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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KALLCO, the construction conglomerate headed by businessman Arvin Kalloo, has sold the majority stake it bought in the Lawrence Duprey-owned MotorOne to a Jamaican general insurance company.

Following is the text of the statement delivered in the Parliament yesterday by Finance Minister Colm Imbert in announcing that a company named Patriotic, wholly owned by the Oilfields Workers’ Trade Union (OWTU), has been chosen to purchase the Pointe-a-Pierre refinery, formerly Petrotrin.

DECISIONS to increase or implement new taxes are often met with protest and objection. But Port of Spain businesses are actually asking to be taxed.

THE FINANCIAL situation at the Sports Company of Trinidad and Tobago (SporTT) is dire.

FINANCE Minister Colm Imbert declared his interest to the House of Representatives when he piloted the Finance Bill No 2 in the House of Representatives on July 4, 2016.

CHRISTIAN businessman Trevor Joseph estimates that within the 1,500 churches in Trinidad and Tobago there 10,000 Christian-led businesses. Many are start-ups, small businesses and young entrepreneurs who need mentorship from more experienced businessmen like himself, and who simply need a platform where they can advertise products and services.