Daily Brief - Monday 27th May, 2019

NEWS

Atlantic confident it will survive uncertain future

Atlantic CEO Dr Philip Mshelbila admitted yesterday that the company was surprised to receive news that the gas supply to its Train One beyond 2019 was uncertain but he was confident that the company would weather the outcome. At Atlantic’s 11th annual CEO awards for innovation within the company held at the Hilton Trinidad, St Ann's Mshelbila told the audience, “Even as we are currently evaluating options for that train I am confident that the courageous spirit exhibited by our founding parents and the talent resilience and passion that has defined our employees over the last 20 years will be exactly what will get us over this current challenge as well.” Read more here

EMA to probe La Brea chemical fire

While in­ves­ti­ga­tors say yes­ter­day’s mas­sive fire at Kaizen En­vi­ron­men­tal Ser­vices did not re­sult in in­jury to work­ers or dam­age to prop­er­ty, there are con­cerns about the harm­ful ef­fects to the en­vi­ron­ment. The En­vi­ron­men­tal Man­age­ment Au­thor­i­ty (EMA) is ex­pect­ed to vis­it the waste-treat­ment fa­cil­i­ty in the La Brea In­dus­tri­al Es­tate to­day to de­ter­mine whether the com­pa­ny’s op­er­a­tions ad­here to its Cer­tifi­cate of En­vi­ron­men­tal Clear­ance. Res­i­dents from as far as San Fer­nan­do and Point Fortin re­port­ed see­ing thick black smoke from their homes af­ter the fire broke out ear­ly yes­ter­day. Read more here

 

POLITICS

UNC: Register all illegal migrants, not just V’zuelans

Former Prime Minister Basdeo Panday, who was once minister of Foreign Affairs, agrees with the current Prime Minister that the Venezuelan problems must be solved by the Venezuelans. Panday said TT cannot bear the full brunt of the immigration that is going to take place as Venezuelans flee their country in droves due to political and economic instability. He believes the Caribbean should come together to assist in this process. Read more here

Young defends use of Oval as migrant registration centre

Min­is­ter of Na­tion­al Se­cu­ri­ty Stu­art Young has de­fend­ed his min­istry’s de­ci­sion to rent the Queen’s Park Oval to use as one of the venues for the reg­is­tra­tion of Venezue­lans liv­ing in this coun­try lat­er this week. His de­fence came yes­ter­day af­ter Op­po­si­tion ac­tivist De­vant Ma­haraj ques­tioned how much it would cost to rent the fa­cil­i­ty and shared a no­tice the Queen’s Park Crick­et Club (QPCC), which man­ages the venue, post­ed to its mem­bers. In the no­tice, QPCC mem­bers were ad­vised that parts of the Oval will be used to fa­cil­i­tate the reg­is­tra­tion ex­er­cise, which runs from May 31-June 14 in­clu­sive of week­ends. It al­so ad­vised that there will be a heavy po­lice and army pres­ence at the Oval dur­ing the pe­ri­od and that some car parks and en­trances will be closed off to ac­com­mo­date the reg­is­tra­tion. Read more here

 

BUSINESS

Alignvest-Sagicor deal progresses

This week, we at Bourse review the financial performance of Sagicor Financial Corporation Ltd (SFC) and Trinidad and Tobago NGL Ltd (NGL) for their first quarters ended March 31, 2019. While SFC’s earnings were weaker, progress on the Alignvest acquisition promises to provide additional value to Sagicor shareholders. Read more here

 

REGIONAL

College #MeToo - Victims Expose Edna Manley Sexual Harassment Cover-Up

An explosive sexual harassment scandal and claims of a cover-up are threatening to rock Jamaica’s chief fine arts school, the Edna Manley College of the Visual and Performing Arts in Kingston, sparking a toxic atmosphere of fear and intimidation, alleged victims have told The Sunday Gleaner. Among the troubling allegations is that after repeated complaints by female students about the unwanted advances of a senior male lecturer, school administrators continue to turn a blind eye. They have also been threatened with punitive grades, this newspaper has learnt. Reports are that the teacher in question, a perennial fixture in the power structure at Edna Manley, has been targeting several female students, as well as an American professor who is here on work permit. Read more here

 

 

INTERNATIONAL

European elections 2019: Power blocs lose grip on parliament

The big centre-right and centre-left blocs in the European Parliament have lost their combined majority amid an increase in support for liberals, the Greens and nationalists. Pro-EU parties are still expected to be in a majority but the traditional blocs will need to seek new alliances. The liberals and Greens had a good night, while nationalists were victorious in Italy, France and the UK. Turnout was the highest for 20 years, bucking decades of decline. Read more here

President Trump meets Abe in Japan

US President Donald Trump and Japanese Prime Minister Shinzo Abe have wrapped up their bilateral talks and press conference. Here are the key things to come out of it. Read more here

27th May 2019

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