Guyana News

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

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
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.

City chamber outraged at abuse of roads by heavy-duty trucks

-calls for action from gov’t, police The Georgetown Chamber of Com-merce and Industry yesterday expressed its deep consternation and outrage over the inadequate management of road usage by heavy-duty trucks and the lack of action from the relevant authorities to address the continued reckless behaviour of their drivers.

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