TCRLA_Public/160119.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     L A T I N   A M E R I C A

            Tuesday, January 19, 2016, Vol. 17, No. 12


                            Headlines



B R A Z I L

BRAZIL: Looks to Boost Finances With Offshore-Funds Amnesty Law
BRAZIL: Mounting Woes Threaten to Wipe Out Bond Rebound in 2016


C A Y M A N  I S L A N D S

AMERICAN GENERAL: Commences Liquidation Proceedings
CONSTELLATION INVESTMENT: Commences Liquidation Proceedings
CREDIT BLUE: Commences Liquidation Proceedings
DARK HORSE: Commences Liquidation Proceedings
GS STRUCTURED: Commences Liquidation Proceedings

GSAM CREDIT: Commences Liquidation Proceedings
HONEY LIMITED: Commences Liquidation Proceedings
MA ASCEND: Commences Liquidation Proceedings
PINE STREET: Commences Liquidation Proceedings
PIQUANT ENA: Commences Liquidation Proceedings

SIGNUM BLUE: Commences Liquidation Proceedings
SIGNUM BLUE II: Commences Liquidation Proceedings
SIGNUM RATED IV: Commences Liquidation Proceedings
ZAIS ZEPHYR A-2: Commences Liquidation Proceedings
ZAIS ZEPHYR A-5: Commences Liquidation Proceedings


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: Official Admits Coal Plants 98% Halted
DOMINICAN REPUBLIC: Bishop Denies Gridlock on Electricity Pact


P U E R T O    R I C O

PUERTO RICO: Hedge Funds Pressuring Commonwealth With Own Plan
TRADEWINDS AIRLINES: Court Denies Bid to Dismiss Ex-Counsel's Suit


T R I N I D A D  &  T O B A G O

TRINIDAD & TOBAGO: Oil Firms Cut Costs as Fuel Prices Drops
TRINIDAD & TOBAGO: Took Decisions Aimed at Diversifying Economy


                            - - - - -


===========
B R A Z I L
===========


BRAZIL: Looks to Boost Finances With Offshore-Funds Amnesty Law
---------------------------------------------------------------
EFE News reports that President Dilma Rousseff signed a bill aimed
at encouraging holders of undeclared offshore assets to bring
those funds back to Brazil, a measure aimed at boosting the
country's finances.

Those who take advantage of the amnesty would avoid prosecution on
tax-evasion charges but have to allocate 30 percent of the
repatriated total for payment of a fine and income tax, according
to EFE News.

The government is looking to raise roughly BRL21 billion (some
$5.2 billion) this year through the amnesty law, the report
discloses.

President Rousseff, however, vetoed several parts of the bill,
including one that would have included items such as jewelry and
artwork in the amnesty program, the report notes.

After posting a primary budget deficit (before interest payments)
in 2014 and the country's largest ever primary deficit through the
first 11 months of last year, Brazil is striving to finish 2016
with a primary surplus equivalent to 0.5 percent of gross domestic
product (GDP), the report relays.

Belt-tightening measures last year cooled the economy, which
shrunk around 3.7 percent, according to analysts' forecasts, but
even so Rousseff's administration has expressed confidence that
fiscal rebalancing is necessary to lift the country out of its
current crisis, the report notes.

Brazil's inflation rate has risen to more than 10 percent, the
highest level of the past 13 years, while its currency has fallen
sharply in recent months against the U.S. dollar, the report adds.

As reported in the Troubled Company Reporter-Latin America on
Dec. 21, 2015, Fitch Ratings has downgraded Brazil's ratings:

   -- Long-term foreign and local currency Issuer Default Ratings
      (IDRs) to 'BB+' from 'BBB-', Outlook remains Negative;

   -- Senior unsecured foreign and local currency bonds to 'BB+'
      from 'BBB-';

   -- Short-term foreign currency IDR to 'B' from 'F3'.


BRAZIL: Mounting Woes Threaten to Wipe Out Bond Rebound in 2016
---------------------------------------------------------------
Maria Kolesnikova at Bloomberg News reports that Brazil's stint as
the most lucrative emerging-market bond investment may be short-
lived, according to Aberdeen Asset Management Plc and Commerzbank
AG.

