Saturday, August 19, 2017

TDC ceases operations

Aug. 19, 2017, 1:20 AM AST Comments

THE Tourism Development Company (TDC) has ceased operations. The announcement came from the Ministry of Tourism in a news release on Thursday. The ministry said, effective Monday, it will manage on an interim basis the four portfolios previously under the remit of the TDC. They are the Tourism Inve

TTMA wants export incentives*

Aug. 19, 2017, 1:19 AM AST Comments

THE Trinidad and Tobago Manu­facturers’ Association (TTMA) wants the Government to provide export incentives to manufacturers to encourage the creation of additional foreign exchange revenue streams for the economy. In its 2017/2018 budget recommendations to the Government, the TTMA stressed t

Apple CEO makes $2 million pledge to fight hate

Aug. 18, 2017, 10:57 AM AST Comments

SAN FRANCISCO (AP) — Apple is donating $2 million to two human rights groups as part of CEO Tim Cook's pledge to help lead the fight against the hate that fueled the violence in Virginia during a white-nationalist rally last weekend. Cook made the commitment late Wednesday in an internal memo

Govt commits to Sandals disclosure

Aug. 17, 2017, 8:55 PM AST Comments

THE Government is committed to disclosing the terms of its agreement with Sandals for the establishment of an all-inclusive resort at the Golden Grove estate in Tobago.

Plan to consolidate social programmes *

Aug. 17, 2017, 8:54 PM AST Comments

Cabinet yesterday approved in principle a National Social Mitigation Plan aimed at helping people in need to cope with the economic downturn T&T is currently experiencing.

Ministry supports cocoa processing for exports*

Aug. 16, 2017, 10:15 PM AST Comments

Minister of Trade and Industry Paula Gopee-Scoon (MTI) has pledged support for the development of the cocoa-processing industry in T&T as part of her ministry’s efforts to boost exports and increase access to markets in agro processing. Gopee-Scoon gave the commitment on Tuesday at a meeting s

TATT imposes no job cuts on TSTT acquisition

Aug. 16, 2017, 10:11 PM AST Comments

THE regulator of the local telecommunications industry, the Telecommunications Authority of T&T (TATT), announced yesterday that both Massy Communications and TSTT would be unable to reduce staff for one year as a direct consequence of the sale of the Massy Holdings subsidiary to the majority State-

Is Sandals a good corporate citizen?*

Aug. 16, 2017, 2:36 AM AST Comments

Last week, in this space, the opinion was expressed that the actions of Minister of Finance, Colm Imbert, in moving to have CL Financial wound up and its assets liquidated could jeopardise Prime Minister Keith Rowley’s dream of having a Sandals hotel complex constructed on the Golden Grove Est

Govt facing large fiscal deficit*

Aug. 16, 2017, 2:32 AM AST Comments

As he changes his focus from the CL Financial debacle to the preparation of the 2018 budget, Finance Minister Colm Imbert could be facing a $10 billion shortfall in government revenues for the 2017 fiscal year that may force him to increase gasoline prices again while adding to T&T’s burgeonin

Purchase will boost ANSA’s market share and profits*

Aug. 16, 2017, 2:21 AM AST Comments

ANSA McAL chairman Norman Sabga says acquiring Berger Paints cost “a few million dollars” and that it was probably the most complicated deal his group has ever done. But Sabga said he expects that ANSA McAL’s purchase of Berger, for a so far undisclosed amount, will start to genera

Locating new sources of oil in T&T*

Aug. 16, 2017, 2:19 AM AST Comments

Trinidad and Tobago produces crude oil from shallow fields on land, from offshore the south-east coast, the north-west coast and from the Gulf of Paria that separates us from Venezuela to the west. None of those sources tap into the deep horizon, which will probably happen in due course. There is al


Aug. 16, 2017, 2:16 AM AST Comments

A knight was leaving for a crusade and told his squire, “Here is the key to my wife’s chastity belt. If, in 10 years I haven’t returned, you may use the key as I’m sure she will have needs”. The knight set out on the dusty road, armoured from head to toe. He took one la