Thursday, July 24, 2014

Top Business Story

Witco records $296m profit in six months

Profits at the West Indian Tobacco Company (Witco) are smoking. The Champs Fleurs-based cigarette producer yesterday announced a profit before tax for its six-month period ended June 30 of $296.1 million. Read more »

  • Lok Jack: China can bring economic benefits

    Businessman Arthur Lok Jack believes it may be prudent for Trinidad and Tobago to consider how its relationship with superpower China can bring this country economic benefits. Read More »

  • No support for second airline

    A SEPARATE airline operating on the airbridge between Trinidad and Tobago will be more detrimental than beneficial to the country’s economy and should not be considered. Read More »

  • Petrotrin must pay

    Members of the Otaheite Fisherfolk Association are calling on State-owned Petrotrin to resume loss of earnings payments to fishermen affected by last December’s oil spill in the Gulf of Paria. Read More »

  • International equity markets trend higher

    This week we at Bourse review the performance of international equity markets for the first half of 2014 and consider the potential opportunities available to investors. Investors may recall that around this time last year equity markets, particularly emerging markets experienced a turbulent first half. Read More »

  • OCM posts $53m profit before tax

    One Caribbean Media Ltd (OCM) has posted a $53 million profit before tax (US$8.22 million) for the six-month period ended June 30. Read More »

  • No pressure on Harry to diversify HCU

    There was no evidence that former Hindu Credit Union president Harry Harnarine was pressured by “rich Indians” to diversify the credit union into a financial empire comprising a slew of businesses as he said he was, the Sir Anthony Colman Commission of Enquiry report into the HCU has found. Read More »

  • Central Bank pumps more US$ into system

    The Central Bank will sell US$75 million to the banking system today as part of what it calls its foreign exchange intervention programme. Read More »

  • Microsoft to cut 18,000 jobs

    Microsoft announced the biggest layoffs in its history yesterday, saying it will cut 18,000 jobs or 14 per cent of its workforce as it streamlines its Nokia mobile device business to focus on using the Windows Phone operating system. Read More »

  • West: FIU can probe LifeSport

    With the relevant legislation already in place in the country and more on the way, it is within the remit of the Financial Intelligence Unit (FIU) to investigate agencies such as the controversial LifeSport Programme on its own without any instructions to do so. Read More »

  • Chamber president calls for improved police service

    Couva/Point Lisas Chamber of Commerce president Lily Herai has made another plea for improved policing in the district, following the shooting death of businesswoman Nisha Espinoza at the Point Lisas Industrial Estate last Friday. Read More »

  • Talks on Chaguanas city status

    THE Chaguanas Borough Corporation will on Thursday host its first public consultation in its bid to become the country’s third city. Read More »

  • Stock picks for the 2nd half of 2014

    Today we at Bourse put forward our local stock picks for the second half of 2014. As highlighted in our article last week, the Trinidad and Tobago Composite Index (TTCI) contracted 1.6 per cent as at the end of June 2014, emphasising the importance of stock selection within a market which, on average, is at the high end of its 5-year valuation. Read More »

  • Petrotrin workers want audit

    PETROTRIN workers want the State to conduct a forensic audit into the operations of the South West Soldado Development Project, where a floating facility is expected to be built. Read More »

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