NEWS

Vemco launches new Lipton Ice Tea

One of the biggest food and beverage distributers and manufacturers in the Caribbean on Saturday launched it’s newest product in TT, Lipton Ice Tea. Speaking to members of the media at the launch at BHP Billiton building, Invaders Bay, Port of Spain, Vemco CEO Christopher Alcazar said, “Lipton Ice Tea for us is something that fits right in the groove of us in a Caribbean island. The ice tea market is certainly not a huge one in TT but globally it’s massive.” Read more here

Tropical Storm Warning discontinued for T&T

The gov­ern­ment of Trinidad and To­ba­go has dis­con­tin­ued the Trop­i­cal Storm Warn­ing for Trinidad and To­ba­go, the Na­tion­al Hur­ri­cane Cen­tre re­ports. It says a Trop­i­cal Storm Warn­ing is now in ef­fect for Grena­da and its de­pen­den­cies and St Vin­cent and the Grenadines. Read more here

Floods subside: Highway reopens

Drivers are being advised that flood water along the Churchill Roosevelt Highway (CRH) between the vicinity of the Churchill Roosevelt Highway and the Uriah Butler Highway (UBH) Interchange has subsided. Read more here

POLITICS

Colm: Aim is to foster culture of saving

The aim of the Government Savings Bonds (Amendment) Bill, which was passed in the Lower House on Friday, is to generate a culture of savings among citizens. In wrapping up debate on the bill, Finance Minister Colm Imbert, who piloted it, said it will allow thousands of citizens to get their dream homes as the bond will be transferable only to the Housing Development Corporation (HDC). The bonds, he said, can be used as collateral by HDC applicants, adding that they carried a better interest than banks with 4.5 per cent over a five-year period. He refuted opposition claims that the bonds will be used by investment institutions and said they will be similar to the National Investment Fund bonds which were over-subscribed by $1 billion. Read more here

Duke: Tobagonianas stranded

Mi­nor­i­ty Leader of the To­ba­go House of As­sem­bly Wat­son Duke is one of sev­er­al per­sons who are un­able to trav­el to To­ba­go as flights re­main ground­ed due to the in­clement weath­er and Trop­i­cal Storm watch for Trinidad and To­ba­go. Read more here

BUSINESS

Pre-budget review: revenue in focus

This week, we at Bourse begin an analysis of several economic trends and consider what investors and the wider public might expect in the upcoming national budget carded for October 7. In the first of a series of articles, we consider the revenue side of the budget equation. Will economic growth remain muted, or will it accelerate? Will energy revenues be higher or lower than projected and how might this impact fiscal decisions for FY 2019/2020? We discuss below. Read more here

REGIONAL

NHT Benefits For All - Phillips Promises Better Housing, Education Opportunities If Elected To Government

The next People’s National Party (PNP) administration will revamp the National Housing Trust (NHT) to ensure that everyone who contributes realises a benefit, Dr Peter Phillips has vowed. Further, Phillips has promised that the PNP, if given state power, will amend the law to make it easier for “the ordinary Jamaican” to get land titles and lead “the most comprehensive assault” on the long-standing problem of squatting. He disclosed, too, that his administration would guarantee a full scholarship for the first child to qualify for tertiary education in every family and provide “one sure meal” per day for primary and secondary students. Read more here

INTERNATIONAL

Thomas Cook customers to fly home after firm collapses

The biggest peacetime repatriation is underway after travel agent Thomas Cook collapsed on Monday, bringing 150,000 Britons back from overseas. The UK's Civil Aviation Authority (CAA) is co-ordinating efforts to fly the tourists home after the tour operator "ceased trading with immediate effect". Thomas Cook's administration puts 22,000 jobs at risk worldwide, including 9,000 in the UK. Boss Peter Fankhauser said the collapse was a "matter of profound regret". Thomas Cook, whose roots go back to 1841, went bust after last-ditch talks to raise fresh funding failed. The BBC understands the government was asked to fund a bailout of £250m, which was denied. Read more here

Ukraine drama could give Democrats no choice but to impeach Trump

The Ukraine scandal raging around Donald Trump is forcing Democrats to confront a fateful choice on impeachment that will not just shape the 2020 election but will echo down the ages. The facts of whether the President pressured Ukraine to investigate his potential Democratic general election opponent Joe Biden while a US military aid package was on the table are still obscured. Trump supporters say there is so far no evidence that he offered a quid pro quo to the Ukrainians and note that an intelligence community whistleblower who raised the alarm was operating with a second-hand knowledge of Trump's conversations. Read more here

Trump says he doesn’t need China trade deal before election

As Chi­na and the US near a new round of trade talks, Pres­i­dent Don­ald Trump said yes­ter­day he doesn’t feel he needs to se­cure an agree­ment be­fore next year’s elec­tion. Trump told re­porters he wants a com­plete deal with Chi­na and won’t ac­cept one that on­ly ad­dress­es some of the dif­fer­ences be­tween the two na­tions. “I’m not look­ing for a par­tial deal, I’m look­ing for a com­plete deal,” Trump said dur­ing a press con­fer­ence with Aus­tralian Prime Min­is­ter Scott Mor­ri­son. For more than a year, the world’s two largest economies have been locked in a high-stakes du­el marked by Trump’s es­ca­lat­ing penal­ties on Chi­nese goods and Bei­jing’s re­tal­ia­to­ry tar­iffs. Read more here

23rd September 2019

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