By Raffique Shah
December 29, 2015
I am surprised that so many people are surprised by the termination of services-firing, suspension, the euphemistically-couched “sent on administrative leave”-of several senior government officials, the most prominent being Governor of the Central Bank, Jwala Rambarran.
Clearing the politically-constructed State-stables of partisan appointees is a ritual that occurs every time a government changes.
Continue reading ‘do so ent like so’
By Anthony Wilson
December 26, 2015 – guardian.co.tt
At its weekly meeting on Wednesday, Cabinet took a decision to request the President to terminate the appointment of former Central Bank Governor, Jwala Rambarran, in accordance with sections 12(e) and 12(g) of the Central Bank Act, Finance Minister Colm Imbert said in a statement on Thursday.
Continue reading Why Jwala had to go
By Stephen Kangal
December 25, 2015
The pathological obsession of the PNM with pre-maturely removing Jwala as Governor of the CBTT has caused them to act in a most irresponsible, reckless, arbitrary and vulgar manner at this the season of goodwill and peace on the earth of Trinbago. T&T is plunged into an air of sadness and deep cataclysmic foreboding. A lamb has been led into the slaughter again even when birth is being celebrated universally.
Continue reading The Pathology of the Firing of Jwala
By Renuka Singh
December 24, 2015 – guardian.co.tt
Central Bank Governor Jwala Rambarran has been fired. The T&T Guardian confirmed that Rambarran was dismissed by the Minister of Finance, Colm Imbert yesterday.
Word of this unprecedented dismissal came late last night, but only one day after Prime Minister Dr Keith Rowley said that a Government “ought to have confidence” in any Central Bank Governor. That comment and his refusal to give any ground to Rambarran made clear that he did not have any confidence in the Governor.
Continue reading Govt axes Rambarran
By Raffique Shah
December 14, 2015
Central Bank governor Jwala Rambarran was the unlikeliest man to kick the hornets’ nest, but that he did when he named the firms that used the most foreign exchange (forex) over the past three years.
Amidst a cacophony of complaints from businesses and individuals about being denied adequate sums of forex for legitimate uses, Rambarran went on the offensive by identifying the 18 biggest users.
Continue reading Whey the money really gone
By Ian Lambie
December 16, 2015 – newsday.co.tt
WE SHOULD all be ashamed, whether we be parliamentarian or proletariat who elected them to Parliament and permitted them to do their own thing for five years, that our legacy to our grandchildren and to our great-grandchildren will be: debt.
Since 2009 and up to 2015, our country has been spending more than it earned by approving deficit Budgets, with one exception — in 2010.
Continue reading Debt — legacy to our grands
By Raffique Shah
December 07, 2015
This recession did not creep up on us like the proverbial thief in the night.
It was long in the making. In fact, from as far back as the global financial crisis of 2008-2009, when Clico collapsed and the price of oil plunged from a brief high of US $140 a barrel to $30, informed, patriotic citizens were warning governments to go easy on the wild spending, to set aside more savings in the Heritage and Stabilisation Fund, to wean the population off dependency on subsidies, and most of all to diversify the economy from its over-reliance on oil, gas and petrochemicals.
Continue reading Recession was predictable
…Used Green and Unemployment Funds as collateral
By Richard Lord
December 05, 2015 – guardian.co.tt
Finance Minister Colm Imbert says the former PP government raided the National Gas Company (NGC) of almost $14 billion in cash. He made the claim while presenting three motions for debate in the House of Representatives yesterday.
The motions seek to increase the ceiling for government borrowing by $50 billion under the Development Loans Act, External Loans Act and the Guarantee of Loans (Companies) Act.
Continue reading Imbert: PP raided NGC of $14b cash
By Derek Achong
December 01, 2015 – guardian.co.tt
Three of the country’s most senior judges have failed to come to an agreement over whether the United National Congress (UNC) has conclusive proof that its defeat in September’s general election was due to a one-hour extension in voting, in order to secure a re-election.
Delivering its judgment in the appeal brought by the Elections and Boundaries Commission (EBC) and the People’ National Movement (PNM) at the Hall of Justice, Port-of-Spain, yesterday, the appeal panel, led by Chief Justice Ivor Archie, was split two to one, as it ruled that the UNC had met the requirements required for preliminary approval of the petitions.
Continue reading Judges split on petitions appeal
By Raffique Shah
November 30, 2015
If “Santa Colm” assures the populace that their Christmas will be bright, not blue, then we have no reason to doubt the man.
After all, Acting Prime Minister Colm Imbert is the substantive Minister of Finance, in which capacity he has access to data and information pertaining to the state of the economy, especially Government’s revenues and expenditures, that you and I will not see.
Continue reading Sending the wrong signals