Home' Trinidad and Tobago Guardian : October 25th 2014 Contents A19
Saturday, October 25, 2014 www.guardian.co.tt Guardian
: GENERAL MANAGER, OPERATIONS
The Facilities Manager ensures that the infrastructure of The National Mail Centre and all TTPost buildings, both
owned and leased, are properly maintained. The incumbent is required to develop and manage construction projects
from inception to completion.
• Leads, manages and develops the Facilities Team.
• Prepares financial data on maintenance projects and programmes to ensure that projects do not incur cost overruns.
• Develops and implements preventative maintenance programme for all facilities.
• Optimizes resources (people, equipment, schedules) to ensure cost-effective maintenance management.
• Manages the facilities projects to completion, on time and within budget.
• Ensures the supervision of contractors on job sites.
• Responds appropriately to emergencies or urgent issues as they arise.
• Implements and maintains controls for documented procedures.
• Identifies relevant quality related training needs and works with the HR Division to execute same.
• Monitors performance by gathering relevant data and produces statistical reports
• Ensures compliance with national and international standards and legislation.
• Monitors and ensures adherence to health and safety rules, regulations and guidelines.
• Performs other related duties that may be required by the job function.
• Bachelor's of Science Degree in Civil Engineering, HND or equivalent
• Certificate in Project Management will be an asset
• Certificate in AutoCad/Draughting will be an asset
• Five (5) years experience associated with the maintenance of a national network of offices
• Significant experience in developing and implementing strategies to increase efficiency, maintain quality and
ensure continuous improvement
• Strong business acumen and ability to prepare strategic plans
The closing date for applications is Friday 31 October, 2014
Please note that unsuitable and late applications will not be acknowledged.
Applications should be addressed to: -
Caribbean Development Bank (CDB) will
once again ensure that Haiti has insur-
ance coverage to limit the impact of cat-
astrophic hurricanes and or earth-
CDB is providing a grant of US$2.57m
to cover Haiti s premium to the Caribbean
Catastrophe Risk Insurance Facility
(CCRIF) for the period June 1, 2014 to
May 31, 2015.
The decision to provide the grant was
taken at the 263rd meeting of the Board
of Directors of CDB which was held in
Barbados on October 16.
"On behalf of the Haitian government
and Haitian people I thank CDB for
agreeing to make this payment to the
CCRIF. This will ensure that the gov-
ernment is covered in the event the coun-
try is hit by a natural disaster during the
coverage period," said Hancy Pierre-
Louis, Haiti s director for CDB.
The fact that Haiti had no claims in
the 2012-2013 period would have earned
the country a rebate of US$1.285m on its
traditional premium. However, the Hait-
ian government has elected to use the
value of the rebate to secure policy cov-
erage for the additional hazard of excess
CDB also provided a grant to US$2.57m
to Haiti in 2013, for payment of its CCRIF
premium for the period June 1, 2013 to
May 31, 2014.
CCRIF, the world s first regional insur-
ance fund, is a parametric insurance facil-
ity, owned, operated and registered in
the Caribbean for Governments in the
Region. It is designed to limit the financial impact
of catastrophic hurricanes and earthquakes to
Caribbean Governments by quickly providing
short-term liquidity when a policy is triggered.
CCRIF was developed through funding from
the Japanese Government, and was capitalised
through contributions to a multi-donor Trust
Fund by the Government of Canada, the European
Union, the World Bank, the governments of the
United Kingdom and France, CDB and the Gov-
ernments of Ireland and Bermuda, as well as
through membership fees paid by participating
CDB in August lauded the inception of CCRIF s
excess rainfall insurance package and commending
the countries in the region that have purchased
a policy for 2014-15.
CDB gives disaster grant to Haiti
Foreign direct investment (FDI) inflows into 13
Latin American and Caribbean countries that
have available data decreased by 23 per cent during
the first half of 2014 with respect to the same
period last year, reaching a total of US$84.071
billion, the Economic Commission for Latin Amer-
ica and the Caribbean (Eclac) reported.
On a global level, however, FDI flows are forecast
to grow ten per cent during 2014, mainly due to
investments received by developed countries, the
United Nations regional organisation said in a press
The data unveiled this week corresponds to an
update that EclacC does every year to the main
figures in the report Foreign Direct Investment in
Latin America and the Caribbean, which was last
published in May.
The absence of big corporate acquisitions during
the first half of 2014---compared with the same
period last year---is one of the factors contributing
to the decline in FDI towards the region. Another
important element for various countries is the
deceleration seen in mining investments due to
lower prices for metals.
A significant part of the overall decline is con-
centrated in Mexico, where the purchase of the
Modelo brewery in 2013 by the Belgian multinational
Anheuser-Busch InBev for $US13.249 billion gave
an exceptional boost to FDI flows.
In addition, during the first half of 2014 a foreign
direct investment outflow of US$4.495 billion
dollars resulted from AT&T s sale of its stake in
Beyond these atypical phenomena, Mexico kept
receiving FDI flows at a similar level to that of the
previous five years, with a large amount of inflows
going to the export industry, particularly the auto-
The outward foreign direct investment from Latin
America and the Caribbean, which had decreased
in 2013, grew notably during the first half of 2014.
With the exception of Mexico, where outward
investment flows dropped 18 per cent, all the coun-
tries with important "translatina" companies saw
their outward FDI rise.
Outward direct investment also increased slightly
in Chile (8 per cent) and significantly in Venezuela
(29 per cent), Colombia (65 per cent) and Argentina
(105 per cent).
Foreign direct investment
to region declines
The outward foreign direct investment
from Latin America and the Caribbean,
which had decreased in 2013, grew notably
during the first half of 2014. With the
exception of Mexico, where outward
investment flows dropped 18 per cent, all
the countries with important "translatina"
companies saw their outward FDI rise.
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