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Daily Archives: March 16, 2014

New flood insurance measures coming- Insurance Association

The Insurance Association of Guyana (IAG), warning that flood damage and loss could soon become uninsurable, signalled that the conditions for flood-related insurance would soon change and remain in force until the drainage situation improves. “The insurance industry will shortly inform policyholders of the new structure of underwriting measures applicable to flood cover. These measures will impact businesses as well ...

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Roger Luncheon builds house at Pradoville 2

Head of the Presidential Secretariat, Dr. Roger Luncheon- long considered one of the few remaining modest and humble members of the Peoples Progressive Party (PPP)- has built a house at ‘Pradoville 2’. Officially known as Sparendaam, the area is the site of an upscale housing area for several current and former senior government officials including Former President, Bharrat Jagdeo. Luncheon, ...

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APNU’s proposed Anti Money Laundering Board out of context- Ramotar

President Donald Ramotar on Sunday reacted sharply to A Partnership for National Unity’s (APNU) insistence that a civilian oversight body must be established to appoint top officials of the Financial Intelligence Unit (FIU) and oversee enforcement of the financial crimes law. “If this is supposed to be a legislation to be similar to the rest of the Caribbean and to ...

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Hundreds of Coop Societies struck off

More than 200 Cooperative Societies have been struck off the register and blocked from transacting business in a move aimed at cleaning up the list for the first time in 10 years, Labour Minister Dr. Nankishore Gopaul said Sunday. “We find that a number of those that have been listed there have not been in compliance for the last decade ...

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Customs broker dies in horrific early Sunday morning accident

A customs broker was killed early Sunday morning when the car he was driving slammed into a utility pole on Mandela Avenue in the vicinity of Continental Group of Companies. The accident occurred about 4:30 AM. He has been identified as 21-year Adrian Hossain of 123 Meadow Brook Gardens, Georgetown. He was the lone occupant of the car bearing licence ...

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Police accused of slothful response to Port Kaituma arson threat

Residents of Port Kaituma are angry about the police’s apparent slow response to a report by a teenage girl that her parents had been quarrelling and her father had threatened burn down the house. Businessman, Lenus La Cruz in the end carried through with his threat, dousing the house with gasoline and setting it alight with his wife and four ...

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Anti Money Laundering: President touts “compromise” proposal but opposition insists on Authority

President Donald Ramotar on Saturday said government’s counter-amendments to the Anti Money Laundering and Countering Financing of Terrorism Act (AML/CFT) amounted to a compromise to address concerns by the main opposition party. “You will observe from our counter proposal that subjectivity and discretion are wholly removed from the appointment process and almost all those persons are statutory office holders. I ...

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Investigators to visit horrific Port Kaituma fire scene

Fire fighters and police investigators are Sunday due to fly to Port Kaituma to continue probing the circumstances surrounding Friday night’s fire that left a woman and her would children dead. Businessman, Lenus La Cruz  remained hospitalized under police guard in the gold mining township because he is the prime suspect in the death of his wife and children. He ...

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