In the wake of reports that Chinese company Bai Shan Lin has ignored successive cease-work orders issued by the Guyana Geology & Mines Commission (GGMC) and continued to remove laterite and sand from locations at Moblissa and Bamia, Chairman of the Private Sector Commission (PSC) Ron Webster has told Stabroek Business that it is important that both local and overseas businesses be required to abide by the same investment rules.
While making it clear that he was not in possession of “reliable information” and was therefore unable to pronounce on the Bai Shan Lin issue, Webster said foreign investors and their local agents had a responsibility to ensure they follow national laws pertaining to investment in Guyana. And according to Webster, good governance must obtain in the private sector as much as in the public sector with the investment climate being characterised by high ethical standards and compliance with the law.
“What is also important is that we ensure that there is a