Trinidad and Tobago
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New Ja-T&T trade war – Duties imposed on product after questions arise over origin
KINGSTON, Jamaica – JAMAICAN AUTHORITIES have imposed duties on the importation of lubricating oil from Trinidad and Tobago in another round of trade wars between the Caribbean territories. Industry Minister Anthony Hylton told legislators yesterday that he has exercised his ministerial authority to secure the transfer of $184 million to the Consolidated Fund. The money, Hylton said, represented duties charged…
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The CARICOM trade imbalance — Jamaica/T&T
KINGSTON, Jamaica – Recently, there have been a number of rash and, in some instances, derogatory letters, describing Jamaica's perceived relationship with Trinidad & Tobago (T&T). Some were whimsical and others simply vacuous. Generally, they demonstrate a lack of understanding regarding the consequences that would result if Jamaica were to demit membership of Caricom, apart from the forfeiture of the…
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Renewing confidence in CARICOM
PORT OF SPAIN, Trinidad – I F ALL goes well with the work programmes for two ministerial council meetings this week in Port of Spain, the people of the Caribbean Community should have a good idea of what to expect with top priority issues when the region’s Heads of Government gather in Trinidad and Tobago for their 34th summit in…
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CARICOM defends position on taking rum issue before WTO
PORT OF SPAIN, Trinidad, CMC – Caribbean Community (CARICOM) countries say they will continue to oppose subsidies being granted to the UK-based Diageo, one of the world’s biggest producers of rum, because of the impact the subsidy is having on rum producers in the Caribbean. Caribbean Community (CARICOM) Secretary General Irwin La Rocque told the Caribbean Media Corporation (CMC) that…
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OAS urging helps focus on T&T party funding
PORT OF SPAIN, Trinidad – Trinidad and Tobago should not need the Secretary General of the Organisation of American States (OAS) to admonish this country about the dangers to good government and to democracy posed by political funding. Miguel Insulza has been the latest high official to mount a bully pulpit on the subject, addressed to political parties and ruling…
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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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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…
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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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