Friday, October 24, 2014

Top Business Story

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 »

  • Concern over drop in global oil prices

    The recent drop in global oil prices has implications for Trinidad and Tobago’s economy, the Energy Chamber has said. Read More »

  • TCL revenue rises by $97.2m

    Trinidad Cement Ltd has recorded growth in revenue of $97.2 million for the first nine months of 2014 ending September 30. Read More »

  • Grander Ruby Tuesday to replace gutted outlet

    Ruby Tuesday’s local franchise holder Derek Chin says the restaurant’s Grand Bazaar outlet, which was gutted by fire last Friday, will emerge grander than before as soon as possible. Read More »

  • Achieving long-term investment performance

    In recent weeks, we at Bourse would have proposed the construction of three broad investment portfolios, the conservative, moderate and aggressive portfolio (see Exhibit 1). We assessed the year-to-date and recent performance of these portfolios, proposing that investors would benefit from well-structured investing as opposed to passive saving. Read More »

  • US$50m pumped into banking system

    The Central Bank on Thursday sold US$50 million to the banking system. This sale is the second in what the bank calls a “series of Central Bank’s foreign exchange interventions strategically timed and directed to ensure a reliable supply of foreign exchange to meet demands of the business community as commercial activity for the approaching Christmas season pick up”. Read More »

  • Nipdec head gets Oct 20 deadline

    The National Insurance Property Development Co Ltd (Nipdec)— which is handling billions in procurement for Government—must appear before the Parliament’s Joint Select Committee (JSC). Read More »

  • Site visit needed

    REPRESENTATIVES for Southpark Cinemas 10 have been denied a licence for the businessplace for a third time. Yesterday Deputy Chief Magistrate Mark Wellington, who chairs the licensing committee, said a site visit will have to be made at the facility within the next two weeks before a decision is made. Read More »

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