Home' Trinidad and Tobago Guardian : February 27th 2014 Contents A53
Thursday, February 27, 2014 www.guardian.co.tt Guardian
Applications are invited from suitably qualified persons to fill the position of Regional
Coordinator, Central Purchasing Unit at the North-Central Regional Health Authority
Regional Coordinator, Central Purchasing Unit
The Regional Coordinator, Central Purchasing Unit is responsible for coordinating the
centralized system for the procurement and control supplies, equipment materials and
services utilized within the North-Central Regional Health Authority. He/She provides
leadership and direction for the department and its employees and supports the management
team in decision-making to ensure cost effective, quality oriented purchasing.
Assist the Chief Financial Officer in determining the strategic goals for the Unit and
developing strategies to execute implement and achieve the objectives set.
Plan, organize and supervise the procurement of materials, equipment, works, supplies
and services in accordance with Regional Health Authorities (Contracting for Goods &
Oversee the Authority's tendering and procurement processes to ensure compliance
with; the Authority's Financial Policies and Procedures, the Regional Health Authority
Regulations and the professional standards set forth by CIPS,
Coordinate the invitation of bids, sourcing of quotations, evaluation of bids, issuing of
letters of award and issuing of procurement contracts in accordance with the Authority's
Policies & Procedures.
Work with NCRHA's legal advisors and other group to ensure controls are in place to
manage contract risks, minimize fraud exposure and to protect the Authority's interest.
Work with the Management team to register and pre-qualify suppliers and to manage
this database through vendor feedback mechanisms
Develop and administer a product standardization program and work with management
to develop standard product specifications.
Participate in preparing departmental personnel utilization plans and budgets.
Establish key performance indicators and metrics to measure and assess both
departmental and staff performance in accordance with set department and individual
Minimum Requirements and Experience:
The incumbent is required to have a Bachelor's Degree, must have a Chartered Institute
of Purchasing & Supply professional designation, at least eight (8) years experience in
supply chain management and at least five (5) years at a supervisory/management level
Completion of Masters' Degree is desirable, but not required
Must be experienced with Automated Systems
* Certificates acquired at foreign universities MUST be supported by certified transcripts as
well as evidence that the completed programme is accredited in Trinidad and Tobago
Applications must be submitted along with Curriculum Vitae by March 07, 2014 to:
Office of the Chief Executive Officer
North-Central Regional Health Authority
Building # 39, Third Floor
Eric Williams Medical Sciences Complex
Unsuitable/late applications will not be acknowledged.
WASHINGTON---The Supreme Court ruled yester-
day that victims of former Texas tycoon R Allen
Stanford s massive Ponzi scheme can go forward
with class-action lawsuits against the law firms,
accountants and investment companies that alleged-
ly aided the US$7.2 billion fraud.
The decision is a loss for firms that claimed federal
securities law insulated them from state class-action
lawsuits and sought to have the cases thrown out.
But it offers another avenue for more than 21,000
of Stanford s bilked investors to try to recover their
Federal law says class-action lawsuits related to
securities fraud cannot be filed under state law, as
these cases were. But a federal appeals court said the
cases could move forward because the main part of
the fraud involved certificates of deposit, not stocks
and other securities.
The high court agreed in a 7-2 decision, with the
two dissenting justices warning that the ruling would
lead to an explosion of state class-action lawsuits.
Stanford was sentenced to 110 years in prison after
being convicted of bilking investors in a US$7.2 billion
scheme that involved the sale of fraudulent certificates
of deposits from the Stanford International Bank.
They supposedly were backed by safe investments
in securities issued by governments, multinational
companies and international banks, but those invest-
ments did not exist.
Former investors who were blocked under federal
law from seeking damages from the firms that worked
with Stanford filed suit under state law in Louisiana
and Texas. But the defendants claimed those suits
were also blocked by the Securities Litigation Uniform
Standards Act, a federal law aimed at limiting private
lawsuits that allege securities fraud.
Writing for the court, Justice Stephen Breyer said
the law does not preclude the class-action lawsuits
because the fraud at the center of the scheme does
not involve a "covered security." Breyer said the fraud
involving certificates of deposit "bears so remote a
connection to the national securities market that no
person actually believed he was taking an ownership
position in that market."
Prosecutors say Stanford persuaded investors to
buy certificates of deposit from his bank on the island
of Antigua. He then used the money to fund a string
of failed businesses, bribe regulators and pay for his
lavish lifestyle. (AP)
KINGSTON---Jamaica will allow visa-free travel
for vacationers from China as the island tries to
develop new markets for its tourism industry.
Tourism minister Wykeham McNeill said yesterday
that Chinese tourists will soon be able to travel to
Jamaica for 30 days without a visa. The rule will take
effect in a few weeks.
For now, the number of Chinese travellers is small.
Last year, Jamaica attracted 2,430 Chinese tourists,
an increase of 15 per cent over 2012. McNeill says
Chinese citizens have had to travel long distances to
get visas from Jamaica s embassy in Beijing.
China is now Jamaica s biggest trading partner,
while Jamaica is China s biggest trading partner in
In recent years, Jamaica has relaxed visa require-
ments for nationals of Colombia, Venezuela, Russia
and a few other countries. (AP)
Jamaica to allow
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