Business

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 ...

Ahead of parliamentary approval of GYD$350 million in the National Budget for the construction of the Specialty Hospital, Fedders-Lloyd is yet to complete  an assessment of the works done so far at the worksite by another Indian company whose contract has been scrapped. The 2016 estimates of expenditure shows that Guyana government has set aside GYD$350 million for thewhich includes mobilization ...

Opposition Leader, Bharrat Jagdeo forecasts a hike in transportation due to the ban on used tyres and a restriction on the importation of used vehicles to eight years and under- effectively pushing up the cost of acquiring vehicles. “If you have to buy new tyres, if you can’t get a new vehicle that is more than eight years old… I ...

Opposition Leader, Bharrat Jagdeo was Friday afternoon riled by government’s announcement that Guyanese would first have to prove that they are paying their taxes before they are granted licences and tax exemptions. “This is a big brother kind of approach. The GRA (Guyana Revenue Authority) will now have a primary part in our lives once again. It is an old Burnhamite ...

Mere minutes after Finance Minister Winston Jordan announced a GYD$230B Budget for 2016, Opposition Leader Bharrat Jagdeo says that the Budget is “anti-poor and anti-development.” Jagdeo at a press conference shortly after Jordan concluded his budget speech declared that some Guyanese are still confused and might still be trying to figure out what really happened in the National Assembly. He ...

 Government has announced its intention to increase sweeping reforms the tax sector which include the removal of excise tax on new vehicles that are under 4 years old. This was announced by Finance Minister Winston Jordan in his 2016 Budget Speech.   According to the Minister, persons importing vehicle under 4 years old and under 1500cc will no longer be ...