SWF draft framework for January sitting of National Assembly

first_img– Petroleum Commission Bill ready to be tabled The establishment of the Sovereign Wealth Fund (SWF) is moving closer to realisation, as a draft framework is set to be tabled in the National Assembly when Parliamentarians resume sitting in early January.Natural Resources and the Environment Minister Raphael Trotman made the announcement on Thursday at the ministry’s yearend press briefing.Trotman said in an effort to ensure that the benefits from the Natural Resources Sector reach every Guyanese, Government is developing, with the assistance of the legal department of the Commonwealth Secretariat, a framework for the SWF in the new year. He said the framework is being finalised, and its draft is being delivered.The fund will help Government protect the economy from the volatile nature of natural resources revenue, help grow and modernise sustainable non-attractive sectors of the economy and further enhance capacity of the people. He said the draft framework for the fund will be presented to the National Assembly in January.The SWF, defined as pools of money derived from a country’s reserves, is set aside for investment purposes that will benefit the country’s economy and citizens. Funding for the SWF comes from Central Bank reserves that accumulate as a result of budget and trade surpluses, and from revenue generated from the exports of natural resources.Reacting to the United States oil company’s first announcement last year that there was oil in Guyana’s waters, President Granger had said he was elated and vowed that the disposal of any natural resource will go towards benefitting the people of Guyana.At his Press Conference on Thursday, Trotman related that the oil and gas company has already presented its development plan for 2017.Just two weeks ago, the oil company signed an agreement with a Dutch consortium for the construction of a floating and offloading facility, signalling that all parts are coming together for the commencement of production, slated to begin in 2020.Trotman noted that the Ministry also recently received the development plan from the Esso exploration limited that outlines their every step to oil production. He said the technically complex and critical document will be reviewed for approval by international experts approved by Government.Meanwhile, the minister said much emphasis will be placed on the capacity building as well as the creation of a Petroleum Regulatory Commission. The Petroleum Commission bill has been drafted and is ready to be tabled in the National Assembly, he informed.He said it has been shared with a wide range of stakeholders and civil society along with the parliamentary opposition.He said Guyana is being proactive in its approach to the emerging sector to ensure that all mechanisms necessary for the effective management and the best outcomes for its people are in place before the first barrel of oil is produced.According to Trotman, the Government with support from partners seeks to build the capacity of policy makers, officers, technicians, private sector professionals and all stakeholders on the issues and challenges surrounding this emerging sector.He said that Government recognises the need for a highly skilled workforce in this sector and as such, will be investing in building the capacity of professionals and technicians.Some of the external partners involved in the capacity building efforts are the oil companies, the Mexican Embassy, which is providing scholarship opportunities, the US Government, the Commonwealth and Chatham House.He said the ministry is also building its capacity as technical officers are given the opportunity to attend capacity building workshops, seminars, mentoring exchanges and conferences in Kenya, Uganda, Trinidad & Tobago, and the US.last_img read more

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Late flourish keeps Gunners top

