Business

The High Court has blocked a man from using a hangar at the Cheddi Jagan International Airport  Corporation (CJIAC) to continue the operations of Exec Jet Club which is owned by a Guyanese pilot now facing charges in the United States for bulk cash smuggling and cocaine trafficking. High Court Judge, Dianna Insanally, in the course of ruling, said Deolall Gangadin ...

Guyana Thursday night hailed healthy signs in the international gold price for the first time in seven years. Making his contribution to the 2016 National Budget Debate, Minister of a Natural Resources, Raphael Trotman noted that gold has reached about US$1,200 per ounce. On the London Fix, the price for the precious metal closed at US$1,241 per ounce. Guyana is ...

Regaled as one of the most controversial Vice Chancellors that the University of Guyana has ever seen, Professor Jacob Opadey’s contract with the Guyana Government has expired and is bidding farewell to the publicly funded institution. Opadeyi, already replaced by Acting Vice Chancellor Barbara Reynolds, is currently in his last week at the University and says that he is looking ...

Minister of Communities, Ronald Bulkan Wednesday night signaled that residents in towns and neighbourhoods would  eventually have to pay increased rates and taxes after properties are re-valued following the upcoming Local Government Elections. “Of all of the factors, money is the most important one and therefore determining and establishing the revenue base  if Councils is a priority,” he said. In ...

The Head of the Guyana Agriculture Workers Union (GAWU) and People’s Progressive Party (PPP) MP Komal Chand has disclosed that the sugar factory at Wales Estate is the exact same as the ones at other sugar estates. Chand made the statement while delivering his offerings on the 2016 Budget debate where he flayed the government over the decision to close ...

People’s Progressive Party (PPP) Member of Parliament Dr Vindhya Persaud says she will be forced to withhold her support for Budget 2016 since it lacks tangible projects for the empowerment of women. Persaud made the statement as she delivered her take on the 2016 Budget during the debates on Wednesday. The third speaker for the day, the MP indicated that ...

Even as the Guyana Sugar Corporation begins shedding staff from Wales Estate ahead of its planned closure later this year, the Guyana Agricultural and General Workers Union (GAWU) Monday dismissed plans to provide lands to workers for farming. Reacting to the announcement by Chairman of Guysuco’s Board, Professor Clive Thomas in the privately-owned Stabroek News newspaper at the weekend, GAWU ...

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 ...