Showing posts with label Tobago. Show all posts
Showing posts with label Tobago. Show all posts

Tuesday, September 30, 2014

NCB stock under-valued on Trinidad & Tobago Stock Exchange

An analysis has revealed that National Commercial Bank (NCB) is currently the most under-valued stock trading on the Trinidad and Tobago Stock Exchange (TTSE).
Trinidad-based First Citizens Research and Analytics made the observation in its September Market Insights released to investors. It said NCB is trading 194 per cent below its intrinsic value.  
First Citizens said with the bank, being the largest financial institution in Jamaica, NCB’s value is $2.94 per share, while it is trading on the TTSE for one dollar.
However, the analysts cautioned that Trinidadian investors should be aware of  the exchange rate risk involved with Jamaican stocks.
In light of  the currency depreciation earlier this year, the Jamaican dollar currently trades at five cents to one TT dollar.


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NCB stock under-valued on Trinidad & Tobago Stock Exchange

NCB stock under-valued on Trinidad & Tobago Stock Exchange

An analysis has revealed that National Commercial Bank (NCB) is currently the most under-valued stock trading on the Trinidad and Tobago Stock Exchange (TTSE).
Trinidad-based First Citizens Research and Analytics made the observation in its September Market Insights released to investors. It said NCB is trading 194 per cent below its intrinsic value.  
First Citizens said with the bank, being the largest financial institution in Jamaica, NCB’s value is $2.94 per share, while it is trading on the TTSE for one dollar.
However, the analysts cautioned that Trinidadian investors should be aware of  the exchange rate risk involved with Jamaican stocks.
In light of  the currency depreciation earlier this year, the Jamaican dollar currently trades at five cents to one TT dollar.


View the original article here



NCB stock under-valued on Trinidad & Tobago Stock Exchange

Monday, September 8, 2014

Catholic Archbishop says new Code of Ethics “a good moment” for Trinidad & Tobago

code_of_ethics_924233534PORT-OF-SPAIN, Trinidad, Friday September 5, 2014, CMC – Trinidad and Tobago political parties have signed a nine-page Code of Ethical Political Conduct with Roman Catholic Archbishop Joseph Harris saying “we believe it is a good moment for the nation”.

Prime Minister Kamla Persad Bissessar and the leader of the Congress of the People (COP) party, Praksah Ramadar, were not present at the signing on Thusday, but their respective political parties were represented at the event that was being coordinated by the Roman Catholic Church.

“We believe it is a good moment for the nation and that if we can fulfill what is in the code then I think our country would have taken a step forward,” Archbishop Harris said.

The five-part charter outlines a prohibited code of conduct that includes “No use of State resources for political campaigning; Not offering any inducement or reward to anyone joining a political party; Not use of language to provoke violence or make false or defamatory allegations”.

The charter, officiated by Archbishop Harris and co-chaired by Trinidad and Tobago Transparency Institute head, Deryck Murray.

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Section Three of the Code urges the political parties to refrain from using State advertising to induce media support and also to ensure that all parties participated in at least two live, televised public debates.

Each of the represented parties will nominate one member which will form a council. Those nominees are expected to be named by September 26. The council is expected to oversee and enforce the code.

The organisers said that the Code is expected to achieve four objectives including foster democracy, promote respect of human rights, encourage participation in the electoral process and promote an election process free from violence.

The document was also signed by Dr. Keith Rowley of the main opposition People’s National Movement (PNM) and the Independent Liberal Party (ILP) founded by Austin “Jack” Warner. It was also signed by the leader of the Movement for Social Justice (MSJ) David Abdulah.


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Catholic Archbishop says new Code of Ethics “a good moment” for Trinidad & Tobago

Wednesday, July 16, 2014

Pakistani teenage activist, Malala Yousafzai, to visit Trinidad and Tobago

Malala-Yousafzai-740 Seventeen year-old Pakistani activist, Malala Yousafzai (Credit: UN.org)

PORT-OF-SPAIN, Trinidad, Tuesday July 15, 2014, CMC – Seventeen year-old Pakistani activist, Malala Yousafzai will visit the twin island republic on July 31.

This was confirmed on Monday in a statement from the Ministry of Tertiary Education and Skills Training.

