Archive for the 'Finance' Category

Patriots built bank

By Raffique Shah
April 06, 2014

Raffique ShahThe cavalier manner in which certain senior officials at First Citizens responded to the legitimate concerns of citizens over aspects of the bank’s Initial Public Offering (IPO) exposed them as not knowing their own history, or caring about public trust that is critical to the success and survival of such institutions.
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There’s is No Solace in the Land and Building Taxes Regime

By Stephen Kangal
September 11, 2013

Stephen KangalThe heart and soul, indeed the single most important determining factor in the calculation of the quantum of property taxation for each property is the year in which the requisite rental value -driven valuation was completed and applied. Finance Minister Larry Howai alluded to the fact that by the time residential properties are brought to book again by 2017 the relevant requisite up-to-date valuations will have been completed.
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Yes, Prime Minister, a fiasco

By Winford James
June 12, 2013 – trinidadexpress.com

Dr. Winford jamesNEVER mind Jack Warner’s denial, Prime Minister, it is a fiasco. Warner is focused on the rest of the Cabinet blaming him for it, despite acknowledging, in his usual convenient way, the doctrine of cabinet responsibility, but that is a red herring: it is still a fiasco. You could have said “bacchanal’’, “disaster’’, “catastrophe’’, “debacle’’, “shambles’’, “farce’’, “mess’’, “foul-up’’, or “screw-up’’. Yes, “screw-up’’. Everybody knows your government has been screwing up—monthly, weekly—but I’ll take the Italian word and its conservative figurative meaning: “failure in a performance’’.
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Cut CAL to the bone

By Raffique Shah
May 18, 2013

Raffique ShahIF ANYONE can produce proof that there was a time when this country’s state-owned national airline, in whatever incarnation, made a real profit over a sustained period, meaning at least one year, I would surrender my sanity and vote in the next election. I feel safely insulated from having to do something so unpalatable because I know that in the post-Independence history of BWIA, now CAL, taxpayers who may have never travelled on an aircraft have paid dearly to keep the airline afloat. In the process, they have funded generations of joy riders who are stricken with a stratospheric strain of “gas brains”, and affliction I call “plane brains”.
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Sir Anthony knocks DPP

By Andre Bagoo
December 06, 2012 – newsday.co.tt

Director of Public Prosecutions Roger GaspardSIR ANTHONY Colman, chairman of the Commission of Inquiry into the collapse of Clico has described Director of Public Prosecutions (DPP) Roger Gaspard’s application to halt the inquiry or make it private as being “misconceived”, but said it is ultimately up to the Government to decide whether the inquiry should continue in light of a purported start of a police probe.
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$58B Budget, TT’s Largest Ever

Finance and Economy Minister Larry Howai
Finance and Economy Minister Larry Howai

By Clint Chan Tack
October 02, 2012 – newsday.co.tt

Finance Minister Larry Howai on the front page of NewsdayPEOPLE who drive vehicles fueled by premium gasolene will pay higher prices at the pump from today. A wide range of hefty tax increases was imposed on the local gaming industry as of yesterday and land and building taxes will return.

However orphans, retirees, special reserve police officers and persons involved in home construction are just some groups in society who will benefit from the country’s largest ever budget which Finance and Economy Minister Larry Howai presented in the House of Representatives yesterday.
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Tell me something good

By Raffique Shah
September 29, 2012

Raffique ShahI WAS privileged to have known and spent some invaluable time with one of this country’s great thinkers, CLR James. He was in his winter years, mostly lying in bed, but his mind remained razor-sharp. A conversation with “Nello”, as he was fondly called, was worth several high-level lectures at any university, so I extracted the most I could from him during what would be his final sojourn in the land of his birth. Today, I remember him more for his wit than his wisdom.
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ISH, STEVE ‘CUT DOWN’

By Andre Bagoo
September 13, 2012 – newsday.co.tt

Ishwar Galbaransingh and Steve FergusonPRIME Minister Kamla Persad-Bissessar issued directions to Attorney General Anand Ramlogan to table last-minute amendments to bolster legislation designed to shield the State from the legal fallout of its decision to abruptly repeal Section 34 of the Administration of Justice Act, it was revealed yesterday.
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SCANDALOUS

By Andre Bagoo
September 12, 2012 – newsday.co.tt

Ishwar Galbaransingh and Steve FergusonTHE PARLIAMENT sits today to urgently pass legislation to repeal a section of a new law, after the Government’s decision to proclaim the law opened the door to a wave of applications to the Supreme Court which could see businessmen Ishwar Galbaransingh and Steve Ferguson, as well as several others accused in the Piarco corruption inquiries, walk free without trial.
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Blind man claims discrimination by San Fernando bank

By Radhica Sookraj
August 10, 2012 – guardian.co.tt

David La Caille, of PleasantvilleA blind worker is calling for an investigation into alleged discrimination at T&T’s state-owned First Citizens Bank (FCB) claiming he was denied a bank card because of his disability. David La Caille, of Pleasantville, said he was amazed at the discourteous service meted out to him when he went to FCB’s High Street, San Fernando Branch to open a savings account on Tuesday.
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