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NIF records $2b loss for 2023
Posted: Wednesday, June 5, 2024

NIF records $2b loss for 2023
SIGNIFICANT investments in major local companies resulted in the National Investment Fund Holding Co Ltd (NIF) reporting a $2 billion loss for the year ending December 2023.

The losses resulted in a decline in its equities from $6.2 billion in 2022, to $4.6 billion in 2023.

Young: $1b in petroleum subsidy
ENERGY Minister Stuart Young said on June 3 the 2024 petroleum subsidy will be about $1 billion, a figure that is down from $1.6 billion and $1.8 billion for the two years prior.

Furore as AG stays mum
...refuses to disclose recipients of legal fees

Revenue Authority preparing for operationalisation
LAST week the Court of Appeal gave the government the green light to proceed with operationalising the Trinidad and Tobago Revenue Authority (TTRA) after it dismissed a challenge the Public Services Association (PSA) brought through one of its members, Terrisa Dhoray, a customs officer.

PSA condemns Government's tax plans
On June 4, the Court of Appeal granted the PSA conditional leave to pursue its challenge at the Privy Council, as the application was not opposed by the State.

However, there was opposition to a stay being granted to halt the process. While agreeing not to grant an open-ended stay, Justices of Appeal Mark Mohammed, Charmaine Pemberton and Mira Dean-Armorer agreed to allow a stay until September 25.

PM meets Ghanaian business delegation

Kamla reshuffles 'Star' team
The list showed 35 candidates for the 17 posts: 17 candidates from the Star Slate and 17 from the UP slate, plus businessman Robert Amar contesting one of the three deputy leader posts.

Charlotteville Jetty in Tobago to be upgraded
The THA's Division of Infrastructure says the Jetty, which now measures 5 feet by 20 feet, will be widened to 7 feet by 37 feet.

Sinanan: MOWT plans 400-500 de-silting jobs
He spoke at a sitting of the Standing Finance Committee of the House of Representatives, at the Red House in Port of Spain, which gave his ministry $155 million extra to its original allocation in the budget.

Deforestation, hilltop structures worsening flooding, warns disaster management official

Short-lived floods affect POS, northern Trinidad
Flooding occurred in the usual flood-prone areas of lower and eastern Port of Spain, including the Eastern Main Road in the vicinity of Success Lavantille Secondary School, South Quay and City Gate, as well as Charlotte Street, Abercomby Street, St. Vincent Street, Edward Street, and Richmond Street. The waters quickly subsided once the rains ended.

Police Issues Financial Reward For Information In Gonzales Shooting Incident
The Police Service has issued a 100,000 dollars reward for persons with information which can help with the probe being done into Sunday's shooting in Gonzales in which four persons were killed.

$150,000 bail for Anisha kidnap accused

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