AN ATTORNEY representing a shareholder of CL Financial has written to the Governor of the Central Bank, Dr Alvin Hilaire, noting “with acute concern,” the failure of the financial regulator to publish the 2018 audited financials of CLICO, an insurance subsidiary of CL Financial by June 30, 2019.

The Central Bank took over the day-to-day management of CLICO on January 30, 2009, following financial problems that arose at the insurance company. The CL Financial shareholder is Nevicott, Natural Energy Vehicle Infrastructure Corporation of TT, which became a shareholder of the group last year when it purchased 5,878 ordinary shares from attorney David Hannays. 

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THIS week, we at Bourse highlight the importance of investing in securing your financial future. We consider three investor profiles – the conservative, moderate and aggressive investor - and offer some guidance for persons seeking to position their portfolios for the remainder of 2019.

LAST WEEK, on July 9, 2019, S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on the Republic of Trinidad and Tobago to ‘BBB’ from ‘BBB+’.

The trade union representing aviation workers is complaining about the lack of recognition of the Aviation, Communication and Allied Workers Union (ACAWU) and the non-payment of outstanding monies owed to employees of Caribbean Airlines Ltd (CAL) amounting to about $37,590 for the period January 1, 2007 to December 31, 2018.

Maintenance technicians had to move swiftly to drain super gasoline from several diesel-run vehicles on Wednesday afternoon, due to a fuel mix-up at NP’s service station just before the Starlite Shopping Plaza in Diego Martin.