Thursday 18th November 2004

 
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Duprey has Global plans for Republic

In the wake of CL Financial’s acquisition of majority control of Republic Bank, the group’s chairman Lawrence Duprey said his intention now is to make the bank a global financial player...

BG View from the Editor

Ignoring manufacturers

The more I read about this LNG deal that T&T proposes to grant to Jamaica, the more concerned I am becoming...

News

A King and an empire

It was always Keith King’s goal to run a financial empire. And at one year-old, the AIC Financial Group seems poised to be just that...

Managing Caribbean credit risks

Those are the people usually approached first when money is needed. As a business, it is often not much different. As the sums grow, though, family, friends and even fools become more wary about lending...

Open Telecom launches hotspot at Piarco Airport

Checking e-mail is now easier at Piarco. Open Telecom has created a hotspot, covering about 90 per cent of the airport...

Digicel for T&T in 2005

The Irish-based cellular provider Digicel is due to be operating as a wireless carrier in T&T by the first quarter of 2005...

Features

Randy Clouden is: Shrewd...smooth shrouded in mystery

Georgia-based Trinidadian Randy Clouden is as tall and dark as Geoffrey Holder. Standing at six feet, one inch, he appears imposing. With a booming voice like that of actor James Earl Jones, he even sounds imposing...

Govt must allocate monies so public servants can maintain State property

Recently, as we discussed the burning issue of non-maintenance of State properties, we had reports on the poor condition of the San Fernando Magistrates’ Court and the disputed State “repossession” of Mille Fleur from the Law Association, said to be necessary to prevent further deterioration...

Legal

High Court

Qualified privilege effective once no malice proven

A shareholder who makes defamatory statements to other shareholders in calling for the removal of the company’s managing director who he perceives as mismanaging the company’s affairs, can rely on the defence of qualified privilege in respect of his statements, provided that he has not made them with any improper motive...

Verbatim

Changing Company Act no answer to director control

Minister Christine Sahadeo is reported as saying that the GORTT intends to bring legislation to Parliament that seeks to constrain the independence now given to directors of Government-owned companies (in trust for the public) by the 1995 Company Act...

Commentary and Analysis

Planning for retirement

There is one area of investing that needs special mention. Over the past couple of weeks we have outlined the need to invest and followed this up with some insight as to how to get started in the process. Today we will look at the all important task of investing for retirement...

Fed raises US interest rate

On November 10, the Central Bank issued a 91-day Treasury Bill at a rate of 4.72 per cent in an amount of $75 million. This will mature on February 9, 2005. There were no other new issuances by the Central Bank. On November 15, 180-day T-Bill issue number 1061 will mature at a rate of 4.88 per cent...

Energy service sector turning the corner?

After showing a flat trend over the first two quarters of 2004, business activity in the energy service sector is finally showing some improvement, according to the STCIC’s third quarter (Q3) Energy Service Sector Survey (ESSS)...

Jamaica/T&T gas MOU:

Reciprocity good for region

A little noticed aspect of the memorandum of understanding (MOU) between T&T and Jamaica on the sale of gas in LNG form is that the issue of a “Caricom gas price” has still not been settled despite this agreement...

T&T has 10.5 years before natural gas runs out

Three weeks ago, we were able to read in the Business Guardian that a new 650,000-tonne per year ammonia plant started up, with Clico as a shareholder...

When the dead tell tales

230-plus murders to date speak loudly against a Govt with a failing crime plan

The Chamber extends its deepest sympathy to each and every member of the families of the 230-plus murder victims in 2004...

The relevance of project management

This article seeks to shed some light on the topic of Project Management (PM) and its relevance to strategic imperatives of organisations...

 

 

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