The country's dollar-denominated notes returned 1.9 percent two
week ago, the best performance among 60 developing nations tracked
by Bloomberg.  Still, the gains are just a reprieve from a rout
last year that saddled bondholders with losses of 16 percent, the
worst in emerging markets after Zambia, according to Bloomberg
News.

And with Brazil beset by deepening economic and political crises,
odds aren't good the nation will be able to sustain its early
outperformance, says the report.  Latin America's biggest economy
is headed for its deepest recession since at least 1901 as
impeachment proceedings against President Dilma Rousseff stymie
desperately needed fiscal reforms and a global slowdown chokes off
demand for the country's commodity exports, the report relays.

"Brazil sold off massively last year, so it is not surprising that
in the absence of further bad news they can rebound," said Viktor
Szabo, who helps manage more than $11 billion of emerging-market
debt for Aberdeen in London, the report notes.  "However, I
wouldn't read much into a one-week performance.  Brazil will try
to muddle through, so the question is whether markets will allow
that.  The fiscal outlook remains very grim," Mr. Szabo added.

The report notes that gross domestic product will shrink 2.99
percent in 2016 after a 3.73 percent contraction last year,
according to a central bank survey.  The nation's deteriorating
finances helped trigger two rating downgrades to junk last year,
the report relays.

Making matters worse, China, Brazil's biggest trading partner,
also is suffering an economic slowdown that's fueling turmoil in
its financial markets, adds the report.

President Rousseff's ability to shore up Brazil's economy in the
face of this tumult is limited as she fights for her political
survival, the report says.

Congressional leaders, who are on recess until Feb. 2, are seeking
to oust her for allegedly doctoring fiscal accounts and receiving
campaign funds that stemmed from fraudulent activities. She denies
any wrongdoing, Bloomberg recalls.

"January looks relatively good for Brazil, given politics is on
holiday, but come February, noise is likely to revive with the
likelihood of more downgrades and the clear exposure that Brazil
has to China," said Simon Quijano-Evans, a London-based emerging-
market strategist at Commerzbank, the report adds.

As reported in the Troubled Company Reporter-Latin America on
Dec. 21, 2015, Fitch Ratings has downgraded Brazil's ratings:

   -- Long-term foreign and local currency Issuer Default Ratings
      (IDRs) to 'BB+' from 'BBB-', Outlook remains Negative;

   -- Senior unsecured foreign and local currency bonds to 'BB+'
      from 'BBB-';

   -- Short-term foreign currency IDR to 'B' from 'F3'.


==========================
C A Y M A N  I S L A N D S
==========================


AMERICAN GENERAL: Commences Liquidation Proceedings
---------------------------------------------------
At an extraordinary meeting held on Nov. 26, 2015, the members of
American General CBO 1998-1 Ltd. resolved to voluntarily liquidate
the company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984 Grand Cayman KY1-1104
          Cayman Islands


CONSTELLATION INVESTMENT: Commences Liquidation Proceedings
-----------------------------------------------------------
At an extraordinary meeting held on Nov. 26, 2015, the members of
Constellation Investment Ltd. resolved to voluntarily liquidate
the company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984 Grand Cayman KY1-1104
          Cayman Islands


CREDIT BLUE: Commences Liquidation Proceedings
----------------------------------------------
On Nov. 19, 2015, the sole shareholder of Credit Blue Ltd.
resolved to voluntarily liquidate the company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          Summit Management Limited
          c/o David Egglishaw
          Suite # 4-210, Governors Square
          P.O. Box 32311 Grand Cayman KY1-1209
          Cayman Islands
          Telephone: (345) 945 7676


DARK HORSE: Commences Liquidation Proceedings
---------------------------------------------
On Nov. 19, 2015, the sole shareholder of Dark Horse International
Limited resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Dec. 11, 2015, will be included in the company's dividend
distribution.

