Gift or gimmick

By Rawle Lucas On In Business |
The LSI remained unchanged from last week despite trading of the stocks of three companies, Banks DIH (DIH), Demerara Bank Limited (DBL) and Demerara Tobacco Company (DTC). None of the traded stocks recorded a change in value. As a result, the index remained at less than five percentage points higher than the risk-free Treasuries due to mature in December 2011.
The LSI remained unchanged from last week despite trading of the stocks of three companies, Banks DIH (DIH), Demerara Bank Limited (DBL) and Demerara Tobacco Company (DTC). None of the traded stocks recorded a change in value. As a result, the index remained at less than five percentage points higher than the risk-free Treasuries due to mature in December 2011.

Exemption

Everyone likes to receive good news and Guyanese might believe that they got some in the 2011 budget.  It might be recalled that the administration made several disclosures about taxes in the budget speech delivered a few months ago by the Minister of Finance.  Not all of the tax news was about the business community.  In addition to lowering the corporate and company tax rates, individual Guyanese were offered something in the tax package as well.  The administration announced an increase in the amount of personal income that would be exempted from the imposition of taxes.  The monthly tax exemption threshold was raised from G$35,000 to G$40,000.  On the face of it,