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Martin George & Company > Articles posted by site_admin (Page 4)

RBC defends its credit card limits

RBC insists that the recent foreign exchange limits announced for its credit cards are necessary in the face of a steady increase in foreign currency transactions with no corresponding increase in supply. The Canadian-based bank said, like any financial institution, it regularly reviews the forex limits on clients’ credit cards and realised it would have to implement limits effective December 1. In response to questions from Guardian Media, RBC said, “We understand this situation may cause inconvenience, and we deeply empathise with our clients who rely on foreign currency for their personal and business needs. We also recognise the holiday months are...

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Tancoo accuses Govt of supporting “forex cabal”

The Opposition United National Congress (UNC) has accused the Government of having a vested interest in promoting and facilitating black market forex transactions in the country. Speaking at the UNC’s weekly media conference in Chaguanas yesterday, Member of Parliament Davendrenath Tancoo said the Government’s forex distribution policies are designed to enrich its financiers and friends at the expense of small and medium businesses and common people. Tancoo, the opposition’s shadow finance minister, called the businesses, who he alleged were benefitting, the “foreign exchange cabal.” “Monopolies have been created, simply because they can access foreign exchange but others in the same type of industry...

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Tobago business groups: SMEs feeling forex pinch

SMALL and medium-sized enterprises (SMEs) in Tobago are being gravely affected by the shortage of foreign exchange in the country, says Tobago Chamber of Industry and Commerce president Curtis Williams. There has been mounting concern among businessmen within recent weeks that the limited access to foreign exchange could affect the importation of certain food items, possibly prompting higher prices ahead of the hectic Christmas season. Businessmen are also calling on Finance Minister Colm Imbert to help ameliorate the situation by pushing for the private banking sector to review how it distributes foreign exchange. In an interview on November 2, Williams said the shortage...

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Tobago Business Chamber urges PSC: Reveal criteria to assess top police

AS murders and other violent crimes continue unabated, the Tobago Business Chamber is calling on the Police Service Commission (PSC) to reveal publicly the criteria by which the performance of the Police Commissioner and her executive team are assessed. “As crime continues to spiral out of control and the murder rate continues to skyrocket, we, in Trinidad and Tobago need to all take a mature, responsible, sober look at what we are doing in terms of our fight against crime and what we can do better to improve our effectiveness and efficiency in terms of stemming the bloodletting and the tide...

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Chamber head: Urgent action needed to rebuild public trust in police

Trinidad and Tobago Chamber of Industry and Commerce president Kiran Maharaj believes while action is needed to combat people parading as police to perpetrate crimes, urgent action is also required to restore the public's confidence and trust in the service. In a phone interview with Newsday, Maharaj described recent incidents as "beyond worrying." "This is striking fear into the hearts of citizens, where the trust we have in the police service who are supposed to protect us and the country is being totally eroded." She believes the police should implement and educate the public on protocols they should follow to help verify if...

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Martin George vows to revitalise Tobago Crime Stoppers

CHAIRMAN of the Tobago Business Chamber Martin George is saddened by the scourge and horror of crime which he said is bedeviling Tobago. On October 13, police began investigating the death of a 42-year-old Cunupia man whose body was found at the beach near the ANR Robinson International Airport in Crown Point. Marcus Archer, originally from Bejucal Road, worked with a contracting company in Tobago, and was last seen by colleagues at around 6 pm on October 12 when he was leaving work. His body was found with a chop wound to the neck. Police were called when a homeless man who lives near...

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Cunupia man, 42, found dead near Tobago airport

POLICE are investigating the death of a 42-year-old Cunupia man whose body was found at the beach near the ANR Robinson International airport in Tobago on October 13. Marcus Archer, originally from Bejucal Road, was employed with a contracting company in Tobago. He was last seen by colleagues at around 6 pm on October 12 when he was leaving work. His body was found with a chop wound to the neck and investigators have ruled out gang affiliation as a motive. Police were called when a homeless man who lives near the beach found Archer’s body at around 8 am and told a bather. Police...

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