Express Business Filler #1

The trade union representing aviation workers is complaining about the lack of recognition of the Aviation, Communication and Allied Workers Union (ACAWU) and the non-payment of outstanding monies owed to employees of Caribbean Airlines Ltd (CAL) amounting to about $37,590 for the period January 1, 2007 to December 31, 2018.

ACAWU secretary general Peter Farmer raised several issues during a press conference yesterday to highlight industrial relation violations committed by CAL management, poor working conditions facing flight attendants and the failure of management to recognise and deal fairly with the body representing workers.

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This week we at Bourse take a closer look at recent credit rating actions taken by international rating agencies, including the downgrade by international credit rating agency Standard and Poor’s (S&P). 

The World Bank Group says it has mobilised more than US$14.4 billion in lending and guarantees to support sustainable development and poverty reduction in Latin American and the Caribbean during the 2019 fiscal year that ended last month.

PRIME MINISTER Dr Keith Rowley visited Trinidad Offshore Fabricators Company Unlimited (TOFCO) for a tour of the company’s facilities at Brighton, La Brea yesterday.

MULTINATIONAL energy giant BHP Billiton said yesterday it has completed phase three of its deepwater drilling campaign offshore Trinidad, with hydrocarbons being encountered in three new exploration wells in the second quarter of 2019.