Business

The 14 percent Value Added Tax (VAT) on all education services has been scrapped, Finance Minister Winston Jordan announced. He said, in the 2018 Budget Speech, that the decision was taken “in view of the representations” made to have the tax removed. Jordan said government would lose GY$342 million now that the tax has been abolished. At the same time, ...

The Guyana Revenue Authority (GRA) will next year be establishing more outposts to collect more taxes on smuggled fuel, Finance Minister Winston Jordan announced Monday. He said during 2017, an outpost was established at Morawhanna, North West District, resulting in “reduced revenue leakage due to fuel smuggling”. Jordan said during 2018, two more outposts would be established at Mabaruma and ...

Finance Minister, Winston Jordan on Monday signaled that rates and taxes in towns and villages countrywide will possibly increase next year so that councils can get sufficient cash to deliver quality services. He made the announcement in his 2018 National Budget speech, saying that the holding of Local Government Elections periodically was not sufficient. He noted that “outdated land values ...

Sugar production by the ailing state-owned Guyana Sugar Corporation is expected to further decline this year, partly due to ongoing industrial unrest, Finance Minister, Winston Jordan announced. Delivering the 2018 National Budget under the theme “The Journey To the Good Life Continues”, he said production of the sweetener is expected to fall to 152,000 tons, a 17.2 percent decline over ...

Five persons, including several children, were Sunday morning left homeless after a fire widely believed to be of electrical origin destroyed a two-flat house at 31 Gap Road, La Jalousie, West Coast Demerara. The house was owned by Parvati ‘Daro’ Bhagi. Neighbours laid the blame squarely at the feet of the Guyana Power and Light Company (GPL), saying that technicians ...

A taxi driver was shot by carjackers after he was lured by two women to Mocha Road, D’urban Backlands to pick up a man who committed the crimes. Sustaining a gunshot wound to his upper right thigh is 46-year old Phillip King. Police were up to late Saturday night still searching for his silver grey Premio bearing licence number HC ...

A Rose Hall Town businessman was shot and injured by bandits who masked themselves with motorcyclist helmets, sources said. He is 47-year old Bobby Prasad, owner of Bobby’s Boutique. The two perpetrators arrived on a black motorcycle at about 1 PM and ordered the staff to lie on the floor. Two shots were fired in the direction of Prasad who ...

Several Chinese companies on Tuesday dominated the contest to be selected as the top three to be invited to build the US$170 million bridge across the Demerara River. Minister of Public Infrastructure, David Patterson told Demerara Waves Online News that the 11 submissions would be “rated and assessed and the top ones will be asked to submit formal bids”. He ...

Even as the State Assets Recovery Agency (SARA) is working to recover stolen assets, which is estimated to be valued at more than US$400M, the organisation Monday morning opened a Law Enforcement Training Series on Assets Recovery and Financial Investigations. More than 70 persons are participating in the 18-day workshop being conducted in collaboration with the Caribbean Institute of Forensic ...

Attorney General and Minister of Legal Affairs, Basil Williams on Thursday slammed the Caribbean Court of Justice- Guyana’s final appeal court- for striking out a request by the State to hear an appeal although the stipulated deadline had passed. CCJ President, Justice Dennis Byron has dismissed the request to hear an appeal against the Trinidad-based company, DIPCON Engineering, and has ...