Category Archives: PNM

A matter of integrity and law

Express Editorial
March 14th 2009
Trinidad and Tobago News Blog
www.trinidadandtobagonews.com/blog

Karen Nunez-TesheiraWith the charges and countercharges and demands for resignation, we remind readers that the core of the matter is law and the rule of law. It is quite irrelevant that Ms Nunez-Tesheira may not see a conflict of interest in participating in a decision-making of the Government bailout of CLICO and CL Financial. Nor are the views of Prime Minister Manning and of Mr Duprey that there is no conflict of interest. Nor can we accept Minister Enill’s advice to consider the bigger picture.

With the obvious conflict, Minister Mariano Browne should properly have been point man, and the finance minister should have stood down from the relevant Cabinet discussions. Whatever individual parties may consider of their preferred definition of a conflict of interest, we remind all that there is the Integrity in Public Life Act 2000 which is the law of the land. And there is no ambiguity in the wording of the law and the normal processes to be followed.
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PM’s mansion climbs to $244M

By Andre Bagoo Monday, March 2 2009
www.newsday.co.tt

Trinidad and Tobago News Blog
www.trinidadandtobagonews.com/blog

Prime Ministers Residence
Prime Minister's Residence

FIRST it was estimated to cost $40 million. Later, that rose to $148 million. Last September, the figure was revised to $175.3 million. But Udecott documents obtained by Newsday reveal that the cost of the Prime Minister’s Residence and Diplomatic Centre as at December last year was an estimated $244 million. According to a dossier on the project which was submitted by Udecott lawyers to the Uff Commission of Inquiry, the cost estimate for the project, as at December 31, 2008, was $243,961,819.
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Public relations goof

Newsday Editorial
Wednesday, February 11 2009

Trinidad and Tobago News Blog
www.trinidadandtobagonews.com/blog

Hindu Credit UnionContrary to reports that had been bruited around that government while it had moved swiftly to bail out Clico and three other CL Financial subsidiaries had not moved to assist the Hindu Credit Union (HCU) it was revealed on Monday that Government had offered a bail out package similar to the one presented to Clico, but that this had been rejected.
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Beyond Duprey

By Raffique Shah
February 08, 2009
Trinidad and Tobago News Blog
www.trinidadandtobagonews.com/blog

Lawrence DupreyUP TO ten days ago, Lawrence Duprey was one of most admired businessmen in Trinidad and Tobago. He was not self-made, as some of his peers and predecessors were. He inherited the biggest and strongest insurance company in the country founded by his uncle Cyril. But having taken over the reins of CLICO, he quickly moved to diversify the insurance giant’s vast resources, to venture where no other local entrepreneur had, into the downstream energy sector.
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‘Udecott bigger than Cabinet’

Calder HartJanuary 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.
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Dangerous Draft Constitution

Newsday Editorial
Tuesday, January 13 2009

PM Patrick ManningTHE Draft Constitution laid by Prime Minister Patrick Manning at last Friday’s re-opening of the House of Representatives not only alters the mechanics of the Constitution but undermines the most universal tenets of constitutional accountability.

This is the third draft presented by Mr Manning, following a first draft laid in the House on Friday August 18, 2006, and a second draft outlined to the PNM Annual Convention on Sunday July 13, 2008.
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Recession opens new opportunities

By Raffique Shah
Sunday, January 11, 2009

Trini PeopleIF ever the world needed an economic recession, this is the time. Maybe there is some superior entity that is both omniscient and omnipotent, that saw the excesses man was capable of, left to his devices. And just maybe, that entity decided to call halt to the madness that gripped mankind, from Iceland to Antarctica. Almost the entire world, except for the one billion living in poverty that we can pretend do not exist, engaged in wanton, wasteful consumerism. It was as if we were re-enacting the lavishness of the pharaohs of ancient Egypt, or the Court of the Roman Empire in its halcyon days.
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PM Manning: I do not fear death

By Andre Bagoo and Clint Chan Tack
Friday, December 12 2008
newsday.co.tt

PM Patrick ManningPRIME MINISTER Patrick Manning left hurriedly yesterday for Cuba to undergo surgery at the Cimex Hospital in Havana to remove a malignant tumour in his left kidney.

Manning made the startling revelation at the weekly post-Cabinet news conference at the Office of the Prime Minister in St Clair, where he was the only minister present.

Hours later, Manning left on board a Panamanian Copa aircraft. He told reporters that all steps have been taken to ensure that the Government functions smoothly until he returns home in early January 2009.
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Over $40M in agent fees on waterfront project

By Sean Douglas
Friday, December 5 2008

The Waterfront ProjectMINISTER of Planning, Dr Emily Gaynor Dick-Forde, said over $40 million was paid in commissions to the agents who arranged financing of the Waterfront Project, replying to a question by UNC Senator Mohammed Faisal Rahman in the Senate on Tuesday.

She said the agents for the borrower, the Port-of-Spain Waterfront Development Limited, were First Caribbean International Bank (collateral agent and financial advisor) and Wells Fargo Bank, North America (trustee).
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