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Daily Archives: January 29, 2016

Another oil company takes up drilling close to Exxon Mobil rig

Another oil company has been granted oil exploratory license from the Government of Guyana to conduct exploration in the Orinduik Block. This is according to Finance Minister Winston Jordan who made the announcement during his Budget 2016 Speech noting that oil is poised to become an important industry for Guyana. “A Petroleum Prospecting Licence and Production Sharing Agreement have been ...

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Budget 2016: Jordan announces increased subvention for NCN

In a surprise move on Thursday, Finance Minister Winston Jordan has announced that more money will be given as subvention to the National Communications Network (NCN). Jordan made the announcement while delivering his speech for Budget 2016, which was presented to the National Assembly. In 2015 NCN which fell under the remit of the Prime Minister in the new dispensation ...

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Updated: Some license fees to increase – Finance Minister

Even as government increased the Income Tax threshold from GYD$50,000 to GYD$55,000, it announced that a range of fees would increased. In relation to public sector wages and salaries, Finance Minister Winston Jordan  did not announce a specific increase in wages and salaries because that would be subjected to negotiations with the trade unions. They include gun licenses. No specific ...

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