The Guyana Forestry Commission (GFC) has no knowledge of a proposed US$500 million agricultural and forestry investment by the Malaysian syndicate, Wee Boon Ping Group of Companies.
When contacted a senior official of the GFC said that the commission had no knowledge of the investment and it was done through the Ministry of Agriculture and Go-Invest. Stabroek News had reported earlier that Bornion Guyana Inc (BGI) – the local subsidiary of the Wee Boon Ping Group of Companies – had begun the first phase of what it envisions will eventually be a US$500 million investment in Guyana’s agricultural and forestry sectors covering oil palm, rubber and soya, among other crops.
Minister of Agriculture Dr Leslie Ramsammy had told Stabroek News that BGI has been allocated 10,000 acres in the