Express Business Filler #1

This week, we at Bourse seek to provide some insight into US dollar investment opportunities available through Bourse and within the local financial landscape. “How can I invest my US dollars?” is a question on the mind of many investors lately, particularly those who have been or will be involved in market transactions—such as NCB Financial Group’s recently concluded offer to Guardian Holdings Ltd shareholders—where US dollars will be received.

In an environment where US dollar availability is somewhat constrained, investors with access to US dollars should ensure that precious financial resource is gainfully employed. Fortunately, there are investment solutions that cater to the risk and return preferences of almost every investor.

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This week, we review the financial performance of FirstCaribbean International Bank Ltd (FCI) and Scotiabank Trinidad and Tobago Ltd (SBTT), for the first half of their respective financial years ended April 30. While both banks remained profitable, overall net profits were driven in opposite directions due to certain tax-related events.

The University of the West Indies and Lake Asphalt have signed a licence agreement that will see Lake Asphalt commercialising two “superior” asphalt-based products developed by the university.

WHEN someone has attained the status of a judge, minister or Member of Parliament and they retire with a pension of a couple thousand dollars, people laugh at them.

ECONOMIST Dr Terrence Farrell believes the role of State-owned National Gas Company (NGC) needs to be re-examined and that the price the NGC pays to upstreamers for natural gas should be disclosed.

Business process outsourcing company, Iqor, said Wednesday  it has not sold its Trinidad and…