Trinidad News, Tobago News

Welcome to Breaking News Trinidad and Tobago
Friday, August 18 2017 @ 02:51 AM AST

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CDB: Trinidad and Tobago's debt dynamics on the wrong trajectory

CDB on T&T debt situation: Government on wrong path

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Cayman Islands-registered notes pay out US$500 million

From the Cayman Islands Stock Exchange:

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Central Bank in latest Monetary Policy Report: Govt spending worsening forex shortage

While the country is now exporting less and earning fewer US dollars, "The foreign exchange market continued to face pressures as the fall in export earnings as a result of the terms of trade shock has not been matched by a fall in foreign exchange demand," the Central Bank of Trinidad and Tobago (CBTT) said in its Monetary Policy Report (MPR) May 2017 released Friday (July 21).

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Cayman Islands regulator takes control of insurance company

The Cayman Islands Monetary Authority last week advised
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Bermuda's efforts to fight money laundering, terrorism financing to be evaluated

Bermuda's efforts to fight money laundering and terrorism financing will be evaluated next year, new Bermuda Premier David Burt said at a press conference last week. Bermuda's last Caribbean Financial Action Task Force last report on the British overseas territory was dated May 12, 2014. Bermuda's last detailed assessment report also known as the 3rd round mututal evaluation report is dated January 29, 2008. At the press conference last week, Burt said:

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Govt to fund small, innovative exporters

Caribbean Industrial Research Institute (CARIRI) formalised its relationship "institution-to-institution" with ExporTT with the signing of a memorandum of understanding (MoU) yesterday at CARIRI offices in Freeport.

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Shareholders stood down

Giving way to the court for reasons the meeting was not told, Kirk Carpenter and Carlton Reis, representative of CL Financial major shareholder Lawrence Duprey, gave the court an undertaking they would not offer themselves to be elected as directors of CL Financial, which would have tipped the balance of power and control over CL Financial in the shareholders' favour, and pre-empted the ongoing court action.

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Trinidad & Tobago Defence Force investigates overpayments

A press release from the Trinidad and Tobago Defence Force today (read more below) does not name the alleged culprits nor the sums of money supposedly overpaid.

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Sa Gomes resigns from Ansa Merchant Bank board

The Trinidad and Tobago Stock Exchange Limited (TTSE) received notice from Ansa Merchant bank Limited (AMBL) advising that Chip Sa Gomes resigned from the Board of Directors of AMBL effective July 28th, 2017, the TTSE said in a July 27 notice. No reason was given.

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RBC Royal Bank Bahamas to make changes to fees and charges

The bank did not say if fees will be going up or down but in the rest of the Caribbean, RBC has been raising its fees.