first_imgArsene Wenger’s side did not manage to muster a single shot on target in the first half, although they were denied a penalty after Gary Medel appeared to trip Jack Wilshere inside the Cardiff area.Wilshere struck the base of the post in the second half, before substitute Bendtner slammed home in the 88th minute after Cardiff goalkeeper David Marshall parried a header from Bacary Sagna.Walcott added a second goal in injury time to rubber-stamp Arsenal’s return to first place, after Manchester City had taken temporary possession of top spot by winning 3-2 at Swansea City.“We needed to be patient against a very good Cardiff side,” said Arsenal manager Wenger.“We know we have to play 10 home games and we want to make this place a fortress and take the points no matter what the others do. If we can manage to do that, we will be in a very strong position.”City’s Brazilian midfielder Fernandinho scored the first goal of the new year in the 14th minute at a rain-soaked Liberty Stadium, drilling home right-footed after Swansea partially cleared a Samir Nasri corner.Ivorian striker Wilfried Bony equalised with a well-placed header in first-half stoppage time, but his international colleague Yaya Toure restored the visitors’ lead with a deflected shot in the 58th minute.City’s Serbian left-back Aleksandar Kolarov added a third eight minutes later, lashing a powerful strike past Swansea goalkeeper Gerhard Tremmel, before Bony struck again in injury time with a vicious low shot.“It was a very good result because Swansea are a strong team here at home and also away,” City manager Manuel Pellegrini told Sky Sports. “I think the way we won today is very important for us.”City finished the day a point behind Arsenal in second place, with Chelsea a point further back in third after a 3-0 success at Southampton.Fernando Torres gave Chelsea the lead on the hour with a close-range header after a deflected cross from Oscar came back off the post, with Willian making it 2-0 11 minutes later from Oscar’s pass.Oscar, a second-half substitute, crowned an impressive individual performance by adding a third goal eight minutes from time.Liverpool responded to consecutive losses at the hands of City and Chelsea by winning 2-0 at home to Hull City, which took them back into the top four.Daniel Agger broke the deadlock with a 36th-minute header, with Luis Suarez netting his 20th goal of the campaign with a fine free-kick early in the second half.Sixth faces seventh in the day’s late kick-off, with Manchester United welcoming Tottenham Hotspur to Old Trafford.Everton slipped out of the top four despite Leighton Baines scoring an injury-time penalty to earn Roberto Martinez’s side a 1-1 draw at Stoke City, who had taken a 49th-minute lead through Oussama Assaidi.Nicolas Anelka started for West Bromwich Albion against Newcastle United, despite being under investigation by the Football Association over an allegedly anti-Semitic goal celebration.The Frenchman played for 88 minutes in West Brom’s 1-0 win, which saw Saido Berahino net the winning goal from the penalty spot with three minutes remaining.Newcastle defender Mathieu Debuchy had earlier been sent off for an ugly foul on Claudio Yacob.Fulham escaped from the drop zone after coming from behind to win 2-1 at home to fellow relegation contenders West Ham United, who remain second from bottom.Mohamed Diame gave West Ham a seventh-minute lead, but Steve Sidwell equalised with a header and after visiting captain Kevin Nolan was sent off for kicking out at Fernando Amorebieta, Dimitar Beratov tapped in a 66th-minute winner.Sunderland remain bottom of the table after Gabriel Agbonlahor’s 15th-minute goal earned Aston Villa a 1-0 win at the Stadium of Light, while third-bottom Crystal Palace were held to a 1-1 draw by Norwich City.0Shares0000(Visited 2 times, 1 visits today) 0Shares0000LONDON, January 1 – Nicklas Bendtner and Theo Walcott scored last-gasp goals as Arsenal edged Cardiff City 2-0 on New Year’s Day to preserve their place at the Premier League summit.With former Manchester United striker Ole Gunnar Solskjaer in attendance, amid reports he is due to succeed the sacked Malky Mackay as Cardiff manager, Arsenal dominated the game but looked destined to drop points until Bendtner’s dramatic intervention.last_img read more

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L.A. condo rules closer to approval

first_imgSince 2001, tenants from some 12,000 rent-controlled units have been evicted to make way for condo conversions and demolitions to build new ones. In addition to the tenant-relocation fees, the proposed rules would levy a per-unit fee – $671 for special-needs tenants and $431 for other tenants – to a relocation firm to help tenants find new apartments. The city is also appointing a panel of experts to consider whether to cap the number of condo conversions allowed. kerry.cavanaugh@dailynews.com (213) 978-0390160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Kate Bartolo with development company The Kor Group said the money should be targeted to residents who have the greatest need. “It is completely unclear who would benefit and when they would benefit,” Bartolo said. But low-income housing advocates pushed the council to adopt the new relocation funds and said they were concerned that the fees could be reduced in last-minute negotiations. “Even this money will do nothing to guarantee new and decent housing (tenants) can afford,” said Larry Gross with the Coalition for Economic Survival. Roughly a year after activists first raised concerns about mass evictions for condo conversions, City Council members said they’re close to completing rules that will probably discourage some property owners from pursuing condo conversions by making the process more expensive. Two Los Angeles City Council committees moved one step closer Tuesday to finalizing strict new rules governing evictions and condominium conversions, but it remains unclear how much property owners would pay relocating tenants. The elderly, disabled and parents with children could receive $17,000 under a relocation mandate ordered by the Planning Commission. Landlords now pay $8,000 for special-needs tenants. Other renters would receive $9,000 in relocation funds. They now get $3,200. But landlords and developers said the proposed relocation fees are too high, don’t take into account tenants’ incomes or length of residency and could be levied even if a planned condo conversion never goes through. last_img read more

