Business

Guyanese auto dealers Monday called on government reconsider the import restriction on vehicles four years and older, saying that the tax structure on new vehicles would end up making it more expensive to acquire a car. “We the auto dealers of Guyana respectfully ask that the tax structure be reconsidered so that the perfect balance can be found between revenue ...

Rescue plans for Wales Sugar Estate have been floated, even as calls have intensified for government to commission a socio-economic study of the impact of closing that West Bank Demerara operation of the state-owned Guyana Sugar Corporation (Guysuco). Speaking at a panel discussion Friday night on the topic “”The Closure of Wales Estate: Are there alternatives?”, former Guysuco Chairman, Vic ...

Vice President Khemraj Ramjattan has stated that an agreement for the supply of power was signed with the Former People’s Progressive Party/Civic (PPP/C) administration and Hope Farm Wind Mills for the supply of renewable energy. This comes after a controversy brewed regarding the APNU+AFC administration’s engagement with the proprietor of the company Lloyd Singh, since the businessman is a known ...

The Guyana Revenue Authority Wednesday said it seized almost GYD$20 million worth of smuggled goods and detained a number of vehicles that were used to transport the items  in January. The seizure of the un-customed goods by the GRA’s Law Enforcement and Investigation Division (LEID) has been is part of what the agency calls its “relentless”  pursuit of smugglers “The countrywide ...

Rationing of water being supplied to residents of Georgetown from the Shelter Belt Water Treatment Facility begins Wednesday night (3rd February, 2016) from 10 O’clock due to the current drought. The Guyana Water Inc. explains that this is as a result of another decrease in the level of the East Demerara Water Conservancy (EDWC) due to the prolonged dry season. ...

Natural Resources Minister and Government Spokesperson Raphael Trotman has affirmed that the government has not given any commitments to an Orlando Architecture firm for the design of a new sports complex. This is against the backdrop of reports in international media that the company will be responsible for the design of multimillion dollar complex in Georgetown. Baker Barrios Architects, Inc. ...

The Guyana government has launched a multi-sectoral approach to minimize the chances of the mosquito-borne Zika virus from spreading to Guyana, the Ministry of Tourism announced Wednesday. Though not deadly, scientists say the virus has caused pregnant mothers to deliver babies with small or under-developed brains. Scientists also say the virus may be spread by sexual intercourse. Authorities say one Guyanese ...

Baker Barrios Architects, Inc. Wednesday said it was in the final rounds of designing the future home of the Guyana Sports Complex in the Co-operative Republic of Guyana – a sovereign state on the northern mainland of South America. “The master plan creates a true destination and an exciting experience for visitors, spectators and athletes, while establishing a framework for ...

A Tax Review Committee has suggested to Finance Minister, Winston Jordan that if the 16 percent Value Added Tax (VAT) is to be reduced, the number of zero-rated or non-taxable items would have to reduced to compensate for a loss of revenue, Finance Minister Winston Jordan said Monday. “The recommendation suggests that we should have less zero rated items so ...

The opposition People’s Progressive Party Civic (PPPC) has ruled out sitting on the University of Guyana’s (UG) Council and State Boards unless President David Granger assures that there would be no political intervention in decision-making. “Until we have assurances that the Boards would have total autonomy over the entities, we cannot be part of rubber-stamping corruption or discrimination or any ...