Investor's Brief - The CIB Quarterly Newsletter Clico Investment Bank Limited - The House On The Corner
  The CIB Quarterly Newsletter
June 2007
  • Review of 2006 Audited Financial Performance
    The Bank’s total assets increased by 27.8% during the 2006 to end the financial year at $12.2 billion. Leading the growth in assets was the investment portfolio, which expanded by 28.8%, while loans and advances increased by only 7.3% to close the year at $1.36 billion. The Bank’s investment assets increased by $2.56 billion for the year.
  • Islamic Banking: An Emerging Financial Market
    Over the past decade, the growth of the global Islamic finance industry has been impressive. At an estimated growth rate of 15%per annum, the industry currently owns assets of between US$200 billion and US$300 billion, which represent a small but growing share of the global banking industry. Islamic finance involves the provision of financial products and services that comply with Islamic laws, which are collectively referred to as Shariah.
  • Regional Economic Summary
    The Caribbean region is currently evaluating the effects of hosting the Cricket World Cup (CWC) that ran from mid-March to April of this year. Regional economies benefited from the increased construction and investment that took place last year. However, attendances for the event were considered low especially in the first stage due in part to restrictions that discouraged locals including high ticket prices.
  • Investing Made Easy
    For those not familiar with the various investment vehicles that are available, there remains a certain mystery that is often foreboding, particularly to the new investor. The truth is that making an "investment" has become a necessity given today's economics. Whether you have decided to use a relatively 'safe' investment vehicle' e.g. a fixed deposit, or an option such as a venture capital investment; you can reap rewards for your future and that of your loved ones.
March 2007
  • New CIB President
    The Board of Directors has announced the appointment of Mr. Richard Trotman as President of CIB with effect from February 01, 2007. This follows the retirement of former President, Lennox Archer, whose contract expired on January 31st 2007. Mr. Archer leaves CIB after sixteen years, having joined the Bank from its inception. He served as President for twelve years. Newly installed President, Richard Trotman had performed in the capacity of Executive Vice President and Chief Operating Officer since joining CIB on February 09, 2005.

  • Social Media in the Caribbean - Welcome to Blogging
    Want to know what people are saying about you behind closed doors? Want to engage stakeholders on issues? Then social media may be an appropriate communication channel for you to use. Internet literacy rates in the Caribbean are not high. However, middle class, young adults (aged 18-35) are increasingly using this forum to seek information, express their views and, in some cases, to create change. Social media involves the use of online technologies, such as blogs, message boards, podcasts, wikis and vlogs, which allow people to share opinions, experiences, and perspectives.
  • Regional Economic Summary
    The Cricket World Cup 2007 (CWC) is here as the Caribbean hosts the rest of the world in the premier cricket event. The tournament takes place from March 13th to April 28th, with warm up matches taking place the week before. An influx of tourists is expected for the event despite some issues with the single CARICOM visa, which treats the countries that are involved in hosting the CWC as a Single Domestic Space (SDS) for travel among the islands. The CWC is expected to bring a surge of economic activity into the region as well as encourage interest for new visitors as a potential tourist destination in the future.
  • Money and Capital Markets - An Overview
    When you borrow money from a financial institution to finance the purchase of a car, or take out a mortgage to buy a new home, or invest in the shares of a company listed on the Stock Exchange, you are utilizing the money and capital markets. The money market typically involves securities that mature within one year. Money market instruments include treasury bills, short-term deposits, commercial paper and bankers’ acceptances. On the other hand, the capital market typically involves those securities with a life span that is beyond a year. Capital market instruments include term deposits that mature after one year, stocks and bonds.
 
December 2006
  • The CIB Advantage in the Face of Double-digit Inflation
    Deposit clients of Clico Investment Bank (CIB) will still hold an advantage over investors in other short term fixed income products, as the current level of inflation rate reduces the purchasing power of our hard earned dollars.
  • Corporate Social Responsibility
    Corporate Social Responsibility (CSR) is a popular concept much discussed in the commercial and non-profit sectors. At the heart of a great deal of the talk is philanthropy in its traditional form and how that is changing. The role of businesses is topical in the international discourse. Their place as stakeholders is growing and influential.
  • Regional Economic Summary
    The region is expected to maintain growth projections of 5.3% for the year. Regional tourism is expected to remain strong for the rest of the year as the hurricane season has thus far remained quiet. Construction is still taking place for the Cricket World Cup 2007 (CWC) for stadiums and infrastructure. Legislation for the ICC CWC Bill – also known as the Sunset Bill – has been passed by all countries that are involved. This Bill shall regulate the passage of travel for tourists that are in the Caribbean among other issues for the CWC.
  • Practical Tips for Managing Your Finances
    With inflation reaching the 10 per cent mark, newspaper reports indicate that this may well be the most expensive Christmas in the last decade. Yes! This yuletide season, many households may be forced to change their buying attitudes as food prices alone have increased by 26 per cent since last Christmas. In this regard, families may do well to consider the following tips to help them make wise spending decisions that will not only see them through the Christmas, but the rest of their lives.

