The Board of Directors of the Guyana National Newspapers Limited (GNNL) has reported that the company faces serious financial and professional challenges. Over $6B is being claimed in lawsuits that were filed against the company for matters relating to publications under the APNU+AFC Government. These lawsuits all relate to irresponsible reporting, reckless and careless directions from the former Board members, General Manager and Editor-in-Chief. In addition to the large sums that are being sought, the company is also faced with the additional burden of the cost associated with having secured legal representation in these matters. To compound matters, as of August 2, 2020, the GNNL was in a financial deficit with no operating cash flow to meet immediate needs. From August to the time of this release, the new management team and Board of Directors have started to put cost-recovery measures in place that will hopefully soon realise self-sufficiency. The Editorial team is also being evaluated and changed to restore professionalism in the GNNL and pride in its service to the people of Guyana....
Business
Forty-four passengers on Tuesday disembarked the first scheduled commercial flight at the Cheddi Jagan International Airport (CJIA), seven months after...
Minister of Agriculture, Hon. Zulfikar Mustapha says businesses are already planning to capitalise on the removal of value-added tax (VAT)...
Director of the Guyana Tourism Authority (GTA) Ms. Carla James says the agency welcomes the reopening of the international airports...
Companies have begun expressing interest in providing various telecommunications services to Guyanese, mere days after the Government announced the liberalisation...
His Excellency Dr. Mohamed Irfaan Ali has said the $30 million allocated in the 2020 Emergency Budget for the rehabilitation...
Over $500 million will be injected into the economy of Pomeroon-Supenaam (Region Two) with the distribution of the $25,000 per...
The Ministry of Labour is looking into amending laws to impose steeper fines and custodial sentences, particularly for major organisations...
-Tells delegation Guyana is open for investment- Prime Minister Brigadier (ret’d) Mark Phillips, today, held fruitful talks with French Ambassador,...
Minister of Agriculture, Hon. Zulfikar Mustapha says the Government plans to channel immense effort towards expanding the coconut industry as...