Yousafzai gained worldwide attention in 2012, when a Taliban gunman, who opposed the teenager’s advocacy for women’s rights to education, entered the school bus in which she was travelling and shot her in the head.

She survived the attack and went on to continue her advocacy work, most recently campaigning for the release of more than 200 schoolgirls kidnapped by Nigerian terrorist group Boko Haram.

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Malala has received numerous awards for her work as an activist, including the National Youth Peace Prize, the Mother Teresa Memorial Award for Social Justice and International Prize for Equality and Non-Discrimination among others.

Her birthday, July 12, has been named “Malala Day”.

Praising Malala’s initiative, Tertiary Education Minister Fazal Karim said, “We in Trinidad and Tobago are extremely fortunate to live in a country where all of our citizens are offered universal, free access to education from the pre-school to tertiary levels and as such we can be seen as a model of what this young lady is advocating for across the world.”

A statement from the University of Trinidad and Tobago (UTT) confirmed that Malala will be hosted by the institution in celebration of its tenth anniversary.

“She is a transformative voice in this generation – an advocate for the rights of girls in all countries and cultures to be able to access quality education,” the statement said.


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Pakistani teenage activist, Malala Yousafzai, to visit Trinidad and Tobago

Wednesday, July 2, 2014

Jamaica, Trinidad and Tobago to establish joint commission to improve bilateral relations

Dookeran_Nicholson Foreign Minister A.J Nicholson (left) and his Trinidad and Tobago counterpart, Winston Dookeran met in Port of Spain last week

KINGSTON, Jamaica, Tuesday July 1, 2014, CMC – Jamaica and Trinidad and Tobago have agreed to the urgent formation of a joint commission “or a similar entity” to advance the issue of enhanced functional cooperation between them.

A joint communiqué following the second round of bilateral talks between the two Caribbean Community (CARICOM) countries also re-affirmed “the importance of the consultations as a mechanism for strengthening political dialogue, reviewing bilateral cooperation and exchanging views on a range of pertinent issues”.

The first round of bilateral consultations on free movement in the CARICOM Single Market and Economy (CSME) was held here in December last year following the controversy that erupted when Port of Spain deported a number of Jamaican nationals. The move resulted in calls for a boycott of Trinidad and Tobago products in Jamaica.

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Foreign Minister A.J Nicholson and his Trinidad and Tobago counterpart, Winston Dookeran met in Port of Spain last week and according to the communiqué released here Monday, both ministers said they were cognisant of the fact that the Trinidad and Tobago and Jamaica’s bilateral relationship is based on a history of shared values, respect, friendship and a tradition of cooperation at all levels of government, business and civil society.

The communiqué noted that the meeting had assessed the progress made since the initial round of consultations “and agreed on the need to maintain and intensify efforts with a view to implementing initiatives on the bilateral agenda.

“In this regard, both sides agreed to explore urgently the formation of a Joint Commission or a similar entity to advance the issue of enhanced functional cooperation between the two countries.”

The communiqué said that both countries “have a vital stake in and share a common commitment” to CARICOM and in the spirit of regional cooperation,” will work together closely, seeking to advance common approaches to regional and international issues”.

On the issue of hassle-free travel, the ministers called for further discussions among their immigration and other relevant officials on the implications of the ruling of the Caribbean Court of Justice (CCJ) in the case involving the Jamaican national Shanique Myrie and Barbados.

The CCJ had in October last year ruled that Myrie be awarded BDS$75,000 (One Barbados dollar =US$0.50 cents) in non-pecuniary damage and BDS$2, 240 in pecuniary damages after she had alleged that when she travelled to Barbados on March 14, 2011 she was discriminated against because of her nationality, subjected to a body cavity search, detained overnight in a cell and deported to Jamaica the following day.

Myrie also claimed that she was subjected to derogatory remarks by a Barbadian Immigration officer and asked the CCJ to determine the minimum standard of treatment applicable to CARICOM citizens moving around the region.

The communiqué said that Trinidad and Tobago and Jamaica had expressed a desire for the discussions on the implications of the CCJ ruling to be held region-wide as well.

