Business

Legal action is being planned  against the parking meters by several persons and groups to scrap the deal between City Hall and Smart City Solutions (SCS), even if government intervenes and lowers the rate, according to representatives of the Movement Against Parking Meters (MAPM). Attorney-at-Law, Nadia Sagar, who is part of MAPM, said she was aware of legal moves to ...

The Guyana Revenue Authority (GRA) has cleared the way for a number of hinterland airstrips to be exempted from applying the 14 per cent Value Added Tax (VAT). Domestic carriers can now apply to the GRA to effect the exemption for persons living in the identified areas. Commissioner General of the GRA, Godfrey Statia, during an outreach with miners in ...

The Alliance For Change (AFC) on Monday called on the Mayor and City Council to suspend the parking meter project amid mounting concerns by sections of Georgetown’s citizenry about the deal which, among other things, provide for a takeover of lands for paid parking and a possible hike in fees in keeping with inflation. “The metered parking fee, the garaged ...

An Indian company with international experience in the sugar industry is interested in investing in the low-producing Skeldon Sugar Factory with the aim of making it profitable in less than two years , an investment broker said Sunday. “From our conversation, we believe that within 18 months or less that Skeldon could be profitable,” Managing Director of Sunrise Holdings, Guyana-born ...

The Guyana Telephone and Telegraph Company’s (GTT) Chief Executive Officer, Justin Nedd hopes that long requested landline rates will be increased ahead of liberalization of the telecommunications sector. “One of the things that is extremely important to us is being able to work with the Public Utilities Commission to ensure that we get landline rates before liberalization,” he told the ...

Hundreds of Guyanese Friday morning protested against metered parking in Guyana’s capital, Georgetown, even as a much smaller pro-government group struggled to show any signs of real resistance. “This is not about politics. Go and record that thrash over there; that nonsense over there. How can he get on a bullhorn and say that about these people. This is business ...

After months of deliberation among city officials, Council’s Finance Committee chair, Oscar Clarke, read out what was a deficit budget as the year’s $3.6Billion expenditure exceeds an expected revenue collection of $2.8Billion. This is not the first such deficit budget since sharp deficits were recorded for 2006, 2010, 2011, and 2015. This year’s budget will see a few measures implemented ...

Agents of the Guyana Police Force’s Special Organised Crime Unit (SOCU) on Friday searched the Guyana Rice Development Board’s offices for evidence in relation to the findings of a forensic audit. “It’s important to take action quickly to gather the documentation that is needed for evidence in cases of money laundering, tax evasion, theft so that’s exactly what we are ...

The Alliance For Change (AFC) hopes that the generation of oil revenues and improved economic performance will help  ease tensions with A Partnership for National Unity (APNU) over demands for increased jobs and improved standard of living. AFC Chairman, Khemraj Ramjattan said the “very sound” relationship between his party and APNU has been unjustifiably criticized, but acknowledged that the need ...

Government has approved a temporary restart of the scrap metal trade, according to Cabinet Secretary and State Minister Joseph Harmon, who said cabinet recently approved the proposal made by the Business Minister last september. Harmon said there has been a process of bring onstream a new set of measures. “The process of putting together new regulations and guidelines by the ...