Business Express

Friday, April 18, 2014

Top Story

What it takes to make employees more productive

If organisations in Trinidad and Tobago want their employees to be more productive, they have to trust them. This was one of the big ideas offered by business consultant Daniel Pink at last Thursday’s Distinguished Leadership and Innovation Conference, hosted by the Arthur Lok Jack Graduate School of Business and part-sponsored by the Caribbean Communications Network which publishes the Trinidad Express. Read more »

  • Navigating rough waters ahead

    Without doubt, Trinidad and Tobago can be proud of its record as an innovator in the downstream energy sector. Given our relatively small natural gas reserves – around 13 trillion cubic feet, ranked 33rd in the world – we have achieved much wealth by monetising the gas in a range of value-added manufacturing processes, producing methanol, ammonia, urea, LPG and LNG, among the more successful operations. Read More »

  • Opportunity to discover New Paths

    The Caribbean is a rich, dynamic region with a mix of people and cultures that makes it one of the most vibrant places on earth. But one of the things the region lacks is a diversified economy, especially one with a thriving venture capital industry that encourages not only the development of small and medium enterprises (SMEs), but more importantly, innovation. Read More »

  • What does the Deep Atlantic hold?

    A 500 million to one billion barrel oil discovery in one of Trinidad and Tobago’s deep water blocks? Sounds very hyperbolic but that’s what our Minister of Energy and Energy Affairs, Kevin Christian Ramnarine, suggests is possible in Trinidad and Tobago Deep Atlantic Area (TTDAA) block 5, in the southern section of the deep water block portfolio. Read More »


    In March, Audi delivered more cars to customers than ever before in a single month. Around 170,450 deliveries were made worldwide, a 15.4 per cent year-on-year increase. This result also made March the 51st consecutive month with global sales growth for the four rings. China (36.6 per cent), Germany (10.2 per cent) and the United Kingdom (12.7 per cent) achieved particularly high growth in the past month, the company said in a statement from its headquarters in Germany last week. Read More »


    Long before the internet some Ancient Egyptian is supposed to have said speech is silver but silence is gold. This might either be the riddle of the Sphinx of the curse of the Mummy. English poet, Thomas Carlyle expanded it to, “Silence is the element in which great things fashion themselves together; that at length they may emerge, full-formed and majestic, into the daylight of Life, which they are thenceforth to rule.” Read More »

  • IMF: World economy stronger but faces threats

    The global economy is strengthening but faces threats from super-low inflation and outflows of capital from emerging economies, the International Monetary Fund has warned. The lending organisation expects the global economy to grow 3.6 per cent this year and 3.9 percent in 2015, up from three per cent last year. Those figures are just one-tenth of a percentage point below the IMF’s previous forecasts in January. Read More »

  • REPSOL welcomes Energy minister

    Minister of Energy and Energy Affairs Kevin Ramnarine and other senior representatives from his Ministry toured the Seadrill Jack Up Rig on Saturday, April 5, located at Teak Bravo platform off shore the east coast of Trinidad. The rig is working for Repsol who is the Operator of the Teak, Samaan and Poui fields with co-venturers Petrotrin and NGC. Read More »

  • Republic Bank Credit Card Holders Score Big

    Republic Bank’s marketing manager, Product Management, Group Marketing and Communications, Shedley Branche (left) shares the spotlight with Ahilia Persad- Maharaj (October monthly winner), Dwayne Modeste ( November monthly winner) and Denyse Mohammed- Lookit (December monthly winner), after they each received their prizes of a One 42-inch LED Smart television set for participating in the Republic Bank VISA FIFA 2014 Promotion. Read More »


    It was an evening of celebration for the Pan-American Life Insurance Company of Trinidad & Tobago (Palig) and the people of Tobago as the Amery Rauseo Agency marked the official move into its new premises in Caanan, Tobago. Read More »

  • No ka-ching at the Board of Inland Revenue

    Since March 19 not a ping has been heard at Trinidad House. The president of the Public Services Association (PSA) Watson Duke and his association’s members have complained that their health and safety are compromised in an environment that diminishes their welfare, and that Government is breach of section 15 of the Occupational Safety and Health Act (OSHA), which places a fundamental duty on employers to provide their employees with a safe and healthy work environment. Read More »

  • Airlines take a beating

    The bad news for travellers is that US airlines posted terrible on-time numbers and record cancellations in February, as winter storms fouled operations at several large airports. The good news is that no US flights were stuck on airport tarmacs for more than three hours, the limit set by federal rules. The US Department of Transportation reported last Thursday that only 70.7 per cent of domestic flights arrived within 14 minutes of schedule — that’s the leeway allowed while still being counted as on-time. Read More »

