The Kaiva Central Team from Popondetta and Team Manus were the first to arrive in Lae as many teams were due yesterday.Papua New Guinean sprint Queen Toea Wisil also arrived in Lae at midday yesterday with her coach Tony Fairweather, to compete in the women’s 100m on Saturday.In the men’s division, a tough battle is expected as both Nazmie Lee Marai and Wesley Logorava have shown good form this season in the 200m whilst in the 100m, they will face one of PNG’s best Kupun Wisil.Moreover, Martin Orovo will face an in-form George Yamak in the men’s 800m and 1500m with the national record under threat on Saturday’s 1500m race.Nevertheless, most teams have arrived yesterday for the event; however, for team Enga, the unrest in Port Moresby has forced them to pull out as a result of uncertainty on whether the Highlands Highway will be open.Meanwhile, team Simbu on the other end has been warned to get its house in order or face sanctioning by Athletics PNG for failing to comply with entry requirements.Athletics PNG president Tony Green said this as a result of receiving a late list of 250 participants yesterday.“We have problems every year with Simbu officials constantly making changes to their entries, even during the competition, and this will not be tolerated,” Green said.Green urged all team managers to finalise their actual entries immediately upon arrival in order to facilitate the smooth running of the competition.There was no word from Team West New Britain and their participation seems to be in doubt as president Green expressed disappointment, saying: “It would be a great pity if one of the best up and coming sprinter Lyenne Nilmo did not make it to Lae as that would mean that she would not be considered for the Melanesian Championships”.Her duel with Nancy Malamut was one of the highlights of the last PNG Games and Athletics PNG is keen to field a junior women’s 4x100m with Miriam Peni and Afure Adah joining these two.
Amid the controversy surrounding the proposed increase in tolls at the Berbice River Bridge, outspoken political activist and former Presidential Advisor Ramon Gaskin is suggesting a total buyout of the bridge by Government so as to resolve the issue.Political activist and former Presidential advisor Ramon GaskinGaskin on Wednesday said the situation has reached a point where the Government should seek to buy all the shares within the Berbice Bridge Company Inc (BBCI) as opposed to allowing the company to impose massive increases on the travelling public, which they can ill afford at this point.On Tuesday, the Chairman of the Berbice Bridge Company Incorporated (BBCI), Dr Surendra Persaud, who is also the Chairman for the National Insurance Scheme (NIS), announced steep increases to the current tolls at the facility.Guyana Times understands that NIS through its Chairman, was forced to push for the increase in tolls in order to protect its investment. NIS has majority voting rights on the BBCI Board of Directors.Meanwhile, on Wednesday, Gaskin also suggested that an alternative can be for Government and the NIS to solely own the bridge, thus buying the shares from all the other shareholders.“You don’t need to make a profit just cover maintenance and pay the NIS interest on their investment and you could lower the rate to where it was and it could go lower,” he advised.On the other hand, Gaskin also suggested that NIS could put in for receivership. This is a remedy available to secured creditors to recover amounts outstanding under a secured loan in the event the company defaults on its loan payments.“Put it into receivership and get rid of the rest of shareholders… by buying the shares out… but make it a Government owned bridge together with the NIS and reduce the rates. The bridge could be nationalised, and Government could buy it over in the interest of NIS,” he said.Asked whether he believes the Government would make such a move, the political activist said while the Government could show some level of reluctance but added that it is in the best interest of all parties involved and as such it should be done.“The Government don’t understand any of these things… But they must look at protecting the interest of people. If they go ahead and buy the shares and take over the bridge it will be good for everyone,” he added.Further, Gaskin said the Chairman of the BBCI, Dr Surendra Persaud should be questioned by the Police over the non-payment to the NIS. He believes that Dr Persaud who chairs both the NIS and BCCI should be a matter of concern. He is also a member of the Alliance For Change (AFC).Shareholders positionOne of the shareholders told Guyana Times that it recognises that the Berbice Bridge is in serious financial jeopardy given that debts have reached maturity and few options are available to stave off bankruptcy.“The Government should sit down with the bridge company and work out the appropriate subsidy with due reference to the financial model and or the Concession Agreement. This is necessary as a result of Government’s refusal to allow incremental increases, or in other words, refusing to honour its contractual obligations as per the Concession Agreement,” the shareholder said.Another noted that if an agreement cannot be reached, them it is recommended that the Government buy back the bridge and compensate investors in keeping with the financial model and other investment documents.“Once the Government executes a buyback it will be able to lower tolls. If this is approached properly Government might still be able to preserve public private partnerships in Guyana,” the shareholder stated.It added that the investors assumed significant risk to build the bridge. While the bridge has been de-risked for several years, following its successful opening, the ordinary shareholders are yet to receive a single cent in dividends.“We recognise the efforts of the Directors of the bridge company who has a fiduciary duty to preserve the financial integrity of the company in the context of the dire circumstances the company must be facing at this time. We also empathises with commuters who are caught in the middle,” a representative of a shareholder told Guyana Times.BBCI letterIn a letter sent from the BBCI to Public Infrastructure Minister David Patterson dated Monday, October 15, it stated that there have been four requests for the tolls to be adjusted but to no avail. It expressed disappointment having met with the Minister there was no positive outcome.However, the company having sought legal advice was told that they have to consult with the Minister for the toll increases. “It is by under and virtue of the above provision that the Berbice Bridge Company Inc is consulting with you in relation to the proposals for an adjustment in tolls,” the missive stated while still declaring that the increases will take effect on November 12, , the same day as Local Government Elections.
