Andrew Ferguson

me chairman Andrew Ferguson is driving the lawsuit.

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.

He told Parliament: “A full decade after the collapse of CL Financial and the Colonial Life Insurance Company (Trinidad and Tobago) (CL Financial/CLICO) and approximately $23.0 billion later, we are finally reaching a conclusion.”

RECOMMENDED FOR YOU

The Central Bank reported yesterday that T&T’s energy sector experienced further setbacks in the second quarter, with natural gas production falling “primarily due to production curtailments at Atlantic LNG which is a major user of natural gas”.

MAJORITY State-owned telecommunications provider TSTT yesterday became the first company in …

Local astronomer and microbiologist Dr Shirin Haque is among the 2020 lau­re­ates in the An­tho­ny N Sab­ga Caribbean Awards for Ex­cel­lence. Haque was selected for the award in the field of Science and Technology.

REPUBLIC Financial Holdings Ltd has agreed to pay the Scotiabank US$120 million to acquire 100 per cent of the Canadian bank’s operations in the British Virgin Islands.

HIGH COURT Justice Kevin Ramcharan, in September 2019, aborted an attempt by CL Financial subsidiary, Home Construction Ltd (HCL), to sell two highly coveted pieces of prime commercial real estate, following an objection to the lack of transparency and the failure to properly advertise the properties in the initial sales process by one of CL Financial’s joint liquidators, David Holukoff of the accounting firm, Grant Thornton.