Category Archives: Business

Business, Finance, General T&T, People's Partnership, Politics, Protest

Wage Rage

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Newsday Editorial
October 28 2010 – newsday.co.tt

President of the PSA Watson DukeANY responsible person is likely to be torn in his sentiment towards the wage talks between the Government and the Public Services Association (PSA) for members of the Public Service.

On one hand the Government’s offer of 0-0-1 percent for the past three years respectively is quite startling, alarming and really impractical for workers who have seen no freeze in the prices they daily face over the same three-year period.
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Business, Finance, General T&T, People's Partnership, Politics, Protest

Clico Policyholders: Pay Us 40% Upfront

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By Lara Pickford-Gordon
October 25 2010 – newsday.co.tt

CLICO BailoutClico policyholders want 40 percent of their investment in the Colonial Life Insurance Company Ltd “up front” and the balance paid off in government bonds. Persons who wish to liquidate their bonds should be free to do so and there will be no “middle man.”

This proposal has been put to the Government and was yesterday endorsed by scores of policyholders attending a meeting at Woodford Square, Port-of-Spain to get an update on negotiations between their representatives and the government inter-ministerial team headed by Agriculture Minister Vasant Bharath.
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Business, Complaints, corruption, General T&T, Law, People's Partnership, Politics

PM orders review of $47M airports contract

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By Corey Connelly
October 10 2010 – newsday.co.tt

Jack WarnerPrime Minister Kamla Persad-Bissessar last evening signalled her Government’s intention to review the $47 million public contract awarded to a Central company for lighting projects at the Piarco International Airport.
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Business, Complaints, Finance, General T&T, Law, Politics

Truly a national insurance ‘scheme’

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By Raffique Shah
October 10, 2010

CLICO BailoutNOT surprisingly, many Clico and CIB depositors were not excited over my column of last week. I thought I was being generous to those whose savings now seem to be “jumping up in steelband”. I referred to them as thrifty people. And I, too, would be ticked off if my savings, as small as they are, were threatened through the manipulations of corporate bandits.
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Business, Finance, General T&T, Law, Parliament, People's Partnership, Politics

PM’s statement on Clico

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Prime Minister Kamla Persad-BissessarPRIME MINISTER Kamla Persad-Bisssessar announced that Government will establish a commission of inquiry to find who and what were responsible for the fiasco at CL Financial subsidiaries Clico, British American and Clico Investment Bank. Below is the Prime Minister’s full statement in the House of Representatives on Friday:
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Business, Finance, General T&T, Law, People's Partnership, PNM, Politics, Protest

Financial advice from ‘Layman Brother’

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By Raffique Shah
October 03, 2010

TrinidadiansI HAVE never seen a million dollars in my life. The only time I gaped at big money—was it US$20 million?—was when the then high-flying “Sir” Allen Stanford stormed the hallowed Lord’s cricket ground in London, bearing 20-20 prize money in what appeared to be a huge casket. Most appropriate, in hindsight, since shortly thereafter “Sir Allen” ended up in leg-irons in some US jail that may yet prove to be his final resting place.
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Business, Drug Trade, Finance, General T&T, International, Media, People's Partnership, PNM, Politics, Security

Govt to get OPV $B refund

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Scarborough CG 51 vessel at BAE Systems' shipyard on the Clyde River in Glasgow, Scotland
Scarborough CG 51 vessel at BAE Systems' shipyard
on the Clyde River in Glasgow, Scotland
By Nalinee Seelal
September 30, 2010 – newsday.co.tt

PRIME MINISTER Kamla Persad-Bissessar yesterday confirmed Government has cancelled a deal with a Scotland-based shipbuilding company BAE Systems for the acquisition of three off-shore patrol vessels, ordered by the then PNM government at a cost of TT$1.5 billion.
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Business, Finance, General T&T, Law, Parliament, People's Partnership, PNM, Politics, Protest

NOT A PENNY MORE!

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By Michael Harris
September 27, 2010

CLICO BailoutOne of the things which I tried to do as a parent was to inculcate in my son the knowledge that to be an adult meant being prepared to accept responsibility for the consequences of one’s actions. This, after all, is one key thing which separates adulthood from childhood. When you are a child it is assumed that you cannot be held entirely responsible for your actions and your parents or guardians are assumed to accept that responsibility in your stead. When you become an adult the responsibility is all yours.
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Business, Finance, General T&T, People's Partnership, Politics

Pre-Conditions of Value-For-Money Diplomacy

By Stephen Kangal
September 26, 2010

Stephen KangalDuring his sprited Budget response to the opening salvo statement made by the Leader of the Opposition, the Honourable Keith Rowley, Foreign Minister the Hon. Dr. Suruj Rambachan posited emphatically that the Partnership Government has as its pivotal and overriding mission the conduct and achievement of what he termed value-for-money diplomacy (VMD). That new modus operandi /paradigm shift in our traditional foreign policy configuration, if it is to be seriously configured and undertaken, must be commended.
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Business, Complaints, Finance, General T&T, People's Partnership, Politics

Rapid rail and productivity

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Rapid Rail
Rapid Rail
By George Alleyne
September 15, 2010 – newsday.co.tt

The decision by the People’s Partnership Government not to proceed with the rapid rail project will result, if implemented, in the continued overcrowding of the nation’s roads and loss of productivity in the work place and the classrooms.
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