Tuesday, February 28, 2017

Business

CSO: Carnival visitors spend about $340m

Feb. 26, 2017, 8:42 PM AST Comments

Carnival visitors to Trinidad and Tobago spend about US$1,415.50 each, according to a Central Statistical Office (CSO) statement yesterday. In Trinidad and Tobago dollars, at the official exchange rate of $6.78 a US$1, that is about $9,597 per person.

Central Bank governor fired

Feb. 24, 2017, 10:5 PM AST Comments

LESS than 24 hours after the Appeal Court lifted an injunction against his removal, Governor of the Central Bank of Barbados Dr DeLisle Worrell has been fired. His attorney, Gregory Nicholls, confirmed that his client had received correspondence yesterday terminating his services.


NFM rice-milling operation for sale, again

Feb. 24, 2017, 10:0 PM AST Comments

THE National Flour Mills’ (NFM) rice-milling operation at Carlsen Field is again up for sale. Agriculture Minister Clarence Rambharat said on Thursday there was private sector interest in acquiring the mill to establish a parboiling plant. NFM is 51 per cent Government-owned while the other 49


NFM's rice mill on sale

Feb. 24, 2017, 8:47 AM AST Comments

By Leah Sorias - The National Flour Mills' (NFM) rice milling operations at Carlsen Field is again up for sale.


Union: Digicel workers paying for poor decisions

Feb. 23, 2017, 7:19 PM AST Comments

Aleem Khan—THE 25 per cent of Digicel's global workforce who will be cut from the Irish-owned company's payroll are being made to pay for management's poor decisions to rack up over €6.2 billion in debt


"A forced dismissal of 100 workers"

Feb. 23, 2017, 7:50 AM AST Comments

By Ria Taitt - Couva South MP Rudy Indarsingh is not buying Labour Minister Jennifer Baptiste-Primus's claim that she is restructuring OJT (On-The-Job Training) programme .


BHP Billiton revenue in T&T dips to US$46m

Feb. 22, 2017, 9:41 PM AST Comments

LONDON-listed Australian commodities giant BHP Billiton yesterday said its revenue from Trinidad and Tobago fell by 57 per cent to US$46 million in the company’s fiscal half-year ended December 31, 2016. BHP Billiton’s half-year (H1) earnings results released yesterday showed that, over

Bandleaders, suppliers feeling the Carnival pinch*

Feb. 22, 2017, 1:40 AM AST Comments

MX Prime and the Ultimate Rejects’ hit song this year “Full Extreme” is not hitting home for many involved in the business of Carnival. While some soca artistes, fete promoters and bandleaders are “jammin’ still” and partying “to the full extreme” this


Govt has to draw the line*

Feb. 22, 2017, 1:38 AM AST Comments

THE oversubscription of Government’s TT$1 billion eight-year, 4.1 per cent bond that closed last week, will have brought little comfort to Finance Minister Colm Imbert, or, indeed, to corporate and private citizens who are monitoring the state of the economy with unease. The fact that total bi


Diversity for survival*

Feb. 22, 2017, 1:30 AM AST Comments

TOURISM is a product with solid potential for generating foreign exchange for this country. It is well accepted that tourism is one of the world’s largest, and growing, industries estimated at US$7.2 trillion (or 9.8 per cent of global GDP), according to a 2015 report from the World Travel an


How T&T became an oil importer*

Feb. 22, 2017, 1:25 AM AST Comments

TRINIDAD and Tobago is an oil importer and stopped being a net oil producer, the latest data from the Ministry of Energy shows. According to the Ministry’s last week-released Consolidated Monthly Bulletin for the 12 months ending December 31, 2016, local oil production fell in 2016 versus 2015


The affordability hoax*

Feb. 22, 2017, 1:17 AM AST Comments

“ ...Affordability is the main pillar of the housing policy since 2002...”-quote from HDC’s Home Ownership webpage “...Housing Minister Randall Mitchell says Government has made housing more affordable to low and middle-income families unlike the former People’s Partner