Business

The takeover of manganese operations  in north-western Guyana by the Chinese company, BOSAI Minerals, will see the creation of at least 400 permanent jobs and the improvement of a wharf and roads at Port Kaituma during the lifespan of the mine, the Ministry of Natural Resources said in a statement. “Bosai expects that employment numbers can reach as high as ...

Industrial unrest by teachers in Georgetown was Friday averted after Smart City Solutions (SCS) and the Mayor and City Council decided to discontinue paid parking outside schools. “Vehicle parking spaces immediately in front of the public schools will not be regulated for the purpose of metered parking by Smart City Solutions,” according to a joint statement by SCS, City Hall ...

Prime Minister Moses Nagamootoo says his son-in-law is helping to find potential investors in the financially crippled state-owned Guyana Sugar Corporation (Guysuco) but he scoffed at suggestions of political favouritism. Although a Guyana government statement days ago named Guyana-born American Tony Joseph, Director of Sunrise Investing LLC, as one of three investors who were expected to meet with him after touring ...

Local and imported bottled water and beverages are likely to cost more from February 1, 2017 when the Guyana Revenue Authority (GRA) begins imposing a GYD$10 per bottle environmental on non-returnable containers. “The levy which accords with amendments to Section 7A(1) of the Customs Act Ch 82:01 will be applicable to non-returnable units imported, locally manufactured or produced in Guyana,” the ...

Demerara Waves Report (C) 2017 ExxonMobil will eventually scale back hiring exploration support from Trinidad-based companies and will instead turn to a shore-base operation in Guyana for production operations, even as it eyes exploring two other potential oil reservoirs, Country Manager, Jeff Simon announced. He said the company was evaluating its latest oil find at Payara, and considering exploration at two other locations- ...

Banks DIH Limited’s High Court action to claim GYD$28.4 billion in purported mistakenly paid consumption taxes and interest was Wednesday knocked down by Attorney General, Basil Williams on the grounds that time has long passed for the company to take action against the Guyana Revenue Authority (GRA). Stressing that he was improperly named as a defendant by the company because ...

Georgetown’s City by-laws governing the operation of parking meters have been approved by Local Government Minister, Ronald Bulkan, clearing the way for the commencement of paid parking. “The system will become operational,” he said when asked whether metered parking could begin on Tuesday, one day later than scheduled. Spokesman for Smart City Solutions, Kit Nascimento has said the parking meter ...

Banks DIH (Limited) has sued the Guyana Revenue Authority (GRA) for a total of GYD$28.4 billion in what it says are overpaid consumption taxes and interests due to a legal mistake. Meanwhile, Opposition Leader Bharrat says the case by Banks DIH vindicates his stance against a settlement for Demerara Distillers Limited’s (DDL) to pay GYD$1.5 billion in consumption and excise ...

Paid parking in Guyana’s capital, Georgetown has hit a slight snag because Minister responsible for Local Government, Ronald Bulkan has not yet approved parking meter by-laws, he said Sunday. Bulkan said he got the by-laws on Friday, January 20, 2017 and expects that his Legal Department would review them on Monday- January 23- the same day that Smart City Solutions ...

Finance Minister, Winston Jordan has warned that government would take stern action against a small number of players who are responsible for instability in Guyana’s foreign exchange market, even as he sought to allay fears of a foreign exchange shortage. “We will continue to use moral suasion to return the market to stability. But the Government stands ready to act ...