UNC leader queries possible delay of local government polls
Government must clarify if a proposal in the local government reform bill — which seeks to extend councillor terms from three to four years — is a "back door" way to postpone local government elections. Opposition Leader Kamla Persad-Bissessar called for clarification at last night's UNC Monday Night Forum at Diego Martin North Secondary School.
She noted that the Miscellaneous Provisions (Local Government Reform) Bill 2019 was laid in Parliament last Friday night and expressed concern about clause three (c) of the Bill which she noted seeks to vary the term of councillors from the current three year period to four years. Noting that T&T is on the eve of a local government poll, she queried if this was a back door way to postpone the election. For more on this story
UTC loses $33 million, first time in five years
The Unit Trust Corporation (UTC) Group made a loss of $33 million in 2018 according to its Executive Director Nigel Edwards. The Corporation is reporting a TT$293 million decline in total income last year when compared to 2017.
This is the since the UTC group started preparing consolidated financial report it has recorded a loss. Edwards told Guardian Media that the reversal of $88 million when compared to 2017 was mainly as a result of the new accounting standards that the corporation had to adopt.
In a telephone interview with GML, Edwards said already the company was seeing positive movements in its net position in 2019 with a change in the fair value of $ 288.7 million. In its annual report, the UTC’s Chief Financial Officer’s indicated that total income declined from 996 million in 2017 to 772 million in 2018. The principal driver of this was unfavourable movements in the fair value of investments securities amounting to TT$456 million in 2018. For more on this story.
Edna Manley Controversy Deepens As More Victims Speak Out
The board of the Edna Manley College of the Visual and Performing Arts is expected to discuss the sexual harassment allegations rocking the St Andrew-based fine arts school at a board meeting today.
Several alleged victims of sexual harassment perpetrated by a male lecturer at the institution detailed their traumatic experiences in a Sunday Gleaner exposé on the weekend. The victims complained that school administrators have not treated the complaints with urgency and seriousness.
The Gleaner has been informed that today’s meeting will be examining the explosive allegations of a cover-up as it seeks answers on how school administrators dealt with the complaints. For more on this story
EU budget: Who pays most in and who gets most back?
With the European elections concluded, one of the big challenges facing the European Union (EU) will be agreeing its next budget. Every seven years, the EU agrees a long-term spending plan. All EU leaders have to agree on it unanimously, so the negotiations usually take a long time.
The last seven-year plan was agreed in 2013, for the period 2014-20. And, for the first time in the history of the organisation, it decided to cut real-terms spending. On the basis of the long-term plan, every year the representatives of the 28 governments and the European Parliament agree the precise details of the EU annual budget,
We examined the latest, 2017, budget to find out how much each of the EU countries contributed and received from the EU. The UK is a net contributor to the EU budget. In other words, it contributes more to the EU budget than it receives back from it. For more on this story.
27th May 2019