Antigua PM not satisfied with Trinidad and Tobago’s response to payment of CLICO/BAICO debt

Black Immigrant Daily News

The content originally appeared on: Antigua News Room
Prime Minister Keith Rowley and Prime Minister Gaston Browne

Prime Minister Gaston Browne says he is not satisfied with the response from his Trinidad and Tobago counterpart regarding the non-payment of millions of US dollars linked to the collapse of Trinidad-based insurance companies CLICO and British American Insurance Company (BAICO) in 2009.

Browne, who is chairman of the Eastern Caribbean Currency Union (ECCU) sub-committee on insurance, had said last month that a decision had been taken to take the Keith Rowley administration before the Port of Spain-based Caribbean Court of Justice (CCJ).

The ECCU groups the islands of Anguilla, Antigua and Barbuda, Dominica, Grenada, Montserrat, St.t Kitts-Nevis, St. Lucia and St. Vincent and the Grenadines and Prime Minister Browne said he had written to Prime Minister Rowley after an ECCU meeting had agreed unanimously to take the Trinidad and Tobago government to court after three failed attempts to get them to pay the outstanding funds. Speaking on his radio programme here over the last weekend, Browne told listeners “his (Rowley’s)response is one that I think he has co-mingled a number of issues, even some gratuitous payments that were made by the late (prime minister) Patrick Manning he has tried to include in a possible settlement.

“So I am about to respond to him to let him know that he is mistaken and that the issues he has raised in his letter they certainly have no bearing to the case that we are pursuing,” Browne said, without disclosing the full content of Rowley’s letter.

The ECCU said that Trinidad and Tobago had made a commitment to pay US$100 million to the member countries but only US$40 million was disbursed following the collapse of C L Financial, the owners of CLICO and British American Insurance Company (BAICO).

In October last year, a group of British American and CLICO policyholders in the Eastern Caribbean filed a lawsuit at the CCJ against the Trinidad and Tobago government and Prime Minister Browne said that the ECCU decision to follow suit had been in the works for several years.

“Let me make it abundantly clear too that …the policy holders will come together collectively and they have a collective suit against the government of Trinidad and Tobago. That is separate from what we are pursuing here.

“The case I am pursuing is a settlement that was agreed to even before I became prime minister of a US$100 million. The government of Trinidad and Tobago paid US$40 million of it, US$60 million is still outstanding.

“We are saying we would like to have it paid, we would like to negotiate a reasonable payment that doesn’t create any strain on the treasury of the government of Trinidad and Tobago. So if bonds are to be given then they will pay the interest over a period of time.

“We are saying here it’s a pledge that was given and it was given considering that Trinidad and Tobago benefitted from the CLICO/BAICO estate. We have said to them that the treaty of Chaguaramas (which governs the regional integration movement) is such that you cannot accord specialised treatment to your policy holders and other stakeholders and out others who are part of this very integration movement at a disadvantage”.

Browne said it is on that basis the ECCU believe that it has a case if Port of Spain refuses to settle.

He said this issue had first been communicated to Port of Spain by St. Vincent and the Grenadines Prime Minister Dr. Ralph Gonsalves and since taking over the chairmanship of the sub-committee on insurance in the ECCU last year, “as I have said to the distinguished Prime Minister of Trinidad and Tobago this is not something that I want to pursue at the level of the court

“But if we feel that we are not getting any justice then we will have no choice because we also have to protect our policy holders, our stakeholders just as how they have protected theirs,” Browne said.

ST. JOHN’S, Antigua, Oct 3, CMC

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Cummings: St Michael’s Home to reopen

Black Immigrant Daily News

The content originally appeared on: Trinidad and Tobago Newsday

News

La Horquetta/Talparo MP Foster Cummings –

MINISTER of Youth Development and National Service Foster Cummings said St Michael’s Home for Boys will be reopened under a new management structure, to cater for 100 vulnerable youngsters.

He was speaking in the budget debate on Monday in the House of Representatives.

