Tuesday, October 17, 2017

Nine-month market review*

Oct. 15, 2017, 10:50 PM AST Comments

This week we at Bourse review the performance of the local equity market for the nine months ended September 2017. We take a closer look at 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),

MP claims $40,000 spent on whisky gifts*

Oct. 14, 2017, 12:23 AM AST Comments

There is sqaundermania at the National Lotteries Control Board (NLCB) where officials are living lavishly and being gifted $40,000 in Johnnie Walker Black. Opposition MP Dr Roodal Moonilal, during the budget debate in Parliament in Port of Spain on Thursday, provided details of the spending spree at

Shamfa: 24 cruise ships expected this season*

Oct. 14, 2017, 12:21 AM AST Comments

Some 24 cruise ships will be sailing to Trinidad and Tobago this cruise season as hurricanes have battered other Caribbean islands causing cruise ships to divert their routes. Tourism Minister Shamfa Cudjoe said among them the Princess Cruise line will be bringing some 3,400 passengers and a crew of

CAL resumes St Maarten flights*

Oct. 14, 2017, 12:19 AM AST Comments

Caribbean Airlines on Wednesday resumed scheduled service to St Maarten, following the re-opening of the Princess Juliana International Airport on Tuesday. The famous airport was closed after it suffered severe damage during the passage of Hurricane Irma last month.

CariCRIS reaffirms NGC ratings*

Oct. 12, 2017, 1:5 AM AST Comments

Caribbean Information and Credit Rating Services Limited (CariCRIS) has reaffirmed the ratings it assigned to the US$400 million debt issue of state-owned National Gas Company (NGC) of CariAA+ (Foreign and Local Currency) on the regional rating scale, and ttAA+ on the Trinidad and Tobago (T&T) natio

Bmobile, Uber join forces*

Oct. 12, 2017, 1:4 AM AST Comments

Local telecommunications provider bMobile has joined forces with the taxi service company Uber to offer free wifi during rides. In a statement, the companies said since October 2, Uber passengers have been able to stay connected on rides around town with their personal hotspot powered by bMobileR

Digicel rebrands Play*

Oct. 12, 2017, 1:2 AM AST Comments

Digicel says its home entertainment service, formerly known as Digicel Play, has been rebranded to Digicel. The change is part of Digicel’s 2030 commitment which includes putting customers in control and delivering a superior experience across all areas of its business, the company said in a

Budget hike in retail margins for gas stations*

Oct. 11, 2017, 12:15 AM AST Comments

GAS stations across T&T received a 5-cent adjustment in the retail margin on the sale of premium, super and regular gasoline as well as diesel in the 2018 budget, although the increase in the retail margin was not mentioned by Minister of Finance Colm Imbert in his budget presentation.

Is Govt planning a wage freeze?*

Oct. 11, 2017, 12:13 AM AST Comments

IN November 2016, Finance Minister Colm Imbert told an International Monetary Fund forum at the Hyatt that from 2017 to 2020, the Government's wage offer to public servants would be zero, zero and zero.

Economists at odds over devaluation*

Oct. 11, 2017, 12:11 AM AST Comments

AT post-budget forums last week, economists waged intellectual battle over what is turning out to be one of the most hotly-contested, public policy ideas of today: whether the management of the TT/US dollar exchange rate is appropriate for a country with a chronic foreign exchange shortage,

‘High percentage of Caribbean property underinsured’*

Oct. 11, 2017, 12:9 AM AST Comments

The Association of Trinidad and Tobago insurance Companies (ATTIC) says while “insured” losses within the Caribbean for the 2017 hurricane season are in excess of US$50 billion so far, initial regional feedback suggest a high percentage of policyholders’ property and valuable asset

Free movement under the CSME – a dream still to be realised *

Oct. 11, 2017, 12:7 AM AST Comments

For more than 50 years there have been efforts to unite the Caribbean on several fronts. In the early 60s the Federation failed. 20-odd years later another attempt at unification was discussed and strategised, but attempts at fulsome execution have not really materialised.