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Daily Archives: December 7, 2017

Major UK firm to valuate Guysuco’s assets up for sale

The United Kingdom-headquartered auditing and financial services company, PricewaterhouseCoopers (PwC), has been selected to conduct a valuation of assets of the state-owned Guyana Sugar Corporation (Guysuco). The announcement was made Thursday by the Special Purpose Unit (SPU) under the National Industrial & Commercial Investments Limited (NICIL), Thursday announced that PricewaterhouseCoopers (PwC) has been selected by the SPU. The international financial services provider ...

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AFC says severance pay for sugar workers not sufficient

As details emerge in the National Assembly about plans to pay severance to sacked sugar workers and lease them land, the Alliance For Change (AFC) Thursday night called for much more than that. “The AFC looks forward to an amicable resolution to this issue, but insists that as the Yuletide season is upon us, workers must not be adversely affected ...

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Guyana, US, Caribbean on watch for radicalized persons, return of ISIS fighters

Guyana and other Caribbean countries are continuing to watch out for radical extremists and persons who have returned to the Western Hemisphere after serving as combatants with the Islamic State (ISIS), top local and American military officials said. Head of the United States (US) Army’s Southern Command (SOUTHCOM), Admiral Kurt Tidd told a media round-table at the Marriott Hotel at ...

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“Huge chunk” of money budgeted for laid off Guysuco workers

Minister of State, Joseph Harmon on Thursday announced that a “huge chunk” of money has been set aside in the 2018 National Budget to pay severance to thousands of workers of the state-owned Guyana Sugar Corporation (Guysuco). He made the announcement during the penultimate day of budget debate before the 65-member National Assembly considers the proposed expenditures next week. “In ...

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