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Foreign Minister says signing bonus disclosure poses risk to border controversy battle

Minister of Foreign Affairs, Carl Greenidge on Thursday defended government’s more than one year secrecy of a US$18 million signing bonus from ExxonMobil, saying that publicity about the deal could potentially have serious implications for Guyana in relation to the border controversy with Venezuela. He told reporters that now that details about the signing bonus have been disclosed, Venezuela was ...

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Signing bonus for Consolidated Fund at the right time; PPP govt failed to pass CGX funds through govt accounts- Finance Minister

Finance Minister, Winston Jordan says the US$18 million signing bonus from ExxonMobil will be paid into Guyana’s Consolidated Fund whenever government decides to use the funds for the intended purpose. “The 18 million is in a special account at the Bank of Guyana. It’s there because it’s designed for a special purpose. whenever that special purpose is activated, the monies ...

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Key ILO reports Enabling Environment for Sustainable Enterprises (EESE), and Skills for Green Jobs to be launched in Guyana

The Consultative Association of Guyanese Industry (CAGI), with technical support of the International Labour Organization (ILO), recently completed an assessment of the Enabling Environment for Sustainable Enterprises (EESE) in Guyana, the ILO said Tuesday. The final report and an action plan for the implementation of recommendations will be presented at a high-level tripartite event on Friday, December 15, 2017 at the ...

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CISCO, Digicel agree to speed up digital transformation in Central America, Caribbean

Cisco, the worldwide technology leader, and Digicel, a major telecommunication services provider covering a wide territory in the Caribbean, have signed a Caribbean Countries Digitalization agreement outlining their objectives and strategic plans for accelerating the digital agenda and existing digitization policies for 26 countries in the Caribbean and Central America, Digicel announced Wednesday. Under the Frame Agreement, the two companies ...

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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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