Daily Brief - Monday 17th June, 2019

NEWS

Met Office warns of street/flash flooding, landslips Monday

The TT Met Office has issued an Adverse Weather Alert #1 (Yellow Level) for Monday and warned of flooding, landslips and gusty winds. The warning is from 2 am to 3 pm. Read more here

Driver surrenders after 7 months

More than seven months after chef Joe Brown and British citizen Joanna Banks were stuck by a car and killed while cycling along the Beetham Highway, the driver of the vehicle surrendered himself to officers of the Besson Street Police Station on Saturday. Read more here

 

POLITICS

National Trade Policy to be in operation in a month

Trade and Industry Minister Paula Gopee-Scoon reported the National Trade Policy for the next five years should be implemented in a month’s time. She was responding to a question in Senate last week from Opposition Senator Taharqa Obika on why the draft National Trade Policy remains to be finalised as at March 31, 2019. She said the draft National Trade Policy for the period 2019-2023 has been completed and is before Cabinet for consideration. Read more here

Fuad backs Ganga on pension vote

UNC MP Fuad Khan, who said he shares the same be­liefs as col­league Gan­ga Singh, chose to leave the Par­lia­ment on Fri­day be­fore the vote on Gov­ern­ment’s pen­sion amend­ments “be­cause I didn’t want to be sub­ject­ed to the vote, on this. Had I been there, I don’t know what I’d have done” Khan added yes­ter­day. Read more here

 

BUSINESS

FCI stumbles, SBTT improves

This week, we review the financial performance of FirstCaribbean International Bank Ltd (FCI) and Scotiabank Trinidad and Tobago Ltd (SBTT), for the first half of their respective financial years ended April 30. While both banks remained profitable, overall net profits were driven in opposite directions due to certain tax-related events. Read more here

 

REGIONAL

Petrojam Squabble - Venezuelans Sue Gov't Over Share Swipe

Jamaica’s foreign Minister Kamina Johnson Smith last night confirmed that the board of Petróleos de Venezuela (PDVSA), the South American country’s oil and gas company, has filed a lawsuit in relation to Kingston’s forcible takeover of its 49 per cent stake in local oil refinery Petrojam. The development now opens up a new front of discord in months of frigid relations between Jamaica and its long-time Bolivarian ally. Well-known local attorney Michael Hylton, QC, is representing PDVSA. Read more here

 

INTERNATIONAL

Hong Kong extradition: How radical youth forced the government's hand

In just one week Hong Kong has witnessed two of its largest ever protests, as well its most violent protest in decades. At the forefront of these demonstrations are young people, many barely out of their teens. How did they get radicalised - and how did they manage to force the government's hand? Read more here

Iran says it will break the uranium stockpile limit agreed under nuclear deal in 10 days

Iran is ramping up enrichment of low-grade uranium and will pass the limit it is allowed to stockpile under the nuclear deal in 10 days, a spokesman for the Iranian atomic agency announced Monday. During a news conference at the Arak heavy water reactor facility, Behrouz Kamalvandi said that Iran had increased low enriched uranium production fourfold and would exceed the limit of 300 kilograms by June 27, in the latest blow to the nuclear deal agreed between Tehran and world powers in 2015. Read more here

17th June 2019

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