Business

More than 130 workers have been sent home as a result of the Germany-headquartered, Oldendorff Carriers Guyana Inc (OCGI) closure of its transshipment service in Guyana three months after the Russian Aluminium (RUSAL)-majority owned bauxite company shut down its operations. “Unfortunately, OCGI’s customer in Guyana has decided to suspend and mothball its operation in Guyana and thus not to extend ...

Reproduced from the Jamaica Gleaner Digicel Group chairman Denis O’Brien has put up the telecoms regional headquarters on the Kingston, Jamaica, waterfront as collateral under a debt deal with bondholders. The Digicel founder committed to putting up US$50 million – half in cash and the rest in the building – to sweeten the deal under which the telecoms is seeking ...

The Guyana Civil Aviation Authority (GCAA) says it will be probing reports that a number of domestic airlines have increased airfares to several interior locations, despite the fact that the 14 percent value added tax (VAT) has been scrapped so that local travel and planes can make up for fewer passengers with more cargo. “The GCAA condemns these actions by ...

Amid the need for persons to stay at home to reduce the spread of the Covid-19 coronavirus, the local Help and Shelter organization said it is anticipating an increase in domestic violence calls. To assist victims and reduce abuse, the Guyana Telephone and Telegraph Company (GTT) has collaborated with the charity to make its hotline numbers free of charge during ...

A Partnership for National Unity+Alliance For Change (APNU+AFC) has labelled the Private Sector Commission (PSC) a “stooge” of the People’s Progressive Party (PPP) for insisting that a national recount would be a waste of time. This simplistic posture of the PSC, not only abrogates the transparency they claim to seek, but has removed the veil of neutrality in which it ...

The Guyana Revenue Authority (GRA) on Tuesday announced a range of additional tax relief measures that will assist Guyanese as the country grapples with the fight against the COVID-19 pandemic. The tax relief, the entity stated, will support businesses and individuals who have been socially and economically disadvantaged by the threat of the virus. Among the relief measures are: Removal ...

The coronavirus, COVID-19, has taken a toll on Guyana’s tourism sector, resulting in a 46-percent decline in earnings and a 30-percent loss of jobs to date, according to the Guyana Tourism Authority (GTA). The authority, which is a semi-autonomous government agency, predicted that 50 percent of tourism businesses would have to close their doors permanently if they do not get ...

The Guyana Telephone and Telegraph Company (GTT) says it will be cutting salaries temporarily in an effort to ensure the country’s largest telecommunications company survives the “turbulent times during the COVID-19 pandemic.” “This unprecedented situation is already having a severe financial impact on the business and we are just at the beginning. In a bid to ensure continued service provision ...

Twenty-five mainly private sector organisations have petitioned the United States (US)-based Inter-American Commission on Human Rights (IACHR) to pressure Guyanese authorities to recount votes in last month’s general elections under international supervision. “In all these circumstances, we urge you, Executive Secretary, to bring this petition urgently to the attention of the Commission to consider the situation in Guyana and to ...

Opposition Leader, Bharrat Jagdeo has called for Guyanese to be provided with emergency food supplies, in the wake of the possible closure of markets and a general economic downturn stemming from the Covid-19 pandemic. “We believe that people should be given food. There are many vulnerable people, particularly if you move to shut down markets and other places… so that ...