Business

A New York man has been sentenced to 18 months in prison for his role in an illegal pump-and-dump stock manipulation scheme. Acting U.S. Attorney Charles J. Kovats made the announcement after Senior U.S. District Judge David S. Doty sentenced the defendant, the United States Department of Justice said Thursday night. According to court documents, Christopher James Rajkaran, 36, of ...

Guyanese who earn $75,000 per month or less will no longer have to pay income tax. Finance Minister Dr Ashni Singh made the announcement in his 2022 National Budget speech. “In this regard, we are proposing to increase the monthly income tax threshold from $65,000 to $75,000 monthly, thereby releasing a total of $1.3 billion into the hands of current ...

President Irfaan Ali on Tuesday , one day ahead of the 2022 National Budget presentation, announced that government  has set aside money to cushion the impact of  rising cost of living but indicated that it would not be unconditional cash grants. “A specific sizeable allocation will be made to address the issue of cost of living,” he said, adding that ...

A cargo ship carrying three shipping containers laden with US$5 million worth of ammunition is not registered in Guyana and is not due here, the Maritime Administration (MARAD) said Thursday night. “The vessel in question is not contained in the local ships’ registry and it is believed that registration documents were issued by International Maritime Safety Agency of Guyana (IMSAG), ...

A quantity of marijuana was Wednesday found aboard a Panama-registered cement carrier cargo vessel, and so far the captain and other officers have been detained for investigations, the Customs Anti-Narcotics Unit said. CANU said that several parcels of  marijuana – a foreign type known as ” creepy “- with a total weight of 16.046 kilogrammes (36 pounds), with a local ...

Police early Wednesday morning cleared the bridge at Dartmouth Public Road, Essequibo Coast of debris a day after protesters blocked the thoroughfare to protest the decision to charge a policeman with manslaughter of businessman Orin Boston. Police and fire fighters cleared the bridge at about 3:30 AM during a pre-dawn operation  in which about 20 protesters scampered away as firefighters ...

Demerara Distillers Limited (DDL) on Monday joined the family, friends, nation, and international community in mourning the loss of its former Chairman, Dr. Yesu Persaud. “He lived a life which brought to the fore the best possibilities which often were invisible to others. His revolutionary initiatives quite often challenged convention but were extraordinarily successful as is evidenced by what DDL ...

The Guyana Fire Service on Monday said the building that housed the La Parkan and Tropical Shipping bonds had no fire fighting equipment “In this particular instance the facility did not have any means of fire prevention. There were no smoke detectors, fire extinguishers or fire hoses installed in the building,” the Fire Service said. The cause of the fire ...

An early Monday morning fire destroyed the La Parkan bond on Lombard and Broad Streets, Georgetown, destroying millions of dollars in imported goods as well as the facility itself, officials said. The cause of the blaze at the decades-old metal facility was not immediately known. Many vehicles were destroyed and the contents of a number of shipping containers were also ...

Well-respected and renowned Guyanese business and cultural icon, Yesu Persaud died early Monday morning, hours after he was discharged from hospital. He was 93 years old. “Guyana has lost an outstanding soul in Dr. Yesu Persaud, a true son of the soil. It is with great sadness I learnt, moments ago, about his passing,” President Irfaan Ali said on his ...