Business

Sunday, December 21, 2014

Top Business Story

150,000 shoppers expected

Chaguanas Mayor Gopaul Boodan says the corporation is bracing for about 150,000 visitors and shoppers from Monday to Christmas Eve next Wednesday. Read more »

  • American Chamber welcomes US/Cuba relations

    The American Chamber of Commerce of Trinidad and Tobago (AmCham T&T) said yesterday it welcomed the “historic and courageous” initiatives announced by President of the United States Barack Obama, with a view to normalising diplomatic and trade relations between the US and Cuba which have been disrupted for over five decades. Read More »

  • Unacceptable, says Chamber

    The Trinidad and Tobago Chamber of Commerce — the country’s biggest business group — says it was disappointed by statements regarding the continued shortage of foreign exchange for business use, made by Central Bank Governor Jwala Rambarran earlier this month. Read More »

  • TTMA pleased with passing of procurement legislation

    Manufacturers said yesterday they were satisfied that the public procurement legislation has been passed in both the House of Representatives and the Senate. Read More »

  • JCC still has concerns

    Public procurement legislation passed in the Senate yesterday is a sign of progress but there are still challenges ahead, Joint Consultative Council (JCC)for the Construction Industry president Afra Raymond has said. Read More »

  • ‘Insel Air here to stay’

    Six years after pulling its services from Trinidad, Curacao-based airline Insel Air yesterday touched down at Piarco International Airport, marking the official re-launch of its operations here. Read More »

  • Asia review, outlook 2015

    As we continue with our year end series, today we at Bourse review the performance of the Asian economies and equity markets. We then consider the investment outlook for this region and how investors could position themselves for the coming year. Read More »

  • US$25 for second bag

    State carrier Caribbean Airlines yesterday announced a new baggage policy of charging customers for their second checked bag. Read More »

  • ‘500 news jobs’ from CWC-Columbus merger

    Cable and Wireless Communications (CWC) and Columbus International Inc have announced the formation of a new company that will create 500 jobs following CWC’s acquisition of Columbus. Read More »

  • Scotia in US$50m energy deal

    Scotiabank Trinidad and Tobago Ltd and The Bank of Nova Scotia have entered into a US$50 million financing agreement with energy companies Touchstone Exploration (Trinidad) Ltd and Primera Oil and Gas Ltd to build on drilling programmes in 2015. Read More »

  • TTMA at odds with Jwala’s foreign exchange comment

    The Trinidad and Tobago Manufacturers’ Association (TTMA) says it is at odds with Central Bank governor Jwala Rambarran’s recent statement that the bank has “noticed a trend where businesses make noise for foreign exchange to pay bills for trade-related purposes—when the money is provided, the funds are promptly deposited in their foreign exchange accounts and left unused”. Read More »

  • New $344m city HQ coming for NIB

    The National Insurance Board of Trinidad and Tobago (NIBTT) is getting a multi-million-dollar head office. Read More »

  • Could falling oil prices spark a financial crisis?

    The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns. Junk-bond debt in energy has reached US$210 billion, which is about 16 per cent of the US$1.3 trillion junk-bond market. That is a dramatic rise from just 4 per cent that energy debt represented ten years ago. Read More »

  • Digicel customer wins $100,000 home makeover

    Christmas has come early for Marc Superville, who recently entered a Digicel outlet to purchase his first mobile handset and on doing so was automatically entered in Digicel’s Christmas Promotion. Read More »

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