Govt could lose $1B in revenue this year as cigarette smuggling surges – DEMTOCO

Guyana Times

Govt could lose $1B in revenue this year as cigarette smuggling surges – DEMTOCO

…announces $2.27B in after-tax profit for 2023 DEMTOCO Managing Director Vijay Singh With cigarette smuggling at an all-time high in Guyana, the Demerara Tobacco Company (DEMTOCO) Limited has estimated that the country could lose as much as $1 billion in revenue from the illicit trade this year. DEMOTOCO held its 90th Annual General Meeting on Friday at the Marriott Hotel in Georgetown, where Managing Director Vijay Singh shared the company’s 20…