Tag Archives: basic operational costs

Bailout for GuySuCo to keep sugar factories operational

Bailout for GuySuCo to keep sugar factories operational

Friday, 05 June 2015 16:12 – Written by 

Undisclosed bailout for Guysuco

However, a well-placed source told Demerara Waves Online News on condition of anonymity that the money is far below the GUY$16 billion that has been requested by the company. Instead, the amount is expected to cover basic operational costs such as salaries and keep the factories grinding.

The source said the comparatively small amount of cash is expected to last Guysuco until the 2015 Budget is tabled and approved by the National Assembly.   Continue reading

%d bloggers like this: