Business

Chairman of the Georgetown Mayor and City Council’s Finance Committee, Oscar Clarke does not believe that there will be political fallout as a result of increased taxation on businesses and residents in the municipality. Political Scientist Freddie Kissoon agrees that the City needs increased revenue, but reasons that the APNU+AFC coalition is already losing political support on the ground because ...

The Demerara Harbour Bridge (DHBC) will again undertake substantial maintenance works similar in nature to that which it had undergone earlier in the year. This time work will be done to the western half in the third quarter of 2016. Authorities said the dates during which the maintenance would be done would be publicised as soon as they are finalized. ...

Guyana has dispatched poultry samples to the United States (US) to determine what type of disease is responsible for sudden poultry deaths in East Bank Berbice. According to Deputy Chief Executive Officer (DCEO) of the Guyana Livestock Development Authority (GLDA), Dr. Dwight Walrond, “samples which have been taken from the premises of one large scale farmer of broiler birds have already ...

Despite lingering concerns about the vibroflotation method of compaction to extend the runway of the Cheddi Jagan International Airport (CJIA),   the Guyana government and China Harbour Engineering (CHEC) on Friday assured that aviation safety would not be compromised. CHEC Project Manager,  Keliang Liu told a news briefing after an extensive tour of the project site that vibroflotation was chosen as ...

Bandits Thursday evening snatched a GYD$1.5 million payroll belonging to the Guyana Sugar Corporation (Guysuco) moments before it was about to be taken to Massy  at Ruimveldt, Georgetown for packaging, police said. A senior Guysuco official added that it was the pensioners’ payroll  and the remainder of last week’s payroll that were carted off.  A company spokeswoman later said the ...

Caribbean Community (Caricom) leaders on Wednesday agreed to aggressively lobby the United States (US) to stop pushing American financial institutions to cancel  correspondent banking with financial institutions in the region for fear that dirty money could leak into the system. “We have advanced on this matter in terms of agreeing that we should seek to lobby directly the US government ...

Foreign Affairs Minister, Carl Greenidge said he is not worried that neighbouring Venezuela would take action offshore Guyana where an American oil company has discovered at least 1.4 million barrels of oil. At the same time, he said that Guyana was not taking anything for granted. “No, I am not worried but it pays to be prudent and cautious in ...

A Guyanese aviation company, Domestic Airlines, on Wednesday secured an injunction in the Eastern Caribbean High Court preventing the removal from Anguilla of a Cessna 206 plane, which was flown out of Guyana without aauthorisation. That plane and another one have been flown out of Guyana despite a Guyana High Court injunction. The ex-parte application for an interim injunction was ...

As the Guyana Revenue Authority (GRA) moves to rake in much needed revenue, manufacturing companies are being told that they must pay duties on raw materials for which waivers had been previously granted. President of the Guyana Manufacturers Association (GMSA), Eon Caesar said the GRA’s strict adherence to the rules had resulted in the two-week closure of Denmor Garment Company ...

Suriname’s President, Desi Bouterse on Monday urged Caribbean Community (Caricom) member states that are involved in mining and oil to  unite towards industrialisation rather than continue to be vulnerable to global commodity prices. “Those member-states of Caricom and the wider Caribbean, which have been dependent on the extractive sectors, need to get together to discuss meaningful ways to shift from the ...