Business

A day after they allegedly stole a large quantity of raw gold at the Matthew’s Ridge airstrip, two of four suspects were arrested Tuesday morning with some of the precious yellow metal, guns and ammunition, the Guyana Police Force said. High-level police sources said a constable attached to the Tactical Services Unit was also arrested. The sources said the raw ...

The Change Guyana political party on Tuesday proposed a steep reduction or elimination of a range of taxes as a way of reducing poverty and stimulating private sector-led development. The party is promising to make the first GYD$100,000 of salaries free from income tax in 2020, in view of its calculation that a household cost of living is GYD$120,000 per ...

Finance Minister, Winston Jordan says government is employing at least 15,000 persons who really should be sent home so those remaining on the job can be paid better wages and salaries. “If you really want to downsize government, you are talking about another fifteen (thousand) to twenty thousand workers to really make that saving to pay those who will remain ...

President David Granger promises that the bulk of Guyana’s oil revenues will trickle down to ordinary people and some will be used to revive the country’s village economies and social programmes. “We will put the benefit, we will put the profit, we will put the better part of that petroleum revenue to ensure that your children will never be poor ...

A New York-bound Caribbean Airlines flight from Guyana diverted to The Bahamas Saturday night. The carrier on Sunday confirmed that flight BW 526, with 134 passengers and 7 crew on board, diverted to The Bahamas due to a mechanical issue with one of its engines. Caribbean Airlines says the aircraft has been withdrawn from service and all appropriate inspections and ...

The Board of the state-owned Guyana Power and Light (GPL) on Friday overturned a decision by the Chairman and Chief Executive Officer to send home two directors, sources said. Deputy Chief Executive Officer, Renford Homer and Director of Human Resources, Bal Persaud could be back on the job if the Chairman, Rawle Lucas and the Chief Executive Officer, Albert Gordon ...

The Ministry of Public Health’s Government Analyst-Food and Drugs Department (GA-FDD) and a businessman are set to take each other to court over GYD$40 million worth of food that authorities say are substandard. The businessman, Faizal Asif Iqbal Alli, has denied the allegations levelled against him. He is threatening to take the GA-FDD to court if perishable and other items ...

As Guyana forges ahead with its plan for a ‘green’ state, the Government, through the Office of Climate Change (OCC), has partnered with the United Nations Development Programme (UNDP) and the Global Environment Facility (GEF) to implement a project titled the “Mainstreaming Low Emissions Technologies to build Guyana’s Green Economy,” through US$1.7 million in financing from the GEF. The grant ...

Guyana’s preparations for the start of commercial oil production and lifting is moving apace and these include having a third party aboard the floating production, storage and offloading (FPSO) vessel overseeing the movement of oil, Head of the Ministry of the Presidency’s Department of Energy, Dr. Mark Bynoe said Wednesday. “It is the government’s desire to be pursuing a third-party ...

Leader of Change Guyana (CG), Robert Badal on Tuesday bluntly denied entering Guyana’s electoral race because he did not get 50 percent of concessions that he was “entitled to” from the government for the construction of the Pegasus Suites and Corporate Centre. “The plain answer is no… The answer is no. Let’s move on,” he said as he became impatient ...