Friday, August 18, 2017

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

Charting the Ruins*

Aug. 16, 2017, 2:11 AM AST Comments

“…We have to make that honest assessment...Our society has become despondent, a resignation to decadence, where everyone owes everyone else a favour it seems...” (1981) “...Who will rechart the ruin?...” (1970s) Quotes from Leroy Clarke’s MACO interview February 2

Ethics in the digital age*

Aug. 16, 2017, 2:9 AM AST Comments

Organisations across the world need to put ethics at the heart of securing public trust in the digital age according to a new global study of accountants and business leaders. Ethics and Trust in a Digital Age, released last week by ACCA (the Association of Chartered Certified Accountants) raises qu

Regulatory oversight – burden or benefit?*

Aug. 16, 2017, 2:8 AM AST Comments

The regulatory landscape that businesses need to comply with has increased significantly over the past few years and now includes Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT), FATCA and the recently enacted Tax Information Exchange Agreements Act. In addition, there are several up

Sandals clarification on developments in Antigua and Barbuda*

Aug. 16, 2017, 2:4 AM AST Comments

On August 10, Sandals issued statement in response to the presentation in Antigua’s Parliament on July 27 by Prime Minister Gaston Browne. An excerpt follows: Sandals Resorts International has 22 hotels in eight different territories throughout the Caribbean, and in 35 years of doing business

Young: Sandals deal in six weeks

Aug. 16, 2017, 2:1 AM AST Comments

THE Government expects to wrap up negotiations with Sandals for the development of an all-inclusive resort at Golden Grove in Tobago by the end of September. Stressing that the surest and quickest way of diversifying the economy was through tourism, Minister in the Office of the Prime Minister Stuar