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Speaker of the National Assembly Manzoor Nadir called a press conference this morning to declare that the controversial Natural Resource Fund Bill was “legally and lawfully” passed in the National Assembly last evening during its chaotic sitting. “I want to make it pellucid that the Bill was passed lawfully, legally last evening in the National […]
Following Wednesday’s chaotic sitting of the National Assembly at which the Speaker’s Mace was removed from its place by an Opposition Member, the Government and Opposition are now haggling over whether the controversial Natural Resource Fund Bill was legally passed. In a statement after the sitting, the Opposition APNU+AFC said the Natural Resource Fund Bill […]
As members of the Opposition chanted loudly and blew whistles in the National Assembly, the Government moved quickly to pass the Natural Resource Fund Bill and the Speaker allowed the passage without any debate. The National Assembly descended into chaos this evening as the Opposition Members protested loudly against the controversial Bill just after it […]
The Bar Council of the Guyana Bar Association has taken offense to several comments which were made by Attorney General Anil Nandlall today during his contribution to the Local Content Bill debate in the National Assembly. The Association’s main contention is with the provision in the Bill that deals with legal services, noting that the […]
The New Building Society (NBS) has announced that it will be further reducing its mortgage interest rates from January. When the Government increased the mortgage ceiling earlier this year from $12M to $15M, the NBS announced an across the board reduction in its mortgage interest rates to all borrowers In a release today, NBS said […]
The Private Sector Commission today threw its weight behind the passage of the Natural Resource Fund legislation in its current form even though its sister private sector body the Georgetown Chamber of Commerce and Industry called for the passage of the legislation to be delayed. In a statement, the PSC said the new Bill which […]
When the Local Content Bill is signed into law, the Ministry of Natural Resources will move immediately to set up and operationalize the Local Content Secretariat. The Secretariat will be based at the Ministry of Natural Resources and will be primarily responsible for the monitoring of companies involved in the oil and gas sector to […]
While commending the government for its effort to improve accountability and the management of Guyana’s earnings from oil resources, the Georgetown Chamber of Commerce believes more time should be provided to get the public’s input and comments on the bill. “Given the paramount importance of this Bill, and its use as a tool for intergenerational […]
The political party, A New and United Guyana (ANUG) has lashed out at the Irfaan Ali- led government over its governance policy since taking office, declaring that there is an alarming trend, in which the government has been marginalizing those who are not perceived to be among the party faithful in favor of those who […]
A combative President Irfaan Ali today passionately defended the Natural Resource Fund Bill which will come up in the National Assembly tomorrow for a second reading and passage despite calls for it to be delayed and for consultations to be held on its contents. The Government has faced an avalanche of criticism over the new […]
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