Business

Friday, October 31, 2014

Top Business Story

Southpark finally opens

SOUTHPARK Cinemas 10 opened for business last evening, after finally getting the court’s approval to being operations. Read more »

  • Phoenic Park president steps down

    President of Phoenix Park Gas Processors Ltd (PPGPL) Eugene Tiah is leaving the company after 23 years, during which he was president for the past 13 years. Read More »

  • Minister: Oil price fall won’t hurt revenue

    Energy Minister Kevin Ramnarine assured yesterday that the Government’s projected revenue stream has not been compromised by the dip in global oil prices. On Monday oil prices fell below US$80 a barrel. Trinidad and Tobago’s national budget is pegged at an oil price of US$80 and a gas price of US$2.75 per mmbtu. Read More »

  • Don’t worry

    THERE is no need to worry yet about the decrease in oil prices, says economist Dr Roger Hosein. Read More »

  • Trinity PLC net production increases

    Trinity Exploration & Production PLC yesterday said its net production increased slightly in the third quarter, with current production rates higher, following what it said was “successful workover activity”. Read More »

  • Howai: No need to take any action

    Finance Minister Larry Howai is standing by his position that there is no reason for Government to take any action despite the price of oil briefly dropping below US$80 per barrel yesterday. Read More »

  • Timing and diversification

    Today we at Bourse dissect the performance of three previously proposed portfolios, the Conservative, Moderate and Aggressive portfolios. In recent articles, we would have illustrated the 10-year performance of these portfolios and suggested that longer investment time periods are likely to improve investment performance. Read More »

  • New-look $50 bill in December

    On December 13, the Central Bank of Trinidad and Tobago will unveil a redesigned $50 bill made from polymer—the same material used to make Canadian currency. The new banknote will be gold in colour and its major security feature will be a transparent plastic area with a metallic holographic image. Read More »

  • ECA unveils Ebola guidelines

    If an employee is suspected of Ebola or has recently travelled to a country that has cases or suspected cases of Ebola, the employer should consult with the company doctor for a medical certificate confirming that the employee may return to work, the Employers Consultative Association has said. Read More »

  • ‘2008 $$ crisis still hurting millions’

    The impact of the 2008 economic crisis on families and jobs around the globe has not abated much, Central Bank Governor Jwala Rambarran has said. Read More »

  • Fuel costs ease, US airline profits soar

    Profits are soaring at the biggest US airlines as fuel prices drop—but don’t expect fares to fall too. Read More »

  • OCM revenues up

    Port of Spain-based One Caribbean Media Ltd (OCM) has recorded growth in revenue for the nine-month period up to September 30, 2014. In its unaudited results for the third quarter published today, OCM chairman Sir Fred Gollop said sales of $402 million (US$62.3 million) were 2.5 per cent above last year’s $392 million (US$60.8 million). Read More »

  • Central Bank sells US$100m

    The Central Bank yesterday sold US$100 million to the banking system. “This sizeable intervention is the third for the month of October and was based on lower than expected US dollar conversions from energy companies and increased seasonal demand from the business community for foreign exchange,” the Bank said in a statement. Read More »

  • Hadeed: Face-lift for Maracas Beach

    THE Maracas Beach facility will soon be getting a face-lift, Tourism Minister Gerald Hadeed said yesterday. The minister said has Cabinet approved $89 million for the facility. Hadeed was speaking at the post-Cabinet press conference at the San Fernando Teaching Hospital yesterday. Read More »

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