Brave Gwyneth Shand laid to rest

ALTHOUGH she was afflicted with illness from childhood, Gwyneth Shand, 48, wasn’t obsessed with her body but knew how to live within that body, Fr Clyde Harvey said at a funeral service yesterday for Shand who died on Saturday after battling many serious illnesses.

Her sister Denise Clarke who delivered the eulogy at the church of Our Lady of Perpetual Help, San Fernando, spoke of Gwyneth’s great strength in coping with all the problems that beset her life. The church was packed to capacity with relatives, friends and hundreds of students of the Pleasantville Comprehensive, Cedros Composite and Marabella Junior Secondary where she became principal. Shand died on Saturday of a rare cancer she had been battling since childhood. Her life-long battle with sarcoidosis was recalled in the eulogy which described her as struggling to live, as wife, parent, teacher, artist, a steelpan player, choir member and counsellor. A curious mixture of practical woman and visionary best described Shand who wrote a book, Murphy Unmasked, describing how she coped with her illnesses and life experiences. Clarke told the congregation that her sister’s childhood was tinged and encircled with misfortune and uncommon illnesses which she fought with faith and an endearing sense of humour.

At the height of her career, the mother of three sons fought the rare multi-symptom disease. Several of the organs of her body became inflamed and Shand was forced to retire from teaching. She was said to have brought out the best in her students —a teacher who always had a smile on her face. Constantly going into and coming out of hospitals and knocking on the doors of specialist doctors to ease her pains, Shand even went abroad for treatment. It could be said that Shand really began living when the disease took a turn for the worse. She played pan with Fonclaire and sang in the church’s choir even though, Clarke said, the disease had affected the nerves in her right jaw and lungs. From her hospital bed, Shand would make gifts for her students. She began writing an autobiographical account of the traumatic years of her illness. She was featured on television for the courage she displayed and how she coped as a mother, wife and teacher. In fact, Clarke announced yesterday, Shand even wrote some of her funeral wishes. She delegated sister June Johnston to choose yesterday’s hymns. Son Michael read the Second Reading.

Officiating priest Fr Clyde Harvey, recalled how recently it was a smiling Shand who told him that doctors had discovered “more cancer in her body”. He told the congregation: “She took it with stride, because she had a desire to live freely within that body.” He added:  “For Shand, it was not what kind of body God had given her, but how to live within that body.” Recently, Shand had her house painted before leaving for Miami for treatment. She never returned to the house to live in it. “Instead, she has gone home,” Clarke said. Gwenyth is survived by husband, Larry and three sons, Craig, Michael and Mark.

Proper procedure followed on Jones’ salary

ENERGY MINISTER Eric Williams insisted yesterday that proper procedure was followed in fixing the $70,000 a month salary of Petrotrin Executive Chairman Malcolm Jones. “There is a procedure and as far I as understand, the procedure has been followed,” the Minister said in response to questions from reporters.

During Tuesday’s Senate sitting, Williams defended Jones’ pay package, saying that the Chairman’s salary had dropped from $82,656 to $46,200 between December 2001 and December 2002, when he left the private sector to re-enter the public sector. He added that Titan Methanol had assessed Jones’ worth as “deserving of superior compensation,” but when he assumed the position as President of Petrotrin, “the salary cut was even sharper”. Speaking with the media yesterday at the launch of the BG Science Buses at BG House, St Clair, Williams admitted that “this was not the first time I had seen conjecture as to some of these issues,” but assured that “the procedure was followed and it is what it is”. “Mr Jones, as far as I am aware, is being paid actually less than the going rate for his cohorts and equivalent CEOs in energy companies of that size in Trinidad and Tobago,” the Minister said

When he was asked whether there was Cabinet approval of Jones’ salary, Williams replied, “Well, it is safe to say that the procedure for approving these things was followed.” Questioned as to who exactly gave the approval, or if the Chief Personnel Officer (CPO) played a role, Williams referred to “a committee which is advised very heavily by the CPO”. He explained that the matter would have gone to that committee, following which the CPO would have accessed the information and it would have been approved. “Cabinet has set a system of doing these things so that in that sense, yes, the matter was put into the system and went through the appropriate process,” Williams said. He added: “The system was followed, and like I said, Mr Jones at the end of the day is actually being paid less than the going rate of his cohorts.” When asked whether a situation could develop where the Petrotrin Board will be instructed to stop paying Jones $70,000 per month, as was the case a when WASA CEO Errol Grimes had his paycheck downsised, Williams replied: “I can’t really speculate on that and there is a procedure, which was followed, and that’s the end of that.”

