Friday, November 21, 2014

Top Business Story

Digicel to TATT: Withstand ‘severe pressure’

Mobile service provider Digicel is calling on the Telecommunications Authority of Trinidad and Tobago (TATT) to hold firm and withstand what the company describes as the “severe pressure” being applied by UK-based Cable and Wireless Communications (CWC) and Columbus International Inc (Columbus) to approve the proposed acquisition of Columbus by CWC.  Read more »

  • Dutch Caribbean airline takes to T&T’s skies again

    Dutch Caribbean airline InselAir will be operating a service from Piarco International Airport to Curacao from December 15. Read More »

  • Consortium invests in Phoenix Park Gas

    An investment consortium, comprising the National Insurance Board (NIBTT), National Enterprises Ltd (NEL), and the Unit Trust Corporation (UTC), has acquired a ten per cent stake in Phoenix Park Gas Processors Ltd for US$168 million. Read More »

  • Petrotrin trims budget

    PETROTRIN president Khalid Hassanali said yesterday with the sharp drop in crude oil prices, the State oil company’s budget for next year will now be based on an oil price of US$75 per barrel. Read More »

  • ‘...Why the branch president was fired’

    Trinmar’s branch president Ernesto Kezar, who was fired, did not lose his job because he stayed away for four hours, but because of a series “of escalated disciplinary actions”, Petrotrin president Khalid Hassanali said yesterday. Read More »

  • Digicel: CWC overpaid by US$1b for Columbus

    Mobile services provider Digicel and pay to view company DIRECTV yesterday both called on regional telecommunications authorities to ensure Cable & Wireless’ purchase of Columbus Communications was transparent and benefited customers. Read More »

  • Plan aims for a crime-free season

    THE Safe City Policing Initiative was launch yesterday in San Fernando where the plan is to increase the police ground patrol, reduce criminal activity and educate the public on safety tips during the holiday season. The launch was held at Harris Promenade, San Fernando, after which the police toured High Street, handing out brochures and talking with people on the streets. Read More »

  • GKC, WCO and GHL deliver

    Today, we at Bourse review the recently released results of Grace Kennedy Limited, Guardian Holdings Limited and WITCO for the period ending 30th September 2014. Read More »

  • Airlines announce strategic partnership

    Surinam Airways and Eastern Air Lines Group yesterday announced a strategic partnership between the two airlines, encompassing cooperation in the areas of operational support, maintenance, and training. The partnership will eventually include mutual support in sales and marketing. Read More »

  • Falling oil price hurts Govt revenue

    Government revenues have declined following the sudden decline in global oil prices. Read More »

  • T&T’s GDP growth rate at ‘new normal’

    University of the West Indies (UWI) senior lecturer Dr Roger Hosein believes that Trinidad and Tobago’s GDP (Gross Domestic Product) growth rate is at a “new normal” of economic growth. Read More »

  • Survey: Energy sector CEOs still highest paid

    The energy sector remains the highest paying industry for chief executive officers, a national salary survey by PricewaterhouseCoopers (PwC) has found. PwC officially launched its National Salary Survey 2014/ at the Hyatt Regency (Trinidad) hotel in Port of Spain yesterday. Read More »

  • FCB is ‘stable’

    International ratings agency Standard & Poor’s has re-affirmed State bank’s First Citizens’ BBB+ long-term foreign currency credit rating, reiterating that the credit rating outlook remains stable. In a statement yesterday Moody’s Investor Services also rated First Citizens Bank Ltd as stable, with a Baa1 rating outlook — the equivalent to the S&P rating of BBB+. Read More »

  • Michael Mansoor dies

    Former independent senator, Caribbean Bank chairman and ANSA McAL executive Michael Kelvin Mansoor has died. Read More »

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