Daily Brief - Monday 7th November, 2022

NEWS

Archbishop wants ground-up approach to crime fight - Let’s rebuild T&T's value system

As the country grapples with violence and crime, Roman Catholic Archbishop Jason Gordon believes this scourge can be mitigated by uplifting underdeveloped communities. Read more here…

Cutting off the trail

Residents of Indian Trail in Couva say they have grown increasingly desperate as a landslide along the main route now threatens to completely cut off the area from its environs. Read more here…

 

POLITICS

Moonilal wants probe into $38M cost hike on PM’s Tobago residence

UNC MP Roodal Moonilal is calling for a public independent enquiry into the refurbishment and construction of the Prime Minister’s Tobago residence, after its cost jumped from an initial $25 million to approximately $63 million. Moonilal made the call at yesterday’s UNC media briefing in Port-of -Spain. Read more here…

MSJ: Property tax, politics behind local government election delay

MOVEMENT for Social Justice (MSJ) political leader David Abdulah said the decision to postpone local government elections and extend the life of local government corporations was based on property tax and politics. Read more here…

 

BUSINESS

Angostura profits increase by 1.7 per cent

Angostura Holdings Limited reported a 1.7 per cent growth in profit for the nine-month period ending September 30, according to its consolidated financial statement released on Friday. Read more here…

Unilever okays sale of Champs Fleurs property

UNILEVER Caribbean Ltd announced last week that its directors approved the sale of the company’s property located on Eastern Main Road in Champs Fleurs.

The board took the decision on October 28 and the closing date of the sale of the property is December 15, the company said in a material change notice published on the websites of the T&T Stock Exchange and the T&T Securities and Exchange Commission on Thursday. Read more here…

 

REGIONAL

New player Wilson Beck enters LPG market

For the past six months, Wilson Beck LPG Limited has been quietly staking a claim in Jamaica’s liquid petroleum gas or cooking gas market. The company operates from lands that house the shuttered Bernard Lodge sugar factory, where it has set up. Read more here…

Contractors invited to participate in Lethem Housing Project

S part of an ongoing commitment to provide subsidised housing for hinterland residents under the Hinterland Housing Programme, the Ministry of Housing and Water, through the Central Housing and Planning Authority (CH&PA), has issued a request for Expressions of Interest (EoIs) for the construction of flat two-bedroom, clay-brick housing units in Lethem, Region Nine (Upper Takutu-Upper Essequibo). Read more here…

 

INTERNATIONAL

Ukraine war: Kyiv Mayor Klitschko warns of evacuations if power lost

In recent weeks, millions of Ukrainians have intermittently been left without electricity and water as Russian air strikes target vital infrastructure. Rolling power cuts are also in place to avoid overloads and allow for repairs. Read more here…

What exit? China doubles down on zero-Covid pledge despite public frustration

China has reiterated its unswerving commitment to its longstanding zero-Covid policy, despite mounting public frustration the stringent measures are costing the very lives they’re intended to protect. Read more here…

7th November 2022

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