Daily Brief - Tuesday 28th March, 2017

NEWS

Ex-AG on crime: Buck stops with Govt

Former attorney general Ramesh Lawrence Maharaj didn't call any names yesterday but he was clearly taking issue with the approach of the Government and the Prime Minister in dealing with crime. Prime Minister Dr Keith Rowley has stated repeatedly the Government's (anti)crime plan is to equip the police to do their job. Read more here

Man killed at wake, two others injured

One man is dead and two others shot and wounded lastnight (Monday) while at the wake of the brother of reputed gang leader Selwyn "Robocop" Alexis, Sylvan Alexis, who was gunned down at his home on Friday evening in Enterprise, Chaguanas. Read more here

 

POLITICS

UNC wants army probe on children with guns public

The United National Congress, through attorney and Senator Wayne Sturge, has written to Chief of Defence Staff Brigadier General Rodney Smart asking for a copy of the report of the Board of Inquiry convened after the publication of photos of children linked to a senior government official handling high-powered weapons belonging to army. Read more here

Prima facie case made out against Abu Bakr

JAMAAT-al-Muslimeen leader Yasin Abu Bakr on Monday had a prima facie case made out against him after a Port of Spain magistrate said she was satisfied that sufficient evidence was presented to have sentence imposed on him for failing to appear before a commission of inquiry into the 1990 coup attempt. Read more here

 

BUSINESS

TCL makes takeover bid for Readymix

Trinidad Cement Limited (TCL), recently acquired by Mexican cement giant Cemex, has announced an all-cash takeover bid for Readymix (West Indies) Limited. According to the offer circular sent to shareholders yesterday, TCL will pay TT$11 or US$1.62 per share to acquire the outstanding shares that it does not already hold in Readymix. Read more here

  

REGIONAL

Stakeholders discuss way forward for regional sugar industry

The ability of sugar industry in the region to survive after the removal of production quotas in the European Union (EU) on 30 September, 2017, will depend on improved competitiveness and pragmatic diversification options, according to a Caribbean Community (CARICOM) Secretariat official. Read more here

IMF concludes consultation with the Dominican Republic

On March 24, 2017, the executive board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Dominican Republic.  The Dominican economy maintained the strong growth momentum of the past three years, which is only now beginning to taper off towards potential. Growth averaged 7 percent since 2014, outperforming most emerging markets and all the economies in the Americas, buoyed by domestic demand. Read more here

 

INTERNATIONAL

From Yemen to Mosul, Trump's rocky start in the Middle East

US President Donald Trump has vowed to wipe Islamist terrorism "from the face of the Earth" and says he wants the US to "start winning wars again" -- but he's gotten off to a rocky start in the Middle East. The US and Iraq are investigating whether a US-led coalition airstrike in the city of Mosul was behind the deaths of more than 100 people on March 17. If it is, it could be one of the greatest losses of civilian life caused by the coalition since it began strikes on ISIS in 2014. Read more here

Cyclone Debbie: 'Monster' storm batters Australia

A powerful cyclone has pummelled the north-east Australian coast, causing major damage, torrential rain and power cuts to tens of thousands of homes. Cyclone Debbie made landfall between Bowen and Airlie Beach in Queensland as a category four storm, whipping gusts of up to 263km/h (163 mph). It is moving inland as a category two but could cause damage for hours yet. One serious injury has been reported. Read more here

28th March 2017

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