Vendors at Library Corner

VESTED INTEREST: Vendors at Library Corner, San Fernando, listening attentively to the 2020 budget presentation by Finance Minister Colm Imbert via a portable radio yesterday. 

South and Central Chambers of Commerce commented on the 2020 budget presentation made by Finance Minister Colm Imbert yesterday.

President of the Greater San Fernando Chamber of Commerce Kiran Singh said, on preliminary review of the presentation, the chamber noted the minister’s intention to bring forth a bill on the gaming and gambling.

He welcomed this initiative and said this is a much-needed regulatory tool to deal with white-collar crime.

Singh said the parking meter system announced by the minister has been advocated by the Chamber for a long time. He said this will ease the burden of the parking woes for patrons, shoppers and business owners in the downtown area of San Fernando.

“What we had hoped for in the address was a plan for a parkade which was recently announced by the Attorney General (Faris Al-Rawi). San Fernando is in desperate need of parking to facilitate the inflow of citizens in our City. We noticed that the minister gave honourable mention to the San Fernando Waterfront Development project. We are aware that plans are at an advanced stage in the commencement of this mega-project, however, we were not given a start date. This development is desperately needed for commercial and economic activity in the southern region,” he said.

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.