Colm Imbert

Moonilal: Is public housing policy being held up by a personal feud

Former housing minister Dr. Roodal Moonilal is questioning whether public housing policy is being held up by a personal feud between two key players.

According to the former housing minister, the prime minister must explain whether the Finance Minister Colm Imbert is declining to give a government guarantees to NH International Caribbean Limited because of an ongoing private legal row involving the minister and the company’s chairman Emile Elias.

Appeal Court rules for Elias in matter involving Grenada Stadium construction

NH International, a construction company owned by former chairman of the Telecommunications Services of Trinidad and Tobago (TSTT), Emile Elias, has won in court against a company owned by Finance Minister Colm Imbert, in a legal matter arising from the construction of the Grenada National Stadium.

The Appeal Court has dismissed an application by National Stadium (Grenada) Corporation for a stay of execution of a judgement handed down in 2011 by Justice Peter Rajkumar in 2011 in favour of NH International.

Imbert: T&T has lost US$2.5 billion annually in foreign exchange earnings since 2014

Finance Minister Colm Imbert says that while he sympathises with two restaurants that have been forced to close down, he 's hoping that it could trigger a greater reliance on locally produced food products.

The restaurants have said that foreign exchange shortages are responsible for their closures.

Speaking in Parliament today, Minister Imbert said that he had seen where one of the restaurants indicated that the arrangement between the franchise holder and the local operator, was for the use of only imported food products.

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