Business

Sarah Fernandes a 14-year-old fourth form student of the North West Secondary School, Region One is the winner of the national level Caribbean Organisation for Tax Administrators (COTA) 5th Essay Competition 2017, the Guyana Revenue Authority (GRA) said Monday. Fernandes’ essay on the topic “If I were the head of my country’s Tax Administration, what would I do to increase ...

The Guyana Bank for Trade and Industry’s branch at Bartica was Sunday damaged as a result of a vehicular accident. Residents said a car and pick-up crashed and the care rammed the branch of that financial institution in the gold mining township. One of the drivers was up to about 2 PM Sunday receiving treatment at the Bartica Hospital. The ...

Former Permanent Secretary of the Ministry of Health, Leslie Cadogan, who was fired with immediate effect allegedly because of  lack of accountability of almost GYD$470 million dollars worth of drugs, is suing the State for wrongful dismissal and says he is owed GYD$18 million in salary and allowances. In court papers seen by Demerara Waves Online News, he denied Minister ...

Guyana Police Force investigators said they have arrested a man in connection with the robbery-murder of City businessman, Godfrey “Saga” Scipio Thursday afternoon as he and his fiancee were about to enter a hotel. The identity of the man was not released as police only said he was 26-years old. Scipio,58, of Lot ‘ZZ’ 22 D’urban Street, Wortmanville, Georgetown was shot ...

Guyana has secured US$1.5 million (GYD$300 million) to finance the development of the ‘Green’ State Development Strategy (GSDS), the Ministry of the Presidency said. This financing was approved by the Steering Committee of the Guyana REDD+Investment Fund following the submission of a detailed proposal and work plan. The financing also provides coverage for the development of the GSDS Coordination Desk. ...

Commercial banks are being urged to expand their financial investment vehicles into the rural and hinterland regions of Guyana in an effort to spur economic activity by widening access to capital for more businesses. This ties into the government’s push to to facilitate small and medium-size businesses as engines of growth and development. “Investment is the tool for economic expansion ...

The Guyana government on Wednesday officially stated for the first time since a feasibility study was conducted that it would not build a US$5 billion oil refinery, but said it would not oppose the private sector risking the investment. Addressing a panel discussion on energy at the Guyana Business Summit, Minister of Natural Resources, Raphael Trotman said government could not ...

The Guyana Power and Light Incorporated (GPL), in collaboration with Caribbean Electric Utility Service Corporation (CARILEC), has extended its assistance to the Caribbean territories affected by hurricane Irma. GPL’s Public Relations Officer, Shevion Sears said the power company has deployed a team of network technicians to Anguilla to assist with the rehabilitation of the electricity network that was destroyed by ...

President David Granger delivered the keynote address today at the opening of the two-day Guyana Business Summit, but not before the Private Service Commission (PSC) rolled out a laundry list of items which the business sector needed clarity on. PSC Chairman Eddie Boyer’s remarks, which were delivered by the PSC’s Deodat Indar, called on the president to clarify government’s approach ...

Guyana, as part of its strategy to transition towards a 100 percent renewable energy supply by 2025, has hired a company to design, supply and install a 400 kWp solar system for the community of Mabaruma in the North West District. The tender was awarded to meeco which will execute the project together with its local joint venture, oursun Guyana, As part ...