Business

Saturday, April 25, 2015

Top Business Story

Lack of foreign $$ continues to affect businesses in 2015

A number of sectors of the business community are saying the unavailability of United States currency continues to affect their operations because less than half of their demands for foreign exchange is being met on a monthly basis. Read more »

  • Balgobin new TTMA head

    Independent Senator and chief executive of Electrical Industries Group Dr Rolph Balgobin was yesterday appointed president of the Trinidad and Tobago Manufacturers’ Association (TTMA). Balgobin, who is also chairman of Quicksilver Convenience Ltd and the NGC Distinguished Fellow in Innovation and Entrepreneurship at The University of the West Indies, replaces former TTMA president Nicholas Lok Jack, who served for two years. Read More »

  • Chamber wants action on ‘total policing’ report

    The Trinidad and Tobago Chamber of Commerce said yesterday, it was pleased with the recent laying in Parliament of the report into the “Day of Total Policing” which took place on March 23. Read More »

  • 2 segments expected to open this month

    As Government moves to fulfil its mandate before the 2015 general election, two more segments of the multi-billion-dollar Solomon Hochoy Highway extension to Point Fortin are expected to be opened this month. Read More »

  • Petrotrin credit downgrade, implications

    This week, we at Bourse highlight the recent downgrade of Petrotrin and look at it within a regional context of debt markets. We also take a look at the local financial system, with respect to inflation and interest rates before discussing investor implications going forward. Local Bond Update Read More »

  • Petrotrin gets lower rating

    International agency Standard & Poor’s Ratings Services has lowered its long-term corporate credit and senior unsecured debt ratings on State oil company Petrotrin to BB+ from BBB-. The outlook on the corporate credit rating is stable. Read More »

  • Ramnarine: BG/Shell merger good for T&T

    The merger of international energy giants BG Group and Shell is a good thing for Trinidad and Tobago, Energy Minister Kevin Ramnarine said yesterday. Read More »

  • US$80.7m loan for Phoenix Park

    State bank First Citizens yesterday announced a partnership with energy company Phoenix Park Gas Processors Ltd (PPGPL) for a US$80.7 million loan facility which will mature in March, 2021. Read More »

  • China’s Huawei unveils smartphone

    HUAWEI, the China-based global networking and telecommunications equipment and services company with operations in Trinidad and Tobago, yesterday unveiled its latest smartphone, the P8. Read More »

  • CAL allows extra bag

    State carrier Caribbean Airlines has again updated its baggage policy, now allowing customers on all flights the option to pay for up to three additional checked pieces of luggage, instead of two. Read More »

  • Renamed JMMB relists on stock exchanges

    The Jamaica Money Market Brokers (JMMB) Ltd today delisted its ordinary shares on all three of the regional stock exchanges on which they are listed and immediately relisted those shares under its new name, the JMMB Group Ltd. Read More »

  • Monthly international markets update

    Today we at Bourse review the performance of major financial markets across the globe, providing investors with some insight on how they may re-align their investment portfolio and take advantage recent global economic issues and market movements. Read More »

  • La Brea to get new $b project

    Japan's Mitsubishi Corporation and the Government of Trinidad and Tobago are continuing with plans to construct a close to US$1 billion petrochemical plant in La Brea. Read More »

  • Pan-American in billion $$ merger

    Pan-American Life Insurance Group and Mutual Trust Financial Group in Washington, DC, United States have jointly announced a merger agreement to combine Pan-American Life Mutual Holding Company and Mutual Trust Holding Company. Read More »

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