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Finance Minister announces slight decrease in fuel prices

Government’s announcement of a reduction in fuel prices  from Monday, February 1 will now see consumers paying less than GYD$90 dollars off of a gallon of gasoline at the pumps of the state-owned Guyana Oil Company (GuyOil). In his 2016 National Budget presentation on Friday, Finance Minister,Winston Jordan  also announced that the price of diesel will be reduced by less ...

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Updated: Some license fees to increase – Finance Minister

Even as government increased the Income Tax threshold from GYD$50,000 to GYD$55,000, it announced that a range of fees would increased. In relation to public sector wages and salaries, Finance Minister Winston Jordan  did not announce a specific increase in wages and salaries because that would be subjected to negotiations with the trade unions. They include gun licenses. No specific ...

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Guyana among Caricom countries considering reducing reliance on T&T’s Petrotrin for oil supplies

Guyana is currently contemplating joining a list of other Caribbean countries in search of another fuel supplier in order to reduce reliance on Trinidad and Tobago, now that Venezuela’s PetroCaribe has dried up as a fuel sources. Speaking at the induction of the Board of the Guyana Energy Agency (GEA) on Thursday, Minister of Public Infrastructure, David Patterson said he ...

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Drought affecting agri sector

The drought has begun battering Guyana’s agriculture sector, forcing authorities to begin pumping water into the drying up conservancies. Briefing a high-level multi-sectoral meeting on the El Nino situation, Agriculture Minister Noel Holder said efforts would be made to pump water to support agricultural areas but also explore ways in which water can be retained in a controlled manner for ...

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Republic Financial Holdings Limited Records US$48.2 Million Profit

The Trinidad-headquartered Republic Financial Holdings Limited (RFHL) has recorded a profit attributable to shareholders of US$48.2 million, for the quarter ending December 31, 2015, the company said in a statement. This represents an increase of 3.1% over the corresponding period in 2014. Total assets of RFHL stood at US$10.3 billion at December 31, 2015, which, when compared with that of December ...

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Winston Brassington quits NICIL

Winston Brassington has given up his job as Head of the National Industrial and Commercial Investments Limited (NICIL), according to a Finance Ministry spokeswoman. She said Brassington’s contract expired on December 31, 2015 and he formally indicated that he would not be renewing it. That disclosure came hours after Demerara Waves Online News first reported that as of 20th January, ...

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Bank of Baroda robbers remanded to prison

 Three men were Wednesday arraigned for a GYD$2 million robbery committed on the Bank of Baroda’s Mon Repos branch, East Coast Demerara. They are 34-year old Sean Anthony ‘Rattie” Aaron of ‎ ‎317 North East La Penitence, 28-year-old Kennard Jabbar of 88 Freeman Street, and graphic artist 39-year old Eon Campbell.  They were not required to plea to the indictable charge ...

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Budget 2016: Jagdeo wants “huge” salary increases for public servants

Opposition Leader Bharrat Jagdeo has huge expectations of the APNU+AFC administration relative to the 2016 Budget slated for presentation on Friday January 29. Jagdeo at a press conference on Wednesday read out some of his expectations on what he hopes to see as part of the 2016 Budget. Those include salary increases and tax reductions. He said that there should ...

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