Sunday, February 18, 2018

Business

GHL directors consult lawyers*

Jan. 8, 2018, 7:16 PM AST Comments

The committee of four independent Guardian Holdings directors, which is overseeing the board's response to the takeover bid from Jamaica's NCB Financial Group...

Plotting a course in an uncertain 2018*

Jan. 7, 2018, 8:45 PM AST Comments

This week, we at Bourse review the performance of the local equity market for 2017 and provide an outlook for the market in 2018. We examine the three stock indices, namely the Trinidad and Tobago Composite Index (TTCI), the All T&T Index (All T&T) and the Cross Listed Index (CLX), as well as highli


More takeover details needed*

Jan. 5, 2018, 10:55 PM AST Comments

Minority shareholders of Guardian Holdings Ltd (GHL) are calling on GHL and NCB Global Holdings Ltd to disclose a 2015 ‘lock-up’ agreement signed between the then respective majority owners—the Lok Jack and Ahamad families (GHL), and Jamaican billionaire Michael Lee Chin (NCB)̵


CAL cancels flights*

Jan. 4, 2018, 7:57 PM AST Comments

Caribbean Airlines (CAL) was forced to cancel two flights today and six flights yesterday due to the winter storm which pummelled New York and surrounding areas.


Range finds new oil*

Jan. 3, 2018, 9:45 PM AST Comments

New oil comes into production. Australian-incorporated, Chinese-run, London Stock Exchange (LSE)-listed, Trinidad-focused Range Resources Ltd (Range) announced on Tuesday that it had put into production a new well at Beach Marcelle, near Guayaguayare, inshore from the prolific Galeota area.


CAL covers airbridge demands for Christmas

Jan. 3, 2018, 1:26 PM AST Comments

Passengers travelling on the airbridge between Trinidad and Tobago during the Christmas season had no difficulty in securing seats aboard Caribbean Airlines (CAL). According to a press release issued by CAL on Wednesday, the airline provided 38,236 seats on the domestic airbridge for the period Dece


Does your mutual fund work for, or against, you?*

Jan. 3, 2018, 12:32 AM AST Comments

After about a decade preferring direct investments in stocks to local mutual funds, I joined tens of thousands of T&T citizens in making investments in three mutual funds last year—mainly because of the monthly deduction to acquire units by standing order, the diversity of assets under managem

Another tough year for T&T*

Jan. 3, 2018, 12:24 AM AST Comments

Business groups and economic expects are projecting that 2018 will be another tough year for the economy. They believe the problems which plagued 2017, including the foreign exchange shortfall, will continue into this year, if diversification projects and other measures are not fast tracked. They s


...New Year’s wish: More Govt help for small businesses*

Jan. 3, 2018, 12:18 AM AST Comments

Several business people shared their economic, social and personal wishes for 2018 with Express Business last week. Executive chairman Amalgamated Security Services Michael Aboud “I would like to see the country be able to get out of its financial crisis, and, to see the reduction of crime, an


KEEPING COUNT*

Jan. 3, 2018, 12:17 AM AST Comments

It is said you know you’re getting old when kidnappers are no longer interested in you and, if the bank is held up and it is not even a Dog Day Afternoon, you are likely to be the first person the robbers release. Worse, your knees buckle and your belt won’t, your back goes out more than


Lowering energy costs crucial*

Jan. 3, 2018, 12:12 AM AST Comments

According to the experts, reducing energy costs is essential for achieving economic growth. They are thinking beyond the recent market-led drop in energy prices to around US$58.36 a barrel (oil) and US$2.60 per 1,000 cubic feet (gas). However, costs should go down further to have a real effect on gr


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