Tuesday, August 22, 2017

Business

Govt will act on Eden Garden deal

Aug. 21, 2017, 8:16 PM AST Comments

The Government is committed to following through on any reports of money laundering that it receives as a result of the Eden Garden investigation and litigation.

Forex reserves now US$8.7b *

Aug. 21, 2017, 8:16 PM AST Comments

T&T’s foreign reserves stabilised in July after 11 consecutive months of decline, data released by the Central Bank yesterday revealed.



MASSY, AMCL earnings dip

Aug. 20, 2017, 9:36 PM AST Comments

This week, we at Bourse review the most recent financial results of two companies within the Conglomerate sector—Massy Holdings Limited (MASSY) and Ansa McAL Limited (AMCL). Both companies reported subdued earnings, primarily due to sluggish economic activity in its main operating territories.


TDC ceases operations

Aug. 19, 2017, 1:20 AM AST Comments

THE Tourism Development Company (TDC) has ceased operations. The announcement came from the Ministry of Tourism in a news release on Thursday. The ministry said, effective Monday, it will manage on an interim basis the four portfolios previously under the remit of the TDC. They are the Tourism Inve


TTMA wants export incentives*

Aug. 19, 2017, 1:19 AM AST Comments

THE Trinidad and Tobago Manu­facturers’ Association (TTMA) wants the Government to provide export incentives to manufacturers to encourage the creation of additional foreign exchange revenue streams for the economy. In its 2017/2018 budget recommendations to the Government, the TTMA stressed t


Apple CEO makes $2 million pledge to fight hate

Aug. 18, 2017, 10:57 AM AST Comments

SAN FRANCISCO (AP) — Apple is donating $2 million to two human rights groups as part of CEO Tim Cook's pledge to help lead the fight against the hate that fueled the violence in Virginia during a white-nationalist rally last weekend. Cook made the commitment late Wednesday in an internal memo


Govt commits to Sandals disclosure

Aug. 17, 2017, 8:55 PM AST Comments

THE Government is committed to disclosing the terms of its agreement with Sandals for the establishment of an all-inclusive resort at the Golden Grove estate in Tobago.


Plan to consolidate social programmes *

Aug. 17, 2017, 8:54 PM AST Comments

Cabinet yesterday approved in principle a National Social Mitigation Plan aimed at helping people in need to cope with the economic downturn T&T is currently experiencing.


Ministry supports cocoa processing for exports*

Aug. 16, 2017, 10:15 PM AST Comments

Minister of Trade and Industry Paula Gopee-Scoon (MTI) has pledged support for the development of the cocoa-processing industry in T&T as part of her ministry’s efforts to boost exports and increase access to markets in agro processing. Gopee-Scoon gave the commitment on Tuesday at a meeting s


TATT imposes no job cuts on TSTT acquisition

Aug. 16, 2017, 10:11 PM AST Comments

THE regulator of the local telecommunications industry, the Telecommunications Authority of T&T (TATT), announced yesterday that both Massy Communications and TSTT would be unable to reduce staff for one year as a direct consequence of the sale of the Massy Holdings subsidiary to the majority State-