Business

Director General, Ministry of the Presidency and Chief Executive Officer (CEO) of the National COVID-19 Task Force (NCTF) Permanent Secretariat, Mr. Joseph Harmon on Saturday said the Government is focused on implementing a multi-faceted approach to bring relief to citizens in the wake of emergency measures put in place to mitigate the COVID-19 pandemic. In an invited comment during a ...

Domestic aircraft owners, represented by two rival associations, on Tuesday railed against the adverse impact of COVID-19 measures, saying that their operational costs have gone up and a number of them have been f0rced to increase passenger fares. The Aircraft Owners Association of Guyana (AOAG) and the National Air Transportation Association (NATA), in separate statements, slammed the Director-General of the ...

A taxi driver is in custody as police are on the hunt for another suspect in a robbery at Bartica where an undisclosed sum of gold, cash and other items were stolen from a gold trading company. The robbery was committed at Emperor Mineral Trading, owned by Millburn Mahadoo, at Lot 43 Second Avenue, Bartica shortly after midday Wednesday. Police ...

Thirty-four companies on Tuesday submitted expressions of interest (EOIs) to sell Guyana’s oil exports over a period of 12 months. The EOIs were opened by the National Procurement and Tender Administration Board. Already, the Ministry of the Presidency’s Department of Energy has said the company that wins the bid to market Guyana’s crude will not enjoy an automatic right of ...

More than 130 workers have been sent home as a result of the Germany-headquartered, Oldendorff Carriers Guyana Inc (OCGI) closure of its transshipment service in Guyana three months after the Russian Aluminium (RUSAL)-majority owned bauxite company shut down its operations. “Unfortunately, OCGI’s customer in Guyana has decided to suspend and mothball its operation in Guyana and thus not to extend ...

Reproduced from the Jamaica Gleaner Digicel Group chairman Denis O’Brien has put up the telecoms regional headquarters on the Kingston, Jamaica, waterfront as collateral under a debt deal with bondholders. The Digicel founder committed to putting up US$50 million – half in cash and the rest in the building – to sweeten the deal under which the telecoms is seeking ...

The Guyana Civil Aviation Authority (GCAA) says it will be probing reports that a number of domestic airlines have increased airfares to several interior locations, despite the fact that the 14 percent value added tax (VAT) has been scrapped so that local travel and planes can make up for fewer passengers with more cargo. “The GCAA condemns these actions by ...

Amid the need for persons to stay at home to reduce the spread of the Covid-19 coronavirus, the local Help and Shelter organization said it is anticipating an increase in domestic violence calls. To assist victims and reduce abuse, the Guyana Telephone and Telegraph Company (GTT) has collaborated with the charity to make its hotline numbers free of charge during ...

A Partnership for National Unity+Alliance For Change (APNU+AFC) has labelled the Private Sector Commission (PSC) a “stooge” of the People’s Progressive Party (PPP) for insisting that a national recount would be a waste of time. This simplistic posture of the PSC, not only abrogates the transparency they claim to seek, but has removed the veil of neutrality in which it ...

The Guyana Revenue Authority (GRA) on Tuesday announced a range of additional tax relief measures that will assist Guyanese as the country grapples with the fight against the COVID-19 pandemic. The tax relief, the entity stated, will support businesses and individuals who have been socially and economically disadvantaged by the threat of the virus. Among the relief measures are: Removal ...