Thursday, February 22, 2018

Govt strengthening $$ laundering laws*

Feb. 21, 2018, 9:47 PM AST Comments

THE dramatic jump—amounting to over $18 billion in value—of suspicious financial transactions within the last year points to the need for strong “follow the money” legislation.

What are Mr Lee-Chin’s options?*

Feb. 20, 2018, 11:22 PM AST Comments

WITH NCB Financial Group’s (NCBFG) twice-extended deadline—for its offer to acquire 74,230,750 Guardian Holdings (GHL) shares—due to expire in three days, thousands of GHL shareholders throughout the length and breadth of T&T are seeking answers to two questions: • What acti

Is CAL becoming DigiCAL?*

Feb. 20, 2018, 11:17 PM AST Comments

Caribbean Airlines (CAL) is getting a slate of new executives, but the fact that some of the vacancies are being filled by former employees of the Irish-owned telecommunications company, Digicel, has raised concerns about nepotism in CAL’s hiring practices. Sources within the company say that

Commercial property agents: ‘Everybody is hunkering down’*

Feb. 20, 2018, 11:13 PM AST Comments

LIKE many other industries in T&T, the real estate sector thrives in good economic times. Busin­esses expand as their customer base increases, boosting the demand for commercial and industrial spaces. The opposite occurs when the economy nosedives. Some businesses reduce staff resulting in them sca

BPTT planning new gas compression unit*

Feb. 20, 2018, 11:5 PM AST Comments

Without anything even remotely close to an offer of a 100 per cent tax write off in one year, as was the case in 2014, the world’s eighth largest oil and gas company by revenue, has pledged to invest more in Trinidad and Tobago. London-based BP plc Group upstream CEO Bernard Looney, in a conf


Feb. 20, 2018, 10:58 PM AST Comments

The Godfather of my first daughter Marsha was anxiously awaiting the christening and was extremely proud of the grand name he was going to bestow on her poor little head together with the Holy Water. Fortunately, in Godfather terms, he was from Goa in India and not from Sicily so his was an offer t

Companies ordered to disclose financial records*

Feb. 20, 2018, 9:59 PM AST Comments

A HIGH Court judge yesterday ordered two companies to disclose their financial records as the East Port of Spain Development Corporation (EPoS) moved to recover possibly millions of dollars that may have been illegally transferred from its accounts to those of the companies. The order was made by Ju

MASSY, TCL earnings decline*

Feb. 18, 2018, 7:31 PM AST Comments

This week, we at Bourse review the most recent financial results of Trinidad Cement Ltd (TCL) and MASSY Holdings Ltd (MASSY). Despite higher revenues, MASSY posted a decline in corporate earnings. TCL recorded declines in both revenues and earnings. We look at their performance and provide a brief o

Port saved money on CAL flights*

Feb. 16, 2018, 10:32 PM AST Comments

To date, it has cost the Port Authority $500,000 to accommodate ferry passengers on Caribbean Airlines. So disclosed Works Minister Rohan Sinanan in response to an urgent question in the House of Representatives yesterday. But in responding to the reactions of the Opposition members over the cost,

High-end restaurants score for Valentine’s*

Feb. 14, 2018, 10:23 PM AST Comments

Restaurants were fully booked and flower shops were bustling with activity as many celebrated Valentine’s Day yesterday. The director of operations at Texas de Brazil, Lloyd, told the Express that both that restaurant and Rizzoni’s Ristorante Italiano in MovieTowne, Port of Spain, and C3

Does bylaw 8 legalise NCB’s offer?*

Feb. 14, 2018, 12:41 AM AST Comments

The Carnival period may have distracted some of the thousands of minority shareholders of Guardian Holdings (GHL) from the ongoing drama of the twice-delayed offer by Jamaica’s NCB group to take control of GHL, T&T’s largest insurance company. Given the revelry, there are several aspects