Daily Brief - Thursday 18th April, 2019

NEWS

Point bush fire still burning after 5 days

To­day marked the fifth day that res­i­dents of Ma­haica in Point Fortin have been cop­ing with thick smoke em­a­nat­ing from a huge bush fire. How­ev­er, they were giv­en a small “Bligh”. Read more here…

US$6m ransom demand for J’can businessman

A Ja­maican na­tion­al who is the co-own­er of a phar­ma­cy in Mara­bel­la was kid­napped from his home in Palmiste, San Fer­nan­do, on Sun­day and a US$6 mil­lion ran­som de­mand­ed for his safe re­lease. Read more here…

 

POLITICS

Elections commission welcomes probe

THE Elections and Boundaries Commission (EBC) has denied that its officials are corruptly colluding with the ruling People’s National Movement (PNM).
It welcomed an investigation by the police as it assured that if there is any evidence of impropriety the perpetrators will be prosecuted. Read more here…

 ‘Unfit to lead any community in T&T’

MAHA SABHA secretary general Sat Maharaj is unfit to lead any part of the community of Trinidad and Tobago. So said Prime Minister Dr Keith Rowley as he condemned Maharaj’s description of Tobago men as “lazy” and “rapists”. Read more here…

 

 

BUSINESS

Sagicor launches The Estates at St George adult active lifestyle community

Sagicor has started work on The Estates at St George, a $170 million investment that will see an adult, wellness and amenity-driven community with continuing care facilities completed at Boarded Hall, St George in Barbados. Read more here…

The power of digital

The digital revolution and information age are providing great opportunities and changing the way we communicate, live, and work around the world. Accountants and financial professionals are poised to grab the tremendous opportunities created by demonstrating their emotional intelligence and ethical guidance capabilities. Read more here…

 

REGIONAL

Qatari Firm To Underwrite Amaterra Resort Development

Investors Keith and Paula Russell have joined with principals in a Qatari firm to deliver a 8,000-room, all-inclusive beachfront resort development in Duncans, Trelawny, for which ground was broken on April 12. Read more here…

Power Companies JP, Wisynco Join Forces On Snacks

Wisynco Group is buying a stake in the snacks business owned by Jamaica Producers Group, a deal that is meant to drive distribution of the products in existing and new markets.
The $720-million transaction for 30 per cent of JP Snacks Caribbean Limited is expected to close at month end. Jamaica Producers will retain the other 70 per cent. Read more here…

 

INTERNATIONAL

Amazon will no longer sell Chinese goods in China

Amazon is partially retreating from the world's biggest market for online shopping. 
It will close its marketplace in China in the coming months, meaning Amazon customers in the country will no longer be able to buy goods from Chinese merchants. Read more here…

 

Mueller report: Barr accused of helping Donald Trump ahead of release

Democrat Jerry Nadler accused William Barr of failing to let "the facts speak for themselves" over his plans to hold a news conference before the release.

The 400-page report is the result of an investigation into alleged Russian interference during the 2016 election. Read more…

 

18th April 2019

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