Business Express

Thursday, November 27, 2014

Top Story

Thousands affected by floods

The people of Mayaro are only now coming to terms with the gravity of the destruction caused by the collapse of the Manzanilla/Mayaro Road. And while the State is calculating the costs of rebuilding the main road, businesses are considering the long term economic impact of a natural disaster no one saw coming. Read more »

  • A disaster waiting to happen....

    It is convenient for governments to blame the forces of nature for costly infrastructural disasters such as the extensive destruction of the Manzanilla-Mayaro Road. Officials of the Ministry of Works claim that three times the annual rainfall in that part of the country poured down within a nine-day period. Director of Highways Roger Ganesh is quoted as having said, “No engineering company would design for such occurrences...there is no way we could have foreseen an event like this...” Read More »

  • Are the Russians coming?

    Will RWE Dea, the oil and gas unit of RWE AG, Germany’s second largest power utility, be obliged to take over the operatorship of the 251,870 acre North Coast Marine Area 2 (NCMA 2) block in Trinidad and Tobago, of which it is now only a 24 per cent non-operating minority partner? Read More »

  • LGO Energy strikes (black) gold

    The chief executive officer of LGO Energy plc (formerly Leni Gas and Oil plc) Neil Ritson has announced that the company’s seventh exploration well had struck oil. Ritson said last week: “Good quality sands were encountered with significant net oil pay below the Goudron interval previously reported and it is expected that well GY-670 will be completed as a C-sand producer in December.” Read More »

  • Love in the symmetry

    Why is Jamaica, with a population smaller than that of Los Angeles, home to so many of the world’s elite sprinters – runners who compete in the 100, 200, 400 and 800-metre races? This was a question from Rutgers University and before reading the rest of the article I started thinking about the answer. Read More »

  • Iran negotiations, OPEC meeting loom for oil markets

    As November draws to a close, there are two major events that could profoundly change the oil markets. With the clock ticking, the five permanent members of the UN Security Council plus Germany (P5 plus 1) are negotiating down to the wire with Iran over its nuclear programme. The two sides have made substantial progress, but some difficult issues remain unresolved ahead of the November 24 deadline. Read More »

  • Invaders Bay – Suspicious Motives

    The proposed development of Invaders Bay will be the largest in our capital city in living memory. The entire process is tainted by fundamental irregularities, any one of which ought to be enough to stop the development. Read More »

  • National goals and education

    It is often debated whether education should be a means to an end, equipping the individual for some particular purpose; or an end in itself, open to having that purpose defined by the individual. Read More »

  • Introducing the Massy Credit Card

    Massy said in a statement that the credit card will offer a revolving line of credit, issued by Republic Bank Ltd in collaboration with Massy. The card will function as a dual purpose card, combining our first class Massy Card Rewards with the flexibility of a payment card. Read More »

  • InvesTT publishes magazine

    InvesTT Ltd recently produced the second edition of the country’s investment promotion magazine entitled – Invest Trinidad and Tobago. The full colour eighty-four page magazine is a bi-annual publication produced in collaboration with the Ministry of Trade, Industry, Investment and Communications (MTIIC) and published by MACO Magazine’s publishers Toute Bagai. Read More »

  • DIRECTV helps Manzanilla

    Satellite Television provider DIRECTV says as it strives to continue its ongoing efforts to support the communities to which it has strong ties, and in light of the recent devastation suffered by Manzanilla and its surrounding areas due to torrential weather conditions being experienced locally, it will offer one month’s free service as a gesture of goodwill to their existing subscribers in these communities. Read More »

  • A Merry and $mart Christmas

    Are you walking around singing Baron’s tune all day? Well ‘tis the season for parang, black cake, and endless food and drinks. But are you feeling a little anxious over the added expenses that come with the festivities? Well you don’t have to lock your door or say you’re sick just to avoid the costs altogether. It only takes a proactive and creative approach to keep your expenses in check, while still being able to have a very enjoyable Christmas. Read More »

  • Shell at the Oval

    Country chairman of energy company Shell Trinidad Ltd Luis Prado last Wednesday hosted a stakeholders’ cocktail reception at the Century Ballroom, Queen’s Park Cricket Club in Port of Spain. Read More »

  • ‘CWC’ merger can’t be allowed to dictate pace

    The US$3.02 billion acquisition of Columbus International (operating in Trinidad and Tobago as Flow) by Cable and Wireless Communications (CWC), which awaits approval by several regulatory bodies in the Caribbean and Central America, appears to have come like the proverbial “thief in the night” when the announcement was made almost two weeks ago. Read More »

  • Staying Alive

    In 1950 a farming couple from Felicity, who wanted to do more to provide for their 12 children, opened a general store in Chaguanas. Read More »

  • Twin challenges facing T&T oil future

    The future of the Trinidad and Tobago hydrocarbons industry probably rests on two pillars – success in finding substantial new sources of oil and/or gas in the deep water and the ability of the small upstream companies, known as the independents, to engineer a turnaround in declining crude oil output on land. Read More »

  • A skin for trouble

    A Nigerian man detained by immigration and only recently released said he came to the Republic of Trinidad and Tobago thinking it was a land of milk and honey. During his 15-month incarceration the milk turned out to be magnesia and the honey was protected by killer bees. Even though the man got a letter from the Ministry of National Security which allowed his immediate release into his wife’s custody in May, he was not let out until recently. Read More »

  • Picture perfect
  • Scotia named Bank of the Year

    Scotiabank has been named “Bank of the Year 2014 in Trinidad and Tobago” by LatinFinance for its performance during the past year, excelling in areas including growth, profitability, asset quality, solvency and efficient use of the capital markets, the bank said last week. Read More »

  • Fallout from decline in oil prices

    With oil prices low and showing no sign of an immediate rebound, the industry is beginning to pull back on spending. Read More »

  • How small businesses are bouncing back

    After lagging behind the wider economy in 2012 and early 2013, small and medium-sized businesses are now experiencing the benefits, with both business confidence and economic outlook improving dramatically. Read More »

  • Blue cops US awards

    Blue magazine has been awarded a 2014 Premier Print Award (Certificate of Merit), for outstanding achievement in the production of stochastic printing. Read More »

  • The benefits of CSR to small business

    The term “corporate social responsibility” is nowhere near as old as the practice of corporate social responsibility. Though CSR has been one of the last decade’s most dynamic buzzwords, it has existed in one form or another from the dawn of business. CSR is the manifestation of the recognition that an enterprise exists not alone but within larger networks and that there is a constant push and pull between the activities of the enterprise and the developments within these networks which requires pro-active management to ensure that business is only positively affected. Read More »

  • Jca company to explore for oil

    The Petroleum Corporation of Jamaica (PCJ) says it will ensure that Jamaicans benefit if oil is found from the recently announced gas and oil exploration project. Read More »

  • Sales jump

    United States retail sales rose modestly in October, evidence that recent job gains and lower gas prices are lifting consumer spending as the holiday shopping season begins. Read More »

  • Region’s it ‘big wigs’ at the Hyatt

    The Ministry of Science and Technology in partnership with the National Information and Communication Technology Company of Trinidad & Tobago (iGovTT) and the eBusiness Roundtable recently hosted the fourth biennial ICT Business and Innovation Symposium at the Hyatt Regency (Trinidad) in Port of Spain. Read More »

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