  • Jamaica auditor general: Public financial management inspires confidence

    Sound public financial management (PFM) systems ensure accountability and efficiency, asserts Pamela Monroe-Ellis, Auditor General of Jamaica in an essay included in a new report from the Association of Chartered Certified Accountants (ACCA) called Breaking out: public audit’s new role in a post-crash world. Read More »

  • ICATT inducts 126 new members

    The Institute of Chartered Accountants of Trinidad and Tobago (ICATT) has welcomed a total of 126 accounting professionals to its membership ranks for the period January 2, 2012 to March 31, 2014. Thirty-two of the new members were present for the formal induction ceremony which was conducted after the institution’s Annual General Meeting at the Radisson Hotel, Port of Spain, on March 27. Read More »

  • United States firms worried about worker shortage

    The construction industry says it’s in danger of running short on workers to keep up with the demand for building projects, as employees age and more teens are pushed to go to college. To counter the effect, a top construction trade group kicked off an effort last week to help bolster the employment ranks. Read More »

  • World Bank: Caribbean economies holding steady

    The World Bank says the Caribbean and Latin America have been holding steady, despite tighter external condition. Last Wednesday the Washington-based financial institution said while international investors shift their focus back to advanced economies, particularly the United States, as a result of monetary policy normalisation, emerging economies face much tighter financial conditions. Read More »

  • Welcome to the Radisson

    The Radisson Trinidad hotel officially unveiled its new name and sleek, modern look last Monday, and celebrated the event in style with a cocktail reception attended by some of Trinidad’s highest-profile personalites, like former president George Maxwell Richards his wife and Dr Jean Ramjohn-Richards, former prime minister Basdeo Panday and his wife, Oma, and several members of the Cabinet, including Prime Minister Kamla Persad-Bissessar. Read More »

  • New Frontier for Financing

    Christopher Columbus is best remembered as the man who “discovered” the Caribbean. While his maritime exploits are well highlighted in the pages of history, he is less considered for what was probably a more remarkable feat—convincing Queen Isabella and King Ferdinand of Spain to fund his fanciful start-up venture of trying to find a westward route to the Far East. Read More »

  • Recognise tourism’s potential

    The current government, like its predecessors, has repeatedly pronounced on tourism being a “growth pole” and a critical component of a diversified economy to which it is allocating additional resources. Read More »

  • ‘Future investment opportunity that can’t be ignored’... Tar Sands

    Our Energy and Energy Affairs Minister, Kevin Christian Ramnarine, was strongly urged by me in ‘Energy Insider’ on January 8 this year to move with some haste to decide whether he supported, or opposed, the idea of extracting the very heavy oil resource known as tar sands (think Pitch Lake) in order to add to Trinidad and Tobago’s crude production, which is currently way below its potential. Read More »


    In 2005 a specially-modified police vehicle used by an undercover anti-crime police unit based in the Northern Division was reportedly stolen. The car had been parked outside the home of a mechanic for more than a month. The mechanic said he was test driving the car when a woman called out to him. He left the car at the side of the road and spoke to the woman. Shortly after, the woman ran to the car, jumped into the driver’s seat and sped off. Read More »


    Representatives of the World Bank recently collaborated with Trinidad and Tobago in conducting its National Risk Assessment of money laundering and financing of terrorism risks. A three-day workshop was recently held in Port of Spain from March 17-19 and it was the first of a three-phase process, the Financial Intelligence Unit said in a statement issued by the Ministry of Finance. Read More »

  • U and your money

    You may think 22 is too early to start thinking about your retirement but the years can creep up and suddenly you find yourself unprepared. Retirement planning is not something most people look forward to, but it is a necessary part of life. If you get your act together now, you can achieve financial independence decades ahead of your peers who keep muddling from paycheck to paycheck. Read More »

  • T&T producing only 1 per cent of the meat consumed

    To satisfy the country’s growing taste for sheep and goat meat, millions of dollars have been spent on a project to increase local supply. But despite the funding, and with less than two years before the project is to end, local farmers are still not yet sold on the benefits. The country is the second largest importer of small ruminant meat in the Caribbean after Jamaica according to data from the International Trade Centre, a joint agency of the World Trade Organisation and the United Nations. Read More »

  • Sustainable Energy Solutions

    High energy costs are the Achilles heel of the Caribbean. More than 97 per cent of this region’s electricity is generated from fossil fuels and many islands devote a hefty portion of their GDP to fuel imports. On some Caribbean islands, electricity bills can soar up to six times higher than in the United States, which creates a burden for many local businesses. At the same time, these islands are vulnerable to the environmental impacts associated with fossil fuels, including air pollution, rising sea levels, and coral bleaching. Read More »

  • LIAT to stay in Antigua

    The Antigua and Barbuda government says the regional airline, Leward Islands Air Transport (LIAT), will not be shifting its headquarters to Barbados even as that island’s Tourism Minister Richard Sealy has promised that additional operations of the airline will be moved to the Grantley Adams International Airport (GAIA). Read More »

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