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Barama Company Limited, a foreign-owned timber company operating here, yesterday said that the recent statements by its former investor, Norwegian Pension Fund (NPF), accusing it of illegal logging, are inaccurate. As a matter of fact, BCL said in a short statement yesterday, NPF had been invited to Guyana to visit the Guyana operations,China NFL Jerseys, but there was no response.“We are disappointed by the announcement made by the Norwegian Government Pension Fund. Their public characterization of us is inaccurate and not based on complete information. We had invited them to visit our operations for first-hand knowledge of our business and to clarify issues, with no response. The company remains committed to the continual improvement of its sustainable forest management processes and practices within the laws under which it operates. However, it is not our policy to comment on the decision of investors.” On Tuesday, its Malaysian-based parent company,Wholesale Authentic NHL Jerseys, Sarawak-based Samling Global Ltd, was accused by NPF of repeatedly breaching regulations of its timber activities in Sarawak and Guyana, contributing to illegal logging and severe environmental damage. A company spokesperson said that Samling Global was dissappointed with NPF’s public characterisation of the group, which was inaccurate and not based on complete information. “Samling Global has invited NPF to visit our operations to gain first-hand knowledge of our business and to clarify issues, but to no response. However, we respect NPF’s decision and we do not wish to comment on the decision of investors,” the spokesperson told StarBiz. Samling Global, however, would remain committed to continual improvement in its sustainable forest management efforts. Linked to Sarawak timber tycoon Yaw Teck Seng, Samling Global is listed on the Hong Kong Stock Exchange. It is an integrated forest resource and wood products group with international operations in Malaysia,Cheap Jerseys, China, New Zealand, Australia and Guyana. Its timber concession in Guyana is about 1.6 million hectares (ha) and the concession in Malaysia is estimated at 1.3 million ha. On Monday, NPF, which is Norway’s state pension fund and also one of the world’s largest sovereign wealth funds, announced that it had excluded two Israeli companies on unethical activities and Samling Global on ethical grounds. The assessment by Norway’s Council on Ethics on Samling Global concluded that the group’s forest operations in Sarawak and Guyana had contributed to illegal logging and severe environmental damage. As at end of 2009, Norway’s state pension fund held 8.1 million kroner in stocks in Samling Global, which have now been sold. According to a source,Authentic China Jerseys, NPF’s stake in Samling Global was only 0.37%. Its total investment in Samling Global as at Dec 31, 2009 was estimated to be worth about US$1.3mil prior to the divestment. “While the investment fraternity may consider the exit of NPF from Samling as no big deal given its insignificant stake, however, NPF accusations on Samling Global can to a certain extent affect the stock in the long term,” said the source. “It is unfair for NPF to label Samling Global as unethical given that the group has been involved in the timber business for the past 40 years and is also a strong advocate of sustainable forest development and management.” An analyst with a local bank-backed brokerage said he was not surprised by NPF’s decision to exit from investing in “controversial” companies related to large-scale human rights violations, corruption, the tobacco industry or environmental pollution. NPF is a shareholder in almost 7,900 companies worldwide. The pension fund frequently excludes companies from its investment portfolio according to the criteria laid out in its ethical guidelines. Some of the companies that have been excluded include Walmart, Singapore Technologies Engineering, Boeing, Britain’s BAE Systems, Rio Tinto, tobacco,China Jerseys NFL, weapon manufacturing, nuclear weapons manufacturing and mining companies. On Tuesday,Cheap Jerseys From China, Minister of Agriculture, Robert Persaud, said Guyana will be lodging formal representations with the Norwegian Government as it relates to a Reuters article that painted Barama operations in Guyana in a bad light. Persaud said that he was a little surprised at the statement given that the information was made available by that country’s finance ministry and it is known to them what Guyana’s forestry practices are. He said that the reports will not affect the monies that Guyana is scheduled to receive from Norway under the Memorandum of Und