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September 2006
  • CIB Hosts Anti-Money Laundering Workshop for Employees
    CIB has demonstrated its commitment to maintaining anti-money laundering procedures by engaging its staff in a one-day workshop entitled “Anti-money Laundering Awareness, Detection, Prevention and Compliance.” Money Laundering is the process whereby the identity of money obtained from dishonest and/or illegal means, for example drug trafficking, is transformed so that it appears to have originated from a legitimate source.
  • Dubai - The Challenge of Diversification
    by Valence Williams, Vice-President, MAXIM Group (NY)
    Ever since the Dubai Port issue, (when the United States was on the brink of allowing Dubai to manage some of their ports) the world has been focusing on this wealthy city. Dubai is a city in the United Arab Emirates. The Ruler is Sheik Mohammed Bin Rashid Al Maktoum, who is also the Vice-President of the United Arab Emirates (UAE). It is worth taking note of the similarities between Dubai and Trinidad and Tobago, particularly with reference to oil wealth and the challenge of diversification of the economy.
  • Regional Economic Summary
    Preparations around the Caribbean for the Cricket World Cup 2007 (CWC) are in high gear as the grand event draws closer. Most upgrades on the stadia and infrastructure are likely to be completed on time despite shortages in cement. Regional tourism is also expected to remain strong for the rest of the year. However, there are concerns that a busy hurricane season can dampen such forecasts. With the strength of the construction and tourism industries, regional economic growth of 5.3% is expected.
  • How Do You Determine the Investment Quality of an Ordinary Share?
    "Record numbers are now playing the market."—Newsweek, July 5, 1999. This is not only true in the U.S., but in Trinidad and Tobago many individuals who once found the stock market a mystery are now buying up shares in companies, with the hope that the firm in which they are investing will prosper and their stocks appreciate in value. In fact, the truth be told, many of these investors know very little about the market or the stocks that they are buying or selling.
June 2006
  • CIB Receives Significant Funding For On Lending
    The European Investment Bank (EIB) has granted Clico Investment Bank Limited (CIB) a 20.0 million Eurodollar loan for the financing of projects by small to medium sized private and public Caribbean enterprises in industry, agro-industry, tourism, transport, revenue earning infrastructure and services. This Agreement will not only provide CIB with a pool of relatively low priced funds for on lending, but will also grant CIB further international recognition.
  • The Case for Building TT's Competitiveness
    by Dr Brian E Harry, Management Consultant
    With the imminence of CSME and possibly FTAA we are compelled to propel our society forward and provide higher quality products and services in large enough numbers to be able to provide the living standards desired by our population. With TT’s perceived leadership role in the CSME we are on the hook as a nation and as a people, because the eyes are on us to perform. Our competitiveness is therefore ‘all about performance’ – at the individual level, community level and national levels.
  • Regional Economic Summary
    The Caribbean region has shifted its main focus to the preparations for the Cricket World Cup 2007 (CWC). A construction boom is taking place as these countries ensure that stadiums and other infrastructure are put in place. The IMF expects the region to expand by 5.3% through the continued strength of the tourism industry to go along with the construction boom.
  • 3 Things You Should Know About Crisis Management
    (Extracted from ACCA Finance Matters, Issue 67, April 2006)
    When chaos strikes, different people react in different ways. Some panic, others look for personal advantage. Hopefully, there will also be some skilled enough to take control and restore order. Mini crises happen every day – observing how small incidents are dealt with provides an opportunity to train for the real thing. You will see that panic is pointless, and that short-term gains resulting from others’ misfortunes often lead to longer-term problems.
March 2006
  • CIB's Billion Dollar Steel Update
    Clico Investment Bank Limited (CIB) has been inundated with enquiries from several financial institutions indicating their desire to participate in financing the US $1.2 billion dollar Essar Caribbean Steel project. This follows CIB’s mandate to perform the role of lead manager and arranger of financing for the Essar project, one of Trinidad and Tobago’s largest direct foreign investment deals.
  • Global Free Trade in Theory
    by Kelvin Sergeant, Economist
    Over the years, a debate has raged on the benefits of free trade policy as opposed to protection issue. In fact, free trade policy is deeply located in free trade theory and today we hear terms such as liberalization, globalization and multi-lateralism. Free trade theory is opposed to protection issue in any form, whether they be tariffs or non-tariff barriers deals.
  • Regional Economic Summary
    The Caribbean region has been in a recovery phase since the destruction of Hurricane Ivan. The islands have performed well for 2005 boosted by tourism and construction. The upsurge in the latter sectors is likely to improve the state of OECS to a 5.8% growth.
  • Real Estate - A Viable Alternate Investment
    From childhood, we have been taught the importance of saving, putting aside funds for “a rainy day.” However, as we mature, we realize how inflation can erode the value of the dollar, causing the funds saved today, to be more often than not, worth less in the future. Therefore, in order to maintain or increase our purchasing power, the astute investor looks beyond the traditional savings and investment instruments which may provide some income, but no growth or capital appreciation. One asset class receiving increased attention for these enhanced returns is real estate.
 
 
Disclaimer: The information and statistical data contained in the presented reports have been obtained from sources, which we believe reliable, but in no way are warranted by us as to accuracy or completeness. Clico Investment Bank Limited, its directors, or other officers may have a position in, or engage in transactions in any of the securities mentioned herein.

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