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Daily Archives: November 13, 2019

Granger announces increased salaries, allowances for public servants; GYD$70,000 salary for sweeper cleaners

President David Granger on Wednesday announced a “tax-free” increase in salaries and allowances for public servants, following a meeting with representatives of the Guyana Public Service Union (GPSU) and three top government ministers. In an address to the nation, Mr. Granger said the “tax-free” increases retroactive to January 1, 2019 will be: 8.5 percent for those earning between GYD$100,000 and ...

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Tullow shares fall most in 21 years on Guyana oil-quality concern

Reproduced from Bloomberg Tullow Oil Plc fell the most in two decades in London trading after saying it’s reassessing the commercial viability of discoveries in Guyana. The stock sank as much as 23% on the news that crude from two wells in the South American country was found to be heavy, with a high sulfur content. That’s disappointing to shareholders ...

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