The company's liquidator is:

          Maricorp Services Ltd.
          c/o Steven J. Barrie
          P.O. Box 2075 Grand Cayman KY1-1105
          Cayman Islands
          Telephone: (345) 949-9710


GS STRUCTURED: Commences Liquidation Proceedings
------------------------------------------------
At an extraordinary meeting held on Nov. 26, 2015, the members of
GS Structured Funding Limited resolved to voluntarily liquidate
the company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984 Grand Cayman KY1-1104
          Cayman Islands


GSAM CREDIT: Commences Liquidation Proceedings
----------------------------------------------
At an extraordinary meeting held on Nov. 26, 2015, the members of
GSAM Credit CDO Ltd. resolved to voluntarily liquidate the
company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984 Grand Cayman KY1-1104
          Cayman Islands


HONEY LIMITED: Commences Liquidation Proceedings
------------------------------------------------
On Nov. 17, 2015, the shareholders of Honey Limited resolved to
voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
Jan. 7, 2016, will be included in the company's dividend
distribution.

The company's liquidator is:

          CDL Company Ltd.
          P.O. Box 31106 Grand Cayman KY1-1205
          Cayman Islands


MA ASCEND: Commences Liquidation Proceedings
--------------------------------------------
At an extraordinary meeting held on Nov. 26, 2015, the members of
MA Ascend Limited resolved to voluntarily liquidate the company's
business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984 Grand Cayman KY1-1104
          Cayman Islands


PINE STREET: Commences Liquidation Proceedings
----------------------------------------------
On Nov. 20, 2015, the sole shareholder of Pine Street Special
Opportunity Fund I resolved to voluntarily liquidate the company's
business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          Christine Ma Wai Yee
          Unit 4308, Tower 1
          Lippo Center
          89 Queensway
          Hong Kong


PIQUANT ENA: Commences Liquidation Proceedings
----------------------------------------------
On Nov. 20, 2015, the shareholders of Piquant Ena resolved to
voluntarily liquidate the company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          Walkers Liquidations Limited
          27 Hospital Road, George Town
          Grand Cayman KY1-9008
          Cayman Islands


SIGNUM BLUE: Commences Liquidation Proceedings
----------------------------------------------
At an extraordinary meeting held on Nov. 26, 2015, the members of
Signum Blue Limited resolved to voluntarily liquidate the
company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984 Grand Cayman KY1-1104
          Cayman Islands


SIGNUM BLUE II: Commences Liquidation Proceedings
-------------------------------------------------
At an extraordinary meeting held on Nov. 26, 2015, the members of
Signum Blue II Limited resolved to voluntarily liquidate the
company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984 Grand Cayman KY1-1104
          Cayman Islands


SIGNUM RATED IV: Commences Liquidation Proceedings
--------------------------------------------------
At an extraordinary meeting held on Nov. 26, 2015, the members of
Signum Rated IV Limited resolved to voluntarily liquidate the
company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984 Grand Cayman KY1-1104
          Cayman Islands


ZAIS ZEPHYR A-2: Commences Liquidation Proceedings
--------------------------------------------------
At an extraordinary meeting held on Nov. 26, 2015, the members of
Zais Zephyr A-2, Ltd resolved to voluntarily liquidate the
company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984 Grand Cayman KY1-1104
          Cayman Islands


ZAIS ZEPHYR A-5: Commences Liquidation Proceedings
--------------------------------------------------
At an extraordinary meeting held on Nov. 26, 2015, the members of
Zais Zephyr A-5, Ltd resolved to voluntarily liquidate the
company's business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

          David Dyer
          Telephone: (345)949-8244
          Facsimile: (345)949-5223
          P.O. Box 1984 Grand Cayman KY1-1104
          Cayman Islands


===================================
D O M I N I C A N   R E P U B L I C
===================================


DOMINICAN REPUBLIC: Official Admits Coal Plants 98% Halted
----------------------------------------------------------
Dominican Today reports that state-owned Electric Utility (CDEEE)
CEO Ruben Jimenez Bichara admitted financial difficulties faced by
the government to continue construction of the two coal-fired
power plants at Punta Catalina, southern Peravia province.

The official said however that the difficulties are surmountable
and that the government began talks for new funding to resume work
in the project, according to Dominican Today.

