Ken Julien

Ken Julien

It was a nusaince. That’s how Emeritus Professor Kenneth Julien described the legal battle he’s been engaged in with the State for the past eight years. “Nevertheless, it’s now a relief that it’s now over,” said the 87 year-old Julien. Last month, the board of state-owned Evolving Technologies and Enterprise Development Company Limited (eTeck) decided to discontinue its negligence case against its former board, then chaired by Julien.

One week before the trial was set to begin, eTeck opted not to continue with the case “based on legal advice” it obtained from James Guthrie QC. The action was initiated by former Attorney General Anand Ramlogan in 2011. The State had alleged that the board entered into a US$5 million equity investment in a Hong Kong-based company Bamboo Networks Ltd (BNL) between Jan­u­ary 18 and May 17, 2005, with­out car­ry­ing out a due dili­gence ex­er­cise in­to the com­pa­ny’s fi­nan­cial records before­hand.


Atlantic LNG’s liquefaction Train 1 could be back up and running as early as next week, says Atlantic’s chief executive officer Dr Philip Mshelbila. Mshelbila said yesterday that the company is currently doing a maintenance or turnaround (TAR) of Train 1 to extend its operational life.

BP Trinidad and Tobago (BPTT), this country’s largest gas producer, says it is working on mitigating and slowing the rate of the gas production decline it forecast earlier this year.

An interview with chairman of the National Gas Company, Conrad Enill on what it means for the company and the country. LAST week, Yara Trinidad Ltd (YTL), one of the energy industry’s downstream companies that produces ammonia, announced its decision to close one of the three plants that it operates on the Point Lisas Industrial Estate by December 31.

JUST over three years old and already one of the fastest growing fintech companies in the region, T&T-based digital payment solutions company, WiPay, is already thinking of going public, by listing its shares on a stock market next year.

So said Sieunarine Coosal, Group Executive Chairman, Coosal’s Group of Companies, in accepting his induction into the Trinidad and Tobago Chamber of Industry and Commerce Business Hall of Fame last Friday.

COUNTRIES IN the Caribbean and Latin America, including Trinidad and Tobago, have set a collective goal of 70 per cent of renewable energy (RE) by 2030, the most ambitious plan in terms of a global regime.