Caribbean Airlines lost $260M on London route

Caribbean Airlines lost more than a quarter of a billion dollars flying the London route between June 2012 and January 2016, according to Prime Minister Dr. Keith Rowley.

Dr. Rowley was speaking in the Parliament on Wednesday evening on a motion to vest the assets of Petrotrin into three companies which will comprise the restructured entity.

In responding to the opposition’s position that it would not have shut down the state-owned refinery, Dr. Rowley referenced Caribbean Airlines’ London route.

Cabinet meets in Tobago tomorrow

This week's regular Cabinet meeting with take place in Tobago on Friday.

A statement by the Office of the Prime Minister says the Cabinet will meet at the Magdalena Grand Hotel tomorrow.

It says details regarding the Post-Cabinet Media Conference will be sent in a subsequent notice

Several government ministers were due in Tobago this weekend as the PNM's National Convention is taking place in Tobago on Sunday.



Sinanan: Reconstruction of collapsed road begins this weekend

Works Minister Rohan Sinanan is promising that reconstruction of the partially collapsed road at Balmain, Couva will begin by this weekend.

Responding to complaints from motorists about the horrendous traffic along the Balmain Main Road, Sinanan said it was not true that the entire road had collapsed. He said one lane was still passable.

Tourism Minister wants T&T to be "must-visit" destination for cruise lines

The  Ministry of Tourism says Tourism Minister Randall Mitchell, is working to make Trinidad and Tobago a “must-visit” destination for major cruise lines.

Minister Mitchell engaged in face-to-face discussions with executives of all the major cruise lines while attending the Florida Caribbean Cruise Association (FCCA) Conference and Trade Show held in Puerto Rico from November 5 to 9, 2018.

Over 100 cruise executives were in attendance along with over 30 high-ranking regional government officials.

Gov't secures further funding for flood-relief efforts from IDB

Minister of Planning and Development Camille Robinson-Regis has secured further financial support in the form of Grant Funding from the Inter-American Development Bank (IDB) towards emergency relief efforts for communities affected by recent flooding in October, the ministry said in a statement Thursday. 

This follows the grant of US$200,000 from the Caribbean Development Bank (CDB) through the utilisation of the Emergency Response Grant under the CDB’s Disaster Management Strategy and Operational Guidelines.  

Budget 2019's major highlights

The Government has raised the price of super gasoline by $1.

The announcement was part of several measures outlined in the 2018/2019 Budget read by Finance Minister Colm Imbert today.

The Budget was entitled "A Genuine Economic Turnaround".

The following are some of the Budget highlights:

Estimated Revenue: $47.724 billion

Estimated Expenditure: $51.776 billion

Estimated oil price: US$65/barrel

Estimated gas price: US2.75/mmbtu

OWTU, protestor gather outside Parliament

Members of the Oilfield Workers Trade Union (OWTU) and an individual citizen are currently outside the Parliament with their messages ahead of the reading of the Budget today.


WASA $91m a month wage shocker

At a time when the coun­try is en­grossed in the pos­si­ble fall­out of the Petrotrin re­fin­ery clo­sure, comes word that month­ly salaries at the state-run Wa­ter and Sewage Au­thor­i­ty (WASA) run at more than $91 mil­lion. This pays some 5,150 per­ma­nent em­ploy­ees and means in one year the au­thor­i­ty spends over $1.1 bil­lion in salaries alone.

WASA chair­man Rom­ney Thomas gave those fig­ures in re­sponse to ques­tions from the Sun­day Guardian about the au­thor­i­ty’s wage bill.

“Av­er­age month­ly salary and wages $91.475m,” Thomas wrote via What­sapp.