US$3M settlement for outstanding GTT shares payment not finalised

- Harmon

Joseph Harmon

Minister of State Joseph Harmon says that the US$3 million settlement offer made by Hong Kong Golden Telecom Limited (HKGT) on the outstanding balance for its purchase of government shares in the Guyana Telephone and Telegraph Company (GTT) is being actively considered, but the government’s goal is to recover the entire US$5 million that is owed.

“It is not final as yet. Nothing is final because we are still striving to get our US$5 million,” Harmon said when contacted by Stabroek News.

On Monday, sources with knowledge of the ongoing negotiations had said that the National Industrial and Commercial Investments Limited (NICIL) recently accepted the US$3 million offer, which would soon be engaging the attention of Cabinet.

Sources explained that it….


Three senior employees of NBS charged with unlawful confinement

Three employees of the New Building Society were today released on self-bail after being arraigned before a Georgetown court on eight counts of unlawful confinement alleged to have occurred at its main branch.

Windies qualify for World Cup one day finals

HARARE, Zimbabwe, CMC – West Indies sneaked into next year’s World Cup in England but barely, after needing the fortune of Duckworth-Lewis to beat Scotland by five runs in their final Super Six match of the ICC World Cup qualifiers here today.

Executions, torture and slave markets persist in Libya – UN

GENEVA,  (Reuters) – Armed groups execute and torture civilians in Libya in almost complete impunity seven years after the revolution that toppled Muammar Gaddafi, the United Nations human rights office said on Wednesday.

Experts for Cabinet caucus on oil future

A group of international researchers and petroleum policy advisors will today meet Cabinet ministers to discuss the emerging oil and gas sector and give insight into prudent preparations for the revenues that will be generated from the industry.

Mother, 41, dies after delivery at Linden hospital

A 41-year old mother from Central Amelia’s Ward, Linden, died on Monday evening, having reportedly suffered severe haemorrhaging after delivering a 10-pound baby at the Linden Hospital Complex.


Not Ready to Subscribe ?

You can still join over other 15,000 subscribers and receive FREE breaking news alerts as they happen and the morning brief featuring top stories of the day. 

Your browser is out-of-date!

Update your browser to view this website correctly.

We built using new technology. This makes our website faster, more feature rich and easier to use for 95% of our readers.
Unfortunately, your browser does not support some of these technologies. Click the button below and choose a modern browser to receive our intended user experience.

Update my browser now