Business

Plummeting demand for oil as a result of the Coronavirus (COVID-19) pandemic and an oil price war are expected to see Guyana earning less than the US$300 million it had expected to rake in annually from the Liza Phase 1 project and force ExxonMobil to push back developing other oil reservoirs, an analyst said. ExxonMobil spokeswoman in Guyana, Janelle Persaud ...

A 6pm to 6am curfew will be imposed on all populated areas in Region 10 from Saturday, March 28 as part of efforts to curb the spread of the Coronavirus (COVID-19), the Linden Mayor and Town Council announced. Authorities warned that “citizens found on the street may be detained.” The Town Council says the regional curfew will be imposed on ...

The Guyana Revenue Authority (GRA) on Wednesday announced that it would not be renewing or issuing first-time drivers and conductor licences and motor vehicle registrations until April 30. The tax collection agency also announced that the payment of corporate and individual advance taxes and income taxes for businesses has been deferred until June 30. The GRA said measures to reduce ...

The Guyana Revenue Authority (GRA) has announced a waiver of value added tax (VAT) and duties on all medical supplies for testing, prevention and treatment of the coronavirus (COVID-19), that has so far claimed the life of one woman and afflicted four other persons. The tax collection agency says the waiver is not limited to soaps, disinfectant sprays, hand sanitizers, ...

Republic Bank (Guyana) Limited has started waiving late fees and other penalties on the repayment of credit card debts, loans and mortgages as well as allowing eligible customers to postpone loan repayments for the next six months, in keeping with a request by the Bank of Guyana to all commercial banks. “In response to the anticipated impact as a result ...

Fears over the deadly Coronavirus (COVID-19) have been taking a toll on Guyana’s business sector with as many of them having either closed or scaled back operations. Many Chinese-run businesses in Guyana which depend on all-week shopping by Cuban traders, have closed their doors, so too are several local businesses and fast food enterprises. It is estimated that each Cuban ...

Banks in Guyana will from Tuesday March 24, adjust their banking hours to customers as one measure to combat the spread of the coronavirus (Covid-19) in Guyana. A Bank of Guyana (BOG) spokeswoman told News Talk Radio Guyana that the Guyana Bankers Association came up with the initiative and sought the approval of BOG to which the central bank gave ...

The Guyana Telephone and Telegraph Company (GTT) on Wednesday confirmed that after interactions with officials from the Ministry of Public Health (MoPH), the company has decided to make all Covid-19 hotline numbers toll free. “The decision to make the hotline numbers toll free came as part of the company’s strategic measure to help stop the spread of the Covid-19 epidemic ...

Vea a continuación el informe de noticias traducidas de Google Translate servicio. The more than 200 mostly Cuban shoppers, who are stranded in Guyana due to the closure of this country’s two international airports, are expected to leave on emergency flights being facilitated by Guyanese authorities, the Cuban Embassy said Thursday night. Cuban Ambassador to Guyana, Narciso Reinaldo Armador Soeorro ...

President David Granger has issued sweeping powers that may include the destruction of personal property, compulsory hospitalisation, and the spending of monies from the Consolidated Fund to fight the novel coronavirus (Covid-19). He said his directive remains in force until he withdraws it. Citing provisions in the Guyana Constitution to guarantee free public health care and the deprivation of people’s ...