‘Slow’ rapist jailed for 13 years

A TOBAGO man found guilty of violently raping a deaf mute young woman four years ago was yesterday jailed for a total of 13 years with hard labour .

Isaiah Benjamin, 23, of Seaview Trace, Golden Lane, was sentenced by Madame Justice Paula Mae-Weekes in the Tobago Assizes. Benjamin, who was represented by attorney Larry Williams, was found guilty by a nine-member jury last month  and sentencing was postponed pending a probation report. On the charge of rape, Benjamin was jailed for eight years hard labour. He was also jailed for two years hard labour for indecent assault, and three years hard labour for assault occasioning actual bodily harm. Charges in the matter were laid by Cpl Carlisle Frank.

“Your actions could only be described as extremely predatory,” Justice Weekes told Benjamin, noting that he had been found guilty of rape in circumstances in which the victim was a young girl from his village. “You could not fail to know she had an impediment, being deaf and dumb. It must have occurred to you she had this impediment when she did not scream when you first attacked her,” the judge observed. According to evidence, the 22-year-old victim boarded a car on Wilson Road, Scarborough around 7 pm on December 18, 1999. Benjamin was one of the four occupants in the vehicle. On reaching Golden Lane junction they all disembarked and the victim was walking along the roadway to her home when Benjamin confronted her and started fondling her breast. The victim resisted. They wrestled, during which he struck her and pulled her down a bushy incline where he allegedly committed the act.

HIV POSITIVE CONVICTED RAPISTJAILED

A 40-year-old Bethel, Tobago man who was diagnosed as HIV positive, afflicted with pulmonary tubercolosis just over one year after and who allegedly raped a 16-year-old girl, was yesterday sentenced to 10 years simple imprisonment by Madame Justice Paula Mae-Weekes in the Tobago Assizes.

Called by the defence, Dr Friday Osuafa, who is attached to the Scarborough Hospital, testified in court yesterday that Glenford Guy was admitted to the institution on May 15, 2002 and tests confirmed he was HIV positive. He was also diagnosed as suffering from pulmonary tubercolosis (tubercolosis of the lungs) two months later, in July 2002. Dr Osuafa acknowledged that tubercolosis is an infectious, airborne disease that could be spread through spitting. Guy, who was represented by attorney Larry Williams, was found guilty of rape by a jury last month.

The incident is said to have occurred at Guy’s Common Hill, Bethel home on February 2, 2001. He was charged by WPC Denise Berkely. In passing sentence, the judge told the convicted rapist that he had “lured the 16-year-old to a place where you could take advantage of her. And (during the trial) you made it look as though the young girl was promiscuous. You require punishment; your actions require punishment”, Justice Mae-Weekes declared. “This is too prevalent! A stop must be put to it; and the courts have to take appropriate action in this regard”. The judge further told Guy: “Your movements will be well controlled in the prisons, and I trust that all medication possible will be made available to you there”. This in response to a plea from defence attorney that his client not be  sent to jail because of his medical condition and the highly infectious nature of tubercolosis.

According to evidence led by State Prosecutor Brambhanan Dubay, Guy, who was said to have been a friend of the mother of the victim, accosted the victim just after 9 am outside the Bethel Empowerment Centre. He told the victim that they were related and asked her to accompany him to his home, the court was told. The victim obliged, and when they got there an old woman who was at the home disappeared into a bedroom. The old lady was said to be senile. Guy then held on to the victim’s hand and began pulling her towards a bed. The court heard that the victim told Guy: “I didn’t come here for that”. He, however, stripped off her clothes and committed the act, the court was told. He later told police that he could not remember seeing the victim on the day in question.

Girvan’s plan


‘If the current liquidity
problems of Air Jamaica, BWIA and LIAT lead to
another round of government bailouts… a significant
opportunity will have
been missed’
 Professor Norman Girvan


Even as regional airlines, BWIA International, Air Jamaica and island-hopper LIAT are seemingly going belly up, the Association of Caribbean States (ACS) is plotting a course to try and free up governments’ straight-jacketed approach.

