Tag Archives: New GPC

GUYANA – Latest News from various sources – December 07, 2015

GUYANA – LATEST NEWS – 07 December 2015  –  Kaieteur News  

         (see other News sources at the end of this entry)

GUYANA – LATEST NEWS – 24 October 2015 – – Kaieteur News

GUYANA – LATEST NEWS – 24 October 2015  – – Kaieteur News 

(see other News sources at the end of this entry)

Government to slash free-for-all concessions – President Granger

OCTOBER 24, 2015 | FILED UNDER NEWS  —  Billions of dollars in tax waivers granted annually by the previous administration to largely businesses and others were highly unsustainable for the country. It will not continue in such an uncontrolled manner under the current government, promises President David Granger. Granger said that the $63B in tax waivers quoted in the report of the Auditor […]

New GPC still to deliver on four-year-old drug contract

OCTOBER 24, 2015 | FILED UNDER NEWS – New Guyana Pharmaceutical Corporation (GPC), the previous administration’s largest supplier of drugs and medical supplies, was still benefiting from large contracts, mere days before the administration’s last financial year came to an end. This information was laid bare in the audited accounts of Government’s expenditure. The accounts were tabled in the National Assembly on Thursday […]

… See more article links below ……     Continue reading

Government instructs Brassington to explain all NICIL-funded Projects

Government instructs Brassington to explain all NICIL-funded Projects

SEPTEMBER 20, 2015 | BY | By Kiana Wilburg

NICIL CEO, Winston Brassington

For years, the National Industrial and Commercial Investments Limited (NICIL) has been touted to be a parallel treasury in the country. It was used by the former administration to invest millions of taxpayers’ dollars into highly risky development projects.

NICIL reportedly also spent tens of millions of dollars to build roads, drainage and culverts, and to lay pipelines and in some cases, underground power cables. The developed house lots, complete with infrastructure, were then sold to former President Bharrat Jagdeo, several ministers and Government officials and friends.

With a new board and Chairman in place, the government has instructed the company’s Chief Executive Officer, Winston Brassington, to explain NICIL’s investments into all projects over the years.   Continue reading

NEW GPC and Hand-In-Hand own 50% of Berbice Bridge

Jagdeo 2015 pix

Former President Bharrat Jagdeo

 NEW GPC and Hand-In-Hand own 50% of Berbice Bridge

AUGUST 31, 2015 | BY | By Kiana Wilburg

– Contractual agreements allow providers of 5% of capital to control the bridge and receive 23% annual return

The saga of the Berbice River Bridge Company Inc. continues to reveal even more interesting details as Kaieteur News understands from experts very close to the Bridge that the current contractual arrangements allow for two entities to control 50 percent of the company: The NEW GPC and Hand In Hand Trust Corporation.

New GPC, a company owned by Dr. Ranjisinghi ‘Bobby’ Ramroop has close relations to former President Bharrat Jagdeo and, according to an article on chrisram.net some time ago, that company has two Directors on the Board. Continue reading

New GPC, others face scrutiny as forensic audit into drugs procurement begins

New GPC, others face scrutiny as forensic audit into drugs procurement begins

JULY 13, 2015 | BY KNEWS |– says Junior Finance Minister Jaipaul Sharma

New GPC

New GPC

Junior Finance Minister Jaipaul Sharma disclosed that his team of auditors is already one week into the forensic audit launched into the Ministry of Health and the Georgetown Public Hospital to once and for all settle the decade old controversy over the procurement of drugs and pharmaceuticals.

This has come as good news for some legal and financial minds, who believe that the move is long overdue.
Prime Minister, Moses Nagamootoo in a brief interview, noted that the forensic audit into the GPHC will see an investigation into past procurement, expired drugs and those companies that are part of the “procurement gravy train including New GPC.”
This company is owned by Dr. Bobby Ramroop, who has close ties to former President Bharrat Jagdeo.  Continue reading