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    With no new taxes, record $781.9B budget focuses on current & future needs
    • Business
    • Politics
    Jan 17, 20235 Mins Read
    With no new taxes, record $781.9B budget focuses on current & future needs

    The 2023 National Budget, totalling a massive $781.9 billion, was on Monday presented by Finance Minister Dr. Ashni Singh and…

    BUDGET 2023: Gov't removes VAT on new electric cars 
    • Business
    Jan 16, 20231 Min Read
    BUDGET 2023: Gov't removes VAT on new electric cars 

    The government is proposing the the removal of Value Added Tax (VAT) on new electric vehicles (not hybrid) of any…

    BUDGET 2023: Finance Minister proposes removal of VAT on residential properties
    • Business
    Jan 16, 20231 Min Read
    BUDGET 2023: Finance Minister proposes removal of VAT on residential properties

    Finance Minister Dr. Ashni Singh on Monday proposed the removal of the 14 per cent Value Added Tax (VAT) on…

    BUDGET 2023: Low-income mortgage ceiling moves to $20M
    • Business
    Jan 16, 20231 Min Read
    BUDGET 2023: Low-income mortgage ceiling moves to $20M

    Finance Minister Dr. Ashni Singh on Monday announced that the low-income mortgage ceiling will increase to $20 million. As he…

    BUDGET 2023: Another $5B set aside to ease rising cost of living
    • Business
    • Politics
    Jan 16, 20231 Min Read
    BUDGET 2023: Another $5B set aside to ease rising cost of living

    The government acknowledges that many people are affected by a rising cost of living and as such, another $5 billion…

    BUDGET 2023: Gov’t extends reduction in fuel tax, freight charges
    • Business
    • Politics
    Jan 16, 20232 Mins Read
    BUDGET 2023: Gov’t extends reduction in fuel tax, freight charges

    As part of measures to provide continued relief to people, Finance Minister Dr. Ashni Singh announced that the government will…

    BUDGET 2023: Thousands to pay fewer taxes as income tax threshold moves to $85K
    • Business
    • Politics
    Jan 16, 20231 Min Read
    BUDGET 2023: Thousands to pay fewer taxes as income tax threshold moves to $85K

    In budget 2023, Finance Minister Dr. Ashni Singh has proposed that the income tax threshold moves to $85,000, allowing thousands…

    BUDGET 2023: Guyana’s economic growth pegged at 25.1% with 136 lifts of profit oil expected this year
    • Business
    Jan 16, 20233 Mins Read
    BUDGET 2023: Guyana’s economic growth pegged at 25.1% with 136 lifts of profit oil expected this year

    Largely supported by the oil and gas sector, Guyana’s economic resilience will continue in 2023 with real GDP is projected…

    BUDGET 2023: Almost $600M for small businesses, another $327M for new industrial estate in Linden, Essequibo  
    • Business
    Jan 16, 20232 Mins Read
    BUDGET 2023: Almost $600M for small businesses, another $327M for new industrial estate in Linden, Essequibo  

    Budget 2023 is not without allocations for continued government support for the local small business sector. And in a bid…

    BUDGET 2023: Four new call centers for Essequibo, Berbice
    • Business
    Jan 16, 20232 Mins Read
    BUDGET 2023: Four new call centers for Essequibo, Berbice

    Talks of new call centers to be set up in Guyana will come to fruition this year with the government…

    BUDGET 2023: With $4B more, GuySuCo to start construction of Albion packaging plant
    • Business
    Jan 16, 20232 Mins Read
    BUDGET 2023: With $4B more, GuySuCo to start construction of Albion packaging plant

    The government has allocated to the Guyana Sugar Corporation (GuySuCo) a subvention in the sum of $4 billion in the…

    BUDGET 2023: Economy grew by 62.3% last year
    • Business
    Jan 16, 20233 Mins Read
    BUDGET 2023: Economy grew by 62.3% last year

    The latest estimated economic growth for Guyana during 2022 shows that the economy grew by 62.3 per cent in real…

    Massy Motors customers win new vehicle, other prizes valued at $7M
    • Business
    Jan 16, 20232 Mins Read
    Massy Motors customers win new vehicle, other prizes valued at $7M

    One Massy Motors customer took home a brand new vehicle while six others won prizes worth $7 million in the…

    CNOOC Petroleum Guyana starts Medical Assistance Fund with Chinese Medical Brigade
    • Business
    • Health
    • Oil & Gas
    Jan 16, 20232 Mins Read
    CNOOC Petroleum Guyana starts Medical Assistance Fund with Chinese Medical Brigade

    CNOOC Petroleum Guyana Limited (CPGL) has started a medical assistance fund with a donation of GYD $2,000,000 on Friday to…

    Gov’t says transparent, legal process used for forest-saving payments
    • Business
    • Politics
    Jan 14, 20235 Mins Read
    Gov’t says transparent, legal process used for forest-saving payments

    See below full statement from the Ministry of Finance: The PPP/C Government has publicly stated from the very inception of…

    New vehicle parts manufacturing plant to be established in Guyana
    • Business
    Jan 14, 20233 Mins Read
    New vehicle parts manufacturing plant to be established in Guyana

    A new manufacturing/ assembly plant that will focus on the engine cooling equipment for motor vehicles will be established in…

    Budget 2023 will address ‘irritants’ and contain ‘attractive measures’ – Finance Minister
    • Business
    • Politics
    Jan 14, 20233 Mins Read
    Budget 2023 will address ‘irritants’ and contain ‘attractive measures’ – Finance Minister

    Guyana’s 2023 national budget will contain “attractive measures” to bring relief to Guyanese citizens and will focus on addressing “irritants”…

    Better roads for Leguan residents as $865M contracts inked
    • Business
    • Politics
    Jan 14, 20231 Min Read
    Better roads for Leguan residents as $865M contracts inked

    The living standards for residents of Leguan are set to be enhanced as the government invests $865M to construct concrete…

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