Jagdeo points to Govt failure to properly manage SWF

first_img…as GCCI says a lot more still to be done Guyana’s Green PaperMoments after Finance Minister Winston Jordan took a breath from presenting an almost five-hour-long 2019 National Budget, Opposition Leader Bharrat Jagdeo blasted the coalition Government for failing to address key matters, such as the management of the Sovereign Wealth Fund (SWF), which is intended to safekeep proceeds from the oil and gas sector.Jagdeo explained on Monday evening that the administration has failed to address and put measures in place to properly manage the SWF, as he believes it should be managed by a non-political body rather than Government.“We argued for a non-political, an a political type of model that insulates the management of the funds from politicians, (and) the politicians get involved only when based on a formula that is in enshrined in our laws, and an independent verification that the conditions of that formula are met is presented, then that comes to the National Assembly and a release of funds is made to the budget to spend based on the budgeting prerogatives of whoever is in power, the Minister of Finance, in this case, would have a full prerogative to program those funds,” he explained.Jagdeo argued that Jordan did not, at no point in time, address those issues, but in fact comforted the nation by saying that a Department of Energy has been set up to manage the sector and experts would be hired to “talk”.According to the Leader of the Opposition, the Government has made the very promise a long time back, and the budget failed to bring new ideas to the forefront for the benefit of the country at large.Jagdeo was keen to point out quite a number of avenues in which the administration failed, and pointed to job provision as a major area. He argued, “He (Jordan) has not moved the conversation forward on any count whatsoever; not on transparency issues, not on the model enshrined in the Green Paper, not on the oversight issues, not on the terms of reference between the Petroleum Commission and the Energy Department, the overlap there, not on the issue ofOpposition Leader Bharrat Jagdeo addressing the media after the budget presentationbidding for new contracts; none of those issues were elucidated”.Private SectorNonetheless, Executive Director of the Guyana Chamber of Commerce and Industry (GCCI), Richard Rambarran, gave his take on the matter of the SWF, saying that the industry believes a lot more is yet to be done to the Green Paper.Rambarran pointed out that he believes there are at least 10 areas of the Green Paper which ought to be sorted out before the document actually becomes legislation.“I found that there were a number of areas where (in) about 10 specific areas a lot more work could have been done…I think that as a Green Paper we need to look at it a little bit more, and understand the dynamics and the workings and how we are going to integrate oil into this economy, and utilise the Sovereign Wealth Fund for the maintenance of a stable macroeconomic environment,” the Director shared.He noted that among the 10 areas that deserve urgent attention by the Government are, “The composition of the macroeconomic committee, the nature of the Sovereign Investment Committee, (and) we have a couple of others in that it conflicts with laws in terms of the constitution”.The representative who spoke with this newspaper after the budget presentation also alluded to the fact that monies that are to be expended from the SWF depend on the mechanisms of the Government, which leaves little room for reform or improvement to the current institutions in Financial Management.Rambarran questioned, “Do we have things on fiscal deficit rules? Do we have things on the rate of revenue expenditure? Do we have rules concerning the rate of expenditure growth? Do we have balanced budget rules? Those are some of the areas in the public financial management framework where the Sovereign Wealth Fund is so critical, (and) those things are critically lacking”.Chartered Accountant Christopher Ram had also raised concerns over Finance Minister Winston Jordan’s position as a spender and saver of Guyana’s wealth, given that he will be in charge of the SWF. Ram noted that under the previous administration the very matter would have drawn the attention of the serving Coalition Government.Ram raised his concerns at an Energy Forum held last month at Duke Lodge. “I wonder whether they (the Government) would have liked the same mechanism that they are setting out here if another Government — let’s not call the name of that other Government — if another Government was in place, would we want a situation where a Minister who is responsible for spending is also the Minister responsible for saving and generating revenue and protecting those revenues?”The accountant said he is confident the administration would have rebutted this, and he questioned the Government’s recommendation to have Jordan spearhead the SWF.In a subsequent interview with this publication, Ram point out the need for transparency in the sector.He recommended the SWF be entirely isolated from the “spending Ministry,” as it could have an impact on everyone.Ram also pointed to the need for an “entrenched article” in the constitution, so that no one, including Ministers, would be able to access those funds, as he described it as a generational fund for the future.last_img read more

