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Procurement Commissioners draw super salaries despite inactive Commission

Although the public procurement commissioners were appointed by President Granger and paid monthly super salaries since last October, the Commission remains inactive due to the lack of staff for its work. Once the commission comes into being, it will assume Cabinet’s responsibility of granting No Objections to multi-million and billion dollar contracts for public infrastructure work. Cabinet Secretary and State ...

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Foreign exchange rate control already fueling higher underground rates; shortage due to several reasons; rate control possibly illegal

Just days after the Bank of Guyana began controlling foreign exchange rates at Cambios and commercial banks for the first time since 1989, concerns are being raised about the legality of that move even as forex traders on the streets are offering more than the officially prescribed rates. Cambios  on Thursday displayed that they were buying United States (US) dollars ...

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New Building Society challenges parking meter bylaws

The New Building Society (NBS) is challenging the legality of the parking meter bylaws that have been approved by Minister of Communities (Local Government), Ronald Bulkan. NBS’ Chief Executive Officer, Anil Kishun said in an affidavit in support of motion that the parking meters has badly affected his financial institution’s customers and employees. “It has caused us great loss and ...

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Legal action against parking meters looms; citizens demand scrapping of deal, not reduction of fees

Legal action is being planned  against the parking meters by several persons and groups to scrap the deal between City Hall and Smart City Solutions (SCS), even if government intervenes and lowers the rate, according to representatives of the Movement Against Parking Meters (MAPM). Attorney-at-Law, Nadia Sagar, who is part of MAPM, said she was aware of legal moves to ...

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GRA approves VAT exemption to 60 hinterland airstrips

The Guyana Revenue Authority (GRA) has cleared the way for a number of hinterland airstrips to be exempted from applying the 14 per cent Value Added Tax (VAT). Domestic carriers can now apply to the GRA to effect the exemption for persons living in the identified areas. Commissioner General of the GRA, Godfrey Statia, during an outreach with miners in ...

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AFC wants parking meter contract suspended; fees maybe hiked in 2019; company can eventually buy lands for garaged parking

The Alliance For Change (AFC) on Monday called on the Mayor and City Council to suspend the parking meter project amid mounting concerns by sections of Georgetown’s citizenry about the deal which, among other things, provide for a takeover of lands for paid parking and a possible hike in fees in keeping with inflation. “The metered parking fee, the garaged ...

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Indian company wants to take over Skeldon Sugar Factory; Guyana yet to respond

An Indian company with international experience in the sugar industry is interested in investing in the low-producing Skeldon Sugar Factory with the aim of making it profitable in less than two years , an investment broker said Sunday. “From our conversation, we believe that within 18 months or less that Skeldon could be profitable,” Managing Director of Sunrise Holdings, Guyana-born ...

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GTT wants increased landline rates before liberalisation

The Guyana Telephone and Telegraph Company’s (GTT) Chief Executive Officer, Justin Nedd hopes that long requested landline rates will be increased ahead of liberalization of the telecommunications sector. “One of the things that is extremely important to us is being able to work with the Public Utilities Commission to ensure that we get landline rates before liberalization,” he told the ...

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Political tone at parking meter protest; private sector, Mayor disagree on impact of metered parking

Hundreds of Guyanese Friday morning protested against metered parking in Guyana’s capital, Georgetown, even as a much smaller pro-government group struggled to show any signs of real resistance. “This is not about politics. Go and record that thrash over there; that nonsense over there. How can he get on a bullhorn and say that about these people. This is business ...

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