Vice President Bharrat Jagdeo has placed foreign companies on notice that government is working assiduously to remove bottlenecks and close loopholes in the local content legislation that are being used to “beat the system”.
Speaking at a press conference two Fridays ago, the Vice President underscored that by removing the ‘beat the system’, lengthy wait times for payments to local companies and fronting by some international companies will come to end. Addressing the issue which has been plaguing the sector, Jagdeo said regulators have identified several ways international companies have not been fully adhering to the newly introduced legislation.
