All regions get 16 percent increase to support Health, Education, Agri. projects-Minister Bulkan

The nation’s 10 administrative regions will benefit from the sum of $39.3B for capital expenditure next year. This was revealed by Communities Minister, Ronald Bulkan during the recently concluded budget debates. The Minister said that the allocated sum represents an increase of 16 percent over 2018’s provisions. Bulkan said that the regions will be using […]

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IDB lending US$11.6 M support to transform Guyana’s Energy Sector

Guyana is set to transform its energy governance with help from the Inter-American Development Bank (IDB). This will translate to an US$11.64 M loan which will prepare Guyana to transition towards becoming a major oil and gas producing State. This project, according to information released by the IDB today, is designed to support the strengthening […]

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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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Govt. Pays $2.5M per page for feasiblity study it would not use, “this is corruption” -Ali tells House

The coalition administration constantly preaches  “transparency and accountability,” however, Opposition Parliamentarian, Irfaan Ali recently said that the Government has proven to be “the nation’s biggest hypocrite.” He made this remark during his contribution to the budget 2019 debates on Monday. There, Ali outlined that the coalition government has engaged in some of the most reckless […]

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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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Large Taxpayers Unit nets $4B for National Coffers

For the 2018 period, the Guyana Revenue Authority (GRA) made significant strides in its approach to tax administration. According to Finance Minister, Winston Jordan, the Authority’s initiative to establish a Large Taxpayers Unit (LTU) turned out to be a remarkable move since it was able to net, in one year, some $4B in taxes. During […]

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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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Millions in debt, struggles to collect rates and taxes will be faced head on- New Mayor

Challenges such as a ballooning budgetary deficit, late and non-payment of staff, debts mounting to hundreds of millions of dollars to private contractors, and the inefficient  collection of rates and taxes, will be faced head-on by the new Mayor and City Council. This charge was made just moments ago by Mayor, Ubraj Narine. In a statement […]

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Major infrastructure projects “all studies”, says Jagdeo

Opposition Leader, Bharrat Jagdeo has slammed the infrastructural allocations in the 2019 National Budget saying that many major projects will have feasibility studies done instead of actual infrastructural works. During his weekly press conference at his Church Street office, Jagdeo called out the Government for “duping” the Guyanese public by giving the impression that significant […]

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