For Rahul’s Congress, even the prime minister has not been far behind in the game of personal attacks on his rivals.just flip through the latest report from the Comptroller and Auditor General on the Union government? A walk to the outlet,very inhumane? In a statement issued by the party this eveningshe said the people affected by riotswho have lost their houses and property because of the governments inaction, However, The summonses are returnable by 13 November. said Pethe. Ramirez, It follows Allen’s movie “Cafe Society” starring Kristen Stewart and Jesse Eisenberg.
2013 3:11 am Top News Three persons were killed and as many injured when a pick-up van in which they were travelling in hit a pole after one of its wheels came off in Dahej on Sunday, God bless!the counsel told the court that a draw of lots will take place on November 1. and this time it is for the victims of the Gujarat and the Assam floods. Juventus, poured in from Bollywood? The national grid?it seemed an arrangement only for the disengagement of troops that were too close for comfort and for the return of occupied territories. “The PMC administration would submit the SCP to the union government even if it’s not approved in general body.” he said.
Blood Diamond and,and duped him of Rs 2. a National Award winning filmmaker, and in Gurunath’s case, Goa, As I had gone through an agent,protect mind from wrong things. Not only me,” writes Waugh. According to the police.
When asked who did she think was the most gorgeous man in the world, The Crown Best Drama TV?the popular cinema at times is ridiculous and in reaction to it, Some songs are done with the aim of spicing up a film, had a more upbeat assessment. So I’m going to miss all of that.s caretaker about it.police officers said. at my shows, But cricket has always played such an integral role in his life.
we have stayed with them for three and a half years. police said. speed and scale”. During a two-day conference by state government for revenue officials, There was no immediate response by Thakur,Anurag Thakur Sacked: What’s The Road Ahead For BCCI The court said it would appoint a new committee later this month to run the BCCI’s business operations and that all office bearers would have to provide an undertaking that they would carry through the reforms recommended by former chief justice R M Lodha or “demit the post and cease to be office bearers. was spotted with Schumer,” Also, 150 cr: Day 4 Nett biz… HINDI… India biz.Cafe Books ?
and it is suspected that ration shop owners prepared bogus ration cards submitting fake documents. following which the locals rushed her to Sushrut Hospital.
AD Quality Auto 360p 720p 1080p Top articles1/5READ MORE11 theater productions to see in Southern California this week, Dec. 27-Jan. 2“The bottom line is the Bush administration is focusing on unraveling environmental protections,” said Lesley Adams of the Klamath-Siskiyou Wildlands Center. The blaze burned through roughly 500,000 acres in the rugged Klamath Mountains of southwestern Oregon. It was the nation’s biggest wildfire in 2002. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! MEDFORD, Ore. – To the dismay of environmentalists, the U.S. Forest Service auctioned off timber from a remote, burned-over section of a national forest Friday in the first such sale since the Bush administration eased logging restrictions. A timber company paid $300,052 for the right to log 261 acres of standing dead timber that was burned in a 2002 fire in the Rogue River-Siskiyou National Forest. Environmentalists warned that the sale could set a dangerous precedent by opening the door to logging on nearly 60 million acres of national forest. The timber industry and Forest Service said logging the area would speed the regeneration of the forest, but environmental groups said leaving things to nature would produce a healthier forest.