He said the facility will be re-purposed and be run in partnership with the Defence Force to accommodate the young men. In a text message to Newsday later, Cummings said, “The St Michael’s School for Boys is being refurbished and will operate as the CHINS (Children in Need of Supervision) facility for boys. The proposed Youth Development Agency of Trinidad and Tobago will manage the facility when completed.”

He also announced that Josephine Shaw Home in Port of Spain will accommodate young women, 18-25, transitioning from community residences, to benefit from holistic development and job placement.

“We are not going to leave our young ladies to end up on the street.”

A transition home will be established for young men, 18-24, and one for young women 18-plus in Sevilla to transition into adulthood and independent living.

Cummings announced a full-time Youth Agricultural Homestead Programme for 200 full-time participants (out of 1,400 applicants), to expand next year to add an extra 200 applicants part-time.

The programme offers full training in crop production and animal husbandry, and then practical training on assigned land, to curb youth unemployment and boost agriculture.

It gives theoretical and practical agricultural training, training in infrastructure development (utilities, starter homes, site preparation and access roads) and business advisory/support.

Participants can practise on a two-acre lot of land and access a $20,000 grant to start up their “21st-century agri enterprises.”

Cummings also promised a programme for individuals who wished to change careers.

He said a Youth Shade House programme would train 100 youngsters at a site in Tucker Valley in collaboration with UWI and a Guyanese institution, as he hailed the Prime Minister for his vision to invest in youth.

“The Shade House Project’s ethos is youth entrepreneurship and will directly address issues of youth employment, underemployment and poverty and provide significant agro-entrepreneurship opportunities and technical assistance with production, harvesting, marketing and market intelligence.”

Cummings promised a Moruga farm school. He said agri-entrepreneurs can also benefit from Nedco’s Business Accelerator Programme.

He said the National Service programme would include MILAT, MYPART and the Civilian Conservation Corps at two sites, respectively in north and south Trinidad.

Speaking to Newsday later, Cummings reckoned some 400 full- and part-time participants would eventually be graduating from the programme each year, such that in a three-year period the country would benefit from 1,200 new young agricultural entrepreneurs.

He announced the Amplify programme run with the National Energy Skills Centre (NESC).

“In the last fiscal, Amplify trained young persons between the ages of 16 and 35 to become skilled music producers and arrangers. Amplify also includes mentorship, entrepreneurship and life-skills training opportunities.”

The NESC also helps run the AllSet Programme for 100 young men and women, 18-35, to learn to drive heavy equipment such as loaders, dump trucks and bulldozers.

“This programme opens a pathway for young people who would not have had access to be trained and certified in this area.

“It gives these young men and women access to specialised equipment, training and expert facilitators, which is not readily available to entrants into the industry.”

Cummings also listed courses in barbering/hairdressing, computer technology skills (mobile application development, web design and coding), and social media/entrepreneurship skills.

He promised residential Youth Development and Apprenticeship Centres, or youth camps for youngsters 17-25, at Persto Praesto, Chatham and El Dorado.

Cummings said the ministry runs six non-residential in Laventille, California, St. James, Malick, Los Bajos and Basilon Street (Port of Spain), with more due at La Horquetta, Point Fortin, Palo Seco and subsequently elsewhere.

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Alexander proves a handful in Scarborough rout

Black Immigrant Daily News

The content originally appeared on: Trinidad and Tobago Newsday

Tobago

SCARBOROUGH SECONDARY School established themselves as the premier team in the Secondary Schools Football League (SSFL) Tobago Zone Girls Division, after round three, last Thursday.

Signal Hill were expected to provide a serious test for Scarborough Sec, in the match-up of unbeaten teams.

It was, however, one-way traffic, as J’Eleisha Alexander enjoyed a golden day, scoring all five of Scarborough Sec goals, in a 5-1 rout.

Scarborough Sec have slammed 19 goals in three games, and their stingy defence has conceded only once.

In another result, Mason Hall edged Roxborough 1-0 while Pentecostal Light and Life got two goals from Kyla Cooper and one from Christal Pesters as they pipped Goodwood 3-2.

In the Boys Division on Saturday, Signal Hill enjoyed a 5-1 demolition over Goodwood, at the Bertille St Clair Playing Field.

