dr. Barton Scotland’s instruction to leave the Chamber. “The involvement of law enforcement, apart from being an unacceptable overreaction, is an unfortunate occurrence. It does not augur well ...

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No permission for Guyana law school; Nandlall says Williams lied

Attorney General and Minister of Legal Affairs, Basil Williams on Saturday said the Caribbean’s Council for Legal Education (CLE) has effectively blocked the establishment of the planned Joseph Haynes Law School, prompting his immediate predecessor, Anil Nandlall to reiterate that no decision had  ever been taken in favour of Guyana doing so.   “New Chairman of the Council of Legal ...

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Private criminal charges loom over ExxonMobil’s multi-million US dollar signing bonus

Chartered Accountant and Attorney-at-Law, Christopher Ram on Saturday signaled that private criminal charges might be laid against several top Guyana government ministers and officials for allegedly failing to deposit a multi-million United States (US) dollar signing bonus from ExxonMobil into the Consolidated Fund. Ram said he did not regard taking the matter to the police, but indicated that it was ...

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“Come off of our laurels” and build partnerships for local content- Finance Minister; justifies Chinese companies winning contracts

Finance Minister, Winston Jordan railed against the sale of bottled Jamaican water at the Cheddi Jagan International Airport and at the same time defended the hiring of Chinese companies to point out that Guyanese are not doing enough to take advantage of business opportunities but still complain. “I don’t want to hear anything more about our national airport selling water ...

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Govt receives ExxonMobil funds to help fight Guyana-Venezuela border controversy; some contract details disclosed

Minister of Natural Resources, Raphael Trotman on Friday confirmed that United States (US) oil giant, ExxonMobil, will help fund Guyana’s legal fees to settle the border controversy with Venezuela. “Yes, Mr. Speaker, there is a sum and yes it is reserved to safeguard this country,” he said the same day that two local newspapers published a September 2016 letter by ...

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Major UK firm to valuate Guysuco’s assets up for sale

The United Kingdom-headquartered auditing and financial services company, PricewaterhouseCoopers (PwC), has been selected to conduct a valuation of assets of the state-owned Guyana Sugar Corporation (Guysuco). The announcement was made Thursday by the Special Purpose Unit (SPU) under the National Industrial & Commercial Investments Limited (NICIL), Thursday announced that PricewaterhouseCoopers (PwC) has been selected by the SPU. The international financial services provider ...

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AFC says severance pay for sugar workers not sufficient

As details emerge in the National Assembly about plans to pay severance to sacked sugar workers and lease them land, the Alliance For Change (AFC) Thursday night called for much more than that. “The AFC looks forward to an amicable resolution to this issue, but insists that as the Yuletide season is upon us, workers must not be adversely affected ...

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“Huge chunk” of money budgeted for laid off Guysuco workers

Minister of State, Joseph Harmon on Thursday announced that a “huge chunk” of money has been set aside in the 2018 National Budget to pay severance to thousands of workers of the state-owned Guyana Sugar Corporation (Guysuco). He made the announcement during the penultimate day of budget debate before the 65-member National Assembly considers the proposed expenditures next week. “In ...

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