Secretary General of the Association of Caribbean States (ACS), Professor Norman Girvan wonders whether Caribbean governments are ready to capitalise on the opportunity. “If the current liquidity problems of Air Jamaica, BWIA and LIAT lead to another round of government bailouts, a significant opportunity will have been missed,” said Girvan. “ If history is any guide, the airlines will continue to lose money at taxpayers’ expense,” he said. He said a regionally co-operative approach would seek to reconcile support for regional tourism, including airline viability. In early April in Port-of-Spain, the regional grouping concluded its draft air transport agreement. Its aims, ironically, is to  increase cooperation among airlines and by extent helping sustain the growth of economies.

The move comes at a time when the bigger regional aircraft players are turning to their respective  governments to bail them out. If  they don’t cover the holes left by debt and losses, the troubled airlines could face extinction. According to agreement, which aims to unite the Caribbean by air and sea, airlines should have the right to fly across its territory without landing as well as the rights to make stops for non-traffic purposes in its territory. It also makes a case for designated airlines to have the right to set up offices in the “territory of another party for the promotion and sale of air transport.    The severe liquidity problem exacerbated by the 2001 terrorist events in the United States and to a lesser extent, the war on Iraq, has shown up the fragile nature of Caribbean carriers operating independently and who compete against  each other. Worse, there is no real form of a cooperation structure in place. While the big guns are losing hundreds of thousands of dollars daily, member countries of the Association of Caribbean States (ACS) are exploring other options to revive the beleaguered airlines. Girvan believes that the time has come for the airlines to end the competition among them and for governments to support a co-operative, integrated approach aimed at achieving profitable and adequate services.


In Trinidad and Tobago, Government has agreed to bail out financially-strapped BWIA by providing the airline with a $116 million loan but which has come with several conditions including changes to the management. In an audacious move, the BWIA board asked the Manning government to spell out its plan in writing only to be told that they were in no position to do so. “The Government has said to the Board, that as part of any money we are making available, we want this (conditions) done,” Public Administration  Minister, Dr Lenny Saith said. In BWIA’s case, some $25 million will go towards the outstanding lease on aircraft; $56 million towards severance benefits for workers; $12.5 million for US transportation taxes and over $20 million for working capital. Government’s assistance to BWIA is also in the context of a proposed regional airline which it wants the national carrier to be a part of along  with LIAT. Also in April,several Caribbean leaders including Prime Minister Patrick Manning met in Barbados to discuss proposals for financing LIAT (1974) Limited to ensure its continued service to the region, particularly to the tourism-dependent island states.


Central to the decisions taken was the agreement that there will be one carrier operating within the south and eastern Caribbean region. A technical team will be constituted to determine the appropriate structure for the single carrier and how to achieve it. It was agreed that Antigua and Barbuda will provide EC$4.8 million; Barbados EC$3 million, Grenada EC$300,000 and St Vincent and the Grenadines EC$2.5 million. Trinidad and Tobago agreed to make available to the LIAT shareholder governments in the Eastern Caribbean EC$12.5 million. This will take the form of a loan which is interest-free and which carries a five year moratorium on repayment. Across in Jamaica, the PJ Patterson Government is holding negotiations with the current controlling owners of Air Jamaica, Air Jamaica Holdings, a consortium of investors led by hotelier Gordon “Butch” Stewart who has refused to plough more of his own money into the beleaguered carrier.

Finance Minister Dr Omar Davies said the Government which currently has a 25 percent equity stake in the airline proposes to increase it to 45 percent under a debt-for-equity swap being arranged with Air Jamaica Holdings. If the government adds a number of convertible preference shares to that total, it could increase the government’s claim on the carrier to 55 percent, a move that will see Air Jamaica’s management changing hands, going back to its former owner. “The deal will make government the owner of the airline,” said Dr Davies. But in a recent press statement, Stewart was adamant that “although the government will increase its stake in Air Jamaica, it will not take over the operation of the airline.” Although Air Jamaica was privatised in 1994, the government continued to assume the airline’s debt of more than US$300 million. Dr Davies explained that the monies were in the form of “revenues foregone” or funds that were owed to various Government departments. Air Jamaica has been operating in the red for many years with accumulated losses running into hundreds of millions of dollars. In 2002, Air Jamaica racked up US$80 million in losses and is projected to lose US$35 million at the end of this year.

