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Republic Bank to submit plan
Posted: Monday, May 6, 2024
Republic Bank to submit plan to save NiQuan
"As at the date of this letter, the STNI covers debt owed by NiQuan to the noteholders in the amount of US$175,000,000."
The bank's attorney Jonathan Walker admitted NiQuan has faced "substantial operational challenges" and had defaulted on its obligations under the STNI.
He said a steering committee was established to consider the issues NiQuan faces and consider options to safeguard the noteholders' interests "which includes options for the rehabilitation of NiQuan."
Journalists: Government officials need to 'be more open'
This was the common challenge journalists said inhibited their ability to properly perform their mandate to keep the public informed and act as their mouthpiece, in light of World Press Freedom Day celebrations on May 3.
Fire, explosions close Macqueripe
Bathers were evacuated from the Macqueripe Beach, and roads were closed after a loud explosion and spreading fire were reported to the police and fire officers yesterday evening.
Bush fire forces temporary closure of Tucker Valley/Macqueripe Road
CoP condemns Cocorite shooting; convenes high-powered meeting
In response to the incident, CoP Harewood-Christopher immediately summoned a high-powered meeting comprising the Deputy Commissioners of Operations and Intelligence and Investigations, the ACP Criminal Division, the Head of the Homicide Bureau of Investigations, the Head of the Special Investigations Unit and heads of several other Operational Units.
The team currently is visiting the scene.
4 dead, eight wounded in Cocorite 'bloodbath'
Body found in Mt St George, Tobago, identified
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