Express Business Filler #1

In many countries with which we do business, the labour laws that govern the employment relationship are very different from ours, and frequently adjust to the changing environment, which ours do not.

To provide readers with some examples:

• Our Arbitration Act was passed in 1939;

• The Trade Disputes and Protection of Property Act passed in 1943, with a few minor amendments in 1947;

• The Trade Union Act, in 1932, with a couple of amendments in 1943 and 1980;

• the Truck Act, in 1918, with adjustments in 1940 and 1982;

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• Foreign Labour Contracts Act was passed in 1900;

• Workman’s Compensation, in 1960;

• The Industrial Relations Act, in 1972; and

• The Retrenchment and Severance Benefits Act, 1985.


A POLITICAL fight has broken out between Opposition Leader Kamla Persad-Bissessar and Finance Minister Colm Imbert over the sale of CLICO/BAT traditional insurance portfolios.

FINANCE Minister Colm Imbert said the Board of Inland Revenue targeted the “big taxpayers” in the recent tax amnesty, which netted $2.38 billion for the Government’s coffers, over than four times more than was predicted.

US-based travel and hospitality conglomerate, Apple Leisure Group, has been chosen to run Tobago’s 198-room Magdalena Grand Beach and Golf Resort. Finance Minister Colm Imbert revealed yesterday that Apple Leisure was chosen from among a few foreign hotel operators.

IN PRESENTING the 2020 budget on Monday, Finance Minister Colm Imbert indicated that T&T was reaching the end of the ten-year road called CLICO, the insurance company that collapsed at the end of January 2009.