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The Northeast BC Resource Municipalities Coalition co-host community luncheon

first_imgTickets can be purchased for $25 each through Eventbrite or at the door. FORT ST. JOHN, B.C. – The Northeast BC Resource Municipalities Coalition will be co-hosting a luncheon with the Independent Contractors and Business Association of BC (ICBA) this Wednesday.ICBA is the largest open shop organization in Canada. The ICBA has is also the main voice of BC’s construction industry.The ICBA program to support responsible resources development matches the Coalition’s goals and objectives.- Advertisement -The Coalition and the ICBA both agree the issue they want to focus on together is gaining access to world markets for all resources.“BC cannot maintain its quality of life and access to education and health services if it cannot gain access to world markets and anticipated growth in China, India and Africa. The Coalition sees many similarities between its work and advocacy and that of ICBA.”The luncheon is open to the public and speakers for both the Coalition and the ICBA.Advertisementlast_img read more

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MLB NOTEBOOK Jocketty no longer the GM in St. Louis

first_imgFrom news services Walt Jocketty is out as general manager of the St. Louis Cardinals, one year after the team won the World Series for the first time since 1982. It was unclear whether Jocketty was fired or resigned after 13 seasons. The Cardinals said his departure was a mutual decision. “I think we had a little different philosophy and vision with respect to some baseball issues,” owner Bill DeWitt Jr. said Wednesday. Jocketty and Manager Tony La Russa have been together both in Oakland and St. Louis. La Russa’s contract is expiring, and it is not known whether Jocketty’s departure will play a role in whether La Russa stays. Assistant general manager John Mozeliak was appointed interim GM. Jocketty was hired in 1994 and took over a team that hadn’t reached the playoffs since 1987. He hired La Russa before the 1996 season, and the Cardinals reached the NL Championship Series, where they lost to Atlanta in seven games. St. Louis won six NL Central titles under Jocketty and two NL pennants. After failing to spend much on free agents last winter, the Cardinals faded to a 78-84 record this year and a third-place finish behind Chicago and Milwaukee. “There was clearly tension that was reported widely,” DeWitt said. “While I’ve said on several occasions tension is in every organization, I do think it got to be counterproductive. We couldn’t achieve our goals given what was going on.” Jocketty was upset by the decision last year to promote Jeff Luhnow to vice president of amateur scouting and player development, a move that cut into Jocketty’s power in running the draft and the team’s minor league system. “Certain changes are made and people grumble about it, and move on,” DeWitt said. “I don’t think that was the case in this situation. It got worse. It’s really hard when everybody is not on the same page.” Clemens set to start for Yankees The Rocket’s ready to fire again in the playoffs. Roger Clemens, who had several starts pushed back because of an injured hamstring, said Wednesday that he’s set to pitch for the New York Yankees in Game 3 against the Cleveland Indians. Clemens had no problems during a 69-pitch simulated game on Tuesday in Tampa, Fla., a final tuneup before what will be his 34th postseason start. “I feel fine, I really do,” the 45-year-old said. “Everything is right on schedule for me, and I’m excited to be here. I still have to go out there and get it done in a game, and that’s something completely different, but I feel good.” Clemens said he benefited from the time off and had no problem with the club’s decision to delay his starts so he would be ready to pitch in October. ETC.: Alex Rodriguez is preparing for an addition to his family while he gets ready to face the Indians in the playoffs. The Yankees third baseman and his wife, Cynthia, are expecting their second child in the spring, according to People magazine. … The Yankees submitted lavish expenses to the city as planning costs for the new stadium they are building, a watchdog group said. The group, Good Jobs New York, accused Yankees officials of turning in to the city’s Department of Parks and Recreation receipts for 2005 for expenses including crystal baseballs, postseason bar tabs, wool baseball caps and gifts for corporate clients. Dodgers cut ties with Johnston The Dodgers informed assistant trainer Stan Johnston that his contract, which expires on Dec. 31, will not be renewed. Johnston has been with the organization since 1985 and served as the Dodgers’ head trainer from 2000-06, but was demoted to assistant when Stan Conte was brought in as head trainer last winter, shortly after Conte resigned his position as San Francisco’s head trainer. “I enjoyed my 22 years with the Los Angeles Dodgers organization and everything I did to advance and further their commitment to being an outstanding organization,” Johnston said. “I am saddened that I am not going to be a part of the future of the organization.” A Dodgers spokesman said team officials would have no comment on the matter. Johnston spent 10 seasons as a trainer in the Dodgers’ minor-league system before joining the big-league training staff in 1996. Around the leagues Mets: Tom Glavine is likely to decline his $13 million option by Friday’s deadline, giving the pitcher time to think about his future. Glavine’s contract said he must make a decision on the option by the fifth day after the Mets concluded their season. Brewers: Ned Yost will return next season as manager, although General Manager Doug Melvin didn’t sound as if the team was giving him a long-term commitment. “I’m not prepared to make a change with Ned at this point. But again, the bar is raised for all of us. I don’t take anything for granted,” Melvin said. Marlins: Shortstop Hanley Ramirez had arthroscopic surgery to repair his injured left shoulder. Ramirez is expected to be ready for spring training. Astros: The team hired Ed Romero as third base coach. Romero spent the past three seasons as the roving infield coordinator for the Marlins. Before that, he was a minor league manager and instructor with the Brewers organization for eight years. Royals: The team broke ground on a $250 million renovation of Kauffman Stadium, which will include a new scoreboard, widened concourses and a team hall of fame. Miscellany: ESPN and Major League Baseball reached an agreement that will allow the network to place its sets onsite during playoff games, while it will mention the other stations that are airing contests. With ESPN no longer showing playoff games under baseball’s newest TV contract, all the contests are on Fox, TBS or TNT. Staff writer Tony Jackson contributed to this notebook.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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Premier League clubs ranked by shot conversion rate so far this season