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Hospital upgrade project 75% completed

first_imgJunior Public Health Minister Dr Karen Cummings has revealed that the Health Ministry’s Hospital Upgrade project is now 75 per cent completed, as efforts intensify to instil public confidence in the healthcare facilities.According to Dr Cummings, the ministry embarked on the project after realising that the City hospital was under tremendous pressure to facilitate patients from all parts of the country: “We want the people to have confidence in us so we opted to strengthening our systems and so far we are on target.”She explained too that Regional hospitals are being brought up to par with the Georgetown Public Hospital since they are being given the required resources and equipment.Last year, Public Health Minister Dr George Norton had announced that the Suddie Hospital in Region Two (Pomeroon- Supenaam), Bartica Hospital in Region Seven (Cuyuni-Mazaruni) and the West Demerara Regional Hospital in Region Three (Essequibo Islands-West Demerara) were earmarked for upgrades. The upgrade is being funded by the Indian Government through the Modernisation of Primary Healthcare System project. In addition to the rehabilitation of the hospitals, the grant also covers the provision of medical equipment.Alluding to the details of the works to be carried out, Dr Cummings said the upgrade includes improving theatres, construction of theatres in cases where there are not any, modernising medical equipment, and procuring beds. She revealed that the ministry has already distributed several beds to the Maternity Unit of the Georgetown Public Hospital, to cater for the influx of pregnant mothers.A few months ago, a mother who had just delivered her baby was found lying under a bed with the infant, as there were no available beds for her to sleep on. There have been numerous alarming complaints that mothers would have to “double up” on beds in the maternity unit of the hospital.Dr Cummings noted that these issues are being addressed, and assured that the upgrade process will be completed within the next two months: “There will be improvement. We are dedicated to it.”last_img read more

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Arsenal transfer target tells talkSPORT he will NOT be joining Gunners in January

first_imgTroy Deeney is ‘flattered’ by interest from Arsenal – but insists he will not be leaving Watford this month.The striker has been in excellent form for the Hornets and has formed a formidable partnership with Odion Ighalo, with the pair plundering 20 Premier League goals between them this season.Arsene Wenger is reportedly a big admirer of Deeney and has been tipped to launch a big-money bid for the 27-year-old in this transfer window.However, despite the pleas of his Arsenal-supporting son, Deeney will not be pushing for a move to the Gunners anytime soon.Asked on the Alan Brazil Sports Breakfast whether he could be heading to the north London club, he responded: “No, no, no. We have still got a project to complete.“The pleasing thing from my point of view and from Iggy’s is people want us. That shows that we have been doing something right for the past five, six months.“But we have got a project to complete and the gaffer has stated before that whatever happens in the summer, will happen in the summer.“It is very flattering. My son is an Arsenal fan so he read it in the paper the other day and I don’t think he is happy that I am staying at Watford. He doesn’t understand that it is not FIFA and you can’t change the same day!”Deeney’s strike partner Ighalo has also been linked with a move away from Vicarage Road and admitted recently he could be tempted to leave if Manchester United came calling.But the Nigerian hitman is also staying put this month, according to Deeney.“I think his comments [about United] were taken out of context a little bit,” said the Englishman. “He isn’t going to leave in January. The manager and the owner have made that clear.“I have just seen him at the school run and he is in no rush to get anyway time soon.”last_img read more

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DALE GORMAN SET TO MAKE FIRST START IN ENGLISH LEAGUE FOOTBALL

first_imgFOOTBALL: Letterkenny teenager Dale Gorman is set to make his first start in English League Football this afternoon.The Stevenage midfielder has made a number of impressive performances off the bench and made his debut against Ipswich Town in the Capital One Cup earlier this month. His performances in pre-season prompted manager Teddy Sheringham to single Gorman out for praise and said he had a bright future in the game.He has been named to start today as Stevenage host Hartlepool this afternoon.Sky Sports presenter Jeff Stelling is a massive Hartlepool fan and he will no doubt be giving viewers regular updates throughout the game.Hopefully he’ll be telling us all about Dale Gorman’s first goal in English football. Good luck Dale from all at Donegal Daily. DALE GORMAN SET TO MAKE FIRST START IN ENGLISH LEAGUE FOOTBALL was last modified: August 22nd, 2015 by Mark ForkerShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:newsSportlast_img read more