The official responded to allegations that the government faces
serious financial difficulties to continue construction of the two
720-megawatt power plants, and that contractors have had to lay
off as many as 2,000 workers, the report relays.

Interviewed on the phone by Z101FM, Mr. Bichara said just like a
first funding of US$200 million was obtained by a pool of European
banks, the authorities will also receive other financing for the
project, the report notes.

Mr. Bichara said the funds paid the suppliers of the turbines, the
generators and of construction equipment, for which the new
funding will pay local contractors and suppliers, the report
relays.  "So far the work has been reduced by 98%, but the
injection of new resources was managed to reactivate to previous
levels," the report quoted Mr. Bichara as saying.

Mr. Bichara said new additional funding would materialize in a few
weeks, the report relays.

Mr. Bichara clarified however that the Utility will not be the
plants' financial manager, and stressed that the funds will pay
the approved bills and the factories based in the country where
the creditor banks operate, which for the first disbursement are
all European, the report discloses.

                               Bonds

Mr. Bichara didn't rule out a possibility of the proposal for the
government to seek funding through a bond, but noted that Congress
set a ceiling on bond issues in the 2016 Budget, the report says.

Mr. Bichara said however that if that proposal materializes, it
wouldn't be at soft rates as those obtained through a sovereign
bond, the report adds.

As reported in the Troubled Company Reporter-Latin America on
Dec. 3, 2015, Fitch Ratings affirmed the Dominican Republic's
long-term foreign and local currency Issuer Default Ratings (IDRs)
at 'B+'.  The Rating Outlooks on the long-term IDRs are revised to
Positive from Stable. The issue ratings on the Dominican
Republic's senior unsecured foreign and local currency bonds are
affirmed at 'B+'. The Country Ceiling is affirmed at 'BB-' and the
short-term foreign currency IDR at 'B'.


DOMINICAN REPUBLIC: Bishop Denies Gridlock on Electricity Pact
--------------------------------------------------------------
Dominican Today reports that the president of Dominican Republic's
Economic and Social Council (CES) denied that the talks leading to
the Electricity Pact have gridlocked.

Monsignor Agripino Nunez made it clear however that sectors taking
part in the workshops have yet to forward a definitive proposal,
according to Dominican Today.

The report notes that Monsignor Nunez said to achieve successes
all sectors must work to benefit the nation and not particular
interests.  "That is not so that there's no advance, there are
still problems that need solving, all sectors must work for the
benefit of the country," Monsignor Nunez added.

The prelate said he expects the issues essential to the agreement
will be identified in the next session, the report relays.

"There's still no position neither by the power sector, nor from
distributors and power companies, nonetheless now comes a stage
when we will see what needs to be done to achieve the mutual
agreement on behalf of the Dominican population," the report
quoted Monsignor Nunez as saying.

Monsignor Nunez announced that the next meeting is set for
February 9 between the parties involved in the pact, the report
relays.  "It seems however that the path toward a reliable and
sustainable electricity system for all has reached the discussion
stage among the actors convened by the executive order," Monsignor
Nunez said.

The electricity system's key areas of distribution, generation,
transmission, regulatory and institutional framework, users among
others would be discussed during this stage, the report says.

The several work tables include technical delegates from each
agency convened by the executive order; invited people and experts
Government, Civil Society and the Business Sector, the report
adds.

As reported in the Troubled Company Reporter-Latin America on
Dec. 3, 2015, Fitch Ratings affirmed the Dominican Republic's
long-term foreign and local currency Issuer Default Ratings (IDRs)
at 'B+'.  The Rating Outlooks on the long-term IDRs are revised to
Positive from Stable. The issue ratings on the Dominican
Republic's senior unsecured foreign and local currency bonds are
affirmed at 'B+'. The Country Ceiling is affirmed at 'BB-' and the
short-term foreign currency IDR at 'B'.


======================
P U E R T O    R I C O
======================


PUERTO RICO: Hedge Funds Pressuring Commonwealth With Own Plan
--------------------------------------------------------------
Laura J. Keller and Michelle Kaske at Bloomberg News report that
Monarch Alternative Capital and Whitebox Advisors are among the
investors that are putting pressure on Puerto Rico by crafting
their own restructuring proposal as the island delays talks to
restructure $70 billion of debt, according to people with
knowledge of the matter.

