Monday, December 10, 2012

Caribbean Single Market and Economy Implementation being urged

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1 comment:

Anonymous said...

Up to now, I have not heard one single concrete and implementable idea of how by implementing CSME, countries like Saint Lucia will benefit from this "join the club" bandwagon.

TNT has cornered the financial services market. It has also petro-dollared the capture of the more profitable retail/distribution businesses.

And the results have been far from spectacular: CLICO, a region-wide financial disaster for policyholders; The Almond purchases in Barbados, another investment failure; Sam Lord's in Barbados, shuttered and in mothballs; and the Barbados National Bank, retitled, Republic, has since the takeover, a lot of red ink flowing, with a major local institutional lender, namely, the Barbados NIS, selling its shares in this Trinidad-purchased majority-shareholding institution.

The TNT-purchased retail sector units and the conglomerates have neither shown nor announced any strategic planning, strategic partnerships, or investments in ERP.

After the initial rounds of M&As everythings is at a standstill.

Red flags are all around, combined with confounding non-business diplomatic and baseless happy-talk.

Damn it! What's in it for us?

December 12, 2012 at 10:45 AM

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