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Arsenal ‘join Tottenham in race to sign’ Barcelona player

first_img 2 three-way race Arsenal are the latest team to express interest in signing Barcelona’s Malcom, who is also a target of Tottenham Hotspur’s.Malcom, the winger, was the centre of one of the most dramatic transfer sagas of the summer window, with Roma agreeing his signing before Barca swooped in at the 11th hour and secured his services. RANKED Malcom started his career with Corinthians in his homeland before moving to Europe in 2016 with Bordeaux. He made his name as one of the most promising attackers in world football with the Ligue 1 club, scoring 23 goals and creating a further 16 in 96 appearances. LATEST moving on targets Latest transfer news 2 The biggest market value losers in 2019, including Bale and ex-Liverpool star It has been said that Malcom is looking to leave Camp Nou in January given his serious lack of game time under Ernesto Valverde, and Tottenham have been linked with going back in for him when the transfer window reopens; Mauricio Pochettino’s side are believed to have been tracking Malcom since the January window last season.However, Arsenal are now reported to have entered the race for Malcom, according to Sport.The report says the Gunners are keen on securing Malcom on a loan deal, with Internazionale of Milan also looking at that possibility. TOP WORK Arsenal transfer news LIVE: Ndidi bid, targets named, Ozil is ‘skiving little git’ Where every Premier League club needs to strengthen in January REVEALED targets Tony Cascarino backs Everton to sign two strikers for Carlo Ancelotti Cavani ‘agrees’ to join new club and will complete free transfer next summer LIVING THE DREAM IN DEMAND Man United joined by three other clubs in race for Erling Haaland Liverpool’s signings under Michael Edwards – will Minamino be the next big hit? Top nine Premier League free transfers of the decade Kevin De Bruyne ‘loves Man City and wants to keep winning’, reveals father It’s been a time to forget for Malcom at Barcelona Chelsea confident of beating Man United and Liverpool to Sancho signing Malcom put in a number of excellent performances for Bordeaux, earning admiring glances from across Europe Big things were expected of the €41million signing given the Camp Nou club’s hard press to sign him, but Malcom’s short time in Catalonia has been, so far, a disaster.He’s managed just two substitute appearances in all competitions, totalling a meagre 25 minutes of competitive action since the beginning of 2018/19. Furthermore, the Brazilian’s last inclusion in a matchday squad came almost a month ago, on September 26.last_img read more

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DELIGHT AS MALIN HEAD COAST GUARD STATION IS SAVED

first_imgStaff at Malin Head are delightedA CAMPAIGN backed by Donegal deputy and Government TD Joe McHugh to save Malin Head Coast Guard station from closure has succeeded.Transport Minister Leo Varadkar confirmed to Deputy McHugh in the past few minutes that the Donegal station and Valencia Island in Kerry will continue to operate.There has been widespread support for the retention of services at the Donegal coast guard station since a report recommended its closure. The move saves 15 jobs and guarantees the future of the recently modernised Donegal facility.Deputy McHugh had actually attended an event in support of staff last month.“I am absolutely delighted,” Deputy McHugh told Donegal Daily.“This is great news and is as a result of common sense and due consideration. “Volunteers and supporters of Malin Head Coast Guard station as well as the staff will be delighted at this news today.”Mr Varadkar said studies concluded the retention of all three stations was the best way forward using modern technologies.He said consultants were working on an action plan to implement better practices – but this would happen at Dublin, Kerry and Donegal.“The retention of Malin Head and Valentia Island coastguard stations will preserve the long-standing relationships between fishermen and the Malin Head and Valentia Island stations, which are a vitally important element in delivering the high quality coastguard services on which Irish fishermen and the Irish marine industry rely,” said Deputy McHugh.“I applaud Minister Varadkar and coastguard service workers for the very sensible approach taken following the presentation of the Fisher ‘Value for Money’ Report to the Government last summer. Minister Varadkar obviously gave consideration to the findings of the report; he equally made time to speak with coastguard operatives, and he travelled personally to Malin Head coastguard station to observe the work that operators carry out there. “I brought Minister Varadkar to Malin Head coastguard station on July 27th last, so that he could see first-hand the quality of the service it provides. I also met with Minister Varadkar in his office at the Department of Transport on two occasions to emphasise my belief that any changes to Irish coastguard services should strengthen the roles of Malin Head and Valentia Island coastguard stations. I also participated in a public meeting at Malin Head coastguard centre on this matter on October 5th.“The confidence that Irish coastguard workers have shown in the quality of the service that they provide has been very strong, right since the publication of the Fisher Report last July. Coastguard staff may have been tempted to react unilaterally to the publication of the report; instead, the operators took a positive approach and engaged proactively with Minister Varadkar.“In these difficult times, it is not possible to win every political battle. Thankfully, common sense has prevailed in the review of coastguard services.”DELIGHT AS MALIN HEAD COAST GUARD STATION IS SAVED was last modified: November 28th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)Tags:DELIGHT AS MALIN HEAD COAST GUARD STATION IS SAVEDlast_img read more

