Express Business Filler #1

PETROTRIN yesterday transferred $50 million to commercial banks to fulfill its commitment to pay all former non-permanent workers outstanding backpay for the period 2011 to 2018.

Some 2,069 individuals will benefit from the payout, the company said in a statement.

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A team from PricewaterhouseCoopers (PWC) worked diligently during the past several weeks to ensure the company met its commitment to pay workers by January 15, it stated.


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.

“Ted Jones. Remember that name, because it is going international, not just regional.” So declared Tobago House of Assembly’s Marslyn Melville-Jack last week as she reported that coming out of the recently concluding Tobago road show at Trincity Mall and the Trade and Investment Convention (TIC) at the Centre of Excellence, Macoya, doors have opened for Tobago detergent manufacturer Edward Ted Jones.