Trinidad and Tobago
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T&T Govt snaps up Clico
(Trinidad Express) The country’s largest insurance company is about to become potentially one of the State’s most lucrative and far-reaching assets. Cabinet has approved the transfer of about $8 billion worth of insurance giant’s CLICO’s pro¬fitable business to a new company called Atrius which will be 100 per cent owned by the State, sources close to the transfer decision confirmed…
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TRINIDAD-COURT-Former CONCACAF president to file legal action prominent Barbadian jurist
PORT OF SPAIN, Trinidad, CMC – Austin “Jack” Warner, the former president of the Confederation of North, Central American and Caribbean Association Football (CONCACAF) says he is taking legal action against prominent Barbadian jurist, Sir David Simmons over the contents of a report that had been damning of him. Sir David had chaired the CONCACAF Ethics Committee that reported Warner…
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TRINIDAD-ENERGY-TT records slight drop in proven gas reserves
PORT OF SPAIN, Trinidad, CMC – Trinidad and Tobago’s proven natural gas reserves have contracted by one per cent last year, but Energy Minister Kevin Ramnarine said the figures show the authorities are “arresting” the decline in recent years. According to the figures released by the Texas-based consultants, Ryder Scott, Trinidad and Tobago’s proven energy reserves were 13.106 trillion cubic…
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Former junior minister guilty of refusing to take breathalyser test
PORT OF SPAIN, Trinidad, CMC – Former junior national security minister Collin Partap has been slapped with a TT$5,000 (One TT dollar =US$0.16 cents) fine after he was found guilty Tuesday of a charge of failing to submit himself to a breathalyser test outside a night club last year. Chief Magistrate Marcia Ayres-Caesar, who earlier this month had rejected a…
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The UNC’s options in Chaguanas West
PORT OF SPAIN, Trinidad – In their concession speeches on Monday night, both the defeated United National Congress candidate Khadijah Ameen and her leader Kamla Persad-Bissessar promised to continue the “work” in Chaguanas West. This being politics, however, the services provided by the Government to that rebel constituency will most likely be determined by whichever strategy the ruling UNC decides…
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After Warner’s triumph
PORT OF SPAIN, Trinidad – JACK WARNER’S convincing victory in Monday’s by-election for the Chaguanas West constituency can be subjected to varying political interpretations. These will undoubtedly be coming in the days ahead from political scientists and other media commentators. We may, however, have to wait for the local government elections, likely to occur by October, to know if Mr…
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‘By-election won’t affect investors’
PORT OF SPAIN, Trinidad – It is still too early to determine what sort of impact Jack Warner’s victory in Monday’s Chaguanas West by-election will have on investor confidence in Trinidad and Tobago, president of the American Chamber of Commerce (AmCham) Hugh Howard said yesterday. In a brief telephone interview, Howard said businessmen and investors were not going to be…
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FALLOUT
PORT OF SPAIN, Trinidad – Jack Warner’s victory in Chaguanas West has laid bare some uncertainties within the People’s Partnership coalition. The People’s Partnership, which won 29 seats in May 2010, started out with a 21/6/2 equation—21 United National Congress (UNC) members, six from the Congress of the People (COP) and two from the Tobago Organisation of the People (TOP).…
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Volney resigns from ruling United National Congress
PORT OF SPAIN, Trinidad, CMC – Former justice minister Herbert Volney Tuesday resigned from the ruling United National Congress (UNC), less than a day after the party suffered a humiliating defeat in its stronghold of Chaguanas West in southern Trinidad. In a letter sent to the party’s general secretary, Dave Tancoo, the former High Court judge said a statement made…
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Warner’s ILP will decide on membership in People’s Partnership gov
PORT OF SPAIN, Trinidad, CMC – Interim leader of the Independent Liberal Party (ILP), Austin Jack” Warner Tuesday said it would be “premature” to say whether or not his party would seek membership of the People’s Partnership government following his convincing victory in the Chaguanas West by-election here on Monday night. Speaking on a television programme, Warner, who trounced the…
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