Business

The Guyana Civil Aviation Authority (GCAA) on Thursday ordered an end to all domestic flights to areas near the border to help stop the spread of the coronavirus, COVID-19, from neighbouring countries to other parts of Guyana. Referring to Section 88 of the Civil Aviation Act 2018, the GCAA indicated that any individual who violates the directive will be fined ...

The Cheddi Jagan International Airport (CJIA) and the Eugene Correia International Airport (ECIA) will remain closed to international flights until May 1, 2020, in order to continue mitigating the spread of the COVID-19 coronavirus. “The closure of the airspace will greatly assist in minimizing the spread of COVID-19 by limiting international contacts,” the Guyana Civil Aviation Authority (GCAA) said. The ...

The municipal government of New Amsterdam on Sunday ordered an immediate total lockdown of businesses and religious services in that East Berbice town in order to ward off the deadly COVID-19 coronavirus. Residents are asked to be indoors by 7pm, the council said. The Council said, “failure to comply with the new guidelines, the Guyana Police Force will be informed, ...

Plummeting demand for oil as a result of the Coronavirus (COVID-19) pandemic and an oil price war are expected to see Guyana earning less than the US$300 million it had expected to rake in annually from the Liza Phase 1 project and force ExxonMobil to push back developing other oil reservoirs, an analyst said. ExxonMobil spokeswoman in Guyana, Janelle Persaud ...

A 6pm to 6am curfew will be imposed on all populated areas in Region 10 from Saturday, March 28 as part of efforts to curb the spread of the Coronavirus (COVID-19), the Linden Mayor and Town Council announced. Authorities warned that “citizens found on the street may be detained.” The Town Council says the regional curfew will be imposed on ...

The Guyana Revenue Authority (GRA) on Wednesday announced that it would not be renewing or issuing first-time drivers and conductor licences and motor vehicle registrations until April 30. The tax collection agency also announced that the payment of corporate and individual advance taxes and income taxes for businesses has been deferred until June 30. The GRA said measures to reduce ...

The Guyana Revenue Authority (GRA) has announced a waiver of value added tax (VAT) and duties on all medical supplies for testing, prevention and treatment of the coronavirus (COVID-19), that has so far claimed the life of one woman and afflicted four other persons. The tax collection agency says the waiver is not limited to soaps, disinfectant sprays, hand sanitizers, ...

Republic Bank (Guyana) Limited has started waiving late fees and other penalties on the repayment of credit card debts, loans and mortgages as well as allowing eligible customers to postpone loan repayments for the next six months, in keeping with a request by the Bank of Guyana to all commercial banks. “In response to the anticipated impact as a result ...

Fears over the deadly Coronavirus (COVID-19) have been taking a toll on Guyana’s business sector with as many of them having either closed or scaled back operations. Many Chinese-run businesses in Guyana which depend on all-week shopping by Cuban traders, have closed their doors, so too are several local businesses and fast food enterprises. It is estimated that each Cuban ...

Banks in Guyana will from Tuesday March 24, adjust their banking hours to customers as one measure to combat the spread of the coronavirus (Covid-19) in Guyana. A Bank of Guyana (BOG) spokeswoman told News Talk Radio Guyana that the Guyana Bankers Association came up with the initiative and sought the approval of BOG to which the central bank gave ...