The Guyana Sugar Cor-poration is requesting a whopping $16b to stay afloat otherwise the state-owned corporation is facing an industry-wide shutdown come Sunday.
Stabroek News was informed that GuySuCo’s Chief Executive Officer, Dr Rajendra Singh was tasked with providing a comprehensive breakdown of the money required to stave off an industry shutdown. This followed his bombshell announcement to the sugar unions on Monday of the imminent closure of the industry if money was not found, in what has become a major problem for the days-old APNU+AFC administration.
Agriculture Minister Noel Holder confirmed to Stabroek News that he met with Singh yesterday and today the CEO is to provide him with an industry-wide plan. Holder said that “Mr Singh and I had a discussion, we think we have charted a way forward…he has to