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Pirates try to board luxury cruise liner

first_img AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWalnut’s Malik Khouzam voted Southern California Boys Athlete of the Week The attackers never got close enough to board the Spirit, but one member of the 161-person crew was injured by shrapnel, cruise line president Deborah Natansohn said. The vessel’s 151 passengers, mostly Americans with some Australians and Europeans, were gathered in a lounge for their safety, Good said. None were injured. “Our suspicion at this time is that the motive was theft,” Good said, adding that the crew had been trained for “various scenarios, including people trying to get on the ship that you don’t want on the ship.” The British news agency Press Association said passengers awoke to the sound of gunfire as two 25-foot inflatable boats approached the liner. Edith Laird of Seattle, who was traveling with her daughter and a friend, told the British Broadcasting Corp. in an e-mail that her daughter saw the pirates out the window. NAIROBI, Kenya – Pirates armed with grenade launchers and machine guns tried to hijack a luxury cruise liner off the east African coast Saturday, but the ship outran them, officials said. Two boats full of pirates approached the Seabourn Spirit about 100 miles off the Somali coast and opened fire while the heavily armed bandits tried to get onboard, said Bruce Good, spokesman for the Miami-based Seabourn Cruise Line, a subsidiary of Carnival Corp. The ship escaped by shifting to high speed and changing course. “These are very well-organized pirates,” said Andrew Mwangura, head of the Kenyan chapter of the Seafarers Assistance Program. “Somalia’s coastline is the most dangerous place in the region in terms of maritime security.” “There were at least three rocket-propelled grenades that hit the ship, one in a stateroom,” Laird wrote. “We had no idea that this ship could move as fast as it did and (the captain) did his best to run down the pirates.” The Spirit was bound for Mombasa, Kenya, at the end of a 16-day voyage from Alexandria, Egypt. It was expected to reach the Seychelles on Monday, and then continue on its previous schedule to Singapore, company officials said. The 440-foot-long, 10,000-ton cruise ship, which is registered in the Bahamas, sustained minor damage, Good said. The liner, which had its maiden voyage in 1989, can accommodate 208 guests. “They took some fire, but it’s safe to sail,” he said. There has been a steep rise in piracy this year along Somalia’s nearly 2,000-mile coastline, with 15 violent incidents reported between March and August, compared with just two for all of 2004, according to the International Maritime Bureau, a division of the International Chamber of Commerce that tracks trends in piracy. In June, a U.N.-chartered ship carrying 935 tons of rice for Somali victims of the Asian tsunami was hijacked by pirates, who held crew members hostage for three months before releasing them. Somalia has had no effective central government since opposition leaders ousted dictator Mohamed Siad Barre in 1991. The leaders then turned on each other, transforming this nation of 7 million into a patchwork of battling fiefdoms ruled by heavily armed militias. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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Fresh hope for reopening of Glenties playground after funding secured

