Express Business Filler #1

THE Caribbean Development Bank (CDB) says in a new report that Trinidad and Tobago’s unemployment rate stands at 5.0 per cent.

The CDB, citing “National Statistics Offices” yesterday, said in its Annual Report 2018 that T&T was shown to have the third-lowest unemployment rate out of 12 CDB member countries.

The CDB includes British overseas territories Turks and Caicos Islands (TCI), the Cayman Islands, and the British Virgin Islands (BVI).

Only the Cayman Islands and the BVI had lower unemployment rates, 3.4 and 2.8, respectively. Trailing T&T was TCI with 6.0 per cent.

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The last official unemployment figure from the Central Statistical Office and the Central Bank was 4.8 per cent at the end of 2017, up from 3.9 per cent in 2016.


THIS week, we at Bourse highlight the importance of investing in securing your financial future. We consider three investor profiles – the conservative, moderate and aggressive investor - and offer some guidance for persons seeking to position their portfolios for the remainder of 2019.

LAST WEEK, on July 9, 2019, S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on the Republic of Trinidad and Tobago to ‘BBB’ from ‘BBB+’.

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.

Maintenance technicians had to move swiftly to drain super gasoline from several diesel-run vehicles on Wednesday afternoon, due to a fuel mix-up at NP’s service station just before the Starlite Shopping Plaza in Diego Martin.