Trinidad and Tobago
-
Rowley: Air Jamaica bleeding T&T ‘like a chop neck’
PORT OF SPAIN, Trinidad – Opposition Leader Dr Keith Rowley said yesterday Air Jamaica was bleeding Trinidad and Tobago “like a chop neck”. “Right now nobody knows what the Minister of Finance is doing by bankrolling CAL. All he is doing is giving them permission to go and borrow money short term. As of now we don’t know how much…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
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…
Read More » -
In Trinidad, Causes Debated as Flooding Worsens
PORT OF SPAIN, Trinidad, (IPS) – Officially, the Caribbean’s rainy season begins in June, coinciding with the start of the hurricane season. But recently, heavy rains have signalled an early start to the rainy season, flooding streets, swelling rivers and causing widespread damage to crops. “With global warming, you have to expect anything these days,” Shiraz Khan, president of the…
Read More » -
$200m CAL WRITE-OFF
PORT OF SPAIN, Trinidad – State carrier Caribbean Airlines (CAL) is facing a potential write-off of approximately $200 million in losses, including $60 million lost from what executives say could amount to credit card fraud related to airline ticket purchases. More than $100 million has already had to be written off from the company’s cargo department. A report submitted to…
Read More » -
CAL on auto pilot
PORT OF SPAIN, Trinidad – Who’s minding the store? Yesterday, the Sunday Express reported on the millon-dollar write-off at national carrier Caribbean Airlines (CAL) in the midst of the company’s financial turbulence. Part 2 today considers whether CAL is being run in the best interest of its shareholders, the governments of Trinidad and Tobago and Jamaica, by the people appointed…
Read More »