Use of GTT’s voice services declining -PUC

After conducting a review of the Guyana Telephone and Telegraph’s (GTT) performance for 2017, the Public Utilities Commission (PUC) has found that the number of active users of landline services continues to decline yearly. This was stated in a recently released report. The Commission noted that there was a decline in minutes of use of […]

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Copa announces additional flight between Guyana and Panama

Saying that “Copa is here to stay”, the airline today announced that travelling between Guyana and Panama is expected to become much easier with its decision to add another flight to its Guyana to Panama route with onward connections. The airline today announced that this new development will take effect from Sunday (December 9, 2018). […]

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Guyana inks US$5.2M rice export deal with Panama

Guyana has secured its market for rice shipments to the lucrative Panamanian market with the inking of another supply contract for the period December 2018 through 2019. The value of this latest contract is US$5.2M and will see the supply of 200,000 quintals equivalent to 9,075 tonnes of white rice over the next few months. […]

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Business Ministry budgets $100M for Electronic Single Windows System

The Ministry of Business has budgeted some $100M to ensure that it fulfills the promise of implementing the Electronic Single Window system in the next four years. According to Business Minister, Dominic Gaskin, the system is a trade facilitation initiative that is expected to drastically alter and improve the way in which import and export transactions […]

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Go-Invest to train 100 exporters on int’l trading- Gaskin

Come next year, the Guyana Office for Investment (Go-Invest) will aggressively pursue trade and investment opportunities for local businesses. This was revealed today by Business Minister, Dominic Gaskin during the first round of the 2019 budget debates. Gaskin, who was the second speaker to take the floor earlier today, said that the Business Ministry has […]

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Small Businesses benefit from reduced taxation on profits -Finance Minister

In keeping with Government’s recognition of the role small businesses play in adding value and employment, Finance Minister, Winston Jordan recently revealed that he intends to reduce the income and corporate tax rates applied to the profits of these entities to 25 percent. To benefit from this reduction, however, Jordan said that the business must […]

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Hotelier, Robert Badal acquires full control of Guyana Stockfeeds Inc.

Proprietor of the Pegasus Hotel, Robert Badal, has acquired full control of the Guyana Stockfeeds Inc. after securing Government’s 6.7 percent shares in the company. This was revealed today by Minister of State, Joseph Harmon at his post-Cabinet press briefing. At the Ministry of the Presidency, Harmon said that Cabinet received a proposal from Badal […]

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PSC Lauds 2019 Budget but Pinpoints Some Shortcomings

While the Private Sector Commission (PSC) has lauded some elements of the 2019 National Budget, the body has expressed its disappointment that other elements, such as the reduction of the “oppressive” and “draconian” 40 percent tax rate, were not addressed. According to PSC, this 40 percent tax rate has had an adverse effect on legitimate […]

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MOU Inked To Enable Direct Flights Between Guyana And Aruba

Direct flights from Guyana to Aruba are on the horizon with the signing of a Memorandum of Understanding (MOU) between the two countries.   The signing of the MOU took place on the sidelines of the ongoing 2018 International Civil Aviation Organisation (ICAO) Conference being held at the Liliendaal, Greater Georgetown Arthur Chung Conference Centre. […]

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New Event To Explore Opportunities In Guyana Gathers Momentum

Plans are gathering apace for a new business event which will highlight opportunities to link businesses in the North East of Scotland with Guyana. As part of its growing Gateway series, Aberdeen-based Granite PR has teamed up with ABIS Energy to create the Aberdeen-Guyana Gateway, supported by Invest Aberdeen. It will take place in the […]

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