This paper accepts the view that the financial market environment as it relates to Trinidad and Tobago is different than that found in the US, Europe or Japan for that matter. Here, we are not experiencing an economic meltdown at least not yet. Credit is available, but credit is not being purchased as in normal times. The effects of the international financial situation have inevitably impacted and will inevitably continue to impact strenuously and adversely on the local economy. However, the CLICO malady may not be the only example of an irregular business regime and poor regulatory model.

At a mass meeting of hundreds of employees of the Republic Bank Limited, there was a total rejection of the Bank’s offer of a 16% increase in salaries for the period 2008 to 2010.  Negotiations for the settlement of a new Collective Agreement have been proceeding for the last four months between the Employer and the Union.

The Banking, Insurance and General Workers Union notes with concern the information disseminated at today’s media conference hosted by the Central Bank and at which vulnerabilities affecting CLICO Investment Bank/CLICO/ and C.L. Financial were highlighted.

Already seen our new service on this Webpage? You can now play the free Onlinegame "World Wide Wages". In this game you will be presented with five professions from five countries. Under these professions you will see five randomly placed hourly wages. Place the correct wage to the profession that belongs to.

You can find the Game in our Service Section.