Business Express

Wednesday, July 23, 2014

Top Story

Foreign exchange blues

If you are having trouble getting foreign exchange, it’s likely not going to ease anytime soon. Economist at The University of the West Indies (UWI) Dr Roger Hosein explains that future demand for foreign exchange will likely be dictated by five factors Read more »

  • Hello to pay when crunch time comes

    In spite of calls from several quarters for Government to start dismantling the subsidies component of the transfers and subsidies segment of the expenditure side of the annual budget, that is hardly likely to begin in the next fiscal year. Read More »

  • Breakthrough to Suriname gas market

    Caricom’s Dutch-speaking member, Suriname, may well be the third market that the Trinidad and Tobago-based Caribbean LNG company, developer of the emerging small-sized regional gas trade, could capture in the region after the two French departements of Martinique and Guadeloupe, which have already been more or less sewn up. Read More »

  • Bridging the customer service gap

    The one thing about an airbridge is that it keeps you in suspense. When you’re part of it you tend to be on a permanent high. Although it involves plane sailing, running an airbridge is not all plain sailing and in the sense of unpredictability the only laws it responds to are gravity, Read More »

  • ‘Missing element’ for economy’s development

    Trinidad and Tobago is considered the most industrialised economy in the English-speaking Caribbean with its population of 1.3 million spread out over approximately 5,128 km2. During the 19th century its economy was primarily based on sugar; but when oil came, it took over. Read More »

  • Looking for the next oil boom? Follow the tech

    Much larger than Eagle Ford and once thought to have reached peak production, new technology has brought us full circle back to the Permian Basin in Texas and New Mexico, where the recent shift to horizontal well drilling has rendered this play the unconventional ground zero. Read More »

  • ACCA membership swells

    An increase of almost five per cent in member numbers has resulted in the Association of Chartered Certified Accountants (ACCA) achieving nearly 170,000 members in the past year. Read More »

  • Doing business by modern tech

    The Caribbean Broadcasting Union (CBU) is employing new media and 21st century technology as it re-launches its corporate website, with a brand new URL – www.caribroadcastunion.org. Read More »

  • Rules for Financial Freedom

    Advice and advisers are plentiful for individuals who have surplus funds—at least in the low hundreds of thousands of dollars—to invest. But it is easy to forget that the majority of the working population would not consider themselves “rich” or “wealthy”. Read More »

  • Local innovators sharing international experience

    Excitement and enthusiasm filled the atmosphere at the Hyatt Regency last week when the Trinidad and Tobago Chamber of Industry and Commerce’s Nova Committee presented its 2014 Small and Medium Enterprise Conference “Innovation in Business: the Caribbean Experience”. Read More »

  • Public secrets?

    It seems to me that we are entering a sustained and hard-fought information war, global in extent, but with local flavour. The main features of this are the attempted redefinition of privacy as a defunct notion, right alongside the State’s duty to know all about us Read More »

  • Economy improving

    The United States economy kept expanding in all regions of the country in June and early July, helped by strength in consumer spending, a Federal Reserve survey released last week indicates. Read More »

  • Jack Daniel’s evening

    Jack Daniel’s Tennessee Honey was launched on the Trinidad and Tobago market during an event held last Wednesday at Brooklyn Bar in Woodbrook, Port of Spain. Read More »

  • ‘Reinstate the property tax’

    As Finance Minister Larry Howai prepares to present his 2014/2015 national budget, he has been meeting with business leaders to hear what they think this year’s fiscal package should address. Senior economist at The University of the West Indies, St Augustine Dr Roger Hosein recently presented UWI’s policy recommendations for the 2014/2015 budget at an Employers’ Consultative Association breakfast meeting at the Courtyard by Marriott hotel in Port of Spain. Read More »

  • Getting production priorities right

    A major challenge facing the national economy other than diversification is low productivity. In the first six months of this year, voices ranging from government ministers to economists, representatives of business and international agencies, have stridently spoken out calling for improved productivity. The issue is not new. Read More »

  • ‘Crime won’t stop us’

    Venezuela’s Minister of Trade Dante Rivas says crime in Trinidad and Tobago, which remains a concern especially when it comes to homicides, is not deterring Venezuelan investors from seeking investment opportunities in the twin-island Republic. Read More »

  • LNG the way for Caribbean utilities

    Three authoritative studies can’t all be wrong, just like Sparrow’s 60 million Frenchmen, and they have concluded that, if Caribbean utilities really want to switch en masse from heavy fuel oil to gas as a power-generation fuel, then liquefied natural gas (LNG) is the way to go. Read More »

  • A new brew in the east

    There’s a new brew in Trinidad and Tobago’s coffee business, but you have to head east for a cup. Coffee Beanery officially opened a local franchise at level two, Trincity Mall recently. Read More »

  • ‘Duke’ as a four-letter word

    Before Trinidad and Tobago became independent, we had a “civil service”. Dr Eric Williams, who became our first Prime Minister, is supposed to have said that they were not civil and they were not prepared to serve. With Independence, the Civil Service became the “Public Service” and those employed within it were known as “public servants”. Read More »

  • Welcome to the ‘City of ANSA McAL’

    Local conglomerate ANSA McAL Ltd hosted its 85th Annual Shareholders Meeting on July 5 at the Regency Ballroom of the Hyatt Regency (Trinidad) in Port of Spain. Read More »

  • MasterCard study: Technology key for small business success

    Technology is often referred to as “the great equaliser,” but MasterCard’s new Merchant Scope study proves that the adoption of technology can present significant challenges for small businesses looking to level the playing field with their larger counterparts. Read More »

  • None so blind

    Property ownership is a critical ingredient of the society we are trying to build. No one can deny that. The wealthiest people and companies in this society have made a great part of their wealth through property dealings – buying, leasing, sub-dividing, selling, renovating and so on. We all know that property is critical to amassing and holding wealth. Read More »

  • The economy is robust

    Minister of Finance Larry Howai recently reviewed the state of the economy in a presentation to Parliament. It formed part of his request for approval of Government expenditure supplemental to the 2014 National Budget. Read More »

  • Designing system for increased labour productivity

    In his Inaugural Independence Day speech, Trinidad and Tobago’s first Prime Minister, Dr Eric Williams highlighted the importance of labour and its impact on the national economy. Fifty-plus years of independence on, the country’s watchwords, Production, Tolerance and Discipline still echo the significance of the worker in the development of our society. Read More »

  • Paltry car sales seen as sign of Cuba’s priorities

    It’s not your typical car lot. Just steps from the Florida Straits, dozens of vehicles sit covered in grime and baking in the Caribbean sun. An elderly security guard slumps in a sleepy waiting area, and customers are nowhere to be seen. Read More »

  • Brazil’s new stadiums seeking post-World Cup events

    The World Cup and its travelling circus have left town, and now four gleaming stadiums that cost US$1.6 billion and hosted massive crowds will echo noisily as their owners struggle to find a use for them or even partially fill them. Read More »

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