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Business

Sluggish economy will slow PPP govt’s promised roll back of taxes- Jagdeo

by Samuel Sukhnandan Although promising to reverse over 200 tax measures with immediate effect upon assuming office, the new People’s Progressive Party (PPP) government said this cannot be implemented in full measure right now due to several budget constraints. Vice President Mr. Bharrat Jagdeo made that disclosure on Friday during a press conference, when he was asked by News Talk ...

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Govt not vacating Infectious Disease facility

Vice President Bharrat Jagdeo on  Friday said the owner of Ocean View International Hotel, which has been converted into an Infectious Disease Hospital, is unlikely to regain possession of his building in the immediate future. “I must say that he’ll have a long wait,”  said Mr. Jagdeo in reference to the owner of the seaside building at Liliendaal, Greater Georgetown. ...

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Millions in damage to public infrastructure due to accidents recorded

by Samuel Sukhnandan Government has recorded over GYD$22 million in damage to public infrastructure due to accidents with a large portion of that sum falling directly within the East Coast Demerara Public Road Widening Improvement Project. Technical Services Manager of the Ministry of Public Infrastructure Nigel Erskine told News Talk Radio 103.1 FM/Demerara Waves Online News Online that over $19 ...

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Shake-up in state media continues

The shake-up in the management of Guyana’s state media continues with the removal of persons who appeared connected to the People’s National Congress Reform (PNCR)-led coalition, the latest being at the National Communications Network (NCN) and the Guyana National Newspapers Limited (GGNL). Broadcaster and middle-level manager, Michella Abraham-Ali has been elevated to the post of acting Chief Executive Officer. She ...

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Guyana asks Canada for help to review Payara oil field project

Guyana has asked Canada for help in reviewing the Payara oil field project before government approves the development plan to allow for ExxonMobil to issue its Final Investment Decision (FID), President Irfaan Ali said Tuesday. “We are in the process of engaging an international expert to do that review on the work that has been done so far,” he said. ...

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NICIL will be asked to return closed sugar estates to GuySuCo -Agriculture Minister

The National Industrial and Commercial Investments Limited (NICIL), the holding company for government’s assets, will be asked to return the closed sugar estates to the state-owned Guyana Sugar Corporation (GuySuCo) which will be reopened after a review is done, Agriculture Minister Zulficar Mustapha said Tuesday. “In terms of the timeframe for reopening the closed sugar estates, first of all GuySuCo ...

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GRDB asked to provide info on Germany’s cocaine-in-rice bust

Minister of Agriculture Zulficar Mustapha on Tuesday said he has asked the Guyana Rice Development Board (GRDB) to provide details about 1.5 tons of cocaine that German authorities said were found stashed in a sacks of rice from Guyana. Mr. Mustapha expressed concern that the drug find would taint the image of rice, one of Guyana’s main exports. “I am ...

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Germany’s Cocaine-in-rice bust: Guyana’s anti-drug agency launches investigation

Deputy Head of Guyana’s Customs Anti-Narcotics Unit, Lesley Ramlall on Tuesday said local drug agents have launched a major investigation into Germany’s bust of 1.5 tons of cocaine  in a consignment of rice that German authorities said originated in Guyana. Mr. Ramlall said he has already asked the Guyana Revenue Authority (GRA) for records of all rice shipments to Europe ...

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Payara oil field for govt decision by month-end- Natural Resources Minister

The newly-elected Guyana government would be making a decision by month-end on the Payara oil field that could pave the way for ExxonMobil to issue its Final Investment Decision (FID) on moving to the production-development stage, Minister of Natural Resources Vickram Bharrat said. “We are hoping to resolve the Payara issue very soon…I would say by the ending of this ...

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Guyana, Suriname agree to time-bound- based cooperation for ordinary people

Guyana’s President Dr. Irfaan Ali and the President of Suriname on Sunday announced the agreed to set up an action-oriented mechanism to push infrastructural development and private sector-led  investments in both neighbouring South American countries. Mr. Santokhi said he and his Guyanese counterpart are confident and committed that “we can do it jointly” and “guide it personally” President Ali said ...

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