Business

Junior Finance Minister, Jaipaul Sharma on Tuesday said government would soon increase the ceiling for contracts for which Cabinet must offer its no-objection if agreement could not be reached on establishing the more transparent Public Procurement Commission. “The law stipulates that Cabinet’s role should be phased out and by government increasing the limit is an indication that we are going ...

by Gary Eleazar Guyana will for the first time in its 50-year history as an independent nation operate with a fully liberalised telecommunications sector, with Monday’s parliamentary passage of a modern telecoms law. “This legislation will allow other companies to ensure the local market offer a variety of services and benefits…including more mobile rates, land lines and a host of ...

Public Accountant and Attorney-at-Law, Godfrey Statia  has been appointed as the new Commissioner General of the Guyana Revenue Authority (GRA), according to usually reliable sources. He was chosen from among four applicants by the GRA’s Governing Board. When Statia assumes office before month-end, he would become the next substantive office holder after Kurshid Sattaur with whom the tax collection agency ...

by Gary Eleazar The Parliamentary Committee of Appointments has recommended that Matthew Edward Hugh Langevine, be appointed as Director of the Financial Intelligence Unit (FIU) within the Ministry of Finance. The FIU works closely with the Special Organised Crime Unit of the Guyana Police Force, Guyana Revenue Authority and the Ministry of Finance in detecting and pursuing those suspected of ...

City Mayor, Patricia Chase-Green on Sunday said the Mayor and City Councillors were still searching for space to place vendors who are temporarily plying their trade on a plot of land at the corner of Hadfield and Lombard Streets. Chase-Green’s position contrasts with what sources said was active consideration that was being given by Sugrim to grant an extension for ...

Armed bandits assaulted and robbed the owners of a supermarket at La Jalousie, West Coast Demerara, police confirmed Sunday. Divisional Commander for West Demerara, Senior Superintendent, Stephen Mansell confirmed that the incident occurred on Saturday, July 16, 2016 at C and N Supermarket. He said one suspect has been arrested. The names of the victims were not immediately available. Mansell ...

Well-known Attorney-at-Law, Sase Gunraj said Friday that Georgetown’s Mayor and Councillors do not have any legal right to impose a container tax and can only do so if the archaic colonial law is amended by Parliament. “They do not have the authority to impose that tax…”If they want to impose such a tax they have to go to Parliament,” he ...

by Gary Eleazar A European Bank has been identified to fill the void in the local financial system following the announcement of a pullout by Bank of America. This was confirmed by Bank of Guyana Governor (BoG), Dr Gobind Ganga  who, during an exclusive interview with Demerara Waves Online News on Friday, said all of the necessary due diligence measures between ...

University of Guyana (UG) graduating students will now have to pay a graduation fee, even as the administration of that tertiary institution warned that lecturers would be punished for delivering students’ grades late. The institution said the Finance and General Purposes Committee (F&GPC) of The University of Guyana (UG) at its statutory meeting on Monday, July 11, 2016, took several ...

The Central Housing and Planning Authority (CH&PA) and Georgetown City Council have refused to grant approval for the addition of a seventh floor to the building under construction of at Robb and Camp Streets, prompting the owner to contemplate appealing to President David Granger. “The last thing now left is to go and see the President,” Building owner, Rizwan Khan told ...