VAT reduced to 14%

The Value Added Tax will be reduced from 16% to 14% and marks a move by the coalition government to begin honouring one of its campaign promises. Finance Minister Winston Jordan made the announcement on Monday during his budget presentation.  The Minister also announced that several other items will be added to the VAT exemption […]

BUDGET 2017: Struggling sugar industry to receive $9 Billion

With the sugar industry recording yet another year of financial losses, the Government of Guyana will be injecting $9 Billion into the sugar industry and the operations of the Guyana Sugar Corporation. The announcement was made by Finance Minister Winston Jordan during his budget presentation on Monday afternoon. Minister Jordan told the National Assembly that […]

Economy crawls to 2.6% growth rate -Finance Minister

Guyana recorded a 2.6% growth rate in 2016, which is far below the projected 4% growth that the government was hoping would have taken place. Finance Minister, Winston Jordan, made the disclosure on Monday afternoon during his budget presentation in the National Assembly. Jordan told the Assembly that the loss of the rice market in […]

Greenidge calls on Public Service Commission to hurry up and deal with Diplomatic postings

Vice President and Minister of Foreign Affairs, Carl Greenidge has issued a call for the Public Service Commission (PSC) to be “considerably revamped” since he believes that its idea of what is needed at the Foreign Ministry is “largely irrelevant.” The Minister expressed this view on Saturday, while confirming that there is indeed human resource […]

Ban-Ki-Moon’s assessment of Guyana/Venezuela border controversy could now come in December

With three days left before November comes to an end, United Nations (UN) Secretary-General ( Ban ki-Moon is yet to fulfill his commitment of assessing the existing Guyana-Venezuela border controversy and choosing a resolution method. He had promised to make his assessment known before the end of November. But Guyana’s Minister of Foreign Affairs, Carl […]

GDF has increased border patrols and aerial surveillance of Guyana’s Exclusive Economic Zone -Brigadier Lewis

The Guyana Defence Force has increased its monitoring of Guyana’s exclusive economic zone with aerial surveillance and has increased border patrols during the past year. Recently appointed Chief of Staff of the GDF, Brigadier George Lewis, made the announcements on Saturday as the GDF wrapped up its 51st Anniversary observances with a route march around sections […]