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FM
Former Member

Fate of "insolvent" Guysuco

to be known later this month

  • Friday, 02 October 2015 10:30

Chairman of the Guysuco Commission of Inquiry, Vibert Parvattan. Chairman of the Guysuco Commission of Inquiry, Vibert Parvattan.

 

The Chairman of the Commission of Inquiry
into the state and future of
the bankrupt of Guyana Sugar Corporation (Guysuco)
says the probe team is trying to find the best option for the industry.
Mr. Vibert Parvattan says the final report will be presented
to the Minister of Agriculture on October 17, 2015.

He declined to divulge whether or not
all of the estates will be retained.

Mr. Vibert Parvattan says the Sub-committees' reports
were submitted this week
and each is being placed before the commission
for presentations and discussions.

He said next week the final report would be finalised.
"We are trying to find a path that will be
in the interest of the industry and Guyanese," he said.
 

Parvattan said several proposals
could not be recommended
because they are impracticable.

The Commission of Inquiry
lamented the state of the industry
whose production had peaked to about 300,000 tons
in the 1970s to the early 2000s.

"It is no secret that
Guysuco is in a very very critical situation," he said.
 
Parvattan said Guysuco was currently finding it hard
to produce 220,000 tons annually.

Guysuco currently
produces sugar at 45 US cents per pound
compared 13 US cents per pound.

He said every estate is operating at a loss.
 
Last year the corporation's loss climbed to GUY$17 billion.

Replies sorted oldest to newest

LFSB knew how run  Guyana and left it broke did you ever call PNC a Bastard, you don't fit in the Unity
Drive

If only these bastards had some experience running a cake shop before taking office! Most were more experienced morgie choors than  anything else no wonder they could not help stealing from the nations till.

 

FM
Originally Posted by Jimmer:
LFSB knew how run  Guyana and left it broke did you ever call PNC a Bastard, you don't fit in the Unity
Drive

If only these bastards had some experience running a cake shop before taking office! Most were more experienced morgie choors than  anything else no wonder they could not help stealing from the nations till.

 

First, please follow the protocol and append your reply at the bottom. The editor functions best if you do that.

 

And yes, I have called the PNC bastards most of my time here. I even am renown of promising to piss on the kabaka's grave first chance I get. But that is besides the point.

 

The PPP contingency had the example of the past of what not to do and proceeded to out do burnham everywhere. That is the sad part.

FM
Originally Posted by Jimmer:
LFSB knew how run  Guyana and left it broke did you ever call PNC a Bastard, you don't fit in the Unity
Drive

If only these bastards had some experience running a cake shop before taking office! Most were more experienced morgie choors than  anything else no wonder they could not help stealing from the nations till.

 

Jimmer Gee

LFSB knew how run  Guyana
 
Under Burnham Guyana Annual Sugar Production
 
Peaked ...to Over 300,000 Tons in the 70"s
 
 
And that is with all the
Old Run Down Bookers Factories
(No $200+ Million US......Skeldon Factory)
 
Burnham was Producing Sugar @ 13 US Cents/lb
Jagdeo & Ramotar produce Sugar @ 41 Cents/lb
and left it broke
did you ever call PNC a Bastard,
you don't fit in the Unity Drive
 
XXXXXXXXXX
 
 
Jagdeo & Ramotar
Left the Sugar Industry Bankrupt
Jagdeo & Ramotar
produce Sugar @ 41 Cents/lb
Under...Jagdeo & Ramotar
every Sugar estate
is operating at a loss.
FM
Last edited by Former Member
Originally Posted by Jalil:
Originally Posted by Jimmer:
LFSB knew how run  Guyana and left it broke did you ever call PNC a Bastard, you don't fit in the Unity
Drive

If only these bastards had some experience running a cake shop before taking office! Most were more experienced morgie choors than  anything else no wonder they could not help stealing from the nations till.

 

Jimmer Gee

LFSB knew how run  Guyana
 
Under Burnham Guyana Annual Sugar Production
 
Peaked ...to Over 300,000 Tons in the 70"s
 
 
And that is with all the
Old Run Down Bookers Factories
(No $200+ Million US......Skeldon Factory)
 
Burnham was Producing Sugar @ 13 US Cents/lb
Jagdeo & Ramotar produce Sugar @ 41 Cents/lb
and left it broke
did you ever call PNC a Bastard,
you don't fit in the Unity Drive
 
XXXXXXXXXX
 
 
Jagdeo & Ramotar
Left the Sugar Industry Bankrupt
Jagdeo & Ramotar
produce Sugar @ 41 Cents/lb
Under...Jagdeo & Ramotar
every Sugar estate
is operating at a loss.

You foolish....that statement is not true

V

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