Express Business Filler #1

GERRY Brooks’ reasons for leaving the National Gas Company are well articulated in his resignation letter. And one of his greatest accomplishments at NGC was to rectify the negligence bequeathed to the organisation by the former People’s Partnership government.

So said Energy Minister Franklin Khan as he responded to a question from Oropouche MP Dr Roodal Moonilal in the House of Representatives yesterday on why Brooks resigned from the NGC as chairman at a time of heightened top-level international negotiations on energy pricing and contractual and commercial arrangements.

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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…