first_img Joint 12. Tottenham Hotspur’s shot conversion rate is 13.33 per cent 20 8. Crystal Palace’s shot conversion rate is 14.67 per cent 20 6. Hull City’s shot conversion rate is 14.89 per cent 18. Stoke City’s shot conversion rate is 9.43 per cent 15. Bournemouth’s shot conversion rate is 12 per cent 16. Burnley’s shot conversion rate is 11.63 per cent 17. West Ham United’s shot conversion rate is 10.96 per cent 20 Joint 12. Chelsea’s shot conversion rate is 13.33 per cent 20 20 20 20 2. Liverpool’s shot conversion rate is 21.18 per cent 20 20 20 20 20 20 20 20 20 14. West Bromwich Albion’s shot conversion rate is 12.5 per cent 10. Manchester United’s shot conversion rate is 14.13 per cent 20 20 4. Watford’s shot conversion rate is 20.69 per cent As the Premier League pauses for the international break, it’s time to reflect on the season so far.The game is all about goals, but which clubs are proving to be masters when it comes to taking their chances?And which clubs need to sharpen their shooting?You’ll find the answers in the slideshow above. All statistics correct on 3 October 2016 and do not include blocked shots.WIN! A SAMSUNG HOME CINEMA KIT AND YEAR’S SUBSCRIPTION TO SKY SPORTS, WITH SCRUFFS – CLICK HERE 20 5. Middlesbrough’s shot conversion rate is 16.67 per cent 7. Leicester City’s shot conversion rate is 14.81 per cent 20 19. Swansea City’s shot conversion rate is 8.57 per cent 3. Manchester City’s shot conversion rate is 20.93 per cent 9. Sunderland’s shot conversion rate is 14.29 per cent 20. Southampton’s shot conversion rate is just 8.33 per cent – the worst in the Premier League! Find out which club has the best conversion rate, just click the arrow above to begin the countdown to number one 11. Everton’s shot conversion rate is 13.41 per cent 1. Arsenal’s shot conversion rate is 22.86 per cent – the best in the Premier League so far this campaignlast_img read more

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Datebook

first_imgSATURDAY Over-the-Line Baseball Tournament, 8 a.m.-4 p.m., California State University, Northridge, G4 parking lot, east side of campus near Zelzah Avenue and Prairie Street. Call (818) 756-9757. History of Movie Making in the Santa Clarita Valley, 1-4 p.m., Saugus Train Station, Heritage Junction, 24107 San Fernando Road, Newhall. Call (661) 254-1275. Charity & the JAMband 4 and 5 p.m., Getty Center, 1200 Getty Center Drive, Los Angeles. Free. Call (310) 440-7300. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREWhy these photogenic dumplings are popping up in Los AngelesMail Datebook entries – including time, date, location and phone number – to Daily News City Desk, P.O. Box 4200, Woodland Hills, CA 91365; fax (818) 713-0058; e-mail dnmetro@dailynews.com. 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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John Collins wants Michael O’Neill to be Scotland’s next manager