Expressing concern about air access to sustain the tourism based economies in the Caribbean, Secretary General of the Caribbean Tourism Organisation (CTO) Jean Holder said the business model used by the major scheduled carriers is severely flawed and that they must return to the drawing board if they are to remain viable and profitable. “ It goes without saying that the Caribbean region must find solutions and quickly to the problems of its own regional carriers if they are to be saved from liquidation in the very short term,” said Holder, adding that it was a crucial factor to the tourism industry. Under the heading Granting of Rights in the draft ACS air transport agreement, member countries can grant rights to other ACS states for the conduct of international air transport by designated airlines. Among them, the right to fly across its territory without landing; the right to make stops for non-traffic purposes in its territory and the right to operate third and fourth freedom traffic rights separately or in combination, on regular flights of passengers, cargo and mail.

Countries will also consider requests by designated airlines to operate non-scheduled passenger and/or cargo flights whenever these do not affect nor constitute unfair competition for scheduled flights. For the purpose of promoting multi destination tourism countries can grant stop over rights and direct transit traffic between their territories to the designated airlines. Maybe this is the light at the end of the tunnel whenever the BWIA, LIAT and Air Jamaica sort out their current difficulties.

Angostura Holdings investors hold out for returns

A review of financial information for Angostura Holdings Limited (AHL) for the last five (5) years presents a dichotomy for any industry watcher.  Whilst sales and assets have more than tripled their 1998 positions of TT$355M and TT$695M to TT$1,337M and TT$2,327M respectively, the AHL share has declined in the investment opportunity it presents to a shareholder’s portfolio with declining return on assets for the investor.

Any review of the financial data has to be in context of the company’s growth and expansion plans achieved over the last five years. Angostura Holdings Limited was incorporated on March 26, 1982 as a private company and was converted to a public company on September 29, 1982. The parent company, CL Financial Limited, was incorporated in Trinidad and Tobago on March 26, 1982 to acquire the Angostura Group of Companies. “The major objective in 2002 was to increase the pace of our drinks investments in order to grow our core brands globally both in terms of market presence and reach.” states Group Chairman Lawrence Duprey in the 2002 Annual Report. “During 2002 we initiated the concept and creation of global marketing platforms for all of the group’s brands. “CL World Brands plc is the newly formed global drinks company, wholly owned by CL Financial Group, headquartered in the United Kingdom that will now serve as the key driver of international growth and expansion.

“Todhunter International Inc will now be responsible for group distribution throughout North America; Angostura for the …Caribbean, Central and Latin America and Burn Stewart Distillers plc for Europe, the Far East, Africa and Australasia. Belvedere, the French listed vodka company, in which a minority interest was acquired in February 2003 by the CL Financial Group, has a particularly strong distribution network in Eastern Europe, the Far East and China.” Over the five-year period AHL has expanded both markets and product offerings. Investments in foreign companies and distributorship arrangements have allowed them to increase sales figures by 500% in the last five years.


Total assets for the company has steadily increased to four times the 1998 position, a reflection of constant upgrade of the local equipment and plant facilities and investments in overseas companies. “To build sustainable brand equity in the global market requires considerable marketing and advertising spending,” admits the Chairman.  The company has no choice but to fund all market research, advertising and related expenses.  This combined with cost of hiring new experienced personnel to serve at overseas market locations helped contribute to a declined profit to sales ratios from a 1998 position of 67% to hold constant at 5-7.5 % for the last three years.

The profit attributed to each share has declined from an all time high of TT$1.08 in 1999 to TT$0.28 in 2002.  Since the number of issued shares remains constant the results of declining profits are shown here. The company’s changed fortunes have not gone unnoticed by the stock market.  Share price fell from the all time high position of TT$9.65 in 1999 to the lowest of TT$4.5 in 2001 with 2002 showing some recovery to end at TT$6.00. Additional ratios that would serve the investor in analysing the company’s position would be liquidity test and the leveraging ratios. 


The company maintains a 1:2 ratio of current liabilities to current assets. Removal of long to convert assets as inventory and tax returns sees liabilities being covered 1.4 times. The company’s ability to meet short-term cash obligations must be matched to its ability to safely borrow money over long periods of time. In 2002 the debt to equity ratio stood at 220%, and the debt to assets figure shows that 55% of the company’s assets are financed by debt. (Short-term debts are included in the calculation).   The company is highly leveraged and shareholders must have concern for its ability to meet further interest payments as well as future risks of having too little working capital and the ability to obtain further debts. These ratios encourage us to look at the company’s cash flow for 2002.

