Govt’s amendment to VAT Act putting strain on manufacturing sector -GMSA tells GRA
The government’s 2018 amendment to the Value Added Tax (VAT) Act is having crippling effects on manufacturing businesses. In fact, many exporters are unable...
ExxonMobil makes ninth discovery offshore Guyana
The discovery of approximately 197 feet (60 metres) of high-quality, oil-bearing sandstone reservoir at the Hammerhead-1 is the ninth discovery of oil in the...
GAWU Credit Union shares over $4M in dividends to members
Members of the Agricultural and General Workers Union (GAWU) Credit Union Society Limited were elated to learn that there is a surplus of $4M from...
Local banks will be able to better assess, guard against major losses by year-end...
It was in 2017 that Central Bank completed a draft of the stress testing guidelines which would be used by the banking system. Providing...
GWI’s Water Quality Lab gets National Certification
Guyana Water Incorporated’s (GWI) Water Quality laboratory achieved national certification for the first time, after conforming to the Guyana Standard GYS 170 "General requirements for the...
GRA must be strengthened for Guyana to fare well as an oil producing nation...
In anticipation of the revenues to come from the oil and gas sector, Finance Minister, Winston Jordan is demanding effective tax administration. In fact,...
Guyana remains open to excessive, abusive use of debt by ExxonMobil – IMF
The International Monetary Fund (IMF) wants the Government of Guyana to change the way it treats interest expenses in Production Sharing Agreements (PSAs). In...
Guyana losing $70B annually through misuse of duty-free fuel
The Guyana Revenue Authority (GRA) is facing an uphill battle trying to prevent the misuse of duty-free fuel by various government entities and companies.
According...
Guyana’s internal auditing departments still woefully weak –IMF
Since 2015, the International Monetary Fund (IMF) told the Government that the internal auditing systems for agencies that would benefit from oil proceeds, have...
Westford, Cummings freed of $600M theft charge
All charges in relation to the theft of $600M against former Minister of Public Service Dr. Jennifer Westford and Margaret Cummings, were dismissed late...
