Daily Archives: October 13, 2020

OIL: Shell companies registered in tax havens only serve to hide identity of true owners – Expert

 Oct 13, 2020  News

Example: THE SENEGAL GAS BLOCKS GIVEAWAY

–  Expert says this red flag should always warrant probe

Offshore Oil Rig

Kaieteur News – When oil companies are created in a matter of days or weeks and are registered in territories that keep the identity of the real owners – the ‘beneficial owners’ – a secret, it creates the perfect condition for corruption and tax evasion to flourish. It ultimately robs the citizens who are the rightful owners of a nation’s wealth, billions of dollars.      Continue reading

HOUSING: Barbados developer eying housing investment in Guyana

Mark Maloney

Mark Maloney

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Barbados developer and the principal behind that country’s US$175 million revamped Hyatt Ziva Barbados Resort and The Village at Coverly Housing Project, Mark Maloney has expressed interest in housing investments in Guyana and last week met with President Irfaan Ali to discuss possible projects, sources say.

“He had discussions with the President”,  sources close to the government confirmed with the Stabroek News.  Maloney’s discussions with the president centred on “areas of housing and other sectors”.

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GUYANA OIL: Canje block owners sold shares 6 weeks after receiving block

QUICK FLIPPING A SIGN OF CORRUPTION

The Natural Resource Governance Institute (NRGI) has noted the quick flipping of blocks without having done substantial work, as a major red flag of inquiry into possible corruption.

Kaieteur News – It is unclear whether the first recipient of the Canje oil block, Mid-Atlantic Oil & Gas, ever intended to do the work it committed to doing under the agreement with government.
This is evidenced by the fact that the company sold away shares in the block, a mere six weeks after it received it.

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A Diasporan’s Nostalgia: Guyanese ‘school days’ Parlance – By: Lear Matthews

Pleasant memories at a time of emotional stress, tensions, uncertainty and containment as we try to weave the universal with the particular

 

When I went to primary school, ah had a ‘muff’. Meh sistuh had plaits wid a big ribbon bow. Meh bruduh used to wear banlon jersey and bell-bottom pants.

I used to keep meh ‘frek’($) in meh pants fabs an’ save it up in meh puzzlin’ tin.

We had a Kelvanater fridge, Singer sewin’ machine an’ a Raleigh bike.        Continue reading

FINANCE: American banks’ earnings will gauge customers’ financial health

Is the pandemic leading to a marked rise in defaults on loans to firms and households?
Finance & economics – The Economist – Oct 11th 2020 – NEW YORK
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The banks’ third-quarter earnings season, which begins on October 13th, is the next opportunity to take the banks’ pulse and gauge how America’s economy is faring in its recovery from the ravages of covid-19.            Continue reading