In 2002 the company repaid over TT$1billion in debt, and acquired additional loans TT$1.3 billion.  In 2003, the company will make principal repayments of TT$83M and US$6.8M.  No estimates of cash outflow related to loan interest payments have been made. “The Angostura Group is preparing to claim its own in the global market place, especially after the free trade agreement, which ends in 2005, eliminates all barriers to trading with America.”  At the 2002 announcement of the completion of the acquisition of Burn Stewart Distillers plc by its subsidiary Angostura Holdings Limited, Chairman Duprey said he believed these initiatives would build CL World Brands into a strong global company that would eventually be listed on the London Stock Exchange and other major exchanges 


Other than meeting stringent disclosure requirements for such a listing the company would have to consider changes in its strategic and accounting approaches.  Shareholders will not continually experience declining share market values without calling for a major shakeup of the Board of Directors. They will clamour for their investment values to be kept intact regardless of the strategic plans for the company. Neither will the directorship with the consent of the auditors be able to opine that any accounting “treatment provided a more accurate reflection of the commercial substance of the transaction than that prescribed by the AIS”; and proceed to apply their preference. (As was done in the 2001 statements re realisation of profits on sale of investments.) It would be interesting to see if AHL will issue additional shares in the next five years or continue to incur additional debt and sell investments to meet its substantial long-term loan commitments.

Current shareholders need to be aware that theirs is a long-term commitment as the groundwork to achieve the stated vision of global presence is still being laid. They will have to wait for the marketing initiatives to bear fruit before AHL returns to the positions of yesteryear when they enjoyed a high market price and earnings per share to match. MAXINE ATTONG is a financial and management consultant, who specialises in Business Process Redesign. 
You can email her at enhanceink@hotmail.com

TIDCO pushes TT as alternative investment to Venezuela

Representatives of the Tourism and Industrial Development Company of Trinidad and Tobago Limited (TIDCO) recently visited neighbouring Venezuela to offer both foreign companies established in Venezuela as well as local Venezuelan companies an alternative investment location in Trinidad and Tobago.

Vishnu Dhanpaul, the Vice President of Trade and Investment at TIDCO, pointed out that while the political situation in Venezuela is impacting negatively on business in that country, Trinidad and Tobago is very attractive to Venezuelan business leaders due to its stable political environment, stable exchange rate, the absence of foreign exchange restrictions, competitive cost structures, proximity and therefore cost savings for relocations. During a four-day mission to Venezuela, TIDCO hosted two one-day seminars on ‘Doing Business in Trinidad and Tobago’. Eighty-seven companies attended a seminar held in Caracas while sixty-three companies attended a seminar hosted in Barcelona.

The seminars catered to the special interests of the non-energy and energy sectors in Venezuela with the seminar in Barcelona placing special emphasis on investment opportunities in the energy and petrochemical sectors. TIDCO has since been invited to host a similar seminar in Maracaibo, Venezuela, in June this year. These initiatives were supported by an increasing interest in Trinidad and Tobago as expressed by Venezuelan businesses both to the Trinidad and Tobago Embassy in Caracas and directly to TIDCO’s office in Port- of-Spain.

Neal&Massy in joint venture with UK oil company

Neal and Massy Energy Limited in early April signed a Memorandum of Understanding with UK-based Kvaerner Oilfield Products, setting in train the formation of a joint venture.

The primary focus of the joint venture will be to provide subsea systems for oil and gas production to both publicly traded and privately held exploration and production companies in Trinidad and Tobago. A full complement of services will be offered, including design, manufacturing, installation and maintenance of Surface Wellheads, Trees and Subsea production systems.  The Trinidad and Tobago government initiative to encourage development of organic business in the energy sector is consistent with this new joint venture by maximising local value added services, a statement from the company said.

Neal and Massy Energy Limited is a fully owned subsidiary of Neal and Massy Holdings Limited and has represented both Kvaerner and the former owner, National Oilwell, since 1932. Four generations of a new wellhead technology have been developed between the two entities in the past 70 years and have provided the support services for the highest level of safety and reliability. Kvaerner Oilfield Products is a fully integrated company providing a complete range of surface and subsea products and services for the oil and gas industry. KOP works with its customers from the front-end studies and engineering through fabrication, installation, maintenance and life-of-field support. These services are available for either new or existing fields and as individual products or complete systems.

