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CLICO Barbados

CLICO Final Forensic Report UNSEALED

Here is the CLICO Final Forensic Report unsealed by Justice William Chandler on 10 March 2015.

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Senator Irene Sandiford-Garner

Senator Irene Sandiford-Garner Goes Bonkers

Submitted by Anthony Davis

Government Senator Irene Sandiford-Garner today hit out at the president of the University of the West Indies (UWI) Guild of Students Damani Parris for not thanking Minister of Education Ronald Jones for coming through with bursaries to help Barbadian students pay tuition fees Barbados Today 25 March 

My, my, my, what a tirade!

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Auditor General, Leigh Trotman

2014 Barbados Auditor General Report

The latest Auditor General report repeats findings by that office contained in earlier reports. Is is apparent the important  office of the Auditor General’s office is being deliberately sabotaged by government. How else can we explain justification for the largest Cabinet in post-Independence history presiding over a shrinking eco0nomy yet the office of the government auditor continues to be hampered performing its role. Bear in mind while the government ignores this important office the private sector has beefed up its compliance procedures in a world where there is now  heavy focus on corporate governance.

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QEH

Understanding Why Bacteria Are Present at the Queen Elizabeth Hospital (QEH)

The news broke last week that several bacteria present at the Queen Elizabeth Hospital (QEH) have caused many surgeries to be rescheduled. The first reaction by many Barbadians is to blame the management of the QEH for not ensuring the health care facility is adequately sanitized.  A deeper and more informed analysis of the problem indicate all hospitals have to defend the environs from marauding bacteria because of an increasing resistance to antibiotics.

View the following presentation with the compliments of BU family member Dr. GP.

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Adrian Loveridge

Target Members of Rewards Programs to Boost Tourists Numbers

Way back in 2001 we registered a business name and established a website domain under the trading title of MILESCloser. The idea then, which still has not changed, was to target the hundreds of millions of frequent flyer members who largely use their accumulated miles for vacation or holiday travel.

One of the impediments to growing the United States market especially is we are a little further away from key source market cities. Inevitably airfares are often more expensive, resulting in the overall cost of the ‘vacation’ making it more difficult when competing with other destinations. This is especially true with non-gateway departure points. A good example is Minneapolis-St. Paul to Barbados where the current cheapest bookable fare online in October or early November is US$761 economy return. For the same dates the miles required are just 25,000 and US$60.60 in taxes. So by getting rid of the perceived ‘high’ airfare, we then only have to compete on accommodation options.

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Minister Boyce, Minister of Health

QEH Problem, AGAIN

Submitted by Anthony Davis

Doctors are warning that shortages of basic and essential supplies will continue at the Queen Elizabeth Hospital (QEH) with Government cutting the allocation to the already underfunded facility by another $10 million this year. “The Barbados Association of Medical Practitioners (BAMP) is calling for ‘necessary, decisive and corrective action to be taken nowBarbados Today

My, my, my, this “people-centred Government” is at it again!

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The Late Hon Prime Minister David Thompson

Late Prime Minister David Thompson’s Name to be Given to St. John Polyclinic

It is an open secret the very close – who said incestuous? – relationship the late prime minister David Thompson and Leroy Parris enjoyed. They were pals, travel buddies, the two families had a financial relationship. Rumours abound about the content of Thompson’s will sized by some from 30 million to 70 million dollars. Also, […]

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Afra Raymond

Riding the Dragon

Originally posted on AfraRaymond.com:
Las Alturas buildings cracked. Courtesy T&T Guardian. This article is about the Las Alturas Enquiry into the collapse of two new Morvant apartment buildings erected by China Jiangsu International Corporation (CJIC) for the Housing Development Corporation (HDC). This Enquiry seems a politically-motivated one into a serious failure of professional practice…

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The Movie:Open Conversations About Race in Barbados

race

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Prime Minister Stuart - when words mean nothing

