THIS MONTH, the Central Bank relinquished emergency control of Colonial Life Insurance Company (Clico), bringing to a formal end a bailout that stretched over a dozen years, through three prime ministers, and involved the diversion of almost $20 billion in treasury funds. But while this is a momentous development, no one should be fooled. We
Colonial Life Insurance Company (Clico) has paid off $17.3 billion in debt, inclusive of interest, to the government and is looking forward to creating new business and continuing to serve its policyholders. This was revealed by Clico's executive chairman Claire Gomez-Miller at a press conference at the Central Bank, Port of Spain on Tuesday morning.
THE EDITOR: With the latest commission of enquiry (CoE) into the Paria tragedy and all the brouhaha, angst and surreal things unfolding, we have to pause and ask ourselves what will become of this? There have been several CoEs formed over the years to probe and gather facts/truth in cases of alleged improprieties, misconduct and
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