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Education budget reduced by $1B because of 14% VAT; cost of living will increase- MP Manickchand warns

“Shocking”, “unconscionable”, were the words used by Opposition MP Priya Manickchand to describe Budget 2017. “Brace yourself Guyana, these are the things that are going to come,” Manickchand said in her description of the 2017 budget. The MP Opposition told the National Assembly during her address on the budget that the budget has caused “distress and worry and fear in ...

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‘Poisonous’ budget will cause ‘sufferation’, ‘murderation’ to Guyanese- Opposition MP

The heated exchanges in budget 2017 debates have already started with Opposition MP Joseph Hamilton taking to the floor to denounce what he called a “poisonous” budget presented by Finance Minister Winston Jordan, which would cause “sufferation and murderation to Guyanese people.” “It is the first death announcement budget read on national television,” Hamilton said in his presentation noting that ...

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Japanese aid funds to be spent on clean energy street lights

Cabinet has agreed to cancel the remaining US$1.3 million allocated to National Hardware (Guyana) Limited, under the Japanese Non-Project Grant Aid (JNPGA) of  2013 and to instead spend them on clean energy street lights. The Ministry of the Presidency said the  procurement of renewable energy and energy efficient street lights on highways, in townships and Neighbourhood Democratic Councils (NDCs). These efforts ...

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US wants telecoms sector liberalised and contracts honoured

The United States (US) wants to see Guyana’s telecommunications sector liberalized while at the same time ensuring that contracts are not violated. Deputy Chief of Mission of the American Embassy in Guyana, Terry Steers-Gonzalez’s comments come against the background of impending negotiations between government here and the Guyana Telephone and Telegraph Company (GTT), a company that is 80-percent owned by ...

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Stop complaining about taxes and “get busy”- Natural Resources Minister

As Guyana’s government and opposition parliamentarians prepare to begin a week-long debate on Monday, Minister of Natural Resources Raphael Trotman has urged Guyanese to stop complaining about the budget and “get busy”. “So what are we to do, complain about the VAT on water and electricity and do nothing else, or complain and get busy preparing? The Government of Guyana ...

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IDB pumps US$9 million to boost Guyana’s diversification, exports, investments

Guyana will improve its public infrastructure and promote economic diversification and foreign trade with a US$9 million Inter-American Development Bank loan that will help strengthen the economy and stimulate exports and investments, the hemispheric financial institution said. “Exports diversification, as well as attaining competitiveness in new markets, require the adoption of adequate quality standards. With this goal in mind, the ...

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Withdraw “offensive” budget, collaborate with PPP to craft better package- Jagdeo

Opposition Leader Bharrat Jagdeo on Friday shifted blame from Finance Minister, Winston Jordan to President David Granger for an “offensive” budget and offered to meet with government to remove the bulk of taxes on the backs of Guyanese. “We are prepared, if such a process is initiated, we are willing to collaborate with the government to share our ideas to grow ...

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Guyana’s economy lacks clear direction- Private Sector Commission

Guyana’s umbrella business organisation, the Private Sector Commission, on Thursday said the 2017 National Budget appeared to have left the country directionless, with no clear position on government’s much touted green economy and mixed signals on the future of the ailing sugar industry. “We are still not very clear on the overall direction in which the country is heading. We ...

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Court challenge needed against GRA powers to pull from citizens’ bank accounts, block travel- Jagdeo

Opposition Leader, Bharrat Jagdeo on Thursday floated the likelihood of legal action if the Guyana Revenue Authority (GRA) is empowered to garnish persons’ bank accounts or block them from travelling if they owe taxes. “The two that are so fundamental that they warrant public challenges to them maybe in the courts,” Jagdeo told Demerara Waves Online today, are “the ability ...

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Guyana moves to reclaim “Demerara”

Guyana has begun taking steps to register the name, Demerara, as a Geographical Indicator (GI), even as several other countries continue to brand their sugar with that name. The announcement was made by Lead Legal Expert, Bernard O’Connor at the opening of a two-day workshop on “Enhancing market access and promoting certification for quality origin products in Guyana.” “Over the ...

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