Friday, July 25, 2014

Top Business Story

NGC records $6.5b profit

The National Gas Company has recorded a profit after tax of $6.5 billion for its financial year ended 2013, Prime Minister Kamla Persad-Bissessar announced on Thursday. Read more »

  • Inflation stable, says Central Bank

    Core inflation has remained stable in the first half of 2014, the Central Bank said yesterday. Read More »

  • 20% price cut for Nutrimix

    Local producer Nutrimix Flour Mills has advised its stakeholders and customers of a 20 per cent reduction in its brands of flour from July 25 to August 1. Read More »

  • TSTT finalising $1.5 billion loan

    State-controlled telecoms company Telecommunications Services of Trinidad and Tobago (TSTT) is finalising a $1.5 billion loan to transform itself into a more streamline, more technologically advanced mobile and internet services provider. Read More »

  • Witco records $296m profit in six months

    Profits at the West Indian Tobacco Company (Witco) are smoking. The Champs Fleurs-based cigarette producer yesterday announced a profit before tax for its six-month period ended June 30 of $296.1 million. Read More »

  • Lok Jack: China can bring economic benefits

    Businessman Arthur Lok Jack believes it may be prudent for Trinidad and Tobago to consider how its relationship with superpower China can bring this country economic benefits. Read More »

  • No support for second airline

    A SEPARATE airline operating on the airbridge between Trinidad and Tobago will be more detrimental than beneficial to the country’s economy and should not be considered. Read More »

  • Petrotrin must pay

    Members of the Otaheite Fisherfolk Association are calling on State-owned Petrotrin to resume loss of earnings payments to fishermen affected by last December’s oil spill in the Gulf of Paria. Read More »

  • International equity markets trend higher

    This week we at Bourse review the performance of international equity markets for the first half of 2014 and consider the potential opportunities available to investors. Investors may recall that around this time last year equity markets, particularly emerging markets experienced a turbulent first half. Read More »

  • OCM posts $53m profit before tax

    One Caribbean Media Ltd (OCM) has posted a $53 million profit before tax (US$8.22 million) for the six-month period ended June 30. Read More »

  • No pressure on Harry to diversify HCU

    There was no evidence that former Hindu Credit Union president Harry Harnarine was pressured by “rich Indians” to diversify the credit union into a financial empire comprising a slew of businesses as he said he was, the Sir Anthony Colman Commission of Enquiry report into the HCU has found. Read More »

  • Central Bank pumps more US$ into system

    The Central Bank will sell US$75 million to the banking system today as part of what it calls its foreign exchange intervention programme. Read More »

  • Microsoft to cut 18,000 jobs

    Microsoft announced the biggest layoffs in its history yesterday, saying it will cut 18,000 jobs or 14 per cent of its workforce as it streamlines its Nokia mobile device business to focus on using the Windows Phone operating system. Read More »

  • West: FIU can probe LifeSport

    With the relevant legislation already in place in the country and more on the way, it is within the remit of the Financial Intelligence Unit (FIU) to investigate agencies such as the controversial LifeSport Programme on its own without any instructions to do so. Read More »

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