Business Express

Sunday, March 29, 2015

Top Story

What’s next for La Brea?

IN 2008, development began on the Union Industrial Estate in La Brea with the intention of creating a second industrial hub on Trinidad’s western coast. Through the activism of Dr Wayne Kublalsingh, who led an environmental challenge in the court, and a change of Government in 2010, the estate’s mega industrial project - the Alutrint aluminium smelter - was scuttled after more than $3.2 billion had been spent. Read more »

  • Make housing promise a permanent feature

    It is unfortunate that Government’s housing programmes, which target low to middle-income families, almost always become enmeshed in electioneering. A few weeks ago, Housing Minister Roodal Moonilal announced that the Housing Development Corporation (HDC), which oversees the construction and distribution of units, will distribute 100 homes a week. Read More »

  • The NGC study likely to be more complex than might be imagined

    Is a “new energy economy” emerging in Trinidad and Tobago? If so, it would have been set in train by the current Minister of Energy and Energy Affairs Kevin Christian Ramnarine but the irony is he may no longer be in charge as it gradually comes to pass. Read More »

  • Raining cyats and dogs

    An American internet sting operation trapped a Trini man who thought he had a sex date with a teenager and she turned out to be the law. He was exposed and went naked into what he thought was her home. The narrator for the crime series hinted that the young man may have been into worse things than sex with a minor since he repeatedly spoke about what he planned to do with the young woman’s cat and hinted that the man’s sexual perversity may have included bestiality. Read More »

  • Why increasing gender diversity could boost business performance

    With gender equality issues and pay transparency at the top of politician’s and policy maker’s agendas – from Christine Lagarde to the European Parliament – the Association of Chartered Certified Accountants (ACCA) has published a briefing paper that aims to help CFOs, senior finance professionals and HR professionals working alongside finance teams to understand the value of gender diversity and make the business case for diversity to their peers. Read More »

  • Texas: From shale boom to water revolution

    Texas is famous the world over for two things on a massive scale: oil and droughts. Now the slick but dry state is becoming famous for water: that precious element that both resolves the drought problem and also makes it possible to pump more oil out of the ground. Not only does Texas have the Permian Basin and the Eagle Ford shale, but it also has the Gulf of Mexico and its massive oil deposits and endless gallons of seawater that are now economically treatable thanks to next generation water processing technology. Read More »

  • Minister Ramnarine unveils 2015 C’bean Energy Map

    Energy Minister Kevin Ramnarine on March 9 was presented with the 2015 Caribbean Energy Map by officials from the Petroleum Economist, the National Gas Company and Petrotrin. The handing over took place at the Ministry’s Head Office, Level 26, Tower C, International Waterfront Centre, Port of Spain. Read More »

  • Global cross-border shopping trends revealed

    Results from a new study commissioned by FedEx in the United States and conducted by Forrester Consulting on the priorities and preferences of global online shoppers indicate how truly global online shopping has become. With worldwide online buying behaviour currently representing more than US$1 trillion in sales per year and forecasted to nearly double in the next four years, according to Forrester Research data, the findings are revealing. Read More »

  • Ensuring more efficient spending and guarantee value for $$ spent

    Finance Minister Larry Howai says the country is operating in a world of increased uncertainty due to economic and geopolitical events globally. “From the brutal insurgencies of ISIS in Syria and Iraq to the atrocities of Boko Haram in Nigeria, risks and uncertainties are being created every day,” he told attendees last week at a breakfast meeting of the Chaguanas Chamber of Commerce. Read More »

  • 7 Caribbean countries on USA’s ‘Major Money Laundering List’

    Seven Caribbean countries have landed themselves on the United States’ “Major Money Laundering List” for 2015. A major money laundering country, according to the US is defined as one “whose financial institutions engage in currency transactions involving significant amounts of proceeds from international narcotics trafficking”, a News America report stated last week. Read More »

  • How magazine publisher Meredith finds success focusing on women

    The nation’s top publisher of magazines and websites for women has its origins in a journal sold door-to-door featuring tips to help farmers get ahead in the early 1900s. Read More »

  • blink/bmobile brings Zombie Island

    An invasion of zombies last Wednesday at the Helen May Johnston Room of Queen’s Hall, Port of Spain caused a stir in the crowd at the launch of the 2015 Decibel Entertainment Conference and Expo. The zombies were a sample of what the public could expect to encounter at the blink/bmobile Zombie Island project, one of the elements of Decibel 2015, sponsored by Republic Bank. Read More »

  • Confidence the biggest challenge for women

    For women in leadership positions, the key to success is often about taking risks, forging strong relationships, balancing work and personal life and having self confidence. Pat Krajewski knows this well and has used these factors to guide her 40-year career in the banking sector. Krajewski has worked her way up from a junior ledger keeper at Scotiabank Toronto to her present position as Scotiabank’s senior vice president, Public and Corporate Affairs. Read More »