”Both sides engaged in a wide-ranging discussion on Community law as outlined in the above-mentioned Ruling and took note of the fact that CARICOM member states should treat with the review and amendment of their domestic legislation as required, in light of that ruling.

“Trinidad and Tobago provided details of its existing procedures whereby those CARICOM nationals denied entry have access to an administrative review of the decision of the Immigration Officer. Jamaica noted that its law makes provision in certain cases for a referral to a resident magistrate and that this could be used as a transitional measure to provide for judicial oversight pending formal amendment of its law consistent with Community law.”

The communiqué noted that both countries provided details of their on-going efforts to train Immigration Officers and that Immigration Officers from Trinidad and Tobago participated in sensitization sessions facilitated by the CARICOM Secretariat late last month.

“The two sides assessed the progress made with respect to the implementation of the Complaints Mechanism approved by the Council for Trade and Economic Development (COTED) in November 2013. It said that Trinidad and Tobago asserted that approvals from the respective line ministries and Cabinet were required before implementing the Complaints Mechanism and undertook to keep Jamaica abreast of developments in this regard. Jamaica noted that the Complaints Mechanism approved by the COTED has already been made available at its ports of entry.

“Both sides recommitted to the sharing of data regarding the travel of nationals between the two countries, and exchanged ideas on mechanisms to facilitate the enhanced exchange of information, on a regular basis, through mutually agreed channels.

“They also agreed to enhance the process for collecting and sharing more specific data in respect of travel between their respective countries.”

The communiqué said that discussions were also held on the issue of airport detentions and it was noted that Jamaica had dedicated accommodation facilities at their main airports for persons denied entry. In this regard, Trinidad and Tobago informed that options will be explored for providing facilities at the airports for persons denied entry.

“On the subject of the harmonizing of practices and procedures with regard to the free movement of skilled nationals, Trinidad and Tobago and Jamaica welcomed the work being undertaken in the context of the administrative component of the CARICOM Trade and Competitiveness Project (CTCP), with particular reference to the acceptance of a standardised Certificate of Recognition of CARICOM Skills Qualification (Skills Certificate).”

Both countries said that they had “reaffirmed their commitment to hassle-free travel and committed to work towards developing public education programmes to highlight the rights and responsibilities of those who exercise their right to travel or move freely in the Single Market”.

The next meeting between the two countries are expected to be held before the end of this year.


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Jamaica, Trinidad and Tobago to establish joint commission to improve bilateral relations

Tuesday, July 1, 2014

More gruesome murders in Trinidad & Tobago

The latest murder count in Trinidad & Tobago has put the total at 187 since the start of the year.

The Trinidad Guardian newspaper reported on Monday that there were four more killings in the last 24 hours, underlining the growing concerns of law abiding citizens of that country.

Two of those killed were brothers – nine-year-old Jadel Holder and 15 year old Jamal Brathwaite. They were both ordered to lie on the ground before being shot in the head on Sunday.

Then on Monday, in south Trinidad, 41 year-old Roopchand Harripersad of De Verteuil St, Lambert Village, San Fernando, was found dead around 8 a.m. He had a single gunshot wound to the head. Earlier, 17-year-old Michael Miguel, was found dead in Claxton Bay.

Roopchand had been released from jail about two weeks ago, and was well known to the police.

The newspaper reports that on Sunday, in the community of Morvant, the two brothers, aged nine and 15, were killed and their teenage cousin wounded in a gang-related incident at their home. Teenager Jamal Brathwaite and his brother Jadel Holder had just had lunch at their mother’s home at Petunia Avenue, Coconut Drive, around 3 pm when two gunmen raided the small-two storey duplex and executed them.

Trouble makers

Meanwhile, in other media reports, the police have been describing the two siblings who were executed as trouble-makers who had been involved in gang related activities.

Investigators said, despite his age, Brathwaite was well known to police, who suspect he had recently been initiated into the gang which operates in his community. He was also a suspect in several recent shootings in the Morvant area on the outskirts of the capital. 

Residents said Brathwaite had dropped out of school at the primary school level, while the nine-year-old is reported to have been a follower of his elder brother.


