Business Express

Monday, January 26, 2015

Top Story

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 »


    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 »

  • Sagewan-Alli: Govt ignored warnings

    Economist Indera Sagewan-Alli is convinced that Trinidad and Tobago should not have found itself in a place where plummeting crude oil prices can still bring uncertainty. Read More »

  • ACCA: Companies must talk more about risky business

    The way in which companies report the risks they face needs to improve and move away from being too bland, too generic, too wordy and too biased on the positive, says a new report from the Association of Chartered Certified Accountants (ACCA). Read More »

  • Caribbean stimulus needed amid low oil prices

    Faced with weaker export prospects, an impending rise in global interest rates and fragile financial market sentiment, the World Bank is urging Caribbean countries to rebuild fiscal buffers to support economic activity in case of a growth slowdown. Read More »

  • Russian roulette

    When I was a schoolboy pushing and shoving my way into a crowded bus or train, the inevitable reaction from people on whose toes I had trodden or whose shins I had kicked was, “You is a Russian or what?” Now that “or what” (pronounced “o wat”) is a serious thing and has caused problems in other spheres of human endeavour. Read More »

  • No minister ‘teefing’ any of the energy revenue

    I faithfully promised Victor A Hart, chairman of the Trinidad and Tobago Extractive Industries Transparency Initiative (TTEITI) that I would review his 2012 report, entitled “Making Sense Of T and T’s Energy Dollars”. It is a little late, I know, the hard copy of the document having been handed over to the Ministry of Energy and Energy Affairs (MEEA) in October last year but I always try to live up to my promises and better late than never, as I am sure Hart will agree. Read More »

  • The real cause of low oil prices

    With all the conspiracy theories surrounding OPEC’s November decision not cut production, is it really not just a case of simple economics? The United States shale boom has seen huge hype but the numbers speak for themselves and such overflowing optimism may have been unwarranted. When discussing harsh truths in energy, no sector is in greater need of a reality check than renewable energy. Read More »

  • T&T must move to close the gaps

    The challenges being experienced by businesses in finding labour is one which the Chamber has been drawing attention to for some time now. Private companies are hard-pressed to compete for available labour, due in part to government temporary work programmes, which may be viewed by some as less demanding. Read More »

  • Keeping people and country first

    In her address on the state of the economy at the Diplomatic Centre, St Ann’s last Thursday, Prime Minister Kamla Persad-Bissessar maintained that the challenges being experienced due to price turbulence in the global energy sector have created the conditions where Trinidad and Tobago’s reforms, strength and resilience are being tested. Read More »

  • Wish list

    Health for themselves and wealth for the economy in 2015. This is what businesspeople in Central and South Trinidad were asking for last week when the Business Express polled them on their wishes for the new year. Read More »

  • A recipe for disaster

    The year 2015 will be a challenging one for the economy. The government has come around to accepting this reality, with Prime Minister Kamla Persad-Bissessar scheduled to address the nation tomorrow on the impact on revenue of falling oil prices and measures Government proposes to implement to deal with the anticipated shortfall. We agree with the PM when she says there is no cause for panic – not yet, anyway, and certainly not if Government and citizens take steps to avert a crash as occurred in the 1980s when oil prices plummeted and stayed low for more than a decade. Then, successive governments had no choice but to cut wages and salaries and impose other harsh measures that did not make them popular. Read More »

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