first_imgJohn Collins believes Michael O’Neill is the outstanding candidate to be Scotland’s next manager.O’Neill has worked wonders as boss of his native Northern Ireland, leading them to the Euro 2016 finals and to the brink of qualification for the 2018 World Cup.He has a long association with Scotland, having represented Ayr United, Clydebank, Dundee United, Hibernian and St Johnstone during his playing days, and currently resides in Edinburgh.And, speaking on the Alan Brazil Sports Breakfast, Collins said he would be supportive of the Scottish FA making a move for the 48-year-old after parting company with Gordon Strachan.Asked who he wants to be Scotland’s next boss on talkSPORT, Collins responded: “Michael O’Neill is the one that sticks out.“He has got a track record of getting results, with no disrespect to Northern Ireland, with an inferior squad. What he has done is incredible.”Collins, who won 58 caps for Scotland in an illustrious playing career, added: “Michael lives in Edinburgh. He has lived in Scotland for more than 20 years.“I know he won’t like me talking about him as the Scotland manager, but he is the one that sticks out.”last_img read more

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Explained: Why Arsenal and Tottenham decided against signing January target

first_img Premier League Team of the Season so far, including Liverpool and Leicester stars ADVICE REPLY LATEST FOOTBALL NEWS no dice Oxlade-Chamberlain suffers another setback as Klopp confirms serious injury Arsenal and Tottenham walked away from a potential deal for Malcom due to the loan fee Barcelona were requesting, according to reports.The Sun claim the two north London clubs were ‘astonished’ by Barca’s demands and decided to cool their interest in the Brazilian winger. Berahino hits back at b******t Johnson criticism – ‘I was in a dark place at Stoke’ Top nine Premier League free transfers of the decade MONEY RANKED BEST OF Both sides had been linked with Malcom throughout January, and Barcelona were believed to be willing to let him leave before Thursday’s 11pm deadline to guarantee him game time. The 21-year-old has made only 12 appearances for the Camp Nou club since joining from Bordeaux for £36.5million last summer.However, Arsenal and Spurs were put off by Barcelona’s demands and pulled out the race for Malcom, who failed to secure a January transfer so will now remain with Blaugrana for the foreseeable future. Malcom failed to secure a move away from Barcelona center_img huge blow Forbes list reveals how much Mayweather, Ronaldo and Messi earned this decade Which teams do the best on Boxing Day in the Premier League era? 1 shining Ronaldo warned Lukaku how hard scoring goals in Serie A would be before Inter move Every time Ally McCoist lost it on air in 2019, including funny XI reactions Where Ancelotti ranks with every Premier League boss for trophies won REVEALED REVEALED Son ban confirmed as Tottenham fail with appeal to overturn red card Tottenham’s decision to not sign Malcom means they ended the January window without signing a single player, making it two transfer windows in a row with no new players brought to north London.Arsenal did complete some business before Thursday’s deadline, with one Barcelona player making the move from Camp Nou to the Emirates on a temporary basis.Denis Suarez penned terms with the Gunners for the remainder of the season, with Arsenal having the option of purchasing the Spain midfielder outright in the summer.last_img read more

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Euro 2016 Talk: Icelandic commentator loses mind, Brady’s on fire

first_imgJeff Hendrick takes on the Ronaldo role.LOUD NOISES!Germany’s Brexit promise.Zlat’s it folks!Ronaldo: I hate Iceland!Frettabladid front page Press ReaderIrish Independent front page Press ReaderJornal de Noticias front page Press ReaderGazzetta dello Sport front page Press ReaderHet Nieuwsblad front page Press Reader Peter Martin on James McFadden’s goal has nothing on this.They love each other really.More Irish injustice.Does this count as wasting the time of emergency services? What will be the real legacy of Euro 2016? A new sense of continental unity? Improved security for supporters? No, it’ll probably be calls made to emergency services reporting players being on fire.The Northern Irish fire brigade must have taken countless calls of Will Grigg being on fire over the past few weeks, but last time it was their Republic of Ireland counterparts’ turn to take the calls. This time Robbie Brady was on fire.Elsewhere, one Icelandic commentator sounded like he was on fire as he celebrated his country’s dramatic winner against Austria. And Germany has made a Brexit promise to England. It’s all in today’s Euro 2016 Talk.last_img read more

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