Friday, January 19, 2018

Business


Crisis causes grim Christmas for Venezuela*

Dec. 24, 2017, 9:42 PM AST Comments

Marilyn Pitre recalls taking her family on evening strolls at Christmas time through Altamira Plaza in Venezuela’s capital, soaking up the dazzling lights and giant tree made of light bulbs in a display that once drew comparisons to New York City’s Rockefeller Center.


T&T to get J’ca bananas*

Dec. 22, 2017, 10:33 PM AST Comments

THE Jamaica government says the shipment of bananas to Trinidad and Tobago on Christmas Day is in keeping with the thrust to enter new markets, beginning with those in the 15-member Caribbean Community (Caricom) grouping. “We have to start by working within our community, and Caricom is an ext


Sagicor slams IMF report*

Dec. 20, 2017, 9:32 PM AST Comments

REGIONAL insurance giant Sagicor Financial Corporation (SFC) yesterday rejected as “grossly inaccurate and indeed recklessly careless” comments attributed to a draft International Monetary Fund (IMF) report, which suggested the insurance company was being inadequately regulated and made


Is St Clair Medical unpatriotic?*

Dec. 19, 2017, 11:55 PM AST Comments

Last week Tuesday’s announcement by Medcorp—the privately owned company that operates St Clair Medical Centre—that it would stop providing subsidised dialysis services to patients referred to the hospital by the State has caused quite a controversy and paints a true picture of Gove


TTMA views 2018 with optimism*

Dec. 19, 2017, 11:52 PM AST Comments

President of the Trinidad and Tobago Manufacturers Association, Christopher Alcazar, says he is optimistic about what the year ahead has to offer. As a nation and for businesses, he said the main focus must be to maintain competitiveness. “Outside of this, our industry will wither and fade aw

Microsoft: Digital tax collection way to go*

Dec. 19, 2017, 11:50 PM AST Comments

Technology giant, Microsoft, believes countries like Trinidad and Tobago that are facing economic challenges can use its cloud computing technology to boost revenue, reduce expenditure and create more efficient government services. In an interview with Express Business, Charles Arizmendi, Azure Bus


T&T’s LNG faces new market threats*

Dec. 19, 2017, 11:43 PM AST Comments

AS Trinidad and Tobago’s natural gas shortage approaches its seventh year in 2018, three of Atlantic’s major LNG customers are being actively wooed by other LNG producers. Brazil, Argentina, and Spain are all weighing options that could diminish or eliminate their need for LNG from Atla


When cash is king in an economy*

Dec. 19, 2017, 11:23 PM AST Comments

The economy of T&T depends on two related inputs for its survival. The first is that there is foreign exchange income coming into the country via exports to pay for imports that we need and cannot produce locally. The other is that government spending is maintained at a certain level that drives the


Ferry gets 2-month extension*

Dec. 19, 2017, 9:18 PM AST Comments

THE T&T Express passenger ferry, which was scheduled for dry-docking maintenance this month, has received a two-month extension to operate the inter-island route. The Port Authority of Trinidad and Tobago (PATT) and the Trinidad and Tobago Inter-island Transportation Company Ltd (TTIT) announced yes