The investors, along with other hedgefund firms such as Davidson
Kempner Capital Management and Stone Lion Capital Partners, are in
preliminary conversations with other creditors of the U.S.
territory on a debt-exchange plan that would seek to make Puerto
Rico's debt load sustainable, said the people, according to
Bloomberg News.

Bloomberg News notes that the funds have also begun reaching out
for feedback on the plan from investors such as Brigade Capital
Management, Fir Tree Partners, Franklin Advisers Inc., and
Oppenheimer & Co., the people said.

The creditors, who hold securities such as Puerto Rico general
obligation, development-bank and sales-tax bonds, could release a
reorganization plan publicly later this month if they're able to
formulate one on which a broad swath of creditors agree, the
people said, Bloomberg News notes.

Investors have been waiting for Puerto Rico Governor Alejandro
Garcia Padilla's administration to begin formal discussions on a
restructuring agreement after he said in June that the
commonwealth and its agencies couldn't repay all of their
obligations, Bloomberg News notes.  Puerto Rico officials met with
advisers to bondholders in late October but haven't yet unveiled
details for a plan to reorganize the debt, Bloomberg News adds.

As reported in the Troubled Company Reporter-Latin America on
Dec. 28, 2015, Moody's Investors Service has downgraded $1.09
billion of Puerto Rico appropriation bonds issued by the Public
Finance Corporation (PFC) to C from Ca, while maintaining other
ratings assigned to the US territory's debt.


TRADEWINDS AIRLINES: Court Denies Bid to Dismiss Ex-Counsel's Suit
------------------------------------------------------------------
Barry Mukamal, Chapter 7 Trustee for Tradewinds Airlines, Inc.,
filed an emergency motion asking the bankruptcy court to compel
Violet Elizabeth Grayson to dismiss her action filed in New York
asserting claims against the Trustee, his professionals, and
certain creditors in violation of the Barton Doctrine.

In an Order dated December 21, 2015, which is available at
http://is.gd/KyOmMKfrom Leagle.com, Judge A. Jay Cristol of the
United States Bankruptcy Court for the Southern District of
Florida denies the Trustee's Dismissal Motion.

According to Judge Cristol, the Dismissal Motion is moot as it
relates to the Trustee and his court-appointed professionals, as
special litigation counsel Violet Elizabeth Grayson voluntarily
dismissed with prejudice the civil action she initiated against
them based on the applicability of the Barton Doctrine.

With respect to the remaining defendants, the Coreolis creditor
entities, the Court believes the Barton Doctrine is not applicable
to them and, therefore, denies the Dismissal Motion with respect
to the Coreolis defendants in the New York State Court.

The case is In re: TRADEWINDS AIRLINES, INC., Chapter 7, Debtor,
Case No. 08-20394-BKC-AJC (Bankr. S.D. Fla.).

TradeWinds Airlines, Inc., Debtor, is represented by Jason Z.
Jones, Esq. -- jjones@joneslawpa.com -- Jones Law Office, PA,
Thomas R. Lehman, Esq. -- TRL@lklsg.com -- LKLSG.
Barry E Mukamal, Trustee, represented by William Christopher
Carmody, Esq. -- bcarmody@SusmanGodfrey.com -- Susman Godfrey
L.L.P., J. Nathan Duggins, Esq. -- NDuggins@tuggleduggins.com --
Tuggle Duggins, P.A., Lynn Maynard Gollin, Esq.,
lgollin@gordonrees.com -- Gordon & Rees, Jennifar M Hill, Barry E
Mukamal, Esq. -- bmukamal@kapilamukamal.com -- Kapila & Company,
Robin J Rubens, Esq. -- RJR@lklsg.com -- Robin Rubens.

                   About TradeWinds Airlines

Headquartered at the Triad International Airport in Greensboro,
North Carolina, TradeWinds Airlines LLC --
http://www.tradewindsairlines.com/-- operates A300-B4F freighter
aircraft for domestic and foreign customers. The company has
operations at Miami International Airport and in Puerto Rico.

