Home' Trinidad and Tobago Guardian : November 11th 2013 Contents A6
Guardian www.guardian.co.tt Monday, November 11, 2013
CCHRISTMAS CLUB MEETING
Members of the Teachers Credit Union Christmas Club are
invited to attend the annual Christmas Club Meeting 2013 to
be held at the following venues:
(1) Trinidad Members - Saturday 16th November, 2013
Venue: Belmont Secondary (Junior)
Belmont Circular Road
(2) Tobago Members - Wednesday 20th November, 2013
Venue: Teachers Credit Union (Office)
Corner of Kirk & Mc Kay HILL
, knowledge in the online Asycuda
system an advantage
5: Accounts Clerk-Experience In Peachtree .
Finance Minister Larry Howai is
predicting healthy growth for the
local economy next year that will
rival the positives experienced over
the past four quarters.
He says T&T remains attractive
for new investment, citing the entry
of Jamaica Money Market Brokers
(JMMB) into this country s financial
services sector, through its 100 per
cent acquisition of Inter-Commercial
Speaking at a reception hosted by
JMMB at the Hyatt Regency Trinidad
on Saturday, to welcome IBL as a
wholly-owned subsidiary, Howai said
as maintenance work at Petrotrin s
refinery comes to an end, production
will return to full capacity to generate
added wealth for the Treasury.
But these new causes for opti-
mism, Howai said, did not mean that
the Government was putting the
brakes on strengthening the financial
According to the minister, the State
is doing everything to promote overall
growth in the economy, but that
must run parallel to the introduction
of enhanced regulation to prevent a
repeat of the near collapse of Hindu
Credit Union and Clico.
"And certainly, next year, as some
of the problems we faced in the ener-
gy sector over past two years---as all
the maintenance work gets behind
us---we re really looking forward to
seeing an acceleration of that growth
prospect," he said.
"I think JMMB has come into T&T
at the right time. They have empha-
sised the right kind of values, they
stated the right kind of vision to be
able to provide to right kind of serv-
ices that their customers need, while
at the time, doing so in a way that
creates value and that represents the
need to have a strong stable insti-
tution, particularly in the financial
services sector. As we go forward,
the Government of T&T will seek to
enhance the regulatory framework.
"Over the past year, we have
moved T&T from the grey list. We
introduced the AML/CFL legislation
to strengthen that, so that we have
the right kind of framework for oper-
ating in T&T.
"We have introduced the new
Securities Industry Act and that will
certainly strengthen the securities
industry regulation and the entire
environment for the securities indus-
try in T&T. We have laid the Insur-
ance Bill. It has to be relaid because
Parliament was prorogued, but that
will happen within the next week or
two. We will have a new Insurance
Act in place within the next two
months and we are looking to bring
the credit union sector under better
regulation over the coming months.
"All of that, and new Occupation
and Pension Bill, as we try to
strengthen the overall framework for
pension management in T&T. We
are quickly bringing these things to
resolution over the next few months.
"So I am looking forward very
positively to next year, as the econ-
omy continues to accelerate and as
the regulatory process gets in place
in the right way," Howai said.
University of the West Indies
principal Professor Clement
Sankat wants to see more
progress in the construction of
the university s South law cam-
He was speaking to the T&T
Guardian after touring the facility
at Picton, San Fernando. Also on
tour were Minister of Tertiary Edu-
cation Fazal Karim and UWI
Chancellor Sir George Alleyne.
Sankat said there was no short-
age of funds to complete the proj-
ect being built by China Jiangsu
Cooperation Corp at a cost of $500
million, but seemed a bit unhappy
with the pace of the work.
"We need to see more progress
but I am satisfied that we are mak-
ing progress as construction is
being intensified every day. My
last visit was last week and I am
seeing a greater sense of urgency
(to complete the project)," Sankat
He added that the university
was sticking to its schedule of hav-
ing its first intake of students by
"We know there is going to be
a lot more work but we want to
get our law faculty going. We have
challenges for space right now on
the St Augustine campus. We have
a full complement of 450 students
on the campus and we are expand-
ing the staff so we need to get
these facilities up and running,"
He said when the law campus
started in St Augustine, he said
there were only two members of
"We started this from scratch.
The law faculty two years ago had
two members of staff but now we
have seven. We want to get 15 aca-
demic staff in a year and a half,
plus support staff," he said.
He noted that more than 100
pupils graduated with law degrees
during the recent graduation exer-
"We already have our 2014
intake and now it is a matter of
whether we can get these law
buildings and residences completed
and outfitted," Sankat added.
He said weather was initially a
problem but despite the odds,
extensive piling and foundation
works were completed.
"Our contractors and project
managers are working hard at it.
I am hopeful. It was always a very
aggressive project," he said, adding
there are no concerns about qual-
ity.Karim, meanwhile, said the
labour supply will be increased
over the coming months.
"Given the circumstances and
weather conditions, the contractors
were advised to increase the labour
supply," he said.
"We expect within the next cou-
ple months---from January to
May---faster work will take place.
We have been advised that we are
on schedule for September 2014."
Karim said the buildings will be
completed by July and outfitted in
time for classes.
The funeral of mur-
dered teenager Deliah
Simon will be held at
the Nazareth African
(AME) Church at Sun-
shine Avenue, San
Juan, at 2 pm today.
Simon, 18, of
Road, San Juan, was
found at the bottom of
a precipice off the Toco
Main Road, Salybia, last
She was sexually
assaulted and strangled.
Several people have
been interviewed by
police, but no one has
Howai predicts healthy growth
Sankat wants faster work
pace at South law campus
Sieunarine Coosal, left, chairman/CEO, Coosal's (building construction); Robert
Costelloe, CEO, Lifetime Solutions (speciality construction), and Ramishwar
Mahabir, managing director, Trinidad Contractors Ltd (civil engineering), pose
with their plaques after being named Contractors of the Year at the Trinidad &
Tobago Contractors' Association's Annual Awards and Gala Banquet at the
Hilton Trinidad, Port-of-Spain, on Saturday. PHOTO: ANDRE ALEXANDER
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