News

Personal Income Tax has been reduced from 30 to 28 percent for persons earning less than GYD$180,000 per month and the Income Tax threshold has been increased to GD$60,000 or one-third of the gross salary, whichever is greater. Finance Minister, Winston Jordan said in the 2017 National Budget that an additional 7,600 persons would be taken off the tax register ...

by Derwayne Wills  Guyanese will now have to pay Value Added Tax (VAT) on water and electricity consumption above a certain level, while the overall of Value Added Tax on businesses has been reduced to 14 percent on companies, Finance Minister Winston Jordan announced in the 2017 National Budget. In a move that has left many puzzled, Finance Minister Winston ...

Guyana will next year construct the first solar farm as part of a larger plan to reduce the country’s fossil fuel bill and  prevent carbon emissions. “To complement public sector investment, the Government will be granting a one-off tax holiday of two years for corporation tax to importers of items for wind and solar energy investments, and for investors in ...

Guyana’s economy  will record a 2.6 percent growth  in 2016 due to a decline in some prices and lower growth in several sectors, Finance Minister Winston Jordan announced on Monday. Delivering the 2017 National Budget, he told the House that the economy contracted from a projected 4.4 percent to a mid-year 2 percent and a further overall decline to 2.6 ...

Despite President David Granger’s assurances that he has not distanced himself from the grassroots in favour of the elite, a number of New York-based Guyanese has slammed him for ignoring their pleas to be recognised and involved in the decision-making process. Convenor of the groups, Professor Asquith Rose on Sunday (November, 27, 2016) released a letter to President David Granger ...

Political Scientists on Sunday do not expect that the People’s National Congress Reform (PNCR)-dominated A Partnership for National Unity (APNU) would cede the mayoral post to the Alliance For Change’s (AFC) Sherod Duncan at internal elections due next month. Former University of Guyana Political Science lecturer, Freddie Kissoon does not expect the APNU to move incumbent Mayor, Patricia Chase- Green ...

An East Ruimveldt resident is presently in a serious condition at the Georgetown Public Hospital Corporation, after being shot thrice about his body during an exchange of gunfire. Police said the man was shot by a licensed firearm holder about 02:00 hrs Sunday morning at the Wings and Things Bar, located at Mandela Avenue. Investigations revealed that the victim Martin ...

Demerara Bank Limited’s (DBL) Corporate Headquarters is now fully powered by solar energy at a cost of GYD$27.5 million, an amount the company hopes to recoup in another three years because it no longer has to pay electricity bills totalling about GYD$1.5 million monthly. The bank says it will now offer a special eight percent interest rate for companies and ...

President David Granger Saturday afternoon joined with the family of the late Claude Alphonso Merriman C.C.H. J.P to unveil a bust at the Merriman’s Mall, Vlissengen Road. Mr. Merriman was born on November 29, 1912 at Werk-en-Rust Georgetown and died in 1995. The bust was sculpted by Mr. Ivor Thom.  The President commended the family for the initiative and spoke of the ...

President David Granger on Saturday rejected claims by a group of United States-based Guyanese that he is elitist and has repeatedly avoided meeting with ordinary Guyanese in New York. “My reaction is that those descriptions are erroneous,” he said when asked by Demerara Waves to respond to claims by several overseas-based Guyanese. Several “concerned Guyanese” including members of the North American ...