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Business

US considers fee on money-transfers to Guyana, other countries to help fund Trump’s border wall

United States-based Guyanese could soon be asked to pay more to send their relatives and friends a ‘small piece’ or a ‘frek’ if a Bill is passed to impose a two percent tax on all remittances sent to Guyana and several other countries to help fund the construction of a US-Mexico border wall. Introduced to the House of Representatives on March 30, 2017, ...

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GTT says Internet outages likely during system upgrade

The Guyana Telephone and Telegraph Company (GTT) on Tuesday appealed to customers to be patient with Internet “outages” they may experience as the company takes high-tech steps to ensure a faster and reliable service by the third quarter of this year. The telecoms provider said the upgrade, being undertaken in partnership with General Datatech (GDT), is expected to be completed ...

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Financial consultant charged with three counts of fraud

A 57- year old Financial Consultant was Tuesday morning remanded after three fraud charges were laid against him. Clayton Alleyne of 179 South Bel Air stood before Chief Magistrate Ann McLennan and pleaded not guilty to the charges which alleged that between November 3 2016 and February 8 2017 he obtained from three persons large sums of money in exchange for a ...

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Hundreds of stranded Cubans begin leaving Guyana; EasySky airline’s resumption on hold pending review

Hundreds of Cuban passengers, who were stranded in Guyana for several days now, on Tuesday began leaving the country after the Honduras-based Easy Sky airline was granted temporary permission to fly here, Director General of the Civil Aviation Authority (GCAA), Retired Col. Egbert Field said. “They began to correct some of their safety deficiencies and these are the short-term corrections ...

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Govt encouraged to look to overseas-based Guyanese to upgrade interior airstrips

President of the Florida headquartered Guyanese American Chamber of Commerce Wesley Kirton has suggested that the Guyana government looks to the Diaspora for investment in upgrading airstrips in the country’s hinterland. He threw out the suggestion while chairing the first Annual General Meeting of the National Air Transport Association of Guyana held on April 19 here. Kirton said that public private ...

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Gold Board General Manager, others sent on administrative leave to facilitate money laundering probe

The General Manager of the Guyana Gold Board, Lisaveta Ramotar was Thursday sent on administrative leave to pave the way for a police probe into alleged money laundering. Several other staff members have been also sent home temporarily. Ramotar, who is the daughter of former President, Donald Ramotar, was told to proceed on leave “immediately” in a letter signed by Minister ...

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Govt taking steps to reverse economic slowdown

Minister of State, Joseph Harmon said that the government is taking every step to ensure that economic activities are revitalised, and that money continues to flow into the economy. The Minister was at the time addressing the media at a post-Cabinet press briefing at the Ministry of the Presidency today, on how the government is moving to treat with the ...

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Digicel denies GT&T’s allegations of illegal bypass, tax evasion

Digicel’s Guyana operations on Thursday denied claims by the Guyana Telephone and Telegraph Company (GTT) that it has evaded taxes through what its competitor called an illegal bypass. “Digicel notes with great disappointment GT&T’s most recent statements to the press in which it repeated untrue allegations and more specifically claimed that Digicel has denied the Government of Guyana payment of ...

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GuySuCo’s future for debate in National Assembly

by Gary Eleazar Guyana’s sugar industry is not being closed down but based on the financial and technical evidence to Cabinet regarding the state of the Guyana Sugar Corporation (GuySuCo), tough decisions will have to be made in the near future. This is according to Minister of State Joseph Harmon who today (April 20, 2017) reported that Minister of Agriculture, ...

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