Home' Trinidad and Tobago Guardian : June 21st 2015 Contents SBG12 NEWS
SUNDAY BUSINESS GUARDIAN www.guardian.co.tt JUNE 21 • 2015
BONKERS LIMITED (also known as TOUCAN INN)
In my capacity as Receiver of Bonkers Limited (In Receivership) also known as
Toucan Inn I am offering the assets of the Company for sale as either a
complete package or on an individual basis as outlined:
ASSETS FOR SALE
Approximately 42,066 sq. ft.
Store Bay, Local Road, Tobago.
Hotel & Restaurant-
4 Duplex Cabanas
(2 rooms per Cabana)
12 Hotel rooms
1 Two Bedroom unit
Restaurant and Bar
Approximately 12,960 sq. ft.
2 Knott Street
of freehold land.
3 storey structure
(main level 2,450 sq. ft.)
(land level 1100 sq. ft.)
(upper level 1225 sq. ft.)
Furniture and Fixtures -
Commercial Kitchen equipment,
beds, tables, chairs and air condition
To obtain a Confidential Information memorandum and arrange a site visit
Mr. Varune Mungal
Receiver -- Bonkers Limited (In Receivership)
c/o Business Recovery and Advisory Services Limited
86, Seventh Street, Barataria.
Trinidad West Indies
Telephone: 868-681-9235 or 868-326-7328
Conditions of Sale
1. Offers must be accompanied by a Manager's draft from a reputable
financial institution representing 10% of the purchase price offered. A
financial reference from a reputable financial institution on the
Purchaser's ability to complete the sale transaction within the 90 day
period. All Manager's drafts/Deposits would be returned if the offers
have not been accepted.
2. Balance of the purchase price offered to be paid within ninety (90) days
of acceptance of offer.
3. The Assets will be sold on an "as is where Is" basis subject to all
outstanding rates and taxes and outgoings.
4. The Receiver does not bind himself to accept the highest or any offer.
The current climate
of low oil prices
could see T&T
accelerate its drive
to diversify the
the Minister of Trade, Industry,
Investment and Communications
Vasant Bharath said.
Commenting in an interview he
gave to the global publishing,
research and consultancy firm
Oxford Business Group (OBG),
Bharath said that with data show-
ing FDI in non-hydrocarbons pro-
duction increased by over 90 per
cent from 2012 to 2013, T&T was
clearly "on the right track."
Recent successes, he added,
would be bolstered by a push to
secure strategic investment for tar-
geted, non-oil fields, including the
maritime industry, ICT and
"Many of these opportunities
are packaged to attract the kind of
investors we need," he said. "A
sustained drop in oil and gas prices
certainly focuses the conversation
on diversification. Sustained low oil
prices may cause us to look at the time-
lines and milestones for diversification
objectives and determine how they can
be brought forward."
The full interview with Bharath will
appear in The Report: T&T 2015, OBG s
first guide to the country s economic
activity and investment opportunities.
The landmark publication will also con-
tain contributions from key public and
private sector stakeholders, including
Prime Minister Kamla Persad-Bissessar,
Larry Howai, Minister of Finance and
the Economy; and Norman Christie,
regional president, bpTT.
These are balanced by viewpoints
from foreign representatives, including
Cecilia Álvarez-Correa, Minister of
Industry, Trade and Tourism of Colom-
bia; and Gerard Johnson, general man-
ager of the Inter-American Develop-
ment Bank, Caribbean Country
Bharath told OBG that T&T was
looking to shave at least 20 per cent
off its import bill by building domestic
production in key areas, such as food,
beverages and manufactured items.
"Boosting the capacity of industry and
services in T&T is linked to trade," the
"The ability to grow industrial capac-
ity will define our future trade
prospects." The country would increase
its focus on increasing exports in par-
allel, he added.
In the wide-ranging interview,
Bharath also mapped out the govern-
ment s multi-pronged strategy for
transforming T&T into a regional indus-
trial hub, which includes developing a
business-friendly environment, estab-
lishing designated industrial zones and
actively promoting clean technology.
The Report: Trinidad and Tobago
2015 will be a vital guide to the many
facets of the country, including its
macroeconomics, infrastructure, bank-
ing and other sectoral developments.
The publication will be available in print
About Oxford Business Group
Oxford Business Group (OBG) is a global
publishing, research and consultancy firm,
which publishes economic intelligence on
the markets of the Middle East, Africa, Asia
and Latin America and the Caribbean.
Through its range of print and online prod-
ucts, OBG offers comprehensive and accu-
rate analysis of macroeconomic and
sectoral developments, including banking,
capital markets, insurance, energy, trans-
port, industry and telecoms. The Report:
Trinidad and Tobago 2015 will be produced
in partnership with InvesTT.
Contributions have also been made by
Aegis Business Solutions and Pollonais,
Blanc, de la Bastide & Jacelon.
The critically acclaimed economic and busi-
ness reports have become the leading
source of business intelligence on develop-
ing countries in the regions they cover.
OBG's online economic briefings provide up-
to-date in-depth analysis on the issues that
matter for tens of thousands of subscribers
OBG's consultancy arm offers tailor-made
market intelligence and advice to firms cur-
rently operating in these markets and those
looking to enter them.
Caroline Nguyen, country director, Oxford Business Group with Vasant Bharath,
Minister of Trade, Industry, Investment and Communications
Oxford Business Group to publish landmark report on T&T
Minister: Lower oil prices could
quicken push to diversify economy
Oxford Business Group
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