Business

The Guyana Telephone and Telegraph (GT&T) on Tuesday said it was ready to end its contractual monopoly on international voice and data, a move it hoped would end the discriminatory corporate tax law that sees it paying 45 percent and competitors 17.5 percent less. “What liberalisation will do, in my belief, is level the playing field where we all either ...

Minibus fares on all routes are to be increased by GY$20 from September 1, 2018, even as the Ministry of Business and  the United Minibus Union (UMU) agreed to hammer out a code of conduct for operators, government and the union said in a statement. “The two parties urge both operators and consumers to adhere to the new fare structure ...

A motion at the People’s National Congress Reform’s Congress to rename the Cheddi Jagan International Airport to also honour that party’s founder-leader, Forbes Burnham, and Amerindians has been referred to a special committee, party sources said. The party official explained that the decision to dispatch it to party committee was because of the implications and the need to seek technical ...

People’s National Congress Reform (PNCR) delegates at their biennial delegates congress were Saturday expected to consider a motion to ask government to pass a law to manage the public transportation system because of the “high risk” and “discrimination” facing commuters. If approved, the motion will mandate the PNCR to ask the coalition government to pass legislation before year-end and that ...

The Guyana Police Force’s Special Organised Crime Unit (SOCU) is considering the opposition People’s Progressive Party’s (PPP’s) request for a probe into Cabinet’s award of a contract to a Netherlands-headquartered company to conduct a feasibility study for a new Demerara Harbour Bridge. “The matter is now engaging the attention of the Guyana Police Force,” Head of SOCU, Special Assistant Police ...

Minister of Public Telecommunications, Cathy Hughes wants more public conversations about how the potential benefits of the expected massive oil earnings can be used to benefit ordinary Guyanese and says she has already raised the matter at Cabinet. In reiterating her support for poor Guyanese to receive conditional direct cash transfers from the oil revenues that are expected to begin ...

After more than six months on the market, the local rice cereal ‘Morning Glory’ has recorded sales ranging from $30Million to $35Million. On Wednesday, ANSA McAL Trading Limited (AMTL) in collaboration with Guyana’s Institute of Applied Science and Technology (IAST) officially launched the cereal at the AMTL head office. In brief remarks, AMTL’s Food and Consumer Goods, Manager, Anjeta Hinds said ...

The natural gas deposit at Diamond is said to be significant and government has been asked to decide on whether the resource should be exploited commercially for the benefit of that East Bank Demerara area. Director-General of the Civil Defence Commission, Lt.Col. Kester Craig said a sample of the methane gas was sent overseas to determine the quantity and potential, which ...

The newly-established American Chamber of Commerce of Guyana (AmCham Guyana Inc.), which was officially launched Tuesday night, hopes to influence government policies and legislation, in among other areas, those linked to the oil and gas sector. United States (US) Ambassador, Perry Holloway hailed AmCham-Guyana’s “desire to move forward with relevance and speed” by setting three initial priorities- the Sovereign Wealth Fund ...

Despite a rebound in economic growth of 4.5% for the first half of the year, Guyana faces considerable economic and fiscal headwinds for 2018 that will mean restrictions in spending in the public sector. This comes even as there is an increasing amount of unrealistic discussions regarding the benefits of anticipated oil revenues which are not even expected for another ...