News – Page 158 – Guyana Times International

Former TT PM cautions Guyana against using wealth fund as “cash cow”

November 16, 2018November 16, 2018 TIMES INT'L

…recommends legislative framework to protect reserve The Government of Guyana is giving great consideration towards the establishment of a Sovereign Wealth Fund (SWF), which is an investment reserve that is expected to benefit the country’s economy and people. However, former Prime Minister of Trinidad and Tobago, Kamla Persad-Bissessar, is strongly warning that this accumulation of money, once in place, should not be used as a “cash cow” for whenever there is a deficit in financial budgeting. Funding for the SWF comes from Central Bank reserves that are set aside as…

Guyana gets tough with errant drivers

November 16, 2018November 16, 2018 TIMES INT'L

– Traffic Chief says stricter enforcement coming soon All of the Closed-Circuit Television (CCTV) cameras at key city intersections are functioning, Traffic Chief, Superintendent Linden Isles confirmed while warning that drivers will continue to be prosecuted. Isles, during a recent interview at Eve Leary, said despite some misconceptions, “all the cameras are working” and are constantly monitored and the subsequent images stored. He also confirmed that there were, and continues to be, successful prosecutions of errant motorists, who commit traffic offences. “Footage from some of these cameras has led to…

President’s prognosis is good

November 16, 2018November 16, 2018 TIMES INT'L

… expected to make full recovery following cancer diagnosis President David Granger has been diagnosed with cancer and will undergo chemotherapy in Cuba. This was confirmed in a statement issued by the Embassy of Guyana in Cuba late Wednesday. The President left with his wife, First Lady Sandra Granger for Cuba around two weeks ago. A statement issued by the Ministry of the Presidency on October 29, 2018, confirmed his travel. It said that the President and the First Lady will spend one week in Cuba. Subsequently, another update was…

Bus driver jailed for causing death of pedestrian

November 16, 2018November 16, 2018 TIMES INT'L

A resident of Farm, East Bank Demerara was on Tuesday found guilty for causing the death of 43-year-old Franklyn Dover by dangerous driving on August 8, 2018, and was sentenced to two years imprisonment. The sentence was handed down by Chief Magistrate Ann McLennan to 32-year-old Jamal Lowe who was previously granted bail on the charge. It was alleged that on August 8, 2018, at Covent Garden, East Bank Demerara (EBD), he drove minibus BVV 2848 in a manner dangerous to the public thereby causing the death of Franklyn Dover.…

Man succumbs two weeks after being struck on Railway Embankment Road

November 16, 2018November 16, 2018 TIMES INT'L

Two weeks after a pedestrian was struck down on the Strathspey Railway Embankment, East Coast Demerara (ECD) has succumbed to his injuries at the Georgetown Public Hospital on Monday. The man, who was only recently identified as Rishi Bhagwandin, 28, of Lot 286 Enmore Hope, ECD, reportedly succumbed about 17:30h without regaining consciousness. Bhagwandin was struck down on October 30, 2018 by a motor car bearing registration number PVV 9941, which was at the time being driven by a 33-year-old Friendship, ECD resident. Guyana Times International had previously reported that…

Cops probing alleged rape of 6-yr-old in Linden

November 16, 2018November 16, 2018 TIMES INT'L

Police in Linden, Region 10 (Upper Demerara-Berbice) are probing the alleged rape of a six-year-old child. Guyana Times International understands that a 44-year-old man of Wisroc, Wismar, Linden, has been arrested and questioned in relation to the incident. This newspaper was told that he has since been released on G$50,000 station bail pending the probe. A Police source confirmed that as a condition for the station bail, the man is required to report daily at the Police station. E Division (Linden-Kwakwani) Commander, Linden Lord has indicated that legal advice has…

Police rank shot after vessel comes under attack

November 16, 2018November 16, 2018 TIMES INT'L

A Police rank attached to the Macapa Base, Cuyuni River, Region Seven (Cuyuni-Mazaruni) was on Tuesday shot and injured after the vessel he was travelling in came under attack by a group of men on the Venezuelan side of the border. Corporal Quincy Alexander, 38, of South Amelia’s Ward, Linden, was shot to the lower back and was late Tuesday evening medevac to Georgetown to receive medical treatment. His condition is listed as serious but stable. Based on reports received, the Police rank was among a group of passengers onboard…

Oil and gas framework must be fiscally robust – financial analyst

November 16, 2018November 16, 2018 TIMES INT'L

…says ‘Green Paper’ does not offer enough protection to Guyanese Guyana must be financially prepared for the incoming oil boom if the country and its people are to truly benefit from the revenues earned from this new sector. This is according to financial analyst Sasenarine Singh who said that it must first be established that this oil wealth will only be felt by the masses around 2024. “Those who are spreading this myth that the good life is coming in 2020 are out to mislead the people for political purposes,”…

Opposition bemoans slothfulness of SOCU in dealing with allegations against Min. Patterson

November 9, 2018November 9, 2018 TIMES INT'L

General Secretary of the People’s Progressive Party (PPP) Bharrat Jagdeo is again questioning the slothfulness of the Special Organised Crime Unit (SOCU) having publicly committed to question Public Infrastructure Minister David Patterson over the sole sourcing of a G$148 million Demerara Harbour bridge contract. Jagdeo on Wednesday said the PPP will be re-fling private criminal charges against several Government Ministers. The Public Procurement Commission (PPC) had flagged Minister Patterson for requesting from Cabinet that the contract be sole sourced, instead of being processed through the Procurement Board as the law…

Court orders retrial for man accused of killing friend

November 9, 2018November 9, 2018 TIMES INT'L

The Appeal Court of Guyana on Monday overturned the decision of Justice Navindra Singh, who sentenced Redrick Alexander, called “Bumpy”, to 56 years in prison after a jury of his peers found him guilty of murdering his friend, Carl Thomas, known as “Dog”, back in November 2010. Alexander’s sentence had been handed down in April 2014 after a murder trial in the High Court. However, he appealed the verdict and the corresponding prison sentence imposed upon him. When his matter came up for hearing, his attorney, Nigel Hughes presented arguments…