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Following the torching of the safe at the Grove Post Office on Sunday night, and the unsuccessful attempt on two others, the police are yet to question anyone in relation to the incident.At this time also, the management of the Guyana Post Office Corporation (GPOC) is not sure if the attack was an ‘inside job.’Chairman of the GPOC, Bishop Juan Edghill, told Kaieteur News yesterday that although the police have not taken anyone into custody; it is too early for the board to make a definitive position on the matter.Bishop Edghill explained that the corporation is fully cooperating with the police force, while its own security service is doing separate investigations.Meanwhile, as it relates to the ongoing issue between the GPOC and the 19 postmasters, Bishop Edghill said that the union has not contacted them as yet,China NFL Jerseys, and as far as he is aware that no industrial action has been taken by the workers as yet.However, yesterday staff at the GPOC office in Robb Street received a fire scare around 11:15 hrs.A press statement from the GPOC yesterday stated that an unusually strong scent akin to that of carbon or burning tyres was experienced by those present at various sections of the Guyana Post Office Corporation building on Robb Street Georgetown.As a precautionary measure staff,Cheap China Jerseys Authentic, officials from other departments, tenants and customers were asked to evacuate the building. The Fire department was summoned and arrived at 11:35hrs to conduct an inspection of the building space that was left open.According to the GPOC, nothing out of the ordinary was reported and the ‘green light’ was given for persons to return to the building.“The safety of staff and customers is always of paramount importance to the Corporation and it continues to do all in its power to ensure that all necessary measures are in place to ensure the safety of persons using the building,” the statement noted. All of these events have occurred at a time as investigations continue into a $1 million fraud in which 19 postmasters and a number of staff members of the Finance Department at the Guyana Post Office Corporation (GPOC) are implicated.And as if that was not enough, it was revealed at a press conference on Monday by Bishop Edghill that several other cases of fraud have also been discovered.The GPOC Chairman pointed out that the bulk of the fraud was discovered at the Grove Post Office.According to Bishop Edghill,Wholesale NFL Jerseys China, the postmaster at the Mahdia Post office and not Grove Post Office as was previously reported by this newspaper was found to be short of over $900,000.He is currently under investigation,NFL Cheap Jerseys China, and his family has commenced repaying the money. The postmaster at the Mabaruma Post Office was reportedly found with more than $1 million short.According to Edghill, this postmaster prepared a transaction that was fraudulent. When this was discovered, the postmaster located the money and destroyed the documents to cover his tracks. In this regard,cheap jerseys paypal, the GPOC Chairman said that his services have since been terminated.At Port Kaituma as well, the postmaster was found to be more than $1 million in the red. Meanwhile, the dishonesty continues to unfold within the corporation as it was found that postmasters were paying NIS November vouchers ahead of time.It was even found that the postmasters pay vouchers for persons that are dead.


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Aquatic growth is one of the causes for the blockage of the free flow of water in canals and alleyways, says Mayor Hamilton Green.In these canals, the dumping of “rice and dead animals” causes a rich build up in the silt that entices the overgrowth of excess vegetation,Wholesale Jerseys Online, he added.This phenomenon of aquatic growth has “increased in 20 odd years,Cheap Jerseys Store,” according to Mayor Green.? He also recalled that many people once fished in outfall channels and this helped to keep the channels free from the excessive build up of silt because of constant activities of fishermen in these waterways.But,Cheap NFL Jerseys, this is no longer the case. Many fishermen are going out into the “deep sea” to find their catch.The “misuses of canals” by citizens have caused increased silt.Silt , Styrofoam and plastics are major causes for floods during bouts of heavy rains.When asked about the uses of weed killers to curb this problem, the Mayor said that it was proposed but is “very expensive.”He also mentioned that they somehow do not work on the city as good as they do on the estates.When asked how this is the case,Wholesale Jerseys Free Shipping, Mayor Green said that it may due to the fact that the estates have vegetations different from that found in the city.The different types of vegetation that grow among crops may be of a different species from those that grow in the canals and alleyways.Mayor Hamilton Green said that the social habits of people have changed” over time thus, some people are not as conscientious about the importance of maintaining their environment.With Styrofoam,Authentic Jerseys Cheap, plastics and other refuse dumped into canals, there is no outlet for the free flow of water.The water becomes stagnant and excess silt is deposited in these conduits.