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Tag Archives: loss-making

Opposition calls for new inquiry into loss-making, multi-billion dollar subsidised GuySuCo; corporation remains silent

Even as the state-owned Guyana Sugar Corporation (GuySuCo) on Monday continued its one-week long silence on its unprecedented dismal sugar output, the opposition assailed the government for pumping billions of dollars into the ailing loss-making industry and called for a new Commission of Inquiry aimed at finding a solution. The corporation’s Chief Executive Officer, Paul Cheong, who is an executive ...

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