Business

Saturday, February 4, 2012

Top Business Story

HDC denies not paying contractors

The Housing Development Corporation (HDC) yesterday denied allegations it has not paid contractors. Contractors said in full-page advertisements over the past week that they were still owed billions of dollars by Government ministries and State agencies, including the HDC. But in a published statement yesterday, the HDC denied the claim by the... Read more »

  • Expert: Govt increasing confidence in economy

    THE Government's decision to resolve repayments to CLICO policyholders after the insurance giant collapsed has increased confidence in the economy, a finance expert at First Citizens Investment Services... Read More »

  • WASA signs $5m deals with Spanish, Ugandan firms

    The Water and Sewerage Authority (WASA) has signed a $3.8 million contract with a Spanish company to improve service to consu- mers. It has also signed another agreement, worth more than $1 million,... Read More »

  • Kiss raises snack cakes prices

    Local manufacturer Kiss Baking Company has increased the price of its snack cake products. Baked snacks like Kiss goodie, cupcake and iced cupcake all went up in price. The price increases... Read More »

  • 'Republic' records $272m profit

    The Republic Bank Group has recorded increased profits for the first quarter of its financial year. For the first quarter ended December 31, 2011, the bank said it posted a profit attributable... Read More »

  • 'Vacancies leading to high food prices'

    A NUMBER of vacancies for public health officers and Customs officers are part of the reason for the country's high food prices, Prices Council chairperson Wendy Lee Yuen said yesterday. She... Read More »

  • Insurance executive joins NFM board

    National Flour Mills (NFM) has appointed insurance executive Alimuddin Mohammed to its board of directors. His appointment is pursuant to the powers given to the directors, under Section 77 of... Read More »

  • I will give account

    Nine representatives from the Ministry of Trade (MTI) and its agencies accompanied Prime Minister Kamla Persad-Bissessar on the recent mission to India, Trade Minister Stephen Cadiz said yesterday. He... Read More »

  • Air Jamaica discontinues Kingston-Miami route

    Air Jamaica is pulling out of its Kingston to Miami, Florida route, two months after it returned to the gateway in the United States. Yesterday was the airline's last day in Miami. Efforts... Read More »

  • New board at TDC

    Hotelier Rajiv Omah-Maharaj Shandilya is the new chairman of the Tourism Development Co Ltd while Miss Universe 1977 Janelle Penny Commissiong-Chow is the deputy chairman. The 12 board members... Read More »

  • Exploring US equities

    In our last article, we noted that international equities will add diversity to your portfolio. This week, we would like to take you further into our discussion as we explore the realm of the US equity... Read More »

  • Central Bank: Slight dip in inflation rate

    THE rate of inflation in Trinidad and Tobago slowed in the final month of last year, the Central Bank said yesterday. The final figures released by the Central Statistical Office for 2011 indicate... Read More »

  • Govt ministries owing tens of millions to contractors

    Six Government ministries and nine State agencies are owing tens of millions of dollars to contractors, the Trinidad and Tobago Contractors Association said yesterday. In a statement, the TTCA... Read More »

  • TDC to get new board of directors

    The Tourism Development Company (TDC) is getting a new board of directors. Tourism Minister Dr Rupert Griffith will host an installation ceremony of the new board at the Hyatt Regency (Trinidad)... Read More »

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