Tag Archives: Guyana

 Government has announced its intention to increase sweeping reforms the tax sector which include the removal of excise tax on new vehicles that are under 4 years old. This was announced by Finance Minister Winston Jordan in his 2016 Budget Speech.   According to the Minister, persons importing vehicle under 4 years old and under 1500cc will no longer be ...

Government’s announcement of a reduction in fuel prices  from Monday, February 1 will now see consumers paying less than GYD$90 dollars off of a gallon of gasoline at the pumps of the state-owned Guyana Oil Company (GuyOil). In his 2016 National Budget presentation on Friday, Finance Minister,Winston Jordan  also announced that the price of diesel will be reduced by less ...

Finance Minister Winston Jordan has revealed that the government has plans to increase its investments in the Information Technology Sector with over $3B budgeted for works in the sector. Jordan made the announcement during the presentation of Budget 2016, under the theme Stimulating Growth, Restoring Confidence: The Good Life Beckons. He said that in providing a better life for all ...

Another oil company has been granted oil exploratory license from the Government of Guyana to conduct exploration in the Orinduik Block. This is according to Finance Minister Winston Jordan who made the announcement during his Budget 2016 Speech noting that oil is poised to become an important industry for Guyana. “A Petroleum Prospecting Licence and Production Sharing Agreement have been ...

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 ...

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 ...

While the government of Guyana is not contesting Guyana being listed among countries afflicted by a Zika pandemic, it is affirming that the country only has one case of the Zika virus. At an emergency press conference on January 29, Guyana’s Ministry of Public Health made it clear that only one case of the virus has been confirmed while more ...

The Ministry of Natural Resources has decided to establish a Compliance Division to police the scaling back of the use of mercury and overall verify that miners and loggers are complying with Guyana’s laws and regulations. “The compliance unit really is going to be attached to the ministry so they are going to be going out on behalf of the ...

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 ...

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 ...