Home' Trinidad and Tobago Guardian : April 24th 2014 Contents APRIL 2014 • WEEK FOUR www.guardian.co.tt BUSINESS GUARDIAN
REGIONAL | BG13
Visit the vacancy section of our website:
http://www.roytec.edu for further details
How to apply:
Applications should be sent to the Human Resource Manager at ROYTEC,
P.O. Box 282, 136 -- 138 Henry Street, Port of Spain, Trinidad and Tobago, W.I.
Deadline date for applications: April 30, 2014
To assist the Manager, Finance and Accounting with the discharge of his/her functions,
including; ensuring that ROYTEC's policies and procedures are implemented while
performing your duties and to ensure the integrity and security of accounting systems
The primary responsibilities would include:
Supervise the GATE O cers and Accounting Sta ;
Verify cheque payment vouchers, customer invoices and
supporting documents for accuracy and sign o .
Maintain the Fixed Asset Register and ensure proper recording of
new xed asset purchases and disposals.
Prepare associated depreciation schedules and monthly
depreciation journal entries for data processing.
Liaise with relevant parties to prepare programme recovery schedules.
Validate all GATE Batches submitted by the GATE supervisor before crossing
to data entry clerk.
Maintain Cash Books and inventory systems
Manage Ministry of Tertiary Education and Skills Training (MTEST)
Prepare bi-monthly Aged Receivables for MTEST
Assist with quarterly tax ling
Prepare monthly Bank reconciliations
Assist with year-end audit and Balance Sheet schedules
The ideal candidate should possess:
Pursuing ACCA level lll or an equivalent quali cation OR
a combination of relevant training and experience may be considered.
At least four (4) years' experience at a supervisory level in an accounting unit
Pro cient in the Microsoft O ce Suite with emphasis in Excel
Knowledge of Peachtree accounting will be an asset
Strong oral written and communication skills
Meticulous individual with a penchant for detail
The ability to guide and motivate subordinates toward meeting
Strong analytical and problem solving skills
A team player
liberalisation, and should therefore be
"purged" as a compromise in achieving
this ultimate objective.
Noting that the TPP and TTIP negoti-
ations have run into the "usual objections
from the usual suspects; labour unions
blaming trade for manufacturing decline
and job loss; environmental groups blaming
trade for climate change; anti-globalisation
activists sparing the developing world from
development," the Cato Institute concludes
that beneath the "hyperbole" and "vac-
uous, anti-capitalist hyperventilation"
about the agreement is a "kernel of truth".
"(This is that the) so-called investor-
state dispute settlement (ISDS) mechanism,
which enables foreign investors to sue host
governments in third-party arbitration tri-
bunals for treatment that allegedly fails to
meet certain standards and that results in
a loss of asset values, is an unnecessary,
unreasonable, and unwise provision to
include in trade agreements.
"Although detractors may not know it
by name, ISDS is a significant reason why
trade agreements engender so much
antipathy. Yet, ISDS is not even essential
to the task of freeing trade, so why burden
the effort by carrying needless baggage?"
said the institute.
In Australia, a bill introduced by Senator
Peter Whish-Wilson, which would ban
trade agreements between Australia and
other countries that include ISDS clauses,
has been garnering support.
Pensioner and religious groups have sup-
ported a bill to ban ISDS clauses in inter-
national trade and investment agreements,
raising concerns such as higher medicine
prices and the loss of Australian sover-
eignty, according to The Guardian of London.
The Combined Pensioners and Superannuants
Association of New South Wales (CPSA) has joined
the Catholic organisation, the Conference of Leaders
of Religious Institutes NSW (CLRI), which represents
a membership of 3,500 nuns, priests and brothers,
to condemn the use of ISDS clauses in its submis-
sions to a Senate committee.
The CPSA submission said it was "troubled by
the heavy influence of US corporations" and the
reduced capacity of the government to make laws
for the Australian people.
In 2011, Australian Trade Minister Craig Emerson,
said he would not support any deal that gave greater
rights to foreign businesses than domestic firms.
Pinder s recent disclosure about the contention
over Canada s efforts to include an ISDS in its trade
deal with The Bahamas come as both he and Prime
Minister Perry Christie have indicated that there
have been challenges in finalising a new trade deal
with Canada, which would enable the country to
avoid steep increases in duty rates being charged
on goods exported to Canada, ranging from crawfish
and fuel to pharmaceuticals and salt.
Prior to Pinder s comments regarding the ISDS,
the major sticking points holding up the deal had
not been entirely clear.
However, in a recent presentation to the National
Conclave of Chambers of Commerce, Pinder called
the trade agreement talks "very tenuous", and, in
a recent address to the University of the West Indies
on this nation s relations with Caricom, Christie
lamented that The Bahamas has not been able to
conclude a trade agreement with Canada.
The prime minister pointed to that The Bahamas
had supported Canada when it resisted the move-
ment of the headquarters of the International Civil
Aviation Organisation (ICAO) from Montreal, and
said the fact that the two countries "traditional
friendship" had not yet led to The Bahamas being
able to bring closure to a new trade deal was evi-
dence of what he termed a "fundamental disequi-
From Page 12 Negotiations still ongoing
Prime Minister Dr Kenny Anthony says he is con-
cerned about EC$150 million (one EC dollar = US$0.37
cents) in non-performing bank loans, vowing that
the problem has to be resolved.
"This is not an issue to be tackled by one country
alone, but by all of us in the financial space that we
occupy," Anthony said as he addressed the 50th
anniversary of Scotiabank operations in St Lucia.
Anthony, who is also Finance Minister, said if this
is going to be achieved, then the gulf between the
financial sector and the government that makes the
decisions must be addressed.
"The time has really come for us to be one team,
one partner, but protecting our respective interests,
but at the same time addressing the common interest
of the jurisdiction that we manage," the Prime Minister
He praised the "sheer efficiency" of the Bank of
Nova Scotia, adding that it belongs to a tradition of
Canadian banking that has helped nurse Canada
through "this extraordinary meltdown" with minimum
Anthony said what is clear is that the Canadian
banks have become models for the rest of the world.
"Were it not for the presence of the Canadian
banks in our financial space the situation that we
are now confronting would have been even more
serious than it is," Anthony told the ceremony, while
also paying tribute to retiring general manger Chester
Hinkson, who was leaving after 44 years.
PM: St Lucia non-performing
bank loans a concern
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