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Georgetown Council presents $3.6B ‘Make Georgetown Green’ deficit budget

After months of deliberation among city officials, Council’s Finance Committee chair, Oscar Clarke, read out what was a deficit budget as the year’s $3.6Billion expenditure exceeds an expected revenue collection of $2.8Billion. This is not the first such deficit budget since sharp deficits were recorded for 2006, 2010, 2011, and 2015. This year’s budget will see a few measures implemented ...

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SOCU investigators search GRDB for evidence of financial crimes

Agents of the Guyana Police Force’s Special Organised Crime Unit (SOCU) on Friday searched the Guyana Rice Development Board’s offices for evidence in relation to the findings of a forensic audit. “It’s important to take action quickly to gather the documentation that is needed for evidence in cases of money laundering, tax evasion, theft so that’s exactly what we are ...

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AFC hopes oil revenue will help improve relations with APNU

The Alliance For Change (AFC) hopes that the generation of oil revenues and improved economic performance will help  ease tensions with A Partnership for National Unity (APNU) over demands for increased jobs and improved standard of living. AFC Chairman, Khemraj Ramjattan said the “very sound” relationship between his party and APNU has been unjustifiably criticized, but acknowledged that the need ...

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Government approves temporary re-start of scrap metal trade, existing stocks to be shipped abroad

Government has approved a temporary restart of the scrap metal trade, according to Cabinet Secretary and State Minister Joseph Harmon, who said cabinet recently approved the proposal made by the Business Minister last september. Harmon said there has been a process of bring onstream a new set of measures. “The process of putting together new regulations and guidelines by the ...

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Superbet calls for collaboration to go after armed bandits

The Suriname-based Suribet on Wednesday called on Guyanese authorities to craft a better strategy to combat heavily armed criminals, in the wake of two robberies in recent weeks that resulted in a loss of millions of dollars and mental scars to workers. General Manager of Suribet, Ashwien Surjbalsingh told reporters that his business has been robbed twice with AK-47 assault ...

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ExxonMobil briefs govt, opposition on production preparations

ExxonMobil and the Guyana government on Wednesday began high-level consultations with key ministers, opposition parliamentarians and Opposition Leader, Bharrat Jagdeo. Minister of Natural Resources, Raphael Trotman said Guyanese at all levels including those living in the United States, Canada and the Caribbean would be briefed. “It is important, as Guyanese and particularly as policy makers, that we know what the ...

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GRA explains VAT on paid parking

The Guyana Revenue Authority (GRA) on Tuesday announced that the Value Added Tax (VAT) on parking meter cards would be reduced to 14 percent from February 1, 2017 and that the tax would be deducted when parking time is purchased. “VAT is being charged by SCS upon the purchase of the prepaid parking cards at current VAT rates. The VAT ...

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Indigenous People’s Affairs Ministry helps GRA define hinterland residents to be exempt from VAT on airfares

In the wake of concerns by the National Air Transportation Association (NATA) about how domestic airlines would identify hinterland residents so that they could be exempt from the 14 percent Value Added Tax (VAT) on airfares, the Guyana Revenue Authority (GRA) said the Ministry of Indigenous People’s Affairs has assisted with a definition. The Value Added Tax Act 82:05 Schedule 2 ...

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Digicel celebrates 10th Anniversary with ‘10 Charities in 10 Days’ Initiative

Ahead of  Digicel’s 10th anniversary on February 14th , the phone company has kicked off this milestone by supporting the work of 10 special needs schools and orphanages. The international phone giant says its 10-day plan will see the delivery of much needed appliances, school supplies, school shoes, food hampers and other items. The St. John’s Boys Orphanage was the first ...

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First phase of Linden-Lethem road to be constructed

Construction for the first phase of the Linden-Lethem Road  is expected to commence without a hitch as the Ministry of Public Infrastructure and the UK Government work closely towards its success, government announced on Tuesday. The first phase of the project covers approximately 122.5 kilometers of road from Linden and the construction of a bridge across the Essequibo River at ...

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