  • TRANSPARENCY NEEDED WITH ‘CHAG’ CENTRE

    Because of its historical symbolism, ownership, use and development of the Chaguaramas Peninsula will remain a contentious issue that may never be resolved to the satisfaction of every interest group in Trinidad and Tobago. Historically, this choice chunk of national real estate that sits at the northern entrance to the Gulf of Paria, was steeped in a clash of cultures. Read More »

  • Amercian household wealth hits US$83 trillion record high

    Fuelled by higher stock and home values, Americans’ net worth reached a record high in the final three months of 2014. Household wealth rose 1.9 per cent during the October-December quarter to nearly US$83 trillion, the Federal Reserve said last Thursday. Stock and mutual fund portfolios gained US$742 billion, while the value of Americans’ homes rose US$356 billion. Read More »

  • Scent of a woman

    When I was small it used to be common for one of the school bullies to hold his clenched fist by the nose of the timid kids and say, “Smell this.” I have always found it interesting how the sense of smell is associated with things, events, even emotions that are not directly olfactory or which have no obvious link to the nose. It is true from my upbringing that I can literally “smell a rat” but we use the phrase to mean that something underhand is afoot. Read More »

  • Scent of a woman

    When I was small it used to be common for one of the school bullies to hold his clenched fist by the nose of the timid kids and say, “Smell this.” I have always found it interesting how the sense of smell is associated with things, events, even emotions that are not directly olfactory or which have no obvious link to the nose. It is true from my upbringing that I can literally “smell a rat” but we use the phrase to mean that something underhand is afoot. Read More »

  • Ramnarine: New liquefaction plant by 2017

    Caribbean LNG, the US$400 million, 500,000 tonne “mid-scale” liquefaction plant planned for the Labidco Industrial Estate in Southwest Trinidad, should be up and running and ready to export its first cargo by “late 2017, early 2018”, insists Energy and Energy Affairs Minister Kevin Christian Ramnarine. Read More »

  • Everyone is guessing when it comes to oil prices

    Predicting and diagnosing the trajectory of oil prices has become something of a cottage industry in the past year. But along with all of the excess crude flowing from the oil patch, there is also an abundance of market indicators that while important, tend to produce a lot of noise that makes any accurate estimate nearly impossible. Read More »

  • A company’s guide for practical cost saving

    In the realm of facilities maintenance and management, sustainability refers to the process of reducing the impact of the built environment on the environment. This impact includes our dependence on fossil fuels mainly through the use of electricity, the usage of water, and the overall use of consumable products that are used on a daily basis to operate our businesses. Given the dynamics of our society and culture, how do we encourage companies to implement sustainable or “green” initiatives? Read More »

  • Riding the Dragon

    This article is about the Las Alturas Enquiry into the collapse of two new Morvant apartment buildings erected by China Jiangsu International Corporation (CJIC) for the Housing Development Corporation (HDC). This enquiry seems a politically-motivated one into a serious failure of professional practice which could have cost human lives. Read More »

  • The euro’s tumbling — here’s why

    The euro is notching one milestone after another as it drops against major currencies. Last Wednesday, it hit a 12-year low against the dollar and many think its descent has further to go. The fall in Europe’s single currency has been dramatic—25 per cent since May, when it traded just shy of US$1.40. Back then, companies across Europe openly fretted about the strength of the euro and its impact on their exports. Read More »

  • Barbados tax revenues fall: Jamaica’s rise

    Tax revenues in Barbados have fallen the largest among Latin America and Caribbean countries (LAC) according to a new report. The report titled Revenue Statistics in Latin America and the Caribbean 1990-2013, shows that Barbados tax revenue amounted to BDS$2,522,896 million (One BDS dollar =US$0.50 cents) as compared with BDS$2,869,093 million the previous year. In 2011, the figure stood at BDS$2, 821,723. Read More »

  • ‘Drop in oil prices precarious’

    Oil prices have further to drop with few signs of slowing production in the United States, according to a global energy agency. The International Energy Agency, a watchdog group based in Paris that represents the world’s main oil-importing nations, said in its monthly report last Friday that the recent stabilisation in oil prices is “precarious”. Read More »

  • sando store coming

    Rahamut Enterprises Ltd in collaboration with Phillips 66 last Wednesday launched its distribution programme for Kendall Motor Oil in Trinidad and Tobago. The event was held at Woodford Cafe, Price Plaza, Chaguanas. Read More »

  • It’s A Love Thing

    “You have to believe in your people, in your own vision, your product, and the systems behind it.” This was the advice given by Adam Stewart, the chief executive of the Jamaica-based Sandals Resorts International and the ATL Group, which distributes appliances and vehicles. Stewart, 34, the feature speaker at the Annual Awards dinner of the Trinidad and Tobago Manufacturers’ Association (TTMA) at the Hyatt Regency (Trinidad) in Port of Spain last Thursday. Read More »

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