The decision has been taken to remain “extremely conservative” in determining revenue projections as it related to the medicinal marijuana industry. Camillo Gonsalves, Minister of Finance said in his 2019 Budget presentation that they were taking into account the time required to establish and operationalize the Authority. “The steps involved in conducting due diligence of applicants; the licensing and the establishment of cultivation and production facilities that can meet the legal and technical requirements,” he said. This therefore meant that revenue coming in for 2019 will primarily be derived from licensing fees. The minister of finance added that it was…
Author: Admin
Read More
The contingency fund, set up by government in 2017 in order to provide a source of revenue to respond to issues relating to climate change as of December 2018 has realized EC$12.6 million. And the fund is expected to receive an additional EC$12.5 million in 2019. “While this number remains small in the face of the multi-billion potential of a major natural disaster, it is nonetheless significant,” Minister of Finance Camillo Gonsalves, in delivering the 2019 Budget presentation yesterday (Monday). “If we are blessed with continued good fortune, in the near term, the Contingency Fund will be a reliable, home…
Government has increased taxes on tobacco products, alcoholic and artificially sweetened or sugar-added beverages in a move to discourage excessive consumption on those products. The new tax measures were announced yesterday by Minister of Finance Camillo Gonsalves during presentation of his 2019 budget address at the House of Assembly. Gonsalves said that for cigarettes containing tobacco, the excise will increase from $1.55 per 100 sticks to $2.75 per 100 sticks. Unmanufactured tobacco, tobacco refuse will see an increase from 6 percent to 10 percent. Cigar products will see excise duty going up from 14 percent to 20 percent. Other manufactured…
East Portland Member of Parliament, Dr Lynvale Bloomfield, was found murdered at his home on Saturday morning. He was 59. Bloomfield was, at the time of his death, a member of the opposition People’s National Party (PNP). His lifeless body was discovered by his housekeeper upon her arrival at him on Saturday morning.
Port of Spain -AT least 15 police officers have been identified — with more to come — on allegations of “bribing citizens” of this country. People are claiming that police officers — some assigned to the Western Division — have charged citizens between $600 and $1,000 to receive “police escort” in and out of the Western Main Road for the Soaka fete over the weekend. Commissioner Gary Griffith confirmed the investigation. “Your information is indeed correct. I was spearheading operations with SORT (Special Operations Response Team) when we were made aware of this situation. We intercepted the officers who were…
(USA TODAY) — “Young and the Restless” star Kristoff St. John has died at age 52. His attorney Mark Geragos confirmed the actor’s death, saying in an email: “Sadly we can confirm.” Officer Rosario Cervantes, of the LAPD, said police responded to an incident yesterday in the San Fernando Valley area where a person was pronounced dead. She could not confirm the name of the deceased. “We did respond yesterday at 2:05 p.m. on Morea Way for a possible alcohol overdose and that’s going to be a coroner’s case,” Cervantes said. USA TODAY has reached out to the medical examiner’s office…
www.trinidadexpress.com A 16-year-old girl from Wallerfield committed suicide by poisoning after her mother took away her cellphone on Saturday. According to police reports, around 12 p.m. the girl visited her mother’s workplace at WASA Plant, along Block 5, Wallerfield, to collect the keys for the house. The girl returned home and was in the company of her 13-year-old sister and brother. The mother told police she arrived home half an hour later and, upon calling out for her elder daughter, there was no response. The mother then checked her daughter’s bedroom and found the door locked. The door was eventually…
ASSOCIATED PRESS The Latest on Venezuela’s political crisis: A senior Canadian official says the country will announce new humanitarian assistance for countries most affected by the Venezuelan refugee crisis. The official says the announcement will come Monday at a meeting of nations that have recognized Venezuelan opposition leader Juan Guaido as the interim president of his crisis-torn country. Canadian Prime Minister Justin Trudeau and Foreign Minister Chrystia Freeland are hosting the meeting of the Lima Group, a regional bloc of 13 countries that have been vocal in denouncing Venezuelan President Nicolas Maduro. The official says Venezuela will need substantive international…
The Associated Press -A key group of European Union countries endorsed Venezuelan opposition leader Juan Guaido as the country’s interim president on Monday, piling the pressure on embattled President Nicolas Maduro to resign and let the country hold a new presidential election. Maduro, for his part, stood defiant and accused the United States of preparing a coup in the South American country. He also said he is trying to recruit the pope’s support for the opening of talks on Venezuela’s future. Spain, Germany, France and Britain delivered diplomatic blows to Maduro’s rule by publicly supporting Guaido after giving Maduro a…
A 23 year old football coach was arrested after he allegedly sexually assaulted a 15 year old girl at a birthday party. The man of Point D’Or, La Brea, was detained on Saturday, hours after the assault. The victim, accompanied by her mother, went to the Fyzabad police station and reported that around 1.30 a.m. she went to the ladies room of the venue of the party. The suspect entered the room and began kissing her on her lips and touching her private parts. WPC Monsegue took the report and accompanied the victim to the Siparia District Health Facility where…