The airline filed for Chapter 11 protection on July 25, 2008
(Bankr. S. D. Fla. Case No. 08-20394). Scott L. Baena, Esq., at
Bilzin Sumberg Baena Price & Axelrod LLP represents the airline in
its restructuring effort. The airline listed assets of between
US$1 million and US$10 million, and debts of between US$10 million
and US$50 million.


================================
T R I N I D A D  &  T O B A G O
================================


TRINIDAD & TOBAGO: Oil Firms Cut Costs as Fuel Prices Drops
-----------------------------------------------------------
Caribbean360.com reports that two of Trinidad and Tobago's largest
energy producers say they are cutting costs, with at least one of
them confirming job cuts.

In separate statements, BP Trinidad and Tobago (bpTT) and BHP
Billiton said they were reviewing costs, according to
Caribbean360.com.

After hovering around US$30 per barrel and then dipping under the
mark -- hitting a four-year low -- oil prices have risen slightly
to US$31.03 per barrel, the report notes.

BPTT said in line with the bp Group's focus on improving
efficiency and reducing costs, it planned to "seek further cost
efficiencies in our business in 2016".

"This plan will include a review of third-party costs, activity
prioritization, process simplification and organizational
structure.  As plans are still being reviewed, the specific
numbers have not yet been finalized.  Throughout this exercise our
first priority will remain the safety of our people and our
operations," it said, the report notes.

BHP was more outright about having to send home workers, the
report relays.

It said the petroleum industry is facing extremely challenging
market conditions, even by historical standards, and the company
was therefore examining its current and future business needs to
optimize both staffing and costs and make appropriate adjustments
in its global Petroleum business, the report discloses.

"We remain committed to our ongoing operations while maintaining a
platform for future growth opportunities. We will achieve this
goal through our productivity program which is already yielding
significant savings, and organizational adjustments to meet the
needs of our business. As a result, we will have a smaller, more
focused organization and this has resulted in some employee
reductions," it said, the report notes.

BHP added that as a result of the reorganization, some positions
within the Trinidad and Tobago operation will be impacted, the
report adds.


TRINIDAD & TOBAGO: Took Decisions Aimed at Diversifying Economy
---------------------------------------------------------------
Trinidad Express reports that government took three decisions
aimed at diversifying the economy, Communications Minister Maxie
Cuffie said.

Speaking at the post-Cabinet media conference at the Prime
Minister's St. Clair office, Cuffie announced that Government,
through Evolving TecKnologies and Enterprise Development Co Ltd (e
TecK), would establish an agro-processing industrial estate at
Pheonix Park, according to Trinidad Express.

Minister Cuffie also announced that Government had established a
Standing Committee on Tourism to help with the development of that
sector, the report adds.


                            ***********


Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA editors from a variety of outside
sources during the prior week we think are reliable.   Those
sources may not, however, be complete or accurate.  The Monday
Bond Pricing table is compiled on the Friday prior to publication.
Prices reported are not intended to reflect actual trades.  Prices
for actual trades are probably different.  Our objective is to
share information, not make markets in publicly traded securities.
Nothing in the TCR-LA constitutes an offer or solicitation to buy
or sell any security of any kind.  It is likely that some entity
affiliated with a TCR-LA editor holds some position in the
issuers' public debt and equity securities about which we report.

Tuesday's edition of the TCR-LA features a list of companies with
insolvent balance sheets obtained by our editors based on the
latest balance sheets publicly available a day prior to
publication.  At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

Submissions about insolvency-related conferences are encouraged.
Send announcements to conferences@bankrupt.com


                            ***********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Washington, D.C.,
USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine T.
Fernandez, Valerie U. Pascual, Julie Anne L. Toledo, and Peter A.
Chapman, Editors.

Copyright 2016.  All rights reserved.  ISSN 1529-2746.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Latin America subscription rate is US$775 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each.  For subscription information,
contact Peter A. Chapman at 215-945-7000 or Nina Novak at
202-362-8552.


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