Friday 10th October, 2008

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Today's Commentary
Pulse Column
Gillian Lucky

Mitchell declares HCU insolvent

After months of speculation about the future of the once-powerful HCU, the Commissioner for Co-operative Development, Charles Mitchell, yesterday declared that the credit union was “insolvent” and ordered that it be wound up.

Swedish couple hacked
to death in Tobago

Robbery is what homicide officers strongly believe led to the killing of a Swedish businessman and his common-law wife in Tobago yesterday.


Tourism Minister:A tragic incident

“This incident is a tragic and isolated incident. Our condolences go out to the family and friends of Ake Olsson and Anna Sundsval.”

Elias: Fire Dick-Forde now

A $10 million typographical error.

‘Shareholders last people to get reimbursed’

The Commissioner for the Co-operative Development, Charles Mitchell, has stressed that shareholders would be the last in line to get compensation in the liquidation of the Hindu Credit Union Co-operative Society Limited (HCU).

Dumas against intervention

Minister of Labour and Small and Micro Enterprise Development Rennie Dumas yesterday said that he would be “out of order” to intervene in a legitimate judgment declaring the Hindu Credit Union Co-Operative Society Limited (HCU) insolvent.

No flexibility in bail-out

Depositors of the Hindu Credit Union (HCU) are entitled to call for a bailout, but the Commissioner for Co-operative Development does not have too much flexibility under the Co-operative Societies Act.


Financial crisis affecting Caribbean tourism

Chief executive officer of Caribbean Airlines (CAL), Philip Saunders, said yesterday that the tourism industry in the Caribbean is being challenged by the global financial crisis.

Kalicharan shows off Spectrum of the Sea

The beauty of the ocean washed ashore on October 4 when models from the House of Jacqui displayed costumes from Spectrum of the Sea, the C2K9 presentation by Ivan and Wendy Kalicharan.

Digicel gives Stanford ‘green light’

After weeks of battle that culminated with a ruling from the London Court of Arbitration, the richest cricket game in the history of the sport will take place on November 1 in Antigua between the Stanford All Stars and England.

Business Guardian
Sports Arena

Stock market CEO tells investors:

These are crazy times, don’t panic

Jacqueline Davidson, 39, and her husband, Stephen, 44, have a combined income of $20,600. Their take home income is about $16,000.

Pan lovers sail away

It was a holiday to remember as the members of Pan Trinbago and supporters took a cruise to Chacachacare on the mv Treasure Queen on Republic Day.

Calypso vs Samba Wear red for T&T ruggermen

The T&T rugby team will have a task on its hands when it enters its crucial 2011 Rugby World Cup (RWC) qualifier home leg against Brazil on Saturday at the Larry Gomes Stadium in Malabar, Arima.

Current Weather
10 day forecast for Port-of-Spain, Trinidad And Tobago
Extended forecast Hi/Lo (°C) Precip. %
Oct 10
Scattered T-Storms Tonights Low: 24° 60%
Oct 11
Scattered T-Storms High: 30° Low: 24° 60%
Oct 12
Scattered T-Storms High: 31° Low: 24° 60%
Oct 13
Scattered T-Storms High: 32° Low: 23° 60%
Oct 14
Isolated T-Storms High: 33° Low: 24° 30%
<- Back to Current Conditions Last Updated 10/10/08 4:36 PM Local Time

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