Almost 100 sacked workers at the Guyana Sugar Corporationâs (Guysuco) Wales Estate have received GY$80.1 million in severance pay, Prime Minister Moses Nagamootoo announced on Friday. He said after the monies were paid to the 93 former workers at the Wales Estate, the Guyana Agricultural and General Workers Union (GAWU) that had brought a court case against the company for ...
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Declining foreign direct investments will “tank” Guyana’s exchange rate- Jagdeo
Opposition Leader, Bharrat Jagdeo on Friday said the failure of government to attract new investments was causing a shortage in United States dollars (US$) instead of a buying of that currency by Barbadians and Trinidad and Tobago nationals to satisfy their countriesâ demand for foreign exchange. He warned that governmentâs failure to attract Foreign Direct Investments, down to a mere ...
Read More »Bank of Guyana suspends buying TT, Barbados currencies from cambios
The Bank of Guyana on Thursday announced that it has temporarily stopped buying Barbados, and Trinidad and Tobago dollars from cambios as part of efforts to stem increased demand for United States (US) dollars. He said there was evidence shows that persons have been coming from Barbados, and Trinidad and Tobago to buy American dollars, resulting in a decision by ...
Read More »Guyana Chronicle fires its Sunday Editor
The Guyana National Newspapers Limited (GNNL) on Thursday announced that it has fired its Sunday Editor, Neil Marks because of alleged dereliction of duty. Marks declined to comment, when contacted by Demerara Waves Online News. In a statement, the entity said it regretted the decision but the “Management as guided by the Board of Directors found it necessary in order ...
Read More »GRA won’t garnish monies without court order; law being widened to block tax cheats from leaving Guyana
Finance Minister, Winston Jordan says the Guyana Revenue Authority (GRA) will only withhold earnings from persons’ bank accounts to pay income taxes owed if the court grants an order. Acknowledging that no details about the plan were provided in his budget speech, he explained that the provisions of the Value Added Tax (VAT) Act would be extended to the Income ...
Read More »Rupert Roopnaraine denies wrongdoing in D’urban Park project
Minister of Education Dr. Rupert Roopnaraine on Thursday denied that he ever benefitted personally from cash or other donations that had passed through a company that had been established to develop Dâurban Park for Guyanaâs 50th Independence Anniversary. âIn over forty years of political activism, striving to achieve a better Guyana, I have never hidden behind anyone. In over forty ...
Read More »Countrywide mineral mapping, on-the-ground mining assessment to be conducted- Jnr. Natural Resources Minister
Plans are moving apace to begin mapping Guyana for 40 minerals and conduct a detailed on-the-ground assessment and inventory at all mining districts, Junior Minister of Natural Resources Simona Broomes said Wednesday. She announced that GYD$2 billion have been set aside in the 2017 National Budget to begin the mapping exercise by the Geological Surveys Department of the Guyana Geology ...
Read More »Hotels to replace kaimoos in mining districts- Broomes
Government will be accommodating women working in the mining districts in hotels instead of the shanty structures known as âkaimoosâ, Junior Minister of Natural Resources Simona Broomes announced on Wednesday. âThe word âkaimooâ will be a word of the past. We inherited a government who had women in kaimoo. Let me put you on notice. We will have them in ...
Read More »VAT on Internet data “necessary” – Public Telecoms Minister
Value Added Tax (VAT) on Internet data will be used to help fund the Guyana governmentâs Information Communication Technology (ICT), Public Telecommunications Minister Cathy Hughes said Wednesday. âThe CAT on data has also received harsh criticisms but I want to remind us all that it is a necessary revenue stream given the range of transformational measures I have shared. In ...
Read More »14% VAT on condoms is a tax on safe sex- Opposition MP Dr. Frank Anthony
Opposition MP and former Culture, Youth and Sport Minister, Dr Frank Anthony had the National Assembly in an uproar this morning when he rose in the House to declare the new 14% value added taxes for a number of items is a tax on safe-sex, as well as the deaf, the elderly, the disabled, and the sick. “This year is quite ...
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