Ja Quon De Four, Khaleem Trim, Isreal Trim, Jediah Phillips and D’Reem Taylor placed their names on the scoresheet for Signal Hill.

Bishop’s maintained their advantage at the top of the standings, following a hard fought 3-2 win over Mason Hall, at the Moriah Recreation Field.

Malik Wilson, who is proving to be a prolific goal scorer, netted two for Bishop’s, while Brendan Allum added the third. Omari Daniel and Rickeldi Williams were on target for Mason Hall.

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Polis di Bario ta invita publico pa un anochi informativo

Black Immigrant Daily News

The content originally appeared on: Diario

Awe Diamars

ORANJESTAD (AAN): Un anochi informativo ta wordo prepara awe Diamars 4 di October 2022 na Playa.  E ta wordo organiza pa Polis di Bario, y e ta bira un chens unico pa haci pregunta, y haya sa hopi mas.

   E Anochi Informativo aki cu ta ser yama ‘Hunto nos ta forma un bario’, lo ta for di 7:00 pm te cu 9:00 pm na Linear Park na Playa.

   Como invitado special lo bay tin Bureau Slachtofferhulp, FCCA, DIP, Bureau Rampenbestrijding, Bureau City Inspector, y lo papia tambe di Ley di Cacho (duna pa Irene Croes).

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AVP no por papia di e bon comun si semper nan ta mina integridad

Black Immigrant Daily News

The content originally appeared on: Diario

Parlamentario Marco Berlis (MEP):

ORANJESTAD (AAN): E palabra integridad e perde tur balor y respet den boca di hopi politiconan. Specialmente ora ta exigi integridad di otronan, pero nunca kier aplica esaki pa nan mes. AVP ta hacienda reunionan y ta scibiendo articulonan di e “bon comun.”

   AVP a menciona cu e bon comun mester inclui tur plataforma incluyendo esun politico. Si esaki ta berdad anto e ora ta bon pa AVP cuminsa splica pueblo pakico nan semper ta vota y ta rechasa cualkier forma, ley of plan pa fortalece integridad den nos comunidad y Parlamento. Pasobra sin integridad boso bon comun no tin “sentido comun.”

   E “bon comun” ta contra ombudsman: Ora bo broma cu e bon comun y exigi integridad pero abo mes ta vota contra di e ombudsman, e Defensor di pueblo, anto bo ta hustifica esaki cu mentira y politikeria. Nos ta e unico pais den reino cu no tin un ombudsman.

   A presenta un comision special pa ombudsman, a yega na un acuerdo mutuo y a aproba e landsverordening. Ora mester a ancr’e den nos Staatsregeling a hunga wega politico pasobra nan no kier e Defensor di pueblo! Fraccion di AVP y oposicion a rechasa esaki! Esaki ta e bon comun cu boso ta papia di dje? Boso a kita derecho y autoridad di pueblo pa defende nan mes y busca nan derecho pa boso por hunga boso weganan sin sentido comun!

   E “bon comun” ta contra integridad: Siman pasa nos tabata tin un reunion central den cual mester a vota pa participa y duna forma na un posibel ley cu lo fortalece integridad den gobierno y parlamento di Aruba. A invita tur parlamentario pa hunto duna contenido y forma na e ley aki.

   E intencion di e ley ta pa hiba transparencia y integridad na un nivel halto den nos parlamento y gobierno. E iniciativa aki a worde bari cu hopi actitud y burla for di mesa pa oposicion y ta claramente bisto cu no kier para pa integridad y e bon comun.

   E bon comun ta otro “slogan”di un campaña pa trata na sconde y camufla AVP su imagen “golpia.” Ora bo ta grita bon comun eyfo y tur bo accionan ta contra di esaki, ta pasobra AVP no tin niun “sentido comun.” Integridad ta bon pa tur otro hende menos pa AVP.

   E “bon comun” ta contra solucion berdadero: Ora cu AVP a vota contra di desaroyonan necesario y esencial di RWZI pa pais Aruba, di berdad boso a pensa riba e bon comun? Ora bo a goberna 8 aña largo y inverti 1 miyon so den RWZI y a malgasta 4 Biyon Florin, esey ta e bon comun?

