Home' Trinidad and Tobago Guardian : March 26th 2015 Contents A73
Thursday, March 26, 2015 www.guardian.co.tt Guardian
POINT LISAS INDUSTRIAL PORT DEVELOPMENT
NOTICE TO SHAREHOLDERS
PAYMENT OF DIVIDEND
Based on the Financial Results for the year ended December 31st,
2014, the Directors have declared a final dividend of fifteen cents
(15¢) per share payable on May 29th, 2015 to shareholders on the
Register of Members as at May 8th, 2015 which has been fixed as
the Record Date for the payment of dividend.
NOTICE OF ANNUAL MEETING
NOTICE IS HEREBY GIVEN that the Forty Eighth (48th) Annual
Meeting of shareholders of Point Lisas Industrial Port
held on Thursday June 11th, 2015 commencing at 2:00 p.m. at
Point Lisas Industrial Estate, Couva, Trinidad.
By Order of the Board
Point Lisas Industrial Estate
Couva, Trinidad, West Indies
March 26th, 2015
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RIO DE JANEIRO---Rio de
Janeiro s mayor unveiled the city s
controversial Olympic golf course
yesterday and laid out an ardent
defence of a project that has been
criticised by environmental
activists and is at the centre of
The course, part of which has
been carved out of a nature reserve,
had been kept strictly under wraps
during a construction phase that
is nearly complete after more than
a year s work.
Gently rolling hills covered with
lush grass that looked like it would
be at home in Scotland surrounded
small islands of native plants.
Sprinklers were hard at work under
a harsh midday sun during the
visit by news media.
The bucolic setting has been
embroiled in a controversy stretch-
ing back years that has overshad-
owed what was meant to mark
golf s triumphant return to the
Olympics after a 112-year absence.
Prosecutors have repeatedly
requested for work on the course
to be halted over alleged irregu-
larities in environmental impact
studies, though a judge rejected
the latest demand late Tuesday
night. In a separate case, another
prosecutor is weighing whether to
bring charges against Mayor
Eduardo Paes for allegedly granting
concessions to developers. Still
other questions persist about the
ownership of the land.
Paes dismissed the allegations,
insisting in an agitated, two-hour-
long presentation that the course
has been built in strict accordance
with the law.
"It s hogwash, it s a lie...it s a
fallacy," Paes said, as he delivered
a barrage of facts, figures, photos
and images of documents about
the golf course. "Lies cannot pre-
He pledged total transparency,
with Brazil in the midst of an
investigation into a massive cor-
ruption scheme at the state-run
oil giant, Petrobras, which has
rocked the country with near-daily
"Rio City Hall and I personally
are very conscious that we are
going to have to explain and re-
explain (things) and prove ourselves
more than we would have to if we
were staging the London Olympics,
for example," he said.
Paes also insisted that while some
land from the nature reserve was bull-
dozed to make way for the course s
grassy knolls, because the lion s share
of the terrain used to be a sand quarry,
the course has actually increased the
amount of native plant life in the area.
"Does this look like an environmental
crime?" he exclaimed, arms akimbo,
as he led reporters over the course s
spongy grass. Earlier, Paes projected
aerial photos from the 1980s apparently
showing what s now the golf course
dotted with concrete structures.
Environmentalists contend that hardy
subtropical vegetation had since retaken
the area and that before the bulldozers
descended it had become home to sev-
eral endangered species, including
species of butterflies and frogs.
"He (Paes) thinks that all green s the
same," said Jean Carlos Novaes, a mem-
ber of the Golfe Para Quem (Golf For
Whom) group that has been protesting
outside the site for months.
"But non-native grass is just not the
same thing as the native ecosystem."
Novaes, who was among a small
group of protesters yesterday, insisted
it was unnecessary to build a new
course in the first place, since Rio
already has two other golf courses---
despite golf s status in Brazil as an
unpopular sport played almost exclu-
sively by the moneyed elite.
The owner of one of the courses has
said he wrote to authorities to offer it
up for the Olympics but never heard
Novaes said that donations made to
Paes political campaign by a wealthy
and powerful developer who s building
luxury residential towers on the margins
of the golf course were the real motor
behind the construction of the course.
Rio unveils controversial Olympic golf course
Protesters outside the Olympic Golf course in Rio de Janeiro, Brazil,
yesterday. The mayor of Rio Eduardo Paes, has defended the city's
controversial Olympic golf course, which is at the centre of complicated
legal wranglings since the course was partially carved out of a nature
reserve. AP PHOTO
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