C News

C News

Disputes arising out of construction and infrastructure contracts were the subject of a law symposium at the Hyatt.

Daily paid employees at the Studley Park Quarry in Tobago say they have not received salaries since December, added to that, they've been without personal protective equipment since October 2015 and are forced to perform their duties under those circumstances.

The youngest temporary senator to debate in the Parliament, Nikoli Edwards, had the chance to share his view on the child marriages on Wednesday night calling for the age of marriage to be 18 years old.

During the debate in the Senate on a bill to amend the Civil, Muslim, Hindu and Orisa marriage acts, and the Matrimonial and Property Act, in order to make the age of marriage 18 years across the board in Trinidad Tobago, the temporary senator said being married at a young age prevents a child from having opportunities.

A day after Dr. Rolph Balgobin resigned from the boards of Massy Holdings and the Arthur Lok Jack Graduate School of Business the call was repeated for him to resign at Angostura Holdings Limited.

Opposition Senator Kadijah Ameen said the information given by the Prime Minister in his address to the nation is nothing the country doesn't already know.

She went on to say, based on the presentation, it seems the government is on its way to privatize the state owned oil company.

Thursday, 12 January 2017 12:16

News Update For Thursday 12th January 2017

Prime Minister paints grim picture of Petrotrin in address to the nation; Decomposing body found in Chaguanas; Former national cyclist robbed along Beetham Highway among other stories.

A decomposing body was found in Chaguanas on Thursday morning. According to reports at around 7am gardeners discovered the severely decomposed body along Koker Road,Longdenville. 

Prime Minister Dr. Keith Rowley during his address to the nation discussed the affairs of state owned oil company Petrotrin, a conversation he said was "precipitated" by its recent play-out with the Oilfield Worker's Trade Union.

Dr. Rowley said the aversion of strike action by the OWTU has "saved the country from a major disruption" which if allowed to go through would have had considerably worsened this country's economic situation.

In this compilation report Janine Browne takes us into what some of this country's economic and energy experts make of the PM's address.

Prime Minister Dr Keith Rowley painted a grim picture of state-owned Petrotrin in his address to the nation last night. In the 26 minute speech, which followed the avoidance of a 90 Day strike by the Oilfield Workers Trade Union on Monday, he said mismanagement of the company’s massive debt along with cash flow problems, decreased production and falling oil prices have made it difficult for the company to operate efficiently.

Rowley explained the company owed the state a significant amount of royalties along with taxes and has had their credit rating downgraded from BA1 to BA3 by Moody’s, which could be lowered further if the company's liquidity is weakened or if Government’s support falls from very high to high.

The company is also over $13 Billion in debt, and the Prime Minister has urged executives and the country not to turn a blind to the situation. Dr Rowley also appealed for reason and maturity going forward as he said his government would do all it can to stay away from the IMF.

Wednesday, 11 January 2017 22:32

The Prime Minister’s Address To The Nation

The Prime Minister, Dr. Keith Rowley gives a picture of the state of Petrotrin after a major 90-day strike was averted on Monday.

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