AN ATTORNEY representing a shareholder of CL Financial has written to the Governor of the Central Bank, Dr Alvin Hilaire, noting “with acute concern,” the failure of the financial regulator to publish the 2018 audited financials of CLICO, an insurance subsidiary of CL Financial by June 30, 2019.

The Central Bank took over the day-to-day management of CLICO on January 30, 2009, following financial problems that arose at the insurance company. The CL Financial shareholder is Nevicott, Natural Energy Vehicle Infrastructure Corporation of TT, which became a shareholder of the group last year when it purchased 5,878 ordinary shares from attorney David Hannays. 

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Today marks the return of a column by industrial relations practitioner, Diana Mahabir-Wyatt, to the Sunday Express. Given the hightened interest in industrial relations in general and the workings of the Industrial Court in particular, the column will analyse judgments of the local court (and on occasion foreign courts) in a way that will bring light to the sometimes-tense relations between employers and employees.

FINANCE Minister Colm Imbert says this country is under no obligation to follow any recommendations made by the International Monetary Fund (IMF). The IMF is assembling a team to visit T&T for its annual Article IV consultations, but no date has yet been set for the visit.

CHARITIES, volunteer groups and religious bodies have again been urged to view the Non-Profit Organisations Bill, 2019 as a means of protection for themselves and for Trinidad and Tobago’s reputation abroad.

PRIME Minister Dr Keith Rowley has lauded the University of Trinidad and Tobago (UTT) for its role in national development. Rowley was speaking yesterday at the UTT’s second annual research symposium held at the university’s O’Meara campus.

IN the last four years Chinese tech firm, Huawei, has invested $272 million (US$40 million) in Trinidad and Tobago. “And we will continue to invest in developing this country because we have long-term plans for T&T,” pledged Jeff Jin, Huawei’s newly appointed chief executive officer for T&T and the Eastern Caribbean.