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Caribbean Court orders Guyana to refund Trinidad beverage company millions in “unlawful” environmental tax

The Caribbean Court of Justice (CCJ) on Tuesday ordered Guyana to refund the Trinidad-based beverage company, SM Jaleel and its subsidiary in Guyana,  a yet to be agreed large amount of Environmental Tax levied between 2011 and 2015 in violation of Caricom’s trade rules. “The Court holds that Guyana has been clearly unjustly enriched at the expense of SMJ and ...

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Multi-million dollar contract awarded for solar energy system at State House

A GYD$14 million contract has been awarded to the German-based meeco Group, along with its Guyanese joint venture company, for the supply and installation of a solar photo voltaic (PV) system at State House. The procurement of the contract was done by the Guyana Energy Agency (GEA) and the local joint venture company is oursun Guyana. “Our joint venture company oursun Guyana ...

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Finance Minister scolds Bank of Guyana over poor monitoring

Finance Minister, Winston Jordan has scolded the top brass of the Bank of Guyana for its lax monitoring and oversight of the country’s foreign exchange market and anti-money laundering regime. Jordan last week made his views known to the Central Bank’s board of directors against the background of the recent alleged GYD$900 million fraud by a gold dealer and miner against ...

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Govt. purchases billions in drugs without public tender

The Guyana Government this past year spent close to GYD$2 billion under questionable circumstances, including without a public tender or on an emergency basis. The revelation was made today (May 8, 2017) in the National Assembly when Government Ministers supplied responses to a slew of questions posed by Peoples Progressive Party Civic Member of Parliament, Bishop Juan Edgehill. With regards ...

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Govt. announces plans to formally scale back annual sugar production

The Guyana Government has decided to reduce the amounts of sugar it produces on an annual basis, retain only three factories and take over health  and drainage and irrigation services offered by the Guyana Sugar Corporation (GuySuCo)- all aimed at producing a targeted 147,000 tonnes of the sweetener annually at a profitable price. The announcement was made today (May 8, 2017) ...

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Govt willing to offer concessions for value-added production; Linden farmers failed to take advantage of EU-funded project

Finance Minister, Winston Jordan on Sunday said government would be prepared to offer concessions and tax holidays to private sector investors in value-added agricultural production, even as his ministerial colleague lamented that Lindeners have failed to take advantage of multi-million dollar opportunities to improve their livelihoods through the Linden Economic Advancement Programme (LEAP). “Government doesn’t want to get into economic ...

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Imported liquor, cigarettes to be stamped- Finance Minister

Finance Minister, Winston Jordan on Sunday announced that alcohol and cigarette imports would be stamped, as government moves to stamp out smuggling and rake in more taxes to help bridge a GUD$38 billion deficit. Addressing a community outreach meeting at Amelia’s Ward, Linden, he said “this year we are going to start a stamping programme where we are going to ...

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Oil and so much more- Attracting investment for Guyana

By Debbie Ransome “We really are passionate about the environment.” Not the words you’d immediately expect in a speech to investors from the leader of a soon-to-be-oil-rich state. But that was the pitch from Guyana’s President David Granger and his delegation during a visit to London in early spring 2017. Their mission was to promote their country against the backdrop ...

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GPHC now out of Aspirins … Parliament team, GPHC staff clash over drug bond

The Parliamentary Committee on Social Services today (May 3, 2017) found themselves at loggerheads with the Chairperson of the Board of Directors of the Georgetown Public Hospital Corporation (GPHC), Kesaundra Alves, who refused to allow the members of the team from the Peoples Progressive Party (PPP) into the institution’s drug bond for a site visit. Chairperson of the Parliamentary Committee, ...

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