SHOULD FREUNDEL STUART APOLOGISE TO FIRST CARIBBEAN & MICHAEL MANSOOR? WHY SAYING NOTHING CAN BE WORSE THAN OFFERING A SUGGESTION…

{EDITOR’S NOTE – While for the main this is a BGIS article, note the comments on the captions of these photos… More will be said on the PM’s faux pas in a subsequent item}

Prime Minister Freundel Stuart urged CIBC FirstCaribbean International Bank to follow through in spreading the entrepreneurial culture to all sectors of society by leading the charge to facilitate access to capital.

Mr. Stuart made the comments last evening as the Bank’s Headquarters Building at Warrens, St. Michael, was named after its Executive Chairman, Michael Mansoor.

Make sure the coffee is perked extra strong folks... Here's Mr Stimulation, NOT, I mean to say... This is the Banking Community and you about to regurgitate the history of CIBC? They probably know it better than you, Oh Froonzie! Why not see if CIBC can catch the ball you dropped in allowing Unclear to mess up UWI?

Make sure the coffee is perked extra strong folks… Here’s Mr Stimulation, NOT, I mean to say… This is the Banking Community, and you about to regurgitate the history of CIBC? They probably know it better than you, Oh Froonzie! Why not see if CIBC can catch the ball you dropped in allowing Unclear to mess up UWI’s free tuition?

While delivering the feature address, he said: “Research by many agencies involved in supporting micro and small business enterprise shows that a major barrier to establishing a viable business is inadequate seed funding. Even with appropriate education and training, young entrepreneurs are forced to start businesses which are grossly undercapitalised.

I appeal to you to join Governments and a range of business development agencies across the region to help release the creative energy of our people to diversify and stimulate our economies. There is no time like the present to demonstrate what Caribbean people can do.”

This is FCIB-CIBC's CEO Rik Parkihill, now what Froonzie could have done is ask if CIBC to create 5 scholarships at UWI since he killed Errol Barrow's dream... Two bursaries for Business, 1 for Science, another for Agriculture and the last one for Theatre/Arts or Literature... They probably would jump at it!

This is FCIB-CIBC’s CEO Rik Parkihill, now what Froonzie could have done is ask if CIBC to create 5 scholarships at UWI since he killed Errol Barrow’s dream… Two bursaries for Business, 1 for Science, another for Agriculture and the last one for Theatre/Arts or Literature… They probably would jump at it!

The Prime Minister said a careful study of the Bank’s strategies during the past 10 years showed a commitment to broadening and deepening the entrepreneurial pool to help democratise and grow the economies of the region. “The asperities of recessions have not infrequently been ameliorated by the multiplicity of innovations that spring from the creativity of ordinary people,” he stressed.

Therefore, he stated, everything should be done to ensure the Michael Mansoor Building became the symbol of the entrepreneurial revolution that was waiting to take place in the region.

Next thing, oh Froonzie, the launch is on CIBC and not on Barclays, heck - they're no longer even in the Caribbean! Why insult FirstCaribbean? You know you owe them an apology, right Froonzie? Just nod your head...

Next thing, oh Froonzie, the launch is on CIBC and not on Barclays, heck – they’re no longer even in the Caribbean! Why insult FirstCaribbean? You know you owe them an apology, right, Froonzie? Just nod your head…

Mr. Stuart expressed the view that CIBC FirstCaribbean was the product of three powerful cultural forces that converged in 2002 to create a truly Caribbean institution, willing and able to take on the world. He pointed out that the Caribbean Integration Movement, which has been experiencing increasing success, was the third force.

Emphasising his commitment to regional integration, he proffered the view that the countries must unite if they were to survive and prosper in a globalised world which was changing rapidly.

The benefits of integration – from economies of scale and mutual protection, to the appreciation of racial, cultural and social diversity – are too important to be left to chance. It is for these reasons that, despite the occasional set-backs, the countries of the region have moved towards deeper and wider integration. Since the gaining of universal adult suffrage in the 1950’s, the people of the Caribbean have striven to determine their future as a united social, economic and political entity, committed to reflecting the uniqueness of our Caribbean civilisation,” he maintained.

He argued, however, that the noble goals of the Caribbean Integration Movement could only be achieved with the establishment of efficient and effective institutions, of which there was already a glittering array.

The Prime Minister noted that under the leadership of Michael Mansoor, CIBC FirstCaribbean Bank had established itself as an outstanding leader in the field and had contributed, not only to the economies of the region, but also to the development of the societies in which it operates.

Mr. Stuart described Mr. Mansoor as "a truly Caribbean man who embodied the spirit of unity and empowerment that characterise the modern Caribbean".

Mr. Stuart described Mr. Mansoor as “a truly Caribbean man who embodied the spirit of unity and empowerment that characterise the modern Caribbean“.

Mr. Mansoor is a chartered accountant, who served as an Independent Senator in his native Trinidad and Tobago from 1987 to 1995. He joined CIBC West Indies Holdings in July 1998 and served as President and CEO, where he oversaw the integration of CIBC with the Caribbean operations of Barclays Bank. He became the Executive Chairman of the new regional Bank. (SA/BGIS)

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