Daily Brief - Thursday 22nd July, 2019

News

Sea Lots businessman still being questioned

Members of the Port of Spain CID are still questioning a 38-year-old Sea Lots businessman after he was detained in relation to a series of shootings and murders in east Port of Spain and Laventille on Saturday morning. Read more here…

Gov't urged: Note Castara's 'no plastic/styrofoam' policy

THE village of Castara was commended by Fishermen and Friends of the Sea (FFOS) for taking a stance against the use of plastic and Styrofoam. The village, on the northern side of the island, was praised for taking the lead in sustaining and protecting the environment without legislation. Read more here…

 

Politics

Cox replaces Young as Communications Minister

Donna Cox will be sworn in as a senator and Minister of Communications this morning.

This according to a release from the Office of the Prime Minister (OPM) sent out last night. Cox will take over the portfolio from Stuart Young who remains as National Security Minister and Minister in the Office of the Prime Minister. Read more here…

Govt offers reward $ for info on illegal guns

In an at­tempt to as­suage a na­tion be­sieged by a wave of bloody killings and rob­beries, Min­is­ter of Na­tion­al Se­cu­ri­ty Stu­art Young pro­vid­ed no new mea­sures to com­bat al­most out-of-con­trol gang war­fare but en­cour­aged cit­i­zens to call a tip line to get il­le­gal guns off the streets. Read more here…

 

Business

PM visits TOFCO with BPTT

Prime Minister Dr Keith Rowley visited the TOFCO fabrication yard in La Brea on Friday with BPTT team, led by regional president Claire Fitzpatrick, to view fabrication of the jacket and bridge landing for the company's Cassia C project.

Cassia C is BPTT's next platform and part of the Cassia Compression development, which will access one trillion cubic feet of hydrocarbon resources. Read more here…

T&T’s credit rating: better days ahead?

This week we at Bourse take a closer look at recent credit rating actions taken by international rating agencies, including the downgrade by international credit rating agency Standard and Poor’s (S&P). We examine some of the factors that influenced the various ratings and consider the impact on investors in Trinidad and Tobago international bonds. Rating actions S&P rating Downgraded. Read more here…

 

Regional

‘I await GECOM’s advice’

PRESIDENT David Granger said he will proclaim a date for elections when the Guyana Elections Commission (GECOM) advises him that it is in a state of readiness for the conduct of credible, fair and free elections.

His statement comes at a time when the opposition, the People’s Progressive Party/Civic (PPP/C) is calling for an early date to be set. In fact, on Saturday, Opposition Leader Bharrat Jagdeo wrote the Head of State requesting that he issue a proclamation dissolving the 11th Parliament and fix a date for the next General and Regional Elections. Read more here…

Scotia Forecasts Fall In Interest Rates, Increase In Market Liquidity As Economy Improves

A leading investment brokerage is forecasting that interest rates will decline even further and market liquidity to increase as Jamaica's economic position continue to improve in the months ahead.

“We have record growth and low interest rate …everything for Jamaica is heading in the right direction,” senior financial analyst at Scotia Investments, Tameka Walker-Mowatt, told an intimate group of high net worth clients at a breakfast meeting on Thursday at the Marriott Courtyard Hotel in New Kingston. Read more here…

 

 

International     

Mueller's big moment is make or break for Democrats

Washington (CNN)Democrats are pinning their last, best hopes of proving that President Donald Trump committed impeachable crimes on former special counsel Robert Mueller who is set to reluctantly serve as a star witness in Wednesday's televised spectacle.

Mueller's date before two back-to-back House committees represents Democrats' most powerful weapon in a war for public perception over Russia that it has been losing to Trump's bruising PR campaign. Read more here…

Chandrayaan-2: India launches second Moon mission

Chandrayaan-2 was launched at 14:43 local time (09:13 GMT) on Monday from the Sriharikota space station. India's space chief said his agency had "bounced back with flying colours" after the aborted first attempt.

India hopes the $145m (£116m) mission will be the first to land on the Moon's south pole. Read more here…

 

 

 

22nd July 2019

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