Monday, January 22, 2018

Business

Scant courtesy from RBC*

Jan. 2, 2018, 11:13 PM AST Comments

The new president of the Sangre Grande Chamber of Commerce, Richardo Mohammed, said yesterday that the decision by RBC Royal Bank to close its Sangre Grande branch and merge it with its Arima branch “appears to be rash and irresponsible as it shows no regard for the bank’s Sangre Grande

5-screen cineplex for Gulf City Mall*

Jan. 1, 2018, 6:26 PM AST Comments

By Aleem Khan — A NEW five-screen cinema complex (cineplex) is to be opened across two floors of the already-constructed Gulf City Mall (GCM) in La Romaine...


IDB: T&T needs more 4G competitors*

Jan. 1, 2018, 6:26 PM AST Comments

Trinidad and Tobago has the highest percentage of homes with Internet access in Latin America and the Caribbean (LAC), but is woefully still short of the average of the Organisation for Economic Co-operation and Development (OECD) countries.


Caribbean ‘in the eye of the storm’*

Dec. 31, 2017, 6:47 PM AST Comments

IN 2017, the Caribbean felt the full brunt of climate change with a warning that current trends indicate that there will be no respite. Within a two-week period, Hurricanes Irma and Maria brought home the reality of the impact of climate change as they churned their way across the Lesser Antilles de

US$2.35 a share is fair*

Dec. 29, 2017, 10:48 PM AST Comments

FOUR independent directors of Guardian Holdings (GHL) have accepted a fairness opinion that the offer of US$2.35 a share by the NCB Financial Group (NCB) for a majority stake in the Westmoorings-based financial services company “is fair from a financial point of view to the shareholders”


Hoping for a better 2018*

Dec. 28, 2017, 7:19 PM AST Comments

Kimoy Leon Sing—It might be a new year, but it is the same old news for those paying close attention to the state of the economy.


Property premiums going up*

Dec. 27, 2017, 9:36 PM AST Comments

NAGICO, one of the region’s largest general insurance companies, is warning that insurance premiums in the Caribbean are likely to increase next year, following the damage caused by two Category 5 hurricanes, Irma and Maria, in September.


More staff, but lower expenses*

Dec. 26, 2017, 6:25 PM AST Comments

DESPITE an increase in staff during its last financial year, First Citizens bank lowered its staff expenses by eight per cent compared to the year before. At $659 million, administrative expenses, which include salaries, remained the single largest line item on First Citizens consolidated income sta

Is the PNM subsidising the 1% or protecting the middle class?*

Dec. 26, 2017, 6:21 PM AST Comments

As we approach the end of 2017, it is imperative that the Government start thinking about how it can better communicate the economic situation T&T finds itself in, the ways in which our current situation compares and contrasts to other energy-dependent countries as well as comparisons between T&T in


BDO plugs insourcing of financial services*

Dec. 26, 2017, 6:16 PM AST Comments

IN the midst of economic recession, a leading accounting firm in the region has suggested that the insourcing of financial services could become a valuable diversification tool for Trinidad and Tobago. Audit and chartered accounting firm BDO (Trinidad and Tobago) disclosed last week that affiliates


Peardrax, Cydrax now T&T owned*

Dec. 26, 2017, 6:10 PM AST Comments

Peardrax and Cydrax beverages are a staple in many Trinidad and Tobago households at Christmas time. The pear and apple ciders can be found on almost every supermarket shelf here and have become a defining part of T&T’s culture. What many people may not know is that although Peardrax and Cydr


T&T exports rise by 13%*

Dec. 26, 2017, 6:7 PM AST Comments

Though far from a correction to the previous year’s level, Trinidad and Tobago (T&T) exports saw a modest retracement in 2017, Inter-American Development Bank (IDB) economists said last week. Exports had fallen to such a deep and record low in 2016, the 13 per cent increase would mean Trinidad


...Imports increased too, but at slower pace*

Dec. 26, 2017, 6:5 PM AST Comments

The country’s single largest import is crude oil, according to CBTT Economic Bulletins (EBs) July 2015 through September 2017. Overall imports have fluctuated, however, imports of crude oil have been consistently increasing every year, compounding the case for fuel subsidy elimination.