Wednesday, January 24, 2018

Business

Riley slams ‘secrecy’ over Procurement appointments*

Jan. 16, 2018, 11:0 PM AST Comments

Chairman of the Association of Professional Engineers of Trinidad and Tobago (APETT), Winston Riley, says he is not satisfied with the manner in which the long-awaited Procurement Board has been selected and appointed. Riley expressed these sentiments in a statement presented during a breakfast meet


Citibank looking for new T&T boss*

Jan. 15, 2018, 6:26 PM AST Comments

Aleem Khan—Citigroup Inc. (Citi) is looking for a new boss for its operations in Trinidad and Tobago, The Bahamas and Barbados. On its website Saturday morning, Citi advertised the career opportunity for a Trinidad Hub Citi Country Officer (CCO).


Changes in sailing schedule*

Jan. 15, 2018, 6:25 PM AST Comments

The Port Authority and the Inter-island Transportation Company Limited are advising the travelling public of changes in the sailing schedule due to traffic restrictions associated with state funeral of former president George Maxwell Richards.

2018 international market outlook*

Jan. 14, 2018, 9:35 PM AST Comments

This week we at Bourse take a closer look at the performance of international markets in 2017. During the year, several equity and fixed income markets across the globe hit record highs, on the heels of improving global growth and investor sentiment.


Crime taking toll on economy*

Jan. 12, 2018, 9:25 PM AST Comments

Since 2005, one per cent of the labour force has been murdered in this country, says economist Dr Roger Hosein. He said this country must demand action from our leadership with respect to cleaning up the country’s problems when it comes to crime and the economy. “WE need to change the ec



EFCL to pay $.7m after losing lawsuit*

Jan. 10, 2018, 9:39 PM AST Comments

THE Education Facilities Company Ltd (EFCL) has been ordered by a High Court judge to pay another company, Advance Commercial Equipment Ltd, close to $.7 million after it failed to keep its side of an agreement for the supply of cafeteria equipment for three secondary schools.

Does NIF stand for Now Is Failure?*

Jan. 9, 2018, 11:50 PM AST Comments

Anyone who has followed my commentaries over the years would know that I am a huge proponent of the “widest possible public participation” of T&T citizens in the ownership of local shares. But I am also a proponent of individuals using share ownership to build their wealth over time, as


First Citizens: T&T rebounded in 2017*

Jan. 9, 2018, 10:57 PM AST Comments

The fall in real gross domestic product (GDP) growth in 2017 was not as bad as that of 2016, and more than half of the country’s output, or GDP, is owed in debt. These were the only two points on which economists and analysts agreed last week in interviews and emails from January 2 to 5.


Tough decisions needed to turn WASA around*

Jan. 9, 2018, 10:55 PM AST Comments

The Inter-American Development Bank’s (IDB) outgoing country representative, Tomas Bermudez, holds the firm view that the people of Trinidad and Tobago deserve a 24/7 water supply. It’s not a difficult task, he says, but the authorities must be willing to make the political and financial


SHADOW OF THE BASSMAN*

Jan. 9, 2018, 10:52 PM AST Comments

When I was about eight years old, we got electricity in Carapichaima and my family bought a radio. They listened to Indian programmes and the local news on Radio Trinidad but not the BBC news because that was “noise.” “Switch off that noise, mih head hurting me,” everybody s


Venezuela’s oil sector not beyond redemption*

Jan. 9, 2018, 10:50 PM AST Comments

Is the Venezuelan oil industry “falling apart”? Strong language but a view that some analysts think is correct, including commentator Luis Oliveros. If true, this could be of intense interest to us here in Trinidad and Tobago, since there are strong links between the industries in both c