Guyana News

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

Exxon distances self from inflated declaration

-says typographical error was made -both companies set for court on GRA summons ExxonMobil yesterday distanced itself from the huge inflation of an invoice detected by the GRA and pointed to its former broker which it did not name and both are set to appear in court next week over the matter.

Vijay Singh
Vijay Singh

DEMTOCO announces after-tax profit of $2.27 billion

-warns of significant losses due to smuggling The Demerara Tobacco Company Limited (DEMTOCO) has announced an after-tax profit of $2.27 billion for 2023 while noting a “significant” rise in cigarette smuggling which it estimates could cost the local economy some $1 billion annually.

 Gail Teixeira

Teixeira defends performance of PAC

-in wake of over 40 meetings being cancelled because of absence of gov’t MPs Minister of Parliamentary Affairs and Governance, Gail Teixeira yesterday defended the performance of the Public Accounts Committee (PAC)  and argued that while government agencies are being reviewed and are guided by the Auditor General’s reports for the period under which the APNU+AFC was in office, attention must be paid to the number of violations committed.

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