Business

In the wake of serious concerns being raised about a deal to store pharmaceuticals for the public health sector at a bond being rented from a city businessman, government on Wednesday announced that a special ministerial team has been established to examine a range of issues. “The Sub-Committee met today (Wednesday), at the Office of the Prime Minister and was provided ...

Amid swirling accusations of a sweetheart deal between government and a city businessman over the rental of a bond to store pharmaceutical supplies,  Minister of Public Health Dr. George Norton said Wednesday that the move was aimed at saving cash. He denied claims by Opposition Leader Bharrat Jagdeo that government paid the building’s owner, Lawrence “Larry” Singh two months rent ...

The Cheddi Jagan International Airport (CJIA) on Wednesday confirmed that passengers travelling from the United States (US) via Port of Spain would now have to undergo screening if they are changing aircraft. The CJIA said that decision applies to everyone transiting Trinidad’s Piarco International Airport on Caribbean Airlines and all other foreign carriers. “With immediate effect, transfer and transit passengers ...

City Mayor, Patricia Chase Green said the parking meter project would no longer begin on September 1 to make way for the Council to consider the proposed way forward by Central Government. Councillors at Monday’s (August 8, 2016) statutory meeting were given packages containing the review and recommendations by the Attorney General, Basil Williams and the Finance Minister, Winston Jordan. ...

The Transparency Institute of Guyana Inc. (TIGI) has slammed the Mayor and City Council for forging ahead with the Parking Meter project despite deep-seated concerns about the apparent opaqueness of the transaction from the inception. “That this project is allowed to continue in its current configuration in spite of a legal basis for enacting a new and transparent process, is ...

Commissioner General of the Guyana Revenue Authority (GRA), Godfrey Statia on Monday  announced that tax agents would be deployed to go after businesses that cheat the 16 percent Value Added Tax (VAT) amounting to billions of dollars. “We also have to shift our resources into the enforcement mode and go behind the businesses for them to comply so we are ...

Guyana’s social security system, the National Insurance Scheme (NIS) , is set to receive a GYD$5.6 billion cash injection over the next 20 years to compensate for a loss of money in the failed Colonial Life Insurance Company (CLICO). He said Cabinet has approved the government repaying NIS through non-negotiable Guyana government debenture certificates over a 20 year period at ...

Afro-Guyanese, largely supporters of the David Granger-led administration, were Sunday urged  to pressure government into looking after their welfare in exchange for the votes that they cast for the APNU+AFC coalition last year. The calls were issued at the Cuffy250 Fourth Annual State of the African Guyanese Forum held at the Critchlow Labour College, Woolford Avenue, Georgetown. Delivering the opening ...

The Guyana Telephone and Telegraph (GTT) said that as of 7 AM on Friday, August 5, 2016 all its services have been restored to “full strength.”   “Our *100# menu is back and is ready to provide you with all the services that you have become accustomed to,” the company stated. This includes MyAccount and Mobile Money services. Meanwhile, the ...

A Guyanese company, now capable of providing oil spill clean-up services, on Friday raised concerns about the risk of massive marine and coastal pollution if single-hull vessels are not phased out from carrying fuels in Guyana. Chief Executive Officer of GAICO Construction and General Services, Komal Singh called for efforts to be made to reduce that type of risk at ...