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More gruesome murders in Trinidad & Tobago

Sunday, August 4, 2013

Trinidad and Tobago profile

17 April 2013 Last updated at 10:45 ET Map of Trinidad and Tobago Trinidad and Tobago is one of the wealthiest countries in the Caribbean, thanks to its large reserves of oil and gas, the exploitation of which dominates its economy.


Inhabited mostly by people of African and Indian descent, the two-island state enjoys a per capita income well above the average for Latin America. Natural gas – much of it exported to the US – is expected to overtake oil as its main source of revenue.


Dependence on oil has made the republic a hostage to world crude prices, whose fall during the 1980s and early 1990s led to the build-up of a large foreign debt, widespread unemployment and labour unrest.


Promenade at Port of Spain The islands are a major tourist attraction Continue reading the main story Politics: A four-party coalition, the People’s Partnership, won snap elections in 2010. Kamla Persad-Bissessar is Trinidad and Tobago’s first female PM. Politics mirrors the country’s racial divideEconomy: Natural gas, oil and chemicals are key industrial sectors and export earnersAs with other nations in the region, Trinidad and Tobago – a major trans-shipment point for cocaine – has become ridden with drug and gang-related violence. This has clogged up the courts and has fuelled a high murder rate and much of the corruption that is reputedly endemic in the police. It also threatens the tourism industry.

In response, the government reintroduced capital punishment in 1999, despite strong international pressure not to do so.


Trinidad and Tobago hosts the Caribbean Court of Justice, a regional supreme court which aims to replace Britain’s Privy Council as a final court of appeal. The council had been seen as an obstacle to the speedy implementation of death sentences.


Sighted by the explorer Christopher Columbus in 1498, Trinidad was settled by the Spanish before being taken by Britain in 1797. A succession of European powers laid claim to Tobago.


Calypso music and steel drum bands feature in carnival celebrations on the larger island. Relaxed and peaceful in comparison to its densely-populated neighbour, Tobago attracts diving enthusiasts and nature lovers. The island is self-governing.


Hindu worshipper prays at a temple in Trinidad and Tobago Hindus make up around a quarter of the population of Trinidad and Tobago

View the original article here



Trinidad and Tobago profile

Sunday, July 28, 2013

Trinidad and Tobago profile

17 April 2013 Last updated at 10:45 ET Map of Trinidad and Tobago Trinidad and Tobago is one of the wealthiest countries in the Caribbean, thanks to its large reserves of oil and gas, the exploitation of which dominates its economy.


Inhabited mostly by people of African and Indian descent, the two-island state enjoys a per capita income well above the average for Latin America. Natural gas – much of it exported to the US – is expected to overtake oil as its main source of revenue.


Dependence on oil has made the republic a hostage to world crude prices, whose fall during the 1980s and early 1990s led to the build-up of a large foreign debt, widespread unemployment and labour unrest.


Promenade at Port of Spain The islands are a major tourist attraction Continue reading the main story Politics: A four-party coalition, the People’s Partnership, won snap elections in 2010. Kamla Persad-Bissessar is Trinidad and Tobago’s first female PM. Politics mirrors the country’s racial divideEconomy: Natural gas, oil and chemicals are key industrial sectors and export earnersAs with other nations in the region, Trinidad and Tobago – a major trans-shipment point for cocaine – has become ridden with drug and gang-related violence. This has clogged up the courts and has fuelled a high murder rate and much of the corruption that is reputedly endemic in the police. It also threatens the tourism industry.

In response, the government reintroduced capital punishment in 1999, despite strong international pressure not to do so.


Trinidad and Tobago hosts the Caribbean Court of Justice, a regional supreme court which aims to replace Britain’s Privy Council as a final court of appeal. The council had been seen as an obstacle to the speedy implementation of death sentences.


Sighted by the explorer Christopher Columbus in 1498, Trinidad was settled by the Spanish before being taken by Britain in 1797. A succession of European powers laid claim to Tobago.


Calypso music and steel drum bands feature in carnival celebrations on the larger island. Relaxed and peaceful in comparison to its densely-populated neighbour, Tobago attracts diving enthusiasts and nature lovers. The island is self-governing.


Hindu worshipper prays at a temple in Trinidad and Tobago Hindus make up around a quarter of the population of Trinidad and Tobago

View the original article here



Trinidad and Tobago profile