Guyana News

 The latest Guyana news from Stabroek News including oil and gas coverage, crime, politics, culture, business and more.

Frequent fliers to US will come on radar of new banking law

(Jamaica Gleaner) Jamaicans who frequent the United States (US) – including merchants, athletes, pilots and entertainers – should soon expect to see their income and savings above US$50,000 disclosed to that government under a measure to catch tax dodgers called the Foreign Account Tax Compliance Act (FATCA).

Act now on US banking law – head of Jamaica financial institution

(Jamaica Gleaner) The head of one major financial institution in Jamaica is urging the government delegation now meeting with International Monetary Fund (IMF) officials in Washington to use the opportunity to engage members of the Barack Obama administration in discussion on the controversial Foreign Account Tax Compliance Act (FATCA), and how it will impact local financial institutions.

Barbados, neighbours urged to ease tourism taxes

(Barbados Nation) The governments of Barbados and its regional neighbours have been severely criticized for their increasing “appetite for taxation of the tourism industry” which is biting into the sector’s earnings.

Tens of thousands protest at Norway Breivik trial

OSLO, (Reuters) – Around 40,000 people gathered in Oslo today to sing a popular children’s song ridiculed by Anders Behring Breivik, who killed 77 people last July, as a show of protest against the right-wing activist’s anti-immigrant views.

Bombs hit Nigeria newspaper in two cities

KADUNA, Nigeria,  (Reuters) – The office of Nigeria’s This Day newspaper in the northern city of Kaduna was bombed today, security sources said, the same day a bomber killed at least three people in the paper’s building in the capital Abuja.

It was a full house again in Parliament yesterday (Anjuli Persaud photo)

$2.23B cut from budget

-GINA, NCN, Gecom among affected In a ground-breaking move yesterday, the combined opposition voted against expenditures in the 2012 budget to the tune of $2.233 billion, including $1 billion from an allocation of $6 billion for the Guyana Power and Light and sums allocated to GINA and NCN in what was a boisterous session which is set to continue today when the budget comes up for a final vote.

GINA and NCN officials in Parliament yesterday. Mohammed Sattaur of NCN is third from right and Neaz Subhan of GINA is at right.

NCN will reorganize -Sattaur

Despite losing almost its entire $81M subvention to opposition cuts yesterday, CEO of the state-owned National Communications Network (NCN) Mohammed ‘Fuzzy’ Sattaur says the company will continue to fulfill its mandate of educating citizens on government’s developmental programme.

These APNU MPs were paying careful attention to the estimates yesterday

Cutting the fat cats

Photos by Anjuli Persaud You knew something big was about to happen yesterday when APNU’s Chief Whip Amna Ally, before the National Assembly reconvened, herded her MPs and told them that no “walking about” was going to be tolerated during the sitting.

File on couple in alleged sex ring to be sent to DPP

The couple, who were held for allegedly operating a prostitution ring of young girls in the Oko Backdam in Region Seven, have been released from police custody since the 72 hours that a person could be held without charge had elapsed,  Crime Chief Seelall Persaud said yesterday.

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