Monday, February 27, 2017

Business

Read my lips*

Feb. 22, 2017, 1:12 AM AST Comments

IF he was Hindu his name would be Dilip or Dalip.” “And if he was English, he would have a name like the Queen’s husband, Phillip, the Duke of Talk.” This is what happens often in Trinidad, not just in the rum shops and taxis but also on the street corners and increasingly

Good for J’ca, bad for Petrotrin*

Feb. 22, 2017, 1:5 AM AST Comments

LAST week we dealt extensively with our fellow Caricom member, Guyana, which is gearing up to be the next oil and gas producer in Caricom, following in the footsteps of Trinidad and Tobago, Suriname and Barbados. A few years ago, Jamaica was really expected to fill that position but its own offshore


Looking to toursim*

Feb. 22, 2017, 1:3 AM AST Comments

THE Barbados-based Caribbean Development Bank (CDB) is projecting an average 1.7 per cent growth in its borrowing member countries (BMC) this year, following last year’s performance of a minus 0.9 per cent. The 2016 figure is in direct contrast to the 0.4 per cent growth experienced in 2015. A


T&T becomes CwC's worst performing market

Feb. 21, 2017, 8:54 PM AST Comments

Cable and Wireless Communications (CwC), owner of Trinidad and Tobago's largest cable television provider, Flow, has lost 12,000 video subscribers in the nine months ended December 31, 2016 versus the same period a year earlier (YTD). CwC, which is also the owner of a 49 per cent stake in Telecommun

Young Cubans make pedal-powered Model T for transport, fun

Feb. 21, 2017, 3:23 PM AST Comments

HAVANA (AP) — In a country where few can afford a car, some Cuban high school students have built a replica of a Model T Ford propelled with pedals instead of a gasoline engine. They've painstakingly acquired and installed thousands of nuts, bolts and used car parts to complete the creation.


17 groups get $5m *

Feb. 20, 2017, 7:45 PM AST Comments

The European Union to Trinidad and Tobago has awarded TT$5 million (672,000 Euros) to 17 organisations for projects that focus on governance, gender based violence and LGBTI (Lesbian, gay, bi-sexual, transgender and inter-sex) issues.


Lotto rolls to $12m

Feb. 20, 2017, 7:44 PM AST Comments

Lotto Plus is on a roll and tomorrow’s Jackpot now stands at an estimated $12 million!


NEL impacted by lower energy prices

Feb. 19, 2017, 9:15 PM AST Comments

This week, we at Bourse review the performance of two companies within the Non-Banking Finance sector (though with very different business models), National Enterprises Limited (NEL) and JMMB Group Limited (JMMBGL). While lower energy commodity prices have weighed on NEL’s earnings, JMMBGL con

Foreign exchange woes*

Feb. 17, 2017, 9:51 PM AST Comments

PRICESMART, the largest warehouse shopping chain in Trinidad and Tobago, has issued an advisory to members that its imports have been limited due to a shortage of foreign currency. In a notice to members, PriceSmart stated that the company was unable to offer its full selection of imported products.


Mexican company paying US$86.36m for TCL shares

Feb. 17, 2017, 9:49 PM AST Comments

MEXICAN cement manufacturer Cemex is paying US$86.36 million for Trinidad Cement Ltd (TCL) and its three cement plants in Barbados, Jamaica and Trinidad and Tobago, the company has said. In a February 10 statement from Kingston, Jamaica, Cemex subsidiary Sierra Trading — after closing its off


Rock Hard Cement Ltd threatens lawsuit

Feb. 17, 2017, 8:6 AM AST Comments

By Rickie Ramdass - LEGAL action may be initiated against Mikey Joseph, President of the Trinidad and Tobago Contractors Association should he fail to retract statements made by him regarding the quality of cement sold to consumers by local distributor Rock Hard Cement Ltd during a press conference