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By Tony McWatt Played 21, Won 5 Lost 16. That is this year’s 2022 record of One Day International (ODI) matches played by the West Indies team following its 1-2 loss to New Zealand in the Barbados-hosted August 17-21 three-match series. A record made even more dismal by the actuality of no less than […]
The post Crescendo level calls for Simmons’ head now likely appeared first on Barbados Today.
\"Our Parliament has been reduced to a fish market with members jostling for five minutes of infamy. Is this the example our representatives want to set for our youth looking on?\"
Our Parliament has been reduced to a fish market with members jostling for 5 mins of infamy. Is this the example our representatives want to set for our youth looking on?
— Mickela (@mickelapanday) October 21, 2021
Leader of the Movement for Social Justice (MSJ) David Abdulah said, \"Does the UNC understand what they are doing? Their actions are seeking to dangerously divide the country. It is not about democracy. They are laying the basis for justifying why their motion will not succeed.
\"This is a serious issue but I am reminded of Explainer's Calypso – In Parliament they kicksin. The motion will be defeated
[Nairobi News] President Uhuru Kenyatta has directed the National Treasury to allocate Sh10 billion to the Kazi Mtaani program.
[This Day] Chinedu Eze writes that since the federal government declared that it would concession terminal facilities in four major airports in the country, the plan has been fraught with controversies and fierce resistance from labour
Finance Minister Colm Imbert has dismissed claims that First Citizens’ Bank (FCB) was involved in a “growing Ponzi scheme” as described by Senator Wade Mark earlier this week.
On Wednesday during the Senate’s budget debate in Parliament, Imbert said the Bank’s investment in Jamaican company, Barita, has proved to be successful and was a part of the Bank’s strategy to diversify.
He said, “FCB is diversifying outside TT with the full support of the Government. FCB is seeking to make investments throughout the Caribbean, seeking to acquire banks throughout the Caribbean – in the northern Caribbean, in the southern Caribbean and even outside of the Caribbean – and we are encouraging it.
In Mark’s contribution to the budget debate in the Senate on Monday, he said FCB was recently involved in an investment with a paper company and called for an internal forensic audit into the sale of 10,869,565 of ordinary shares.
He also demanded the resignation of FCB’s CEO and board of directors if no audit took place.
Imbert countered, saying, companies’ growth required diversifying outside of the country, and pointed to Massy and Republic Bank Ltd’s investments in the region and globally.
He said FCB’s investment in Barita since 2019 has seen a gain in its investment to Barita of TT $130 million from an investment of $260 million and a dividend income of over five per cent.
“Since acquiring the shares between 2019 and 2020 the value of that portfolio has grown from TT $260 million to TT $390 million.
“If making TT $130 million on a $260 million is bad, then I don’t know what is good. That was just Senator Mark making one of his usual wild, groundless, baseless, scandalous, frivolous and useless allegations,” Imbert said.
He added that in order for economic growth, Caricom countries needed to invest more in each other and not be insular.
“If we cry down Trinidadian investment in Jamaica, it creates an atmosphere and anti-Trinidadian atmosphere like a former prime minister some years ago created such a bad relationship with Jamaica by saying that TT is not the ATM of the Caribbean.”
The post Imbert: FCB investment in Barita a good thing appeared first on Trinidad and Tobago Newsday.
The Barbados Water Authority today Thursday, October, 21st wishes to update residents of St. Joseph and St. Andrew that repair of the ruptured 10-inch main at Cattlewash, St. Joseph is in progress. Repair teams continue work in the area cautiously due to the soil conditions. The Authority will continue to assist residents in […]
The post BWA continues repairs on burst main at Cattlewash, St Joseph appeared first on Barbados Today.
President Lazarus Chakwera has told potential investors in Kenya that it is easy to access land in Malawi and that the country is making great strides in developing its infrastructure. Chakwera has been in Kenya since Tuesday this week and today, in his last engagement in the country, he attended the Malawi Investment Forum which […]
The post It is easy to access land in Malawi, Chakwera tells investors appeared first on Malawi 24.
After five years at the helm of the Barbados Coalition of Services Industry (BCSI), Graham Clarke has called it quits with that organsation. Clarke, who served as the Executive Director of the BCSI for the past five years, spent his last day with the organisation on Friday, October 15. In a statement announcing his departure, […]
The post Clarke departs BCSI after five years appeared first on Barbados Today.
A job action by teachers will have devastating consequences on learners countrywide, who have already lost valuable learning time due to COVID-19-induced lockdowns.
The post Find lasting solution to teachers’ concerns appeared first on NewsDay Zimbabwe.