   Ora cu bo a campaña na 2021 y bo programa di gobernacion no a contene ni un frase y ni un intencion pa soluciona e situacion na RWZI, esey ta e bon comun? Asina mes bo a manda politiconan bay hunga politica cu e situacion mientras AVP mes nunca a haci nada, esey ta e bon comun? Esey ta integridad? Pesey AVP mester corda cu e bon comun mester bin tambe cu “sentido comun!” (Common sense.).

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Ola Tropical basta activo lo ta drentando Caribe

Black Immigrant Daily News

The content originally appeared on: Diario

ORANJESTAD (AAN): Bista di National Hurricane Center ta sigui keto bay riba un Disturbio cu tin net pariba di e islanan di Caribe. 

E cantidad di yobida cu lamper y strena den e zona ey, no a cambia hopi compara cu ayera.

   E ta sigui move direccion pabao cu 24 pa 32 km/h, y e lo por cuminza desaroya den e siguiente dianan.  Posiblemente ora di yega den Lama Caribe e lo por haya mas forza.

   Segun e pronostico, e lo bay ta pasando den Lama Caribe den cercania di Aruba.  Pero unda preciso ainda no por bisa, como cu te ainda no a nota un circulacion claro.  Hecho si ta cu e ta consisti di un area masha grandi mes di nubia.

   Pa Diaranzon y Diahuebs, e Disturbio aki lo bay ta pasando den e vecindario aki di Aruba, kizas como un Ola Tropical bastante activo.

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Turistanan lo bay paga mas tax pa asina mehora producto turistico

Black Immigrant Daily News

The content originally appeared on: Diario

‘Plan di Impuesto 2023’ pa un sistema fiscal mas simpel y husto

ORANJESTAD (AAN): Den fin di siman, Minister Maduro di Finansa a anuncia e ‘Plan di Impuesto 2023’ cu tin como meta pa yega na un sistema fiscal mas simpel y husto.

   DIARIO a compronde cu e plan ta encera e recuperacion di Aruba su finansa publico por medio di compensacion, reparticion husto y mehoracion di cumplimento di impuesto di ciudadano y bishitante. Mas concreto e ‘Plan di Impuesto 2023’ lo conta cu introduccion di un tarifa nobo di BBO cu ta resulta den un tarifa combina di BBO, BAVP y BAZV di 7%, hunto cu un pakete di compensacion pa individual y negoshi pa yuda mitiga e efectonan di inflacion.

   E pakete di compensacion individual ta conta cu un rebaho di 2% riba impuesto di entrada, lo subi e suma liber di impuesto na 30.000 mil Florin, lo separa e cobransa di impuesto riba entrada pa pensionado y lo hisa e ‘reparatietoeslag’ pa pensionado di SVb cu 45 Florin.

   Tur esaki lo yuda baha e peso di impuesto riba esnan mas vulnerabel den comunidad, cual ta nos grandinan y esnan cu ta ricibi un salario cu ta menos di 2500 Florin pa luna. Pa negoshi lo reduci e ‘winstbelasting’ di 25 pa 22% y lo mantene e ‘investeringsaftrek.’

   Nos bishitantenan lo conoce un subida di e ‘toeristenheffing’ y lo reparti e fondonan aki na un manera mas husto entre ATA, Gobierno y e fondo di TPEF cu ta pa mehora nos producto turistico. E plan ta conta tambe cu algun cambio pa asina mehora e cumplimento cu e deber fiscal na nos Pais. Durante full e siman venidero e mandatario lo brinda informacion riba e contenido concreto di e ‘Plan di Impuesto 2023’ cu ta drenta na vigor 1 di januari 2023.




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Body Found In Bruceville, Vieux Fort Identified – St. Lucia Times News

Black Immigrant Daily News

The content originally appeared on: St. Lucia Times News

– Advertisement –

Police have identified the body found in Bruceville, Vieux Fort on Saturday as that of Dixon Chester Serieux, alias Bro Guard.

