Business Express

Sunday, December 21, 2014

Top Story

Banking on Xmas Boost

The economic slowdown this year has not affected non-energy businesses in a big way just yet, heads of various business organisations are saying. Read more »

  • A call come too late?

    While the Central Bank’s main responsibility is to maintain monetary and financial stability in the country, it is regarded as being independent of Government, hence trustworthy in its supervisory role over commercial financial institutions and in its pronouncements on the national economy. Read More »

  • NGC keeps its ratings

    Caribbean Information and Credit Rating Services Ltd (CariCRIS) has reaffirmed the ratings of CariAAA (Foreign and Local Currency) on the regional rating scale, and ttAAA on the Trinidad and Tobago national scale to the US$400 million debt issue of the National Gas Company (NGC).  Read More »

  • Way open for Imbert

    The fact that the political leader of the Opposition People’s National Movement (PNM), Dr Keith Rowley, acquiesced in PNM Member of the House of Representatives for Diego Martin North/East, Colm Imbert’s delivery, of what amounted to a policy statement on the energy sector to the Rotary Club of Port of Spain recently, strongly suggests that Imbert is likely to be the minister of energy if the PNM were to win next year’s general election. Read More »

  • Chaguanas ready for city status

    The Borough of Chaguanas has the potential to become a model city for the Caribbean as well as its business hub, says president of the Chaguanas Chamber of Industry and Commerce Richie Sookhai. Read More »

  • The mannequin man

    I was thinking recently how difficult it must be to acquire a mannequin. In fact, especially in Trinidad, it could be one of the most embarrassing moments of your life. Consider that you reach the point where you believe, for whatever reason or purpose, you must have a mannequin. Read More »

  • Oil price tumbles after opec 2015 forecast

    The demand for oil in 2015 will drop to its lowest level since 2002 because of an oversupply of crude and stagnant economies in China and Europe, according to the Organisation of Petroleum Exporting Countries’ (OPEC) latest forecast. And that’s just one of several sour estimates. Read More »

  • Meet the man on charge of Virgin C’bean

    Trinidadian Andre Bello is leading the charge to take Virgin Atlantic’s operations in the Caribbean to new heights. Just two years with the United Kingdom airline, he has been able to produce growth sales. Read More »

  • Colombia looking for Caribbean investors

    Over the past decade, Colombia has become a leader in the energy sector of Latin America, creating an ideal opportunity for Caribbean investors looking to tap into an emerging energy hub, investment agency PROCOLOMBIA says. Read More »

  • Riding the digital wave

    Satisfying customers and outshining competition is easier than ever using digital marketing tools, including big data and analytics. Read More »

  • Gtech brightens Jairah House

    Another month, another donation. Read More »

  • Massy Stores SuperCentre 1st Birthday!

    On December 6, Massy Credit Plus Ltd and Massy Stores SuperCentre, Gulf View in La Romaine celebrated their first birthday in style. Read More »

  • CFOs get help

    Local companies learned from Microsoft’s successful experiences with helping chief financial officers (CFOs) become more efficient, allowing them to add value to their relationships with business partners, during sessions held in November and early December. Read More »

  • Top five IT tips for small businesses ‘Going Global’

    FedEx recently hosted a virtual roundtable, “Information Generation” where FedEx executives Raj Subramaniam and Michael Foster, and The Boston Consulting Group’s, Ralf Dreischmeier, discussed the transformative impact of IT on global commerce. Read More »

  • Technologies in tourism sector could offer Caribbean opportunities

    The Association of Caribbean States (ACS) and the International Labour Organisation (ILO) Decent Work Team and Office for the Caribbean, hosted a concluding workshop in Port of Spain on December 8-9 where participants shared findings from their respective countries on “Anticipating Skills Requirements in Tourism: Occupational Trends and Emerging Demands”. Read More »

  • Manpower shortages

    Trinidad and Tobago’s economy is expected to have grown by 0.5 percent in 2014, a figure revised dramatically downwards from the original projection of 2.5 per cent. Read More »

  • Acquisition not a surprise

    The Cable & Wireless acquisition of Columbus Communications came as a shock to many, and has spurred a lot of concern among customers, industry observers and employees of both entities across the region. Read More »

  • How Low Can Oil Go?

    Government must be very concerned about the continuing decline in global oil prices, University of the West Indies economist Gregory McGuire says. Read More »

  • Let the Industrial Court adjudicate

    The Oilfields Workers’ Trade Union (OWTU) and employees at Petrotrin may well see the State-owned oil company’s offer of zero per cent wage increase over 2011-2014 as justification for the workers to take strike action. Read More »

  • New energy policy coming

    Finding the money to finance the basic policies underlining the Caricom Energy Policy (CEP) – of which you have read about only in Energy Insider, since the other business supplements don’t seem to be aware that it exists – was always going to be the main drawback to its successful implementation. Read More »

  • Vetting after vetting after vetting

    Last week I passed by Balisier House, saw a lot of people milling around outside the gates and thought that Manning had succeeded in getting his much wished-for meeting with Keith Rowley, his successor as the PNM’s Political Leader. Manning had conveyed that if he felt better he wanted to contest San Fernando East in the next elections. If he was at Balisier House, as I thought, his presence meant that all health had broken loose and even Rowley was catching it. Read More »

  • ILO Report: Wages increased by less than one per cent in Caribbean

    The International Labour Organisation (ILO) says wages grew by less than one per cent in Latin America and the Caribbean over the past year as it observed that wage growth around the world slowed in 2013. The ILO in its Global Wage Report 2014-15, noted that overall, wages around the world decreased to two per cent compared to 2.2 per cent in 2012, and has yet to catch up to the pre-crisis rates of about three per cent. Read More »

  • Integrity strategy

    The Integrity Commission is continuing its efforts to revise the Integrity in Public Life Act (IPLA) to give greater effect to its anti-corruption work. I fully support those efforts. Read More »

  • ILO Report: Wages increased by less than one per cent in Caribbean

    Regardless of the business operation, we all face the dreaded task of running down clients for unpaid goods or services. For many larger organisations, an external debt collection agency may be employed or a separate unit or individual may be assigned to try to recover bad debts before they are written off. Many smaller businesses with limited resources are sometimes forced into cash restraints due to the inability to recover sales income. Unable to have a fully staffed accounting department to oversee accounts receivables, many small businesses have to seek short term financing to cover the costs of their day-to-day operations. This loss of independence and control is sometimes the unfortunate beginning of the end of operations. Read More »

  • Upskilling public sector professionals essential for development

    Building financial skills, capability and capacity for the public sector is a key aspect of economic development and public accountability, says the Association of Chartered Certified Accountants (ACCA) as it launched last week the Certificate in International Public Sector Accounting Standards (Cert IPSAS). Read More »

  • Scotiabank named Bank of the Year

    Scotiabank has been named the “Bank of the Year in Trinidad and Tobago” by The Banker magazine, a Financial Times publication. This is the second consecutive year the Bank has been recognised by the publication, having also won the title in 2013. Read More »

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