Business Express

Friday, November 21, 2014

Top Story

‘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 »

  • 15-20% decline in sales from 2013

    Businesses in the country are trying to stay optimistic that the slow start to Christmas sales so far not an overall picture of what the entire yuletide shopping season will be like. As early as last month retail and wholesale stores across the country rolled out their Christmas stock and began promotions to attract customers. Read More »

  • Need for continuity

    It is refreshing to hear the current chairman of the Economic Development Board (EDB), Mr Richard Young, commend his predecessors for laying the groundwork upon which he and his colleagues can move forward with their critical mission of diversifying the economy. Read More »

  • Still ‘land of opportunity’ for oil

    Energy and Energy Affairs Minister Kevin C Ramnarine has a soft spot for all of the small or “independent” companies active on land in Trinidad because he sees them as the saviour (along with state-owned Petrotrin, which operates both onshore and in the Gulf of Paria) of the country’s hard-hit crude-producing sector. Read More »

  • Medicine minus of Maraval

    I had to conclude that the gentleman may have been consuming too much of his stock-in-trade without prescription and, as everyone knows but does not actually practise, self-diagnosis and medication, even if you’re an experienced doctor or pharmacist, is not recommended by nine out of ten physicians and pharmacists, especially pharmacists, since their job is to dispense what doctors prescribe and not improvise or substitute unless the item is generic. And even then with great care. Read More »

  • Financial disruption keeping Caribbean expectations low

    Business confidence in the Caribbean fell to a multi-year low in the third quarter of 2014, the largest regular survey of finance professionals around the world has said. The Global Economic Conditions Survey (GECS) for the third quarter of 2014, carried out jointly by the Association of Chartered Certified Accountants (ACCA) and the Institute of Management Accountants (IMA) found that 50 per cent of respondents in the region reported a loss of confidence, up from 27 per cent in the second quarter Read More »

  • The driving force behind US oil boom

    The shale revolution’s sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play’s economics. Behind the stardom of the explorers and producers who have put themselves on the revolutionary shale map and absorb most of the risk—are the service providers who make up a highly lucrative market segment. The US land-based rig count rose three per cent over the last quarter, reaching a two-year high of 1,870 active rigs. Read More »

  • ‘Saudis can run US shale guys out of business’

    Saudi Arabia’s rivals in the shale fields from North Dakota to Texas aren’t flinching as the Persian Gulf kingdom wages a price war to reclaim market share and chill competition, New York-based business news service Bloomberg has reported. Read More »

  • World Bank: Room for improvement with Caribbean Economies

    A new World Bank Group report finds that over the past year, 50 per cent of economies in the Caribbean implemented at least one reform making it easier for local entrepreneurs to do business-12 reforms in total, an historical high for the region. Read More »

  • Demystifying the procurement process

    With the procurement landscape in Trinidad and Tobago expected to undergo some positive changes soon the Trinidad and Tobago Chamber of Industry and Commerce has set out to increase public education and awareness on procurement at its 2nd Annual Business Opportunities in Trinidad and Tobago (BizOppsTT) Conference on November 17-18, 2014 at the Port of Spain Ballroom, Hyatt Regency. Read More »

  • T&T signs global pact to stamp out tax evasion

    Trinidad and Tobago has joined 54 other countries in the new global standard of automatic exchange of taxpayer information. This was announced by Minister of Finance Larry Howai last month who attended meetings of the Global Forum on Transparency and Exchange of Information for Tax Purposes in Berlin, Germany. Read More »

  • Natural Gas: The New Gold

    Natural gas is creating a new reality for economies around the world. Three major developments of the past few years have thrust natural gas into the spotlight: the shale gas revolution in the United States, the reduction in nuclear power supply following the Fukushima disaster in Japan, and geopolitical tensions between Russia and Ukraine. Read More »

  • What tourism policy?

    What is Haiti’s strategy to re-invent the island’s tourism sector to attract private equity firms to invest in hotels, resorts and transportation projects after years of political struggles, financial impropriety and natural disasters? Haiti had its heyday when the Clintons honeymooned there which spurred on curious travellers to visit this once-wealthy island in the Caribbean. Read More »

  • Standard Distributors brings the St James experience

    Standard Distributors Ltd last Thursday celebrated the transformation of its St James Branch with a special ceremony in the newly renovated showroom. Read More »

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