Tough times ahead for BP — Lord Browne

 LORD BROWNE, the chief executive of oil giant BP, has warned the current trading environment is difficult and “unusually uncertain”.

The group came under fire from environmental activists at its annual meeting, and Lord Browne’s speech was disrupted by campaigners protesting about the group’s ethical record. A stink bomb was also thrown at the entrance to the Royal Festival Hall in London, where the meeting was held, despite a large security presence including 60 police officers, who barred protesters from entering the hall. Once order had been restored, Lord Browne warned the outlook for crude remains uncertain because prices, which were driven higher earlier this year because of a strike in Venezuela and the war in Iraq, have now fallen back to levels seen last year.


Lord Browne said BP’s market-facing businesses — refining, retail and petrochemicals —have been affected by weaker economic growth and rising feedstock costs. Although these effects might reduce during the coming year, it looks unlikely that margins will exhibit sustained strength, he said. Browne said the market for natural gas in the United States was fundamentally strong, “which is helpful given our position as the largest producer of gas in North America”. Peter Sutherland, the group’s chairman, said: “Whether or not BP will have any involvement in Iraq remains to be seen. It is not part of our current strategy, and what I will say is that there will be no involvement without the support of an Iraqi government recognised by the world community and the Iraqi people.” Lord Browne said BP will invest around 6.3 billion pounds in its upstream business in 2003, and over the next five years, over 50 percent of investment in upstream will be put into the five new material profit centres in the deep water Gulf of Mexico, Trinidad, Angola, Azerbaijan and Asia Pacific.

On the edge of a precipice?

Business without ethics or integrity becomes a cesspool of corruption.  Business based on hard work, skill, thrift and principles of honesty and transparency can feed, clothe and educate a nation and bring peace to the planet.

This being said, why has kidnapping become such a thriving and seemingly lucrative business in our land?  Why have narcotics traders become so rich and notorious that, buoyed by the glamour of cable TV, they offer enticing lifestyle examples to our youth, who, in spite or because of our best efforts, morally seem adrift like a rudderless ship? The ignominious fall of corporate giants like Enron, World Com, Xerox abroad and the seemingly intractable financial plight of a growing number of Caribbean brand name companies, beg the question of whether corporate governance is factored into the equation of success by CEOs and Boards of Directors.  While the path of least resistance can often provide sweet pickings along the way, it usually leads to a precipice, — if not legally, then certainly ethically and so, is not sustainable.  But we tend to turn a blind eye to the slick cutting of corners, dancing on the edge of the letter of the law and disregarding its spirit once someone seems to be successful at getting away with it and improving their standard of living at the same time.  The price of such approval is very high however — to our children and to society.

How far is the leap from incomplete disclosure in a transaction, where the buyer is forced to beware, to the ends justify the means philosophy of selling narcotics or holding a child for ransom so that a rich parent will pay?  Since human values of truth, love, peace, right action and non-violence are not taught in primary or secondary school, how do we expect law or business students to be tutored along lines of positive human values culture?  Abdicating that responsibility solely to the parents at home is naive, because they need the support of teachers and exemplars in the society. Yet the failure to challenge questionable business practices — from the shopkeeper who might price gouge an innocent child, to a monopoly who will do the same thing to an unwitting nation — undermines the core of the society.  The only way to recapture the sense of self which heeds a national conscience is by digging deep into the cultural soul of the nation.

In a multi-cultural society like the Caribbean in general and Trinidad and Tobago in particular, it is the components which make the whole.  In the past three weeks in this country, significant communities of ethnic and religious groups celebrated Shouter Baptist Liberation Day, the Anniversary of Sri Ramachandra’s birth and the birthday of Lord Hanuman, Good Friday and Easter Sunday.  Christian, Hindu and Muslim holy days are celebrated across religious lines in Trinidad, signifying more than religious tolerance.  There is an inherent respect for the unity in diversity, leading to purity and divinity, in worshiping the Creator and in recognising that such unity breeds national wholesomeness worthy of God’s blessings. Business support for these and other holidays is evident by the advertising supplements which congratulate different ethnic and religious communities on the occasion of these sacred festivals.  This is the cultural evidence of the counterweight to rank opportunism, shady deals and corruption.  It needs to be more openly embraced by our leaders – in government, opposition and civil society.


