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DON’T BLAME ME
PORT OF SPAIN, Trinidad – Former controversial Caribbean Airlines (CAL) chairman George Nicholas says he’s not to blame for the company’s present financial state. The six-year-old airline, of which Nicholas was the chairman for 16 months, has been in the red for the past three years and has suffered millions in losses and write-offs during the same period. Nicholas’s response…
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Chairman defends board, blames ex-workers
PORT OF SPAIN, Trinidad – CAL chairman Rabindra Moonan yesterday defended his board’s decisions in the midst of financial challenges. The six-year-old state company has found itself managing a billion-dollar debt and having to write off millions in losses owing to mismanagement of the company’s cargo revenues and credit card fraud. In a telephone interview with the Express yesterday, Moonan…
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Government to disclose financial position of Caribbean Airlines
PORT OF SPAIN, Trinidad, CMC – Finance Minister Larry Howai is expected to detail the financial position of the state-owned Caribbean Airlines (CAL) on Tuesday amid media reports that the airline has had to write off millions of dollars in losses owing to mismanagement and credit card fraud. Howai is due to inform the Senate on the airline’s finances over…
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CARICOM HEADS VEX OVER CAL
PORT OF SPAIN, Trinidad – Shareholder governments of the regional airline LIAT say the T&T Government’s subsidy to State-owned Caribbean Airlines (CAL) is a violation of the Revised Treaty of Chaguaramas that governs CARICOM. Dr Ralph Gonsalves, Prime Minister of St Vincent and the Grenadines, speaking at the end of a shareholders’ meeting of LIAT in Barbados, said the subsidy…
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No-confidence motion debate on Monday
PORT OF SPAIN, Trinidad – Debate on the motion of no-confidence against Prime Minister Kamla Persad-Bissessar and the People’s Partnership Government is set for next Monday. Opposition Leader Dr Keith Rowley who filed the motion, was not prepared to comment on the view that the motion was frivolous. “I will make my case on Monday,” he said, adding that a…
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Canadian minister visiting Caribbean countries
BASSETERRE, St. Kitts, CMC – Canada’s Minister of State of Foreign Affairs Diane Ablonezy arrives here on Tuesday as part of a visit to seven Caribbean countries. Ablonezy will hold talks with Prime Minister Dr. Denzil L. Douglas during her two day visit. Ablonzey, who is now winding up a visit to the Bahamas, will also visit Antigua and Barbuda,…
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Regional foreign ministers urged to adopt new paradigm to global environment
PORT OF SPAIN, Trinidad, CMC –Caribbean Community (CARICOM) foreign ministers Tuesday began two days of discussions here amidst calls for the region to adopt a new paradigm in dealing with a changing global environment. “It is therefore critical that our diplomatic encounters must be able to advance and expand our own political and economic space and we must do so…
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Extractive sector in focus at UWI conference
PORT OF SPAIN, Trinidad – The extractive sector—the mining, quarrying, dredging, oil and gas extraction industries—plays an important role in the global economic landscape, contributing significantly to the GDP of its host countries. These industries are capable of contributing to the sustainable development of communities and to the wider economy when interventions are implemented, taking into consideration the rights of…
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