The cash-strapped Chaguaramas Development Authority (CDA) is now probing a mysterious US bank account opened in the period 2011-2012, with a US$1.4m deposit, although there was no Board or Ministerial approval.
The account was red-flagged by the Auditor General because no documents relating to the account could be found.
The issue was raised by Tourism Minister Randall Mitchell on Wednesday when officials of the CDA appeared before Parliament’s Public Accounts Committee.
Effective August 01, Caribbean Airlines will introduce “Caribbean View”, free wireless in-flight entertainment on its Boeing 737-800 fleet, the airline said in a statement on Thursday.
The new service will allow its customers to stream blockbuster movies, television programmes, games, magazines and more Caribbean content to their personal devices via a browser using Bluebox Aviation Systems’, Bluebox Wow platform.
A $12 billion in debt, much of which is due in one year’s time, total employee costs amounting to 50 per cent of operating costs and an overtime bill of $22 million a month are some of the issues the board of State-owned energy company Petrotrin must deal with.
The grim picture was painted by chairman Wilfred Espinet at a conference titled Macroeconomic Conversations hosted by the University of the West Indies in collaboration with Guardian Media Ltd at UWI’s St Augustine Campus yesterday.
It is up to Petrotrin’s board to determine the strategic direction of the company so there can be change, Energy Chamber President Dr Thackwray Driver said yesterday. He added that the funding to support the change must come from the private sector, not Government.
Driver’s comments followed an address by Energy Minister Franklin Khan at the opening of the Society of Petroleum of T&T’s Energy Conference on Monday in which he underscored the urgent need for change at the State-owned energy company, but said Government was not going to inject the capital needed for that change.