Business

Commissioner-General of the Guyana Revenue Authority (GRA), Godfrey Statia warned Guyanese businessmen against offshore tax evasion, saying that global systems are being increasingly networked to weed out tax cheats and report them to their home-countries. Addressing a luncheon organised by the Guyana Manufacturing and Services Association (GMSA) at the Georgetown Club, he said Guyana could access tax information in keeping ...

by Zena Henry An audit of operational procedures of the Guyana Elections Commission (GECOM) by the Auditor General’s (AG) Office has exposed a number of missteps in the agency’s procurement process leading up to the 21015 General and Regional Elections but officials have hit back this week, saying they were operating in unusual circumstances given the fact that Parliament was ...

Approximately 7,500 tonnes of white rice is being exported to Cuba, following an announcement made by the Guyana Rice Development Board (GRDB) of possible exports to that Caribbean country. Government’s Department of Public Information reported that on Monday, September 25, 2017 the rice was loaded on a vessel docked at Muneshwer’s Wharf in Georgetown. General Manager (ag) of the GRDB, ...

All companies that have formally expressed an interest in buying parts of the Guyana Sugar Corporation’s (Guysuco) operations will now have to resubmit their proposals to the holding company for government’s assets, the National Industrial and Commercial Investments Limited (NICIL), top officials said. NCIL’s Chief Executive Officer, Horace James said “there is nothing like first-jump” and all the companies would ...

A British C-130 aircraft will not be available to transport tonnes of Guyana’s relief supplies to Antigua for distribution to several Caribbean islands that have been battered by several hurricanes in less than one month, even as Guyana’s private sector continued to provide more aid. Announcement that the C-130 plane would not be available was announced by Director-General of the ...

UNAIDS has announced a breakthrough pricing agreement to make the first affordable single-pill HIV treatment regimen available to public sector purchasers in low and middle-income countries (LMICs). The “lifetime announcement” will be made available to 92 countries in an accelerated treatment rollout as part of efforts to reach the 36.7M persons living with HIV across the globe. “Those people will ...

Guyanese  are expected to receive more accurate, timely weather reports from the Hydro-meteorological Services Department of the Ministry of Agriculture as it has now been boosted with 21 Automatic Weather Stations (AWSs) to enhance its existing framework. These weather stations, together with site preparation and installation costs totaling US$257,000 were donated under the United States Agency for International Development (USAID) ...

The Ministry of Public Infrastructure late Thursday night said it was forced to sole-source a Dutch consultancy company to conduct a feasibility study for the new Demerara River crossing after only one valid bid was submitted but exceeded the US$800,000 budget and concerns were raised about its technical level. Reacting to a request by Opposition Chief Whip, Gail Teixeira for ...

The Central Housing and Planning Authority (CH&PA) has been instructed to purchase land from the state-owned Guyana Sugar Corporation (Guysuco) to bail out that cash-strapped entity, government announced Thursday. Minister of State, Joseph Harmon said Junior Finance Minister, Jaipaul Sharma was advised to proceed with the deal that would see Guysuco getting GYD$2B in exchange for a portion of land. ...

The Guyana Telephone and Telegraph Company (GTT) Thursday said another person was arrested for theft of its cable, this time at a scrap-metal dealer in Albouystown, Georgetown. The telecommunications company said GTT Security and law enforcement officers to Pasha’s Scrap Yard in Albouystown where a purchaser of stolen GTT cable was apprehended around 11:30 Wednesday night( September 22,2017. Only last ...