Business Express

Monday, April 27, 2015

Top Story

‘We will learn from IPO’

Every aspect of Karen Darbasie’s life is planned out. She strategises every move, so when she accepted the post of chief executive officer of State bank First Citizens, it was no quick decision. Darbasie, First Citizens’ first woman CEO, officially took up the position at the bank on April 7. Read more »

  • Partnership and PNM must come clean...

    People’s National Movement leader Dr Keith Rowley, addressing the Energy Chamber last week, lamented the abandonment of the Alutrint aluminium smelter plant at La Brea when the People’s Partnership Government took office in 2010. Read More »

  • T&T - ‘easiest place we’ve ever worked’

    The deepwater exploration programme now in train is potentially the most transformative of the four components of Minister of Energy and Energy Affairs, Kevin Ramnarine’s “new energy economy”. If it succeeds, it will be delivering substantial amounts of new crude oil and associated gas or gas on its own account that will boost the country’s hydrocarbon production back up to heights seen in the good old days. Read More »

  • Global leaders see economy getting stronger

    Financial officials from the world’s major economies have welcomed modest improvements in the global economy while side-stepping fears rattling global financial markets that Greece will default on its bailout loans. Read More »

  • PROTEST AND SERVE

    Where does a thousand pound gorilla sleep? Anywhere it wants. This children’s riddle is based on the fact that size is not everything – it is the only thing. Read More »

  • Republic $1b bond issue gets high rating

    Caribbean Information and Credit Rating Services Ltd (CariCRIS), the Caribbean regional credit rating agency, has reaffirmed the ratings of CariAA+ (Foreign Currency Rating) and CariAA+ (Local Currency Rating) on the regional rating scale, and ttAA+ on the Trinidad and Tobago national scale to the debt issue of $1 billion of Republic Bank Ltd (RBL). Read More »

  • The game-changing water revolution

    Globally, water demand is threatening to dangerously outpace supply, while in the United States, dry states such as Texas and California are suffering from shortages and the future forebodes more suffering. For the North American shale boom, the lack of water is suffocating. Read More »

  • Grant Thornton grows global presence in t&t

    Grant Thornton, one of the world’s leading organisations of independent assurance, tax and advisory firms has announced a new member firm in Trinidad and Tobago, which it says will add strength to an already solid presence across the Americas. Read More »

  • The data revolution

    The digital revolution, one of the biggest paradigm shifts seen on a global level, has a major impact that cuts across all of our societies’ activities. This has generated exponential growth in the volume and types of available data, which are produced continuously and at great speed by people, machines and sensors, electronic transactions and via the use of Internet, among other sources. Read More »

  • Hope for American college seniors

    The consulting and accounting firm EY is aggressively recruiting on United States college campuses this spring. The company formerly known as Ernst & Young plans to hire 9,000 graduates from US universities this year, up from 7,500 in 2014. But recruiting isn’t as easy as it used to be. Read More »

  • Two wrongs don’t make praedial larceny right

    Many readers will no doubt recall the video shot in early March, of a burly farmer holding a lasso around the waist of an emaciated, pitiful looking woman and walking along the side of a rural road in Massy Lands, Gasparillo in the midday sun. Read More »

  • World Bank: Caribbean growth down to 0.8%

    With China growing at a more moderate pace and commodity prices stabilising at lower levels, Latin America and the Caribbean will need to adapt to a “new normal”, the World Bank has said. Read More »

  • Chaguaramas flourishing, businesses under stress

    Chaguaramas, these days, is looking more like one of the country's most attractive destinations for new business. Upcoming multi-million-dollar projects including a water and amusement park, an upscale restaurant, a mall and a four-star hotel are projected to create thousands of jobs. Read More »

  • Is Shell-BG merger a blessing?

    The US$70 billion deal between Royal Dutch Shell and the BG Group will have an impact on Trinidad and Tobago’s critical energy sector the moment the two companies sign the agreement. Shell, the fifth largest oil and gas company in the world, will add to its portfolio the 44th-ranked BG, a move that will immediately make Shell the biggest shareholder in Trinidad and Tobago’s prized Atlantic plant. Read More »

  • Solving the crippling cost of Caribbean electric power

    Entrepreneur Donald Baldeosingh, former chairman of the State-owned hydrocarbon producer and refiner Petrotrin and the government of Trinidad and Tobago have sharply differing ideas about how to lower the crippling cost of electric power in the Caribbean region and both should meet to see if these differences can be reconciled. Read More »

  • Latin America looking North for business

    In Mexico City, an auto parts company expects to ride a resurgent US auto industry to US$1 billion in annual revenue by 2016. In Bogota, Colombia, a company that makes plastic water valves is hoping an expansion into the United States will super-charge its exports. Read More »

  • Down to a ‘T’

    I have not bought a new vehicle since 2007 and now realise how much has changed since then. From what I see on the roads, indicators are no longer standard equipment in any Trini vehicle. They now count as accessories which you can do without and instead splurge on fancy rims and trimmings. On my daily trips to and from Diego Martin, I realise that the only indicators are aggressive manners, impatient behaviour and louder horns generally from behind you at the slightest sign of a delay. Read More »

  • Two EC coins out

    From July, two Eastern Caribbean coins will be taken out of circulation. The one cent and two cent EC coins will be withdrawn from circulation, a statement issued by Deputy Governor of the Easter Caribbean Central Bank Trevor Braithwaite said last week. Read More »

  • PM’s energy evolution

    Prime Minister Kamla Persad-Bissessar last Friday delivered Government’s vision of the future of the energy sector of Trinidad and Tobago and what it could mean for other countries and investors. She was speaking at the Summit of the Americas Chief Executive Officers’ Conference “Energy: Fuelling America’s Growth” at the Riu Plaza Hotel in Panama. Read More »

  • Top 12 media myths on oil prices

    The upstream oil and gas industry is not a black hole. There’s no mystery wrapped in an enigma here. There are a lot of meetings with engineers, chemists and geologists. There’s a constantly evolving learning curve. And then there’s all the regulations and compliance. But all-in-all it’s pretty straight forward, that is, until the media gets a hold of it. Read More »

  • Our Land: The Caroni case

    Caroni (1975) Ltd, the loss-making sugar conglomerate which was also a State Enterprise, was closed on August 1, 2003. The Caroni estate has to be located within the wider context of our National Land Policy, if we are to make sense of what is happening. Read More »

  • The tipping point

    One of the major issues in our service industry, in particular, restaurants, is the ubiquitous custom of service charge and additional tipping in daily operations. This custom has sparked several concerns from customers, management, employees and the government tax laws, however, it will perpetuate as long as there are no set rules identified for the service industry. Read More »

  • Green buildings

    The primary objective of a Green building is to minimise the impact it has on the natural environment and social landscape. Additionally, they are considered to be smart buildings, “businesses” in themselves that control their operating costs through focused attention on reduced energy and water consumption, enhanced equipment efficiency, consistent routine maintenance, and more flexible building and human resource management. Read More »

  • Jamaica, US sign LNG agreeement

    The Governments of Jamaica and the United States last Friday signed a Statement of Intent outlining the planned areas of co-operation on the development and deployment of energy-related technologies between both countries. Read More »

  • ‘Barbados well placed to be Cuba gateway’

    Barbados is well placed to be marketed as the gateway to Cuba for US and other investors who may be ready to take advantage of the opportunities that an opening up of Cuba may present. Read More »

  • American hiring slowing down

    A weakening United States economy spilled into the job market in March as employers added just 126,000 jobs – the fewest since December 2013 – snapping a 12-month streak of gains above 200,000. The unemplo Read More »

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