Prime Minister Fruendel Stuart Promises to Expose the Names of CLICO EFPA Policyholders

Prime Minister Freundel Stuart has done the unthinkable by breaking his silence on the CLICO mess. To quote him: “. . . Wait. There is going to be a lot to be said on this. Do not mistake my silence for an incapacity to speak. The time will come when all things will be made clear and explained. I ain’t saying anything yet” He added: “I have a list . . . of all of the persons who invested in the Executive Flexible Premium Annuity [EFPA], but I ain’t saying nothing yet. I know all the people who earning quick money, who were entranced by the lure of attractive interest rates. I know them, I have all of the names”.

Given the pace – or lack of it – at which Stuart moves Barbadians should not expect to hear from him anytime soon. Instead CLICO policyholders would prefer to hear the government enunciate a plan to resolve the plight of the policyholders.

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Minister of Finance Chris Sinckler

Chris Sinckler New Maths …

Submitted by Old Onions Bags CHRIS SINCKLER NEW MATHS….. Ammm let me see, if we.. COLLECT NUFF MORE TAXES ON INCOMES (Consolidated tax) + SEND HOME 6000 PEOPLE + BORROW AN ADDITIONAL $5 BILLION + DONT PAY NO VAT + DONT PAY TAXPAYERS INCOME TAX REFUNDS + HOLD BACK PUN PEOPLES DUE GASOLINE BENEFITS FOR […]

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Leslie Haynes

A Culture Of Diminishing Corporate Governance

Originally posted on Barbados Underground:
The CLICO Mess has brought into focus a bigger issue, the lack of a reliable governance framework. BU maintains we have witnessed a catastrophic regulatory failure which continues to challenge all jurisdictions CLICO operated. This view is contrary to William Layne’s who continues to dumb down the role of the…

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Adrian Loveridge

Success is About Making Others Feel Special

While this column has never been about individuals, I celebrated a milestone birthday a couple of weeks ago and could not help but spend a little time reflecting on the fifty years that I have spent mainly in the tourism industry. Some people evaluate success or what the definition of it differently and there is nothing wrong with that.

My introduction to the world of commerce at a very early age was driven not so much by any desire to become fabulously wealthy with all the associated trappings, but more by the basic need to fend financially for myself without the benefit of sustained further education as a result of a prolonged illness. Looking back, I learnt very quickly and by the age of 21, I had already become the majority shareholder and managing director of four companies which employed scores of people. This is not a boast, but a simple fact.

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Terrence Thornhill, Chairman of Enterprise Growth Fund Ltd

Terrence Thornhill the #2 CLICO Man in Barbados Continues to Get a Free Pass

The number two man for many years in the entity that was CLICO Barbados Holdings Ltd (CBH) is Terrence A. Thornhill. He sat and walked next to the embattled former CBH Chairman Leroy Parris. The recent Deloitte’s Forensic Report confirmed what many know and that is Thornhill is the man who has witnessed the unsavoury, […]

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Kirk Edwards

Barbados Cricket Selectors Blunder

Submitted by Wayne Cadogan-Pilgrim

Am I the only one, or are they others who continue to be baffled as much as I am after all these years as to how the Barbados and West Indies cricket selectors select players for duty? Even though they continue to fail game after game so miserably! I have always thought that any player seeking selection in any sports team had to be performing admirably and be selected on merit. Evidently this not the case when it comes to the Barbados cricket selectors

Is there anyone with a sound mind who could tell or explain to me how Kirk Edwards, could be failing for so long and yet the selectors continue to find favour in selecting him for national duty before other in form batsmen? Looking at the young man’s scores for the last eight to ten innings or more, are like selecting Lotto numbers which cannot add up to 120 runs. Why are the selectors continuing to select him in front of other young talented batsmen? Is it because of his arrogance that he is not listening to others regarding his batting problems? Or is it the same old problem that has always dog Barbados regarding favoritism?

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