Last Updated on Monday, 10 August 2015, 20:37 by GxMedia by Zena Henry Minister of Finance Winston Jordan has stated that government upon assuming office inherited a “broken” tax system an must first fix it before they can implement Value Added Tax (VAT) reduction, but he has increased the list of zero-rated items that would cost the treasury GUY$680 million. ...

Last Updated on Monday, 10 August 2015, 20:33 by GxMedia The government has made good on its salary increase promise, boasting that it has upped public servant pay more than initially proposed. According to Minister Jordan during his 2015 budget speech, public servants increases had risen from 6.0 percent to 26.4 percent. He announced that as part of the “moderate ...

Last Updated on Monday, 10 August 2015, 20:05 by GxMedia Proceeding with the construction of the almost US$1 billion Amaila Falls Hydropower Station would be “downright criminal” because of the financial burden on the Guyana Power and Light (GPL) and the Treasury, Finance Minister Winston Jordan said. He said in his 2015 National Budget presentation said under the current financial ...

Last Updated on Monday, 10 August 2015, 19:28 by GxMedia by Zena Henry The Guyana government has decided to allocate an additional GUY$8.2 billion to bail out the sickened Guyana Sugar Corporation for the remainder of the year, Finance Minister Winston Jordan announced. Delivering the 2015 National Budget to the National Assembly, he noted that government has already disbursed GUY$3.8 ...

Last Updated on Monday, 10 August 2015, 18:59 by GxMedia Guyana’s economy registered a 3.8 percent economic growth, down from an original projection of 5.6 percent and subsequent revised target of 4.5 percent. Finance Minister, Winston Jordan, in delivering the 2015 National Budget speech, attributed the slippage largely to the “rapidly declining political climate.” He said inflation during 2014 was ...

Last Updated on Monday, 10 August 2015, 17:33 by GxMedia by Zena Henry Minister of Agriculture, Noel Holder on Monday remained hospitalized due to heart and lung problems, according to well-placed sources. Prime Minister Moses Nagamootoo could not say the nature of Holder’s illness but confirmed that he was hospitalized on Sunday. Sources said that almost one week ago, the ...

Last Updated on Monday, 10 August 2015, 15:50 by GxMedia by Zena Henry Even as the country’s budget is expected to be presented to the nation today, the People’s Progressive Party (PPP)  was much clearer that embattled Dr. Jennifer Westford is still among  its list of parliamentarians, but remained tight-lipped about when its parliamentarians would take up their 32 seats in ...

Last Updated on Monday, 10 August 2015, 15:26 by GxMedia A building contractor was early Monday morning found dead in a trench on the Corentyne, police said. He has been identified as 51-year old Ramdas Soman of Yakusari South Zone, Black Bush Polder, Corentyne. He also resides overseas. The body of Ramdas Soman was found at about 0635h. today Monday ...

Last Updated on Monday, 10 August 2015, 15:17 by GxMedia As Finance Minister Winston Jordan prepares to present Guyana’s budget in the National Assembly on Monday, August 10, a non-governmental organisation wants government to plough money into agriculture and the development of Black businesses. “I think if the government were to do that as a first step we can begin ...

Last Updated on Monday, 10 August 2015, 12:55 by GxMedia Prominent executive member of the Alliance For Change (AFC), Dr. Veerasammy Ramayya has quit the party over the failure of the party to find lucrative jobs for hardworking campaigners, but party leader Khemraj Ramjattan on Monday ruled out “jobs for the boys.” “It is about serving the people rather than ...