The recent passing of African drumming Master and icon, Babatunde Olatunji did not seem to capture the attention of much of the local media.  Notwithstanding the fact that Olatunji put African music on the US hit parade in the 1960s; that artists from Bob Dylan to Carlos Santana were heavily influenced by his music, and that a whole generation of Black Consciousness activists were moulded by Olatunji’s Drums of Passion album, we have not seen fit to adequately assess his contribution. This is not a case of ethnocentricity, but simply acknowledging gratefully and respectfully the role of a great artist in helping to shape the cultural attitudes and appreciation of African music of an entire generation.  The same would be said of Sri Ravi Shankar, whose music also extends far beyond his nation and culture, crossing over to uplift the minds and consciousness of millions — Indians and non-Indians alike.


To purposefully digress, my first recollections of Olatunji’s music in the late sixties, my early teens, coincided with a global anti-Vietnam War campaign; much like the present day anti-Iraq War protests. In the United States, Olatunji’s music inspired Puerto Rican revolutionary youth in the Young Lords Movement, as it did their African American comrades, the Black Panther Party.  One fond recollection is a band I formed, Los Varones, which won a music competition with renditions of Olatunji’s “Shango”, Sly and the Family Stone’s “Everyday People” and chants of the mantra “Hari Krishna Hari Rama”.  Education was motivated by trying to understand and positively influence life and not simply trying to make as much money as possible by any means necessary. Olatunji’s son, Kwame and I were good friends at Harvard and it was Kwame who came to me the night before a small group of friends and I had organised a major benefit concert for the liberation movements of Southern Africa, “Amandla: A Festival of Unity” at Harvard Stadium, featuring Bob Marley and the Wailers, Patti Labelle, Eddie Palmieri and Olatunji and offered to video tape what has become the best footage of Bob Marley in existence. 


After Kwame drowned in a river in Ghana, I became good friends of his mother Amybelle, a very spiritual lady and her daughter Modupe, who spent time with our family here in Trinidad.  The greatest experience, even more fantastic than when Babatunde started jamming with Bob Marley playing “Exodus” at the Amandla concert, was when Baba Olatunji officiated at my sister Ramona’s Yoruba wedding.  It’s something I’ll never forget. What all this has to do with the topic is that culture and identity reinforced and promoted self-confidence needed to conduct business successfully and effectively.   Even after many years of campaigning within CAIC on the subject, it is interesting to note that Ernst and Young conducted a poll recently which indicated that 70 percent of the businesses in Trinidad and Tobago did not understand what the Free Trade Area of the Americas, carded for 2005, is or what impact it will likely have on our economy.  The cause for concern is not that our markets will be open to competition from larger economies in the hemisphere, such as the US, Canada, Mexico and Brazil.  It is that we will have negotiated a schedule for their access to our economies without having ensured significant access and competitiveness of products and services from our economies to their markets. The ability to negotiate genuine reciprocity without an inferiority complex or sense of handicap stems from a confidence derived from a positive identity, rooted in our national and regional culture.


Pan and kaiso, soca, tassa and chutney are more than music.  They are expressions of who we are as a people.  They are authentic expressions; not mimicry of the north.  Therefore, they are truth, goodness and beauty. When you hear and experience this culture, it rings true in your heart; as true as Olatunji or Santana playing “Jingo”.  If our business people, our national and regional private sector are to successfully compete in the liberalised, globalised, digital economy, we will have to shift our assemblage points back to the centre of who we really are, what we can produce and distribute better than others. We certainly have the examples of indigenous entrepreneurial success with integrity to emulate and motivate us.  Some business icons who have left or are leaving must be remembered for this purpose: Cyril Duprey, Bolan Amar, Sydney Knox, Gopichan Ramsaran, Ken Gordon and Grace Talma are just a few. These men and women are sterling examples of business leaders of integrity who did not cut corners or sully their reputations on the road to success.  Rather, they demonstrated good corporate citizenship, patriotism and support for the indigenous culture of Trinidad and Tobago and the Caribbean. To conclude, our culture and our unique Caribbean identity is our business.  For this enterprise to flourish, it has to be nourished; not with violence, kidnapping, cheating; but with ingenuity, innovation and the sweat that comes from an honest, hard day’s work.  It is said that “Work is worship”.  So let’s give praise children.  We have a lot to do.