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- 20 September, 2024
MARK LOQUAN – NGC’S $200,000 MAN
MARK Loquan, President of National Gas Company (NGC), is earning $200,000 a month – and is currently renegotiating his remuneration package.
At the same time, the State enterprise is moving to send home 130 workers.
CANNABIS CAUSES HEART ATTACK, SAYS NEW STUDY
The study found that cannabis users under age 45 were twice to have a heart attack than non-users.
The investigation surveyed 33,000 people aged 18 to 44 who used cannabis within the past 30 days.
One of the study’s authors, a clinical scientist, said: “It is something important that health care professionals need to be aware of and counsel patients on.”
There was an earlier study that found a link between heavy cannabis use and heart attacks.
TRINIS CAN SOON GET HIGH ON $B CANNABIS INDUSTRY
Globally, the industry is reportedly worth more than US $20 billion, and is growing rapidly as more and more countries decriminalise marijuana and permit the establishment of industries.
Several Caricom countries have passed laws in recent months allowing for such industries.
The T&T law is mandating that 30 percent of investors in companies or cooperatives must be nationals.
CENTRAL BANK: TRAIN 1 AFFECTING GAS LNG OUTPUT
THE Central Bank has stated that the continued closure of Atlantic LNG has resulted in a 44.9 percent drop in LNG output over a two-month period.
“The lack of available natural gas resulted in the Atlantic Train 1 LNG facility being taken down (closure) at the end of 2020,” the bank said in its latest economic bulletin.
11 QUESTIONS ON THE $440 M TRAIN 1 SCANDAL
THE scandal over the loss of $440 million in the non-starter Train 1 of the Atlantic LNG project is prompting several searching questions?
CENTRAL BANK: T&T’S ECONOMIC CRISIS
The report stated that the budget deficit for the first nine months of the fiscal year (October 2020 to June 2021) was $7.2 billion – compared to $10.7 billion for the comparative period of the previous year.
“The Government relied heavily on domestic borrowings,” the bulletin stated, “and also tapped the Heritage and Stabilisation Fund (roughly $4.7 billion) to finance the budget deficit,” the bank stated.
The energy sector slumped by 14.4 percent, while non-energy slipped by 4.2 percent.
Natural gas output declined by 23 percent.
