NEWS
PanTrinbago: Be prepared to give up something
PnaTrinbago's financial troubles are far from over. Speaking at the official opening of the organisation's office, at the corner of Duke and Melbourne Streets, president Beverly Ramsey-Moore said as manager of Katzenjammers Steel Orchestra in Tobago, she too has had to tell her 90 players who performed for Panorama 2018, that PanTrinbago does not have the funds to pay players. And, she said, it does not look possible for 2019. Read more here
Citizens push to safeguard self, properties
With crime at an all-time high, citizens are doing all they can to safeguard themselves and their properties. This push at being proactive has given rise to a booming million dollar industry that provides everything from Closed Circuit Television (CCTV) cameras for the ordinary citizen’s home to armed escorts for the business community as they make bank deposits. A quick search on Google shows listings for 102 security companies throughout T&T. CCTV cameras are sold in supermarkets and computer stores or in online stores, giving consumers an opportunity to buy their own cameras and pay for installation. Read more here
POLITICS
No ease-up from Rohan
Despite today’s back-to-school rush of parents dropping off their children to school, motorists cannot expect any special favours regarding the requirement to get their vehicles inspected for road worthiness, said Rohan Sinanan, Minister of Works and Transport yesterday. Newsday asked how the registration process was going, in light of the first day back to school after Christmas. “My information is that everything is going all right so far. We have stickers and we have inspections. This is just another day. There’s nothing different. Read more here
Rowley: We did more with less
Laying his management plan in the first part of his two-part address to the nation last evening, Prime Minister Dr Keith Rowley said his administration’s plan for the country would cost taxpayers $12.5 billion—less than half of what his predecessors wasted. The $29 billion in wasted funds, he indicated, was cold hard cash which was on hand and this figure excluded other forms of expenditures. Within his plan included expenditure on projects such as $2 billion on repairs at the Port-of- Spain General Hospital, creating a La Brea dry dock, and on housing programmes respectively. He also planned a $1 billion expenditure on the Dragon gas pipeline, resort tourism project, the Tobago airport terminal, purchase of two new ferries for Tobago, and the San Fernando waterfront project respectively. Read more here
Mixed views on Kamla’s election plans
There are mixed views on the decision of Opposition Leader Kamla Persad-Bissessar to revamp the United National Congress (UNC) electoral slate and not select several current MPs to contest the 2020 general election. Read more here
BUSINESS
Equity markets lower in 2018
This week, we at Bourse review the performance of the local and international equity markets in 2018. Similar to previous years, a relatively strong performance by cross-listed stocks supported the overall market locally. Internationally, most major regions posted negative returns as investors faced a range of concerns. Read more here
REGIONAL
Airbnb Fallout - Local Rental Market Tightens For Young Jamaicans As Landlords Target Foreigners
The explosion of the Airbnb market across the island has been pushing well-needed cash into the pockets of many Jamaicans, but it is providing a painful side effect - the tightening of the rental market. While figures for last year are not yet available, in 2017 Jamaica recorded approximately 55,000 Airbnb bookings across the island, with hosts in the Corporate Area earning US$2.4 million. But president of the Realtors Association of Jamaica, Andrew James, says the explosion in the Airbnb business has left young Jamaicans, those just leaving university in the 20 to 25 age range, and young professionals having difficulty in finding a one-bedroom apartment to rent for the long term. Read more here
INTERNATIONAL
Chang'e-4: Chinese rover now exploring Moon
They united a gender while dividing a nation: The two women at center of India temple storm speak out
It was an extraordinary act of defiance, from two ordinary women who have since been forced into hiding. On January 2, Bindu Ammini, a 40-year-old law lecturer, and Kanakadurga, a 39-year-old local government employee, made history when they entered India's Sabarimala Hindu temple in southern Kerala state -- the first women to do so since the country's top court scrapped a rulebarring the entry of girls and women of child-bearing age. A 4-to-1 majority of Supreme Court judges said the rule was unconstitutional, setting off what has become an increasingly fractious national debate about gender, religion and the limits of the law. Read more here
7th January 2019