Business Express

Friday, January 30, 2015

Top Story

Perfect Storm Coming

Group economist at RBC Caribbean Marla Dukharan has predicted an economic contraction for 2015 if oil prices remain low. Read more »

  • Making part-time full-time

    The business community has proposed to Government that it works together to train CEPEP workers for full-time employment in the manufacturing and commercial sectors. At its meeting with Prime Minister Kamla Persad-Bissessar on the state of the national economy two weeks ago, leaders of several chambers and the Trinidad and Tobago Manufacturers’ Association (TTMA) highlighted labour shortage as a major hindrance to the success of their operations. Read More »

  • That power cable between Trinidad and Guyana

    The only lacuna in the Energy Chamber’s annual petroleum conference, which ends today, was the sparse amount of attention paid to energy activities in the Caribbean outside of Trinidad and Tobago. Read More »

  • Venezuela’s economic troubles hurt US corporate profits

    Venezuela’s deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt United States corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year. Read More »

  • Looking at it from a business perspective

    In light of declining oil prices, the Employers Consultative Association of Trinidad and Tobago (ECA) recently sought to address the situation from a business perspective by addressing implications for the business community. Read More »

  • Oil price collapse hurting some more than others

    United States oil and gas rig counts dropped to their lowest level in over four years, falling by an additional 74 units for the week ending on January 16. The lower count provides fresh evidence that low oil prices are forcing drillers to pare back operations and slash spending. Read More »

  • Business ethics - Really?

    To the average person, business ethics sounds like an airy fairy concept with limited relevance to the real world. The practice of business is to buy cheap and sell dear, and not to bother in some instances whether the cheap price obtained or the dear selling price, is ethical or not. To the average person, business ethics is a public relations stunt employed by large successful companies to look good. Read More »

  • Can the Cuban hotels handle it?

    The success of United States President Barack Obama’s new Cuba policy depends partly on hotel hand towels. Read More »

  • McDonald’s earnings fall

    McDonald’s isn’t lovin’ it, and it’s going to do something about it. The world’s largest hamburger chain reported falling earnings and sales for its fourth quarter on Friday and says it is going to take action this year to save money and bring customers back. This includes slowing down new restaurant openings in some markets. Read More »

  • Global economic prospects to improve in 2015

    Following another disappointing year in 2014, developing countries should see an uptick in growth this year, boosted in part by soft oil prices, a stronger United States economy, continued low global interest rates, and receding domestic headwinds in several large emerging markets, says the World Bank Group’s Global Economic Prospects (GEP) report. Read More »

  • Change CEPEP Now

    Business leaders stood together on two issues last week: that the shortage of labour is affecting business for them and; the Community-Based Environmental Protection and Enhancement Programme (CEPEP) could be a solution to the labour shortage. Read More »

  • Saving for lean times

    Amidst a barrage of criticisms and a plethora of suggestions on how government should handle the national economy in the face of declining oil prices, there was a voice of reason – that of Independent Senator Dhanayshar Mahabir, who commented on the issue in the Senate last week. Read More »

  • Inglefield Republic’s Board director

    Republic Bank Ltd has announced the appointment of Peter Roberts Inglefield to the position of board director. Read More »

  • ROBBERY WITH ‘V’

    A long time ago when I was a student in Ottawa, learning news production, we did a spoof newscast and one of the “hot” stories that topped the news was this item, “A thief broke into the Rexall drug chain and stole almost the entire stock, leaving only the hair tonic and condoms. (Pause). Police are looking for a bald-headed Roman Catholic.” Read More »

  • Big energy talks here next week

    The Energy Chamber of Trinidad and Tobago continues to display an astonishing ability to be able to attract some of the most senior people in the international oil and gas industry to fly down, or up, as the case may be, to Port of Spain to address its annual energy conference, taking place this year next Monday, Tuesday, and Wednesday, at the Hyatt Regency (Trinidad) hotel on the city’s waterfront. Read More »

  • Rivulet Road becoming the country’s energy hub

    Phoenix Park Gas Processors Limited (PPGPL) officially opened its new administrative office earlier this month at Rivulet Road, Couva. The building, which cost US$12 million, will accommodate at least 75 staff members. Read More »

  • Balancing the scale

    This article is to engage the issues of falling national revenues due to price declines for fossil fuels, the ongoing commentary and the PM’s 8th January 2015 statement with its attendant criticisms. I am going to focus on the role of the real estate and construction sectors in this unfolding series of serious challenges. Read More »

  • WEF: International conflict a major global risk in 2015

    The World Economic Forum released the 10th edition of the Global Risks report on January 15. The biggest threat to the stability of the world in the next ten years, according to the recently released report, comes from the risk of international conflict. Read More »

  • Looking back, moving ahead

    It is fitting at the dawn of the new year to remind citizens that Trinidad and Tobago Transparency Institute (TTTI) or Transparency is the National Chapter of Transparency International (TI), the global coalition against corruption. Read More »

  • 5 ways to play oil price plunge

    The collapse of the oil price has created losers and winners, and like every major movement in a commodity sector, the trick for investors is figuring out which side of the trade to be on. Read More »

  • IMF: High debt and unemployment threaten global growth

    Two problems stemming from the 2008 financial crisis — heavy government borrowing and high unemployment — still pose challenges to the global economy and require bold action, the head of the International Monetary Fund said. Read More »

  • Kendall-Jackson in T&T

    On January 8, Massy Distribution hosted the launch of Kendall-Jackson wines with a guided tasting by Juan Maggi, international sales director and sommelier at Jackson Family Wines. Read More »

  • ‘Colombia is the answer’

    Colombia was the country brand in Latin America that had higher growth in its value compared to 2013, says the annual report of the consultancy Brand Finance, a company specialising in valuation and brand strategy firm worldwide, measuring the value of the country brand based on GDP Goods and Services, Tourism, Talent and Investment of a nation. Read More »

  • Caribbean real estate market heating up

    Property and tourism sectors in the Caribbean and Central America are set to grow in 2015, the latest edition of The Caribbean Property Investor magazine says. Read More »

  • PM missed her chance

    University of the West Indies economist Dr Roger Hosein is hoping that the address given by Prime Minister Kamla Persad-Bissessar last Thursday night on the state of the economy will be the first of several for this year as a lot information was left out. Read More »

  • PM needs to come clean

    Prime Minister Kamla Persad-Bissessar’s address to the nation last Thursday night was notable for what she did not say more than for what she said. Read More »

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