News

Former Minister of Housing, Water and Tourism in the People’s Progressive Party Civic (PPPC)-led administration, Irfan Ali was early Wednesday morning arrested by agents of the police force’s Special Organised Crime Unit, multiple sources confirmed. The sources said he has been charged and he is expected to be arraigned before a City magistrate some time Wednesday. SOCU agents arrived at ...

Reproduced from Jamaica Gleaner Fly Jamaica has been hit with a class action lawsuit following the November 9 incident in which one of  its planes crash landed at the Cheddi Jagan International Airport in Guyana. Two Canadian law firms filed the lawsuit last Friday with the Superior Court of Ontario against Fly Jamaica for injuries and losses sustained. The class ...

Four of the nine Guyanese fire fighters implicated in the alleged theft of items from a crash-landed Fly Jamaica plane, the Guyana Police Force said. “One of the firemen will be charged with simple larceny and the others with Having under their control articles reasonably suspected to have been stolen,” force spokesman, Superintendent Jairam Ramlakhan said. They are due to ...

The Ministry of Finance is concerned about Republic Bank’s likely dominance of the banking sector, in the wake of Tuesday’s announcement of a buy-out of Scotiabank’s operations in Guyana and several other Caribbean countries. “The agreement raises a number of issues for the banking sector in Guyana and for the public which the Ministry of Finance, the Bank of Guyana ...

Ahead of the first meeting of the recently elected councillors, the People’s National Congress Reform (PNCR)-controlled A Partnership for National Unity (APNU) has hatched a plan to remove the People’s Progressive Party (PPP) councillors in Georgetown, East Coast and East Bank Demerara. For the first time, the PPP has been able to clinch so many seats – seven – in ...

Port-of-Spain, Trinidad: Tuesday November 27, 2018 – Republic Financial Holdings Limited (RFHL) on Tuesday announced that it has entered into an agreement to acquire Scotiabank’s banking operations in Guyana and several other Caribbean countries. The other Scotiabank operations in the takeover are in St. Maarten and the Eastern Caribbean territories, including Anguilla, Antigua and Barbuda, Dominica, Grenada, St. Kitts and ...

Opposition Leader, Bharrat Jagdeo on Monday assailed government’s 2019 National Budget moments after Finance Minister, Winston Jordan delivered a GYD$300 billion package of revenues and expenditures. ‘We can’t support this budget, not in its current form,” Jagdeo said, adding that the opposition People’s Progressive Party (PPP) had expected government to take into consideration its concerns and the pending no-confidence motion. ...

Cigarette smoking in Guyana will next year cost cost more as Finance Minister, Winston Jordan announced on Monday a raft of taxes on the tobacco product. He told the 65-seat National Assembly, in presenting the 2019 National Budget, that the “new regime for taxing tobacco” would include a specific Excise Tax of GYD$$2,500 per 1,000 sticks, together with Customs Duty of ...

Finance Minister, Winston Jordan on Monday announced increases in the thresholds of property tax returns for individuals and companies as part of an ongoing tax reform plan. The 2019 budget is GYD$300.7 billion, 12.6 percent increase over 2018. Real Gross Domestic Product in 2018 is projected to be 4.6 percent compared to an expected 3.4 percent for this year. Inflation ...

Finance Minister, Winston Jordan says government employees earning  a minimum salary of GYD$60,000 would take home GYD$50,400 in back pay, even as he confirmed tax free back-pay for all categories of government employees. Those increases would not include teachers who have already been granted increases following protracted negotiations with the Guyana Teachers Union (GTU). However, teachers’ back-pay would not be ...