Sentinel

GuySuCo Project Gold Sugar Packaging Facility, Enmore

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Guyana Sugar (GuySuCo), the government-owned sugar company, inaugurated its packaging facility in Enmore in East Demerara, Guyana, in May 2011. Guyana Sugar (GuySuCo), the government-owned sugar company, inaugurated its packaging facility in Enmore in East Demerara, Guyana, in May 2011.”Financing for Project Gold came through a grant from the European Commission.” The new plant has … Read more

President Jagdeo avoids answering the BBC’s questions about corruption

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On 4 December 2009, Guyana’s President, Bharrat Jagdeo, was interviewed on the BBC programme “Hard Talk“. At one stage, the presenter, Zeinab Badawi, asks Jagdeo about REDD. What Jagdeo doesn’t say in response is more interesting than what he does say. He doesn’t mention the logging companies already logging Guyana’s forests. He doesn’t mention mining. … Read more

Sanata complex deal…Tax holidays not yet granted by GRA

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Law contains deficiencies, inaccuracies, not exhaustive enough – Finance Ministry Government says that the legislation regarding tax holidays and concessions contain a number of obvious deficiencies and various inaccuracies and omissions. This is according to a release from the Ministry of Finance which sought to clarify the recent controversy surrounding the tax holidays and tax … Read more

Investors for Sanata Textiles deal get…Five-year tax hoildays, customs waivers, duty-free concessions

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The concessions granted to the investors of the Sanata Textiles complex are according to law and in keeping with what is offered to any new project, Government said yesterday. During a press conference at the studios of the National Communications Network (NCN) to clear the air over the Sanata deal, Head of the Guyana Office … Read more

Judicial system “ineffective, overwhelmed” – IDB

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The Inter-American Development Bank says the weak enforcement of property rights and contracts which the private sector confronts is more likely the result of an “ineffective and overwhelmed” judicial system than inappropriate laws governing commercial activities and contract enforcement.“Decisions are too often neither prompt nor transparent and often appear to be based on questionable jurisprudence,” … Read more

Co-op credit union soliciting deposits from the public – Refuses to divulge names on committee of management

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Questions are mounting over the operations of a cooperative financial institution, established in March, soliciting deposits from the public but not falling under the supervision of the Bank of Guyana to ensure the safety of members’ deposits.The National Cooperative Credit Union and Trust Limited (NCCUTL), the first national cooperative society with scope over the entire … Read more