Officers, summoned to the scene at about 3:20 am, said that the 25-year-old deceased had apparent gunshot wounds.

The Vieux Fort Fire station said it dispatched an ambulance after receiving a call for help but found that the man was already dead.

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Gordon Brothers Appointed Exclusive Selling Agent for Jubilee Sailing Trust Limited’s Tall Ship Lord Nelson

Black Immigrant Daily News

NEWS AMERICAS, London, Tues. Oct. 04, 2022: Gordon Brothers, the global advisory, restructuring and investment firm, has been appointed as the exclusive selling agent for the tall ship Lord Nelson on behalf of Jubilee Sailing Trust Limited after the company was placed into Administration.

Gordon Brothers is managing the disposition of Lord Nelson and marketing it for sale to the international marine and yacht markets.

Lord Nelson was built in 1985 and is the first tall ship in the world designed to accommodate personnel of all physical abilities to sail alongside the ship’s crew. Between 2012 and 2014, the ship completed a circumnavigation of the world with a full complement of sailors of various abilities on board. Lord Nelson was used for training purposes on behalf of charitable organisations when the ship wasn’t sailing at various races and regattas.

“Lord Nelson presents prospective buyers within the marine and shipping industry a unique opportunity to purchase a ship designed to accommodate any individual who sails,” said Simon Bamford, Director, Commercial & Industrial at Gordon Brothers. “As we continue to grow within the marine, shipping and offshore markets, we leverage our in-house sector expertise backed by decades of asset experience for engagements like Lord Nelson.”

“We’re pleased to partner with Gordon Brothers on this engagement,” said Joint Administrator Richard Lewis of Grant Thornton UK LLP. “Given their many years of buying, selling and valuing assets, they were a natural choice to help us realise value for the benefit of the company’s creditors.”

For more information about Lord Nelson and ship specifications, please visit Gordon Brothers’ website: https://uk-assets.gordonbrothers.com/assets-for-sale/assets/t/tall-ship-lord-nelson

Gordon Brothers has established a dedicated marine services and valuations practice that leverages decades of experience buying, selling and valuing assets in the commercial and industrial economy across Australia, Brazil, Canada, the U.K., Europe, Japan and the U.S. The firm provides advisory services including fleet and vessel renewal analysis, disposition and investment strategies.

About Gordon Brothers
Since 1903, Gordon Brothers (www.gordonbrothers.com) has helped lenders, management teams, advisors and investors move forward through change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four services areas: valuations, dispositions, financing and investment. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial and industrial sectors to provide maximum liquidity, put assets to their highest and best use and mitigate liabilities. The firm conducts more than $100 billion worth of dispositions and appraisals annually and provides both short- and long-term capital to clients undergoing transformation. Gordon Brothers lends against and invests in brands, real estate, inventory, receivables, machinery, equipment and other assets, both together and individually, to provide clients liquidity solutions beyond its market-leading disposition and appraisal services. The firm is headquartered in Boston, with over 30 offices across five continents.

About Jubilee Sailing Trust Limited
On 26 August 2022, Richard Lewis and Sarah O’Toole of Grant Thornton were appointed Joint Administrators of Jubilee Sailing Trust Limited. The principal asset of the Company is the tall ship, Lord Nelson. The Company is a subsidiary of the charity Jubilee Sailing Trust (the Charity). The Charity operates another tall ship (Tenacious) via a separate subsidiary Jubilee Sailing Trust (Tenacious) Limited. Tenacious and Lord Nelson are the only tall ships in the world designed and built to be sailed by a truly mixed ability crew, including people with a wide variety of impairments and health conditions. For the avoidance of doubt, both the Charity and Jubilee Sailing Trust (Tenacious) Limited continue to trade and operate Tenacious.

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‘Vruchtbaar gesprek’ tussen regering en managementteam SLM

Black Immigrant Daily News

The content originally appeared on: De Ware Tijd Online

PARAMARIBO — Het interim-managementteam van de SLM heeft maandag een ‘vruchtbaar gesprek’ gevoerd op het kabinet van de president. “Hierbij

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