Trinidad and Tobago News Blog
www.trinidadandtobagonews.com/blog
In a press release today, Central Bank Governor Ewart Williams has announced that the Central Bank and the Ministry of Finance intend to take control of Colonial Life Insurance Company (CLICO), Clico Investment Bank (CIB) and Caribbean Money Market Brokers (CMMB).
Full text of the statement made by Central Bank Governor Ewart Williams at a press conference today:
Continue reading ‘Government to Bailout CLICO’
By Pierre Small
January 30, 2009
Tobago’s tourism on brink of collapse: In light of all the latest developments internationally on the economic and tourism front, coupled with bad strategic planning from Trinidad’s Ministry Of Tourism and the Tourism Development Company, it appears imminent that Tobago’s tourism sector is heading for a collapse. With Tobago’s hotel occupancy rate now at 30%, and this is the peak of their tourism season, there is cause for severe alarm. Unless the financial stability of Tobago’s hotel owners and the tourism industry is as guaranteed as death, Tobagonians are headed for very hard times that will result in an uncomfortable pattern of lifestyle changes.
Continue reading ‘Tobago’s tourism on brink of collapse’
Food and Fuel Forum
43 Fifth St., Barataria, Trinidad and Tobago
January 23, 2003
The handing over of prime Caroni lands to selected companies certainly raises cause for concern about the government’s agricultural policy and who benefits from it.
Small farmers all over the country have been fighting for thirty, forty and even fifty years for security of tenure. It is the most crucial issue facing farmers today and is the main obstacle in farmers’ effort to produce abundant food for the nation.
Continue reading ‘Farmers Must Defend Their Living’
By Stephen Kangal
January 27, 2009
It is imperative on the Manning Administration having regard to the current global financial and economic meltdown that is ravaging all Latin American economies to appreciate that it cannot spend over $2bn to provide an April platform for the conduct of hemispheric multilateral diplomacy as if it is business as usual. Since May 2008 when the T&T Concept Paper detailing the agenda of the Fifth POS Summit of the Americas was accepted, the economic, social and trading conditions in the 34- membership of the OAS including in the USA and the Summit Host, T&T, have deteriorated radically. Latin America is not the same today.
Continue reading ‘Postpone the Fifth Summit of the Americas’
January 24, 2009
HDC clears Rowley
In a written submission filed on Wednesday afternoon with the Uff Commission of Inquiry into Udecott and the construction sector, the HDC effectively cleared former planning and development minister Dr Keith Rowley of any wrongdoing in the Cleaver Heights project by attributing apparent million-dollar discrepancies, in the contract total for the project, to “{two errors” contained in a letter of award drawn up by the HDC and addressed to the project contractor, NH International Limited.
Continue reading ‘‘Udecott bigger than Cabinet’’
Tuesday, January 27 2009
TSTT has advised that it is currently experiencing fluctuations in the throughput of Internet traffic from one of its overseas third party suppliers.
In a statement yesterday, TSTT said it was closely monitoring traffic levels and was actively re-routing traffic as needed. However, some customers, TSTT said, may experience intermittent delays when downloading or uploading data.
TSTT said it will continue to monitor the situation to ensure systems are returned to normal operating levels within the shortest possible time frame and will advise customers as soon as more information is available.
http://www.newsday.co.tt/news/0,94056.html
By Raffique Shah
January 25, 2009
IT was an emotional moment, watching Barack Hussein Obama take the oath of office as the 44th President of the United States of America. While hundreds of millions around the world must have experienced joy on seeing the first non-white take that historic leap for “Black man”, for people of my generation and those older than us, the emotions were different. Joy, yes. But that was a miniscule part of the memories that filled our minds as we watched the swearing-in, barely able to hold back the tears welling up in our eyes.
Continue reading ‘The journey to Obama’s ascendancy’
By Leslie
January 20, 2009
africaspeaks.com
Today, Tuesday 20th January, 2009, Barack Obama officially becomes the President of the United States of America. While there is much elation about this occasion, especially as the Bush era was marked by atrocities and war crimes, Obama has not mapped out a clear path for the change that he constantly spoke about on the campaign trail. However, Obama did express some views on several key issues recently and we can gauge those to see if he is really about meaningful change.
Continue reading ‘President Barack Obama: Change…What Change?’
By Dr. Kwame Nantambu
January 20, 2009
Updated: January 21, 2009
For the past five hundred years, the world has been under the sway of what Dr. Ivan Van Sertima has called the “five hundred year curtain.”
This European foreign policy curtain has manifested itself in the 1655 Britain’s global master-plan/code-word under the rubric of the “Great Western Design” as enunciated by Oliver Cromwell.
Continue reading ‘Geo-political aspects of Obama’s presidency’
By Raffique Shah
January 18, 2009
THERE was a time when the moment things turned sour in this country, those who could afford it would simply flee to the USA, Canada or Europe. That happened mainly among professionals who were educated here at taxpayers’ expense, entrepreneurs who rose from running one-door shops to the multi-million-dollar enterprises. The one aberration to this pattern occurred in the late 1980s, when thousands of ordinary people, mainly Indians, fled to Canada as refugees, claiming they were oppressed by an African-dominated state machinery.
Continue reading ‘Rally, rally ’round T&T’
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