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Fly Jamaica updates flight schedule following incident at Guyana airport

Customers of Fly Jamaica Airways Ltd. can now view the airline’s updated flight schedule for November 29th and 30th at www.fly-jamaica.com/updated-flight-schedule, in the wake of an incident Tuesday morning that resulted in its tail cone being ripped off. At approximately 07:20 hrs this morning at Cheddi Jagan International Airport (CJIA) in Guyana, Fly Jamaica Airways’ B767-300, which was parked at ...

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Likely breach of procedure caused aircraft mishap at Cheddi Jagan Int’l Airport

The incident that led to the damage of two aircraft owned by Caribbean Airlines and Fly Jamaica early Tuesday morning appeared to have been caused by an alleged breach of air-side directive at the Cheddi Jagan International Airport (CJIA), according to well-placed sources. Demerara Waves was reliably informed that the Airport Directive specifically states that “no large aircraft should taxi ...

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Private Sector, GAWU react sharply to 2017 National Budget

The Private Sector Commission (PSC) on Tuesday gave a mixed reaction to the 2017 National Budget, saying the reduced Corporation Tax will help stimulate production but adjustments to the Value Added Tax (VAT) amounted to a mockery. With consumers now being asked to pay a 14 percent VAT on water and electricity if their monthly bills are more than GYD$1,500 ...

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Gov’t announces $50M innovation fund for youth

Although the criteria has not yet been finalised, Finance Minister Winston Jordan announced during his 2017 budget speech that $50M will be placed into a Youth Innovation fund (YIF). “This fund will provide a financing platform to launch exceptionally innovative ideas,” Jordan said in the House, “harnessing the energetic and creative minds of our young people.” Jordan hopes the criteria ...

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Small Contractors to get one-off temporary NIS, GRA compliance certificates; new “trusted trader certificates” for importers

Small contractors will now be given Temporary National Insurance Scheme and Income Tax compliance certificates, removing a major stumbling block to them bidding for projects and programmes. “Mr. Speaker, currently bidders for contracts are required to have valid Income Tax and NIS compliance certificates. This has especially hampered small contractors from participating in the procurement process. While these requirements will ...

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GYD$9 billion for Guysuco ahead of “radical reorganising”

by Derwayne Wills Government has allocated $9B to assist the Guyana Sugar Corporation although more monies would be needed by the ailing public corporation. “The status quo of the sugar industry can neither be sustained nor maintained,” Finance Minister told the National Assembly during his budget speech. “As currently structured, the industry would require Government’s support to the tune of ...

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Income tax reduced for persons earning less than GYD$2 million per year; up for those earning above

Personal Income Tax has been reduced from 30 to 28 percent for persons earning less than GYD$180,000 per month and the Income Tax threshold has been increased to GD$60,000 or one-third of the gross salary, whichever is greater. Finance Minister, Winston Jordan said in the 2017 National Budget that an additional 7,600 persons would be taken off the tax register ...

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Updated: Environmental tax reintroduced; VAT to be paid on water, electricity; Old Age Pension increaesed

by Derwayne Wills  Guyanese will now have to pay Value Added Tax (VAT) on water and electricity consumption above a certain level, while the overall of Value Added Tax on businesses has been reduced to 14 percent on companies, Finance Minister Winston Jordan announced in the 2017 National Budget. In a move that has left many puzzled, Finance Minister Winston ...

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Guyana unveils solar energy plan; Mabaruma to get first solar farm

Guyana will next year construct the first solar farm as part of a larger plan to reduce the country’s fossil fuel bill and  prevent carbon emissions. “To complement public sector investment, the Government will be granting a one-off tax holiday of two years for corporation tax to importers of items for wind and solar energy investments, and for investors in ...

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