first_imgThere are fresh hopes for the reopening of Glenties community playground after it was announced today that funding has been secured for repair works.The playground was locked to the public last month after the committee said they could no longer fund the insurance and upkeep of the space.The playground was originally constructed through local funding, Leader and Lottery grants, which meant that the local authority was not in a position to cover the insurance costs. Recent interventions have sparked fresh hope that Donegal County Council can take over the responsibility of the playground so it can be enjoyed by families again. Glenties Community Playground. Photo: Sue Barrington PhotographyDeputy Pat the Cope Gallagher and local County Councillor Anthony Molloy confirmed today that funding has been secured to carry out the necessary repairs at the playground. A notice of motion to takeover the playground will be submitted to Donegal County Council “at the earliest opportunity”, they said.In a joint statement, Pat the Cope and Cllr Molloy said: “The playground was originally funded through Leader, Lottery and by local contributions, and since its opening the running costs have been the responsibility of the local committee, who have carried out trojan work over the years. We wish to compliment the commitment of the local voluntary group who continue to look after the playground.“We would be hopeful that once the repairs are completed and the playground brought up to a high standard, that the Council will then be in a position to take over the responsibility. “Both of us would like to publicly acknowledge the co-operation of the Playground Committee, Glenties Community Development Group and the benefactor for funding the repairs. We will both maintain the pressure so that the repairs are completed and that Donegal County Council can secure the long term viability of the playground.”  Fresh hope for reopening of Glenties playground after funding secured was last modified: November 17th, 2019 by Rachel McLaughlinShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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Fulham v Brighton line-ups: Two changes for Whites, ex-Fulham man starts for Albion

first_imgGoalkeeper Marcus Bettinelli keeps his place in the Fulham side for the Championship clash with Brighton.The 23-year-old was only on the bench for the opening game at Cardiff last week but was recalled for the League Cup win at Wycombe.Nikolay Bodurov replaced Dan Burn in the other change from the team that drew at Cardiff.Ryan Tunnicliffe, available again after a suspension for inappropriate social media comments, is among the substitutes.But Luke Garbutt, Jack Grimmer, Scott Parker, George Williams and Fernando Amorebieta are all injured.New Brighton signing Uwe Hunemeier starts in place of Lewis Dunk, the centre-back linked with Fulham, who is only on the bench.Former Whites striker Bobby Zamora, who rejoined Brighton in the summer, is not in the squad but another former Fulham player David Stockdale starts in goal.Fulham: Bettinelli; Richards, Hutchinson, Bodurov, Voser; Cairney, Christensen, O’Hara, Pringle; McCormack, Smith. Subs: Lonergan, Kacaniklic, Mattila, Woodrow, Tunnicliffe, Dembele, Burn.Brighton: Stockdale; Bruno, Greer, Huenemeier, Bong; March, Stephens, Kayal, LuaLua; Hemed, Baldock. Subs: Maenpaa, Dunk, Rosenior, Calderon, Forster-Caskey, Ince, O’Grady.Follow West London Sport on Twitter Find us on Facebooklast_img read more

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A Periodic Table Guide to Google’s APIs [Infographic]

first_imgThe periodic table is often used in this kind of context. It’s a classic information visual. Some find it cliche. Others take offense. Here’s what one commenter said about the Google periodic table on Hacker News:Whenever I see “Periodic table of,” I remember of this blog post by Rob Pike: http://commandcenter.blogspot.com/2010/08/know-your-science….“Another sort of abuse is comedy periodic tables: periodic tables of the vegetables, period table of the desserts, periodic table of the presidents, and on and on. There are zillions of them. I believe the vegetables one was the first widely distributed example.What’s wrong with them? Again, they miss the point about the one true periodic table, Mendeleev’s periodic table of the elements. In fact, to put things with no structure into a periodic table not only misses the point of the periodic table, it misses the profound idea that some things have periods.Pike goes on to say that the use of the periodic table as a cultural artifact cheapens science. The periodic table is not some artistic layout of letters, it’s science at its very best, one of the great results of the 19th century and the birth of modern chemistry. It doesn’t honor science to take, say, typefaces and put them in a funny-looking grid. That just mocks the idea that science can predict the way the world works.Science is not arbitrary. Making arbitrary cultural artifacts by abusing scientific ideas is not just wrong, it’s offensive. It cheapens science.Do you agree? I am more of the opinion that this use of the periodic table actually helps make some sense of Google’s numerous API offerings. A Web Developer’s New Best Friend is the AI Wai… Tags:#cloud#cloud computing alex williams Sometimes a picture is the best way to see what a service offers.That’s certainly the case with an infographic that shows Google’s APIs as a periodic table.The different APIs are organized by color category. Hover over the category and the table shadows the correlating APIs.Each API in the table has a link to the page that details the API. Why Tech Companies Need Simpler Terms of Servic… Related Posts Top Reasons to Go With Managed WordPress Hosting 8 Best WordPress Hosting Solutions on the Marketlast_img read more

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