Daily Brief - Tuesday 16th April, 2019

NEWS

Notorious Venezuelans infiltrate T&T gangs
Deadly alliance

A mur­der­ous and no­to­ri­ous Venezue­lan gang has in­fil­trat­ed Trinidad and To­ba­go’s bor­ders and many of them are now part of the crim­i­nal land­scape that has in­ten­si­fied this coun­try’s vi­o­lence over the last few months. Read more here…

Kamla queries AG's six-storey property acquisition
How come it's not mortgaged?

Op­po­si­tion leader Kam­la Per­sad-Bisses­sar is call­ing on At­tor­ney Gen­er­al Faris Al-Rawi to ex­plain how he man­aged to con­struct a six-storey build­ing in Port-of-Spain with­out se­cur­ing a mort­gage. Read more here…

AG goes after ‘Blingers, Zessers’
Account for your gold, fancy cars

“Blingers” and “Zessers” be­ware of Gov­ern­ment’s Ex­plain Your Wealth leg­is­la­tion.

At­tor­ney Gen­er­al Faris Al-Rawi made this clear as he pi­lot­ed the con­tro­ver­sial bill in the Sen­ate yes­ter­day. “We in­tend to take the ‘bling’ away, via the court con­sid­er­ing if you can ex­plain your wealth,” Al-Rawi said. Read more here…

 

 

POLITICS

Rambachan: NIDCO responsible for highway land acquisitions

FORMER works minister Dr Surujrattan Rambachan said property acquisitions for the Solomon Hochoy Highway extension to Point Fortin had been undertaken by the National Infrastructure Development Company Limited (NIDCO) which had retained professional consultants and valuators for the project. Read more here…

Khan: TT has 14 years of gas

THE 2017 Ryder Scott Report said this country has gas reserves to last the next 14 years and seven months, Energy Minister Franklin Khan told the Senate yesterday (Monday) in reply to a question by Opposition Senator Wade Mark. Read more here…

 

 

 

BUSINESS

Bitter endings for Angostura CEOs

IN LESS than nine years, the publicly traded rum and bitters company, Angostura Holdings Ltd, has changed three chief executives, five chairmen and a suite of executives.

Genevieve Jodhan, the last chief executive, resigned on Thursday after an agreed settlement. Jodhan’s exit from Angostura was the latest in a series of high-profile executive exits from the company. Read more here…

 

REGIONAL

Growth & Jobs | The Growth Of The Local Stock Market - The 101 On IPOs

Given the successful listing of several companies on the Jamaica Stock Exchange in recent years and the general positive performance of the stock exchange, many Jamaican investors have taken an interest in the local stock market. Read more here…

Sagicor Group Makes $14b Profit, Expanding Wealth Arm

Sagicor Group Jamaica will invest the equivalent of $2.6 billion to build out its investment services in the Cayman Islands, in a bid to grow regionally. It comes on the heels of record profit for Jamaica’s largest insurance conglomerate, which also overtook big bank Scotia Group to take the number two slot among listed companies with the largest bottom lines. Read more here…

 

 

INTERNATIONAL

Bill Weld: Trump to face 2020 Republican challenge

Former Massachusetts Governor Bill Weld has become the first Republican to challenge Mr Trump in 2020.

Mr Weld, 73, has released a campaign video contrasting his style with the current president's. Read more here…

 

Notre-Dame fire: Millions pledged to rebuild cathedral

The fire, declared fully extinguished some 15 hours after it began, ravaged the 850-year-old building's roof and caused its spire to collapse.

But firefighters who worked through the night managed to save the Paris landmark's main stone structure, including its two towers. Read more here…

 

16th April 2019

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