Tuesday, May 24, 2016

Business


RBC sees no fallout with fees hike in T&T*

May 23, 2016, 9:24 PM AST Comments

LONG customer lines at an RBTT Bank in St Vincent and the Grenadines over an increase in banking fees will not happen at RBC Royal Bank in Trinidad and Tobago, an RBC Caribbean official has said.


Conglomerate sector review*

May 22, 2016, 7:34 PM AST Comments

This week, we at Bourse evaluate the most recent financial results of the three stocks listed under the conglomerates sector on the local stock market, namely, ANSA McAL Ltd (AMCL), MASSY Holdings Limited (MASSY) and GraceKennedy Ltd (GKC).


Fake coconut water pulled from shelves*

May 20, 2016, 9:54 PM AST Comments

A local company was recently forced to pull a drink it labelled as coconut water from the market after the Food and Drug Division of the Ministry of Health discovered that the drink was in fact “totally” artificial.


Discount card launched in Chaguanas*

May 20, 2016, 9:52 PM AST Comments

IN an effort to boost economic activity in Chaguanas and to promote local shopping, a discount card was launched on Wednesday. The card was launched by the Chaguanas Chamber of Industry and Commerce (CCIC) at Passage to Asia restaurant in Chaguanas.


Tobago’s cruise ship season a success

May 20, 2016, 10:27 AM AST Comments

By Sue-Ann Wayow - TOBAGO made millions during the 2015/2016 cruise season. Secretary of Tourism and Transportation Tracy Davidson-Celestine, said it was “one of the most successful” in Tobago’s history.


Smart to be re-appointed First Citizens chairman*

May 19, 2016, 10:29 PM AST Comments

Incumbent Anthony Smart will be re-appointed as chairman of the First Citizens Bank Ltd board of directors while Courtney Williams will also be re-appointed to the board, to serve in the position of deputy chairman.


Clico stakeholders want money and control change*

May 19, 2016, 10:28 PM AST Comments

A new, mixed group of Clico-aggrieved, calling itself the Clico Stakeholders Alliance (CSA), is calling on Government to pay Clico policyholders owed money with their “contractual obligations” now due (such as annuities).


Trade T&T electricity for Venezuela’s oil*

May 18, 2016, 10:12 PM AST Comments

A suggestion was made yesterday for this country to consider supplying neighbouring Venezuela with its surplus electricity in exchange for oil. According to Baajnath Sirinath, senior adviser to the chairman of local conglomerate Massy Group, now that PowerGen Port of Spain and ArcelorMittal Point Li



As recession bites, flea market at Gulf City Mall

May 18, 2016, 10:19 AM AST Comments

By Carolyn Kissoon - As business owners begin to feel the pinch of the economic downturn in Trinidad and Tobago, the management of Gulf City Mall, La Romaine, has offered its tenants an opportunity to improve sales.


Massy Group does better overseas than locally*

May 17, 2016, 7:33 PM AST Comments

LOCAL conglomerate the Massy Group performed better overseas than it did in its home country Trinidad and Tobago, its published half-year results have shown. In its financial statements published on Sunday, Massy chairman Robert Bermudez said: “Enhanced by the depreciation of the (TT dollar),