US invests US$850,000 more into Guyana’s criminal justice system
The U.S. Embassy, through its Department of State’s Bureau of International Narcotics and Law Enforcement (INL), recently agreed to extend its financial support for...
Bristow close to declaring bankruptcy, under investigation
The impending declaration of bankruptcy from the Bristow Group – Exxon's helicopter service provider – is already drawing attention on the international aviation stage...
Debt increase nothing to worry about, will decline this year-Finance Minister
The Government’s End of Year Outcome Statement for last year indicates that the nation’s stock of public debt amounted to US$1.7B. While this may...
Govt.’s expenditure for 2018 was $6B less than it projected – Report
The Government’s total expenditure for 2018 amounted to $254.8 billion in 2018 and, according to the Finance Ministry’s End of Year Outcome Statement 2018,...
Money transfer Agencies being exploited by Money Launderers – FIU
The Financial Intelligence Unit (FIU) has found that many of the Money Transfer Agencies (MTAs) in Guyana are being used as conduits for laundering...
Kuwait cancels US$50M Guyana debt
Guyana's external debt is now US$50M lower. Following the signing of a Bilateral Debt Settlement Agreement between Finance Minister, Winston Jordan, and the state...
$89B in investments for Go-Invest in 2018
The activities of the Guyana Office for Investment (GO-lnvest) in 2018 generated investments worth a total of $89.4 Billion last year. This was revealed...
Reporting entities must closely monitor relations with Korea, Iran
Deeming Korea and Iran to be "high risk jurisdictions", the Financial Intelligence Unit (FIU) has urged all reporting entities to closely monitor relations with the...
Pritipaul Singh Investments nets $246M VAT Refund settlement with GRA
Pritipaul Singh Investments recently netted a whopping $246M in a Value Added Tax (VAT) refunds case settlement with the Guyana Revenue Authority (GRA).
The matter...
Guyana can use Que$tor software to test reasonableness of companies’ cost estimates-Oxfam Director
Testing the reasonableness of an oil company’s cost estimates has been quite a challenge for oil producing nations. But Oxfam Director, Ian Gary, thinks...
