Business Express

Thursday, April 24, 2014

Top Story

A PULSE CHECK FOR GOVT

The business community is “cautiously optimistic” about the country’s economic outlook over the next six to 12 months, the results of the Central Bank’s first Business Confidence Survey suggest. The Bank, in conjunction with the Arthur Lok Jack Graduate School of Business initiated the quarterly survey last year in December; the results were published last month, including the new local benchmark indicator, Business Confidence Index (BCI). Read more »

  • ARE WE SO DESPERATE FOR MORE OIL?

    As the quest for increased oil production and additional oil reserves intensifies, inevitably, focus shifts to this country’s tar sands (oil sands) potential that are estimated to hold up to two billion barrels of oil. With daily crude and condensate production stuck at around 80,000 barrels per day (bpd), and proved reserves hardly moving from 800 million barrels, there are strident calls for Government to give the green light to companies that are poised to exploit tar sands deposits in southern Trinidad. Read More »

  • A TOWN CALLED MATILDA

    THERE is a town centre taking shape in the village of Matilda. The village is located about two kilometres east of Princes Town which is running out of commercial space, and is notorious for its traffic snarl and parking problems. Matilda is becoming a choice for people living in areas surrounding Princes Town. Read More »

  • LONG IN THE TOOTH AND TONG

    Between 1948 and 1958, Doris Day was a singer, radio performer in the Bob Hope show and occasional actress. In 1959 she hit the really big time with a series of romantic comedies in which she was typecast as an innocent, unsophisticated, “pure” young woman. This led to the quip attributed to Groucho Marx, “I’ve been around so long I knew Doris Day before she was a virgin.” Read More »

  • ‘auditors must act to halt waste of taxpayers’ money

    Public audit has a crucial role to play in both preventing ongoing waste of taxpayer money and boosting society’s trust and confidence about how governments spend public money, say the world’s audit chiefs in a new Association of Chartered Certified Accountants (ACCA) report - Breaking out: public audit’s new role in a post-crash world. Read More »

  • U and your money

    There are no shortcuts to riches and the stock market is no different. Deliberating on whether or not to enter the stock market is something every investor encounters and like every major financial decision has to be carefully weighed. Read More »

  • DO RENEWABLE SOURCES HAVE A PLACE IN CARICOM ENERGY MIX?

    Is it really possible that energy from renewable sources (RE) can be inserted into the Caricom energy mix in such a way as to make the slightest noticeable difference in the years ahead? The ministers behind the Caricom Energy Policy (CEP), which I discussed in this feature last week, certainly seem to think so. (Energy efficiency (EE), the other broad strand of the CEP, is much easier to accomplish in the short terms – you just have to remember to turn off a few light bulbs on a regular basis). Read More »

  • AIRLINES

    Airline executives frequently complain about fuel costs. But the truth is higher prices actually have been good for business. In the past six years, airlines have overhauled the way they operate to adjust to this new reality. They’ve shown more discipline by offering fewer seats, which ensures airfares are high enough to cover costs. Unprofitable routes have been eliminated. And every expense has been scrutinised. Read More »

  • Caricom gets chile support

    Chile has re-assured the Caribbean Community (Caricom) that it will support the socio-economic development of the 15-member grouping, according to a statement issued last week. The statement issued by the Guyana-based Caricom Secretariat on the conclusion of the two-day visit to Santiago by Secretary General Irwin la Rocque, noted that President Michele Bachelet gave the assurance during talks with the Caricom delegation. Read More »

  • The potential of exporting to niche markets

    The Medium Term Policy Framework 2011-2014 identified agro-processing as one key sub area for diversification stating that “developing sector niches that offer opportunities to create value and develop businesses that have strong long term growth prospects”. Statistics reveal that agriculture, as a percentage of Gross Domestic Product, has been continuously declining. Read More »

  • energy ministry adds hybrid toyOtA camry to fleet

    The Ministry Of Energy and Energy Affairs has added a second hybrid vehicle to its fleet with the purchase of a Hybrid Toyota Camry. This comes two years after the purchase of their first hybrid, the Toyota Prius, in 2012. Read More »

  • fashion and elegance

    Scores of style seekers gathered at the fashion-infused CLD—Charu Lochan Dass boutique launch on April 13 at Gallus Street,Woodbrook. The event unfolded against the backdrop of the boutique’s minimal black and white decor with a hint of Baroque elegance, and also allowed for local and regional clients to access the designer’s looks from the runways of New York, USA, with additional garments made exclusively for the boutique. Read More »

  • 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 »

  • AUDI RECORD

    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 »

  • THE NEW NO

    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 »

  • NEW HOME FOR PAN-AMERICAN LIFE AGENCY IN TOBAGO

    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 »

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