News

Customers of Fly Jamaica Airways Ltd. can now view the airline’s updated flight schedule for November 29th and 30th at www.fly-jamaica.com/updated-flight-schedule, in the wake of an incident Tuesday morning that resulted in its tail cone being ripped off. At approximately 07:20 hrs this morning at Cheddi Jagan International Airport (CJIA) in Guyana, Fly Jamaica Airways’ B767-300, which was parked at ...

The incident that led to the damage of two aircraft owned by Caribbean Airlines and Fly Jamaica early Tuesday morning appeared to have been caused by an alleged breach of air-side directive at the Cheddi Jagan International Airport (CJIA), according to well-placed sources. Demerara Waves was reliably informed that the Airport Directive specifically states that “no large aircraft should taxi ...

The Private Sector Commission (PSC) on Tuesday gave a mixed reaction to the 2017 National Budget, saying the reduced Corporation Tax will help stimulate production but adjustments to the Value Added Tax (VAT) amounted to a mockery. With consumers now being asked to pay a 14 percent VAT on water and electricity if their monthly bills are more than GYD$1,500 ...

Although the criteria has not yet been finalised, Finance Minister Winston Jordan announced during his 2017 budget speech that $50M will be placed into a Youth Innovation fund (YIF). “This fund will provide a financing platform to launch exceptionally innovative ideas,” Jordan said in the House, “harnessing the energetic and creative minds of our young people.” Jordan hopes the criteria ...

Following the death of 17 inmates in a fatal fire at the Georgetown Prison earlier this year and and an inquiry which revealed serious overcrowding, Government is hoping to plug some $2.2B into expansion the Mazaruni Prison to ease pressures on the Georgetown prison. $369M will be released in 2017 as the first tranche of that money which  will see ...

An incoming Caribbean Airlines Limited (CAL) aircraft Tuesday morning  struck a Fly Jamaica plane that was parked at the Cheddi Jagan International Airport but no one was injured. Director of the Guyana Civil Aviation Authority (GCAA), Retired Col. Egbert Field confirmed that the right wing of the CAL plane knocked the tail cone of the Fly Jamaica aircraft which was ...

by Derwayne Wills The security sector will receive a budget of $29.1B with some of that money going to upgrade 12 police stations across the country in their capacity to deal with domestic violence cases. This announcement made by Finance Minister Winston Jordan during his budget presentation falls within the 16 days of global activism to end violence against women ...

Small contractors will now be given Temporary National Insurance Scheme and Income Tax compliance certificates, removing a major stumbling block to them bidding for projects and programmes. “Mr. Speaker, currently bidders for contracts are required to have valid Income Tax and NIS compliance certificates. This has especially hampered small contractors from participating in the procurement process. While these requirements will ...

by Derwayne Wills Government has allocated $9B to assist the Guyana Sugar Corporation although more monies would be needed by the ailing public corporation. “The status quo of the sugar industry can neither be sustained nor maintained,” Finance Minister told the National Assembly during his budget speech. “As currently structured, the industry would require Government’s support to the tune of ...

The cost of acquiring a Guyanese passport and leaving Guyana will go up from January 1, 2017 when the new national budget takes effect. Finance Minister, Winston Jordan announced that the cost of acquiring a new passport has moved from GYD$4,000 to GYD$6,000. However, persons 65 years and older will no longer have to pay for that travel document. Overseas-based ...