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News

Budget 2016: Jordan announces increased subvention for NCN

In a surprise move on Thursday, Finance Minister Winston Jordan has announced that more money will be given as subvention to the National Communications Network (NCN). Jordan made the announcement while delivering his speech for Budget 2016, which was presented to the National Assembly. In 2015 NCN which fell under the remit of the Prime Minister in the new dispensation ...

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Updated: Some license fees to increase – Finance Minister

Even as government increased the Income Tax threshold from GYD$50,000 to GYD$55,000, it announced that a range of fees would increased. In relation to public sector wages and salaries, Finance Minister Winston Jordan  did not announce a specific increase in wages and salaries because that would be subjected to negotiations with the trade unions. They include gun licenses. No specific ...

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More cocaine pellets coming down… 62 grammes and counting

A man nabbed with 518 grammes of cocaine in his under garments also up to Thursday excreted several pellets weighing an additional 62 grammes of the illicit substance, police said. The outgoing passenger was nabbed at the Ogle International Airport at about 5:30 Thursday morning. He remained under guard at the Georgetown Public Hospital Corporation (GPHC)  where he is expected ...

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Guyana among Caricom countries considering reducing reliance on T&T’s Petrotrin for oil supplies

Guyana is currently contemplating joining a list of other Caribbean countries in search of another fuel supplier in order to reduce reliance on Trinidad and Tobago, now that Venezuela’s PetroCaribe has dried up as a fuel sources. Speaking at the induction of the Board of the Guyana Energy Agency (GEA) on Thursday, Minister of Public Infrastructure, David Patterson said he ...

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Call for amendment to wedding laws as Wedding Expo launched

There is a resounding call for the Government of Guyana to amend existing laws as it relates to persons getting married in Guyana to make the process easier and hassle free. Captain Gerry Gouveia, the founder of Wedding Expo Guyana stated that instead of having to be in the country 14 days prior to getting married. He was at the ...

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Telecoms Bill likely in first half of 2016

After several setbacks coupled with the creation of a new Telecommunications Ministry, the long awaited Telecommunications Bill may make its way to the National Assembly during the first half of 2016. The Liberalization of the Telecommunications sector via the Telecoms Bill was one of the pledges made to the Guyanese people by the APNU+AFC in its 100 Days election manifesto. ...

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Drought affecting agri sector

The drought has begun battering Guyana’s agriculture sector, forcing authorities to begin pumping water into the drying up conservancies. Briefing a high-level multi-sectoral meeting on the El Nino situation, Agriculture Minister Noel Holder said efforts would be made to pump water to support agricultural areas but also explore ways in which water can be retained in a controlled manner for ...

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Republic Financial Holdings Limited Records US$48.2 Million Profit

The Trinidad-headquartered Republic Financial Holdings Limited (RFHL) has recorded a profit attributable to shareholders of US$48.2 million, for the quarter ending December 31, 2015, the company said in a statement. This represents an increase of 3.1% over the corresponding period in 2014. Total assets of RFHL stood at US$10.3 billion at December 31, 2015, which, when compared with that of December ...

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