Wednesday, October 1, 2014

Top Business Story

Atlantic to invest $13b in five years

Liquified natural gas producer Atlantic’s chief executive officer Nigel Darlow said yesterday the company intends investing $13 billion over the next five years on plant upgrades. Read more »

  • T&T food production can’t affect inflation

    THE State’s attempts to produce food locally will have no major dent in the inflation rate, because food prices are determined by the international market. Read More »

  • Investing in a group retirement fund

    Today we at Bourse consider an alternative which employers may choose in order to invest in their employees for the long-term, the group retirement fund. The 2015 Budget offered incentives to those individuals saving for retirement, in the form of an increased amount in tax deductible contributions to registered annuities. The establishment of a Group Retirement Fund is a useful tool for employers seeking to incentivise and motivate arguably their most valuable assets, human capital. Read More »

  • Food prices push inflation from 3 to 7.5%

    The rate of inflation has surged in Trinidad and Tobago. Read More »

  • Beetham land fires affected us all

    The Beetham Landfill fires which caused the temporary shutdown of some businesses and schools in Port of Spain earlier this year was brought to the forefront yesterday during the opening of the American Chamber of Commerce’s (AmCham) 18th annual Health, Safety, Security and Environment (HSSE) Conference and Exhibition at the Hyatt Regency (Trinidad) hotel in Port of Spain. Read More »

  • New book dedicated to Boopsingh’s memory

    Eight oil and gas experts have dedicated their new book on the sector to the memory of the late Trevor Boop­singh, the man many regarded as the major architect of the Trinidad and Tobago energy model. Boopsingh, who died in February 2010, wrote several chapters of the 476-page book, From Oil to Gas and Beyond, published by University Press of America (2014) before he died. Read More »

  • ‘Taxpayers still paying for rapid rail’

    You mean to tell me the taxpayers of this country are still paying millions of dollars in 2015 on that rapid rail “business”, Housing Minister Dr Roodal Moonilal asked incredulously du­ring yesterday’s meeting of the Standing Finance Committee. Read More »

  • Big money for CAL

    A total of $1.8 billion! That’s how much Caribbean Airlines will get in support from the Government during the period 2013 and 2015, according to the figures revealed at yesterday’s meeting of the Standing Finance Committee in the Parliament. Read More »

  • Investing in your long-term future

    Today we at Bourse address the investor focusing on life after employment, that is, investing for retirement. The 2015 Budget recently proposed enhanced incentives to those individuals preparing financially for retirement, in the form of an increased amount in tax deductible contributions to registered annuities. Read More »

  • More males unemployed at end of 2013

    The unemployment rate in Trinidad and Tobago increased slightly last year, the latest available data from the Central Statistical Office (CSO) has shown. Read More »

  • NEL chairman blames drop in profits on loss by TSTT

    Chairman of State investment holding company National Enterprises Ltd (NEL) Kenny Lue Chee Lip on Thursday sought to assure shareholders the company is on a sound financial footing despite a drop in profits over the last year. For the year ending March 31, Read More »

  • ‘TSTT’s long-term plan to improve performance’

    In defending the telecommuni­cation giant’s performance, TSTT chairman Everald Snaggs said had it not been for the long-term, five-year strategic plan initiated last year, the company would have been making a lot of profits for NEL. Read More »

  • Tewarie: Opposition wrong on CSO

    As he defended the figures put out by the Central Statistical Office, Minister of Planning Dr Bhoe Tewarie yesterday slammed the Opposition for being “mischevious, calculatedly destructive” and of trying to give a “false and alarmist picture” of the situation at the CSO. Read More »

  • Scotiabank celebrates its diamond jubilee

    Scotiabank Trinidad and Tobago on Tuesday night culminated its “diamond jubilee” celebrations with a grand affair at the Hyatt Regency (Trinidad) hotel in Port of Spain. Sixty years ago, in 1954, the Canadian bank opened its first branch at the corner of Abercromby Street and Independence Square in the capital city. Its first customer at the branch was “textile king” Jimmy Aboud. Aboud died on Monday in Miami at the age of 87. Read More »

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