Sunday, November 19, 2017

Business

NIS fund ‘in trouble’*

Nov. 17, 2017, 9:53 PM AST Comments

Officials of the National Insurance Board (NIB) are advocating the implementation of recommendations listed in the Ninth Actuarial Review of the National Insurance System. The review, published in 2015, painted a bleak picture of this country’s national insurance system, noting that funds are

IMF praises Jamaica PM*

Nov. 17, 2017, 9:51 PM AST Comments

International Monetary Fund (IMF) managing director Christine Lagarde has lavished praise on the Andrew Holness administration in Jamaica for the communication, inclusiveness and ownership of the economic reforms the country has introduced since it entered into an Extended Fund Facility (EFF) with t


Unicomer Trinidad Limited and CARIRI Partner to Build Better Businesses

Nov. 17, 2017, 9:26 AM AST Comments

On November 10, 2017 Unicomer Trinidad Limited (UTL) and the Caribbean Industrial Research Institute (CARIRI) formalized a partnership arrangement which paves the way for a number of entrepreneurs selected from amongst Unicomer Trinidad Limited customer base to access CARIRI's signature Business Hat


Bleak Christmas likely *

Nov. 16, 2017, 7:1 PM AST Comments

Sandhya Santoo—Christmas sales are slower compared to previous years and things look grim, says President of the San Fernando Business Association Daphne Bartlett.


Most clients bad-pay*

Nov. 15, 2017, 9:33 PM AST Comments

STATE enterprise the National Entrepreneurship Development Company Ltd (Nedco) disclosed yesterday that people who came for loans in the “early days” misinterpreted those loans as grant financing and saw no need to repay.


Is the Central Bank breaching law on CIB?*

Nov. 14, 2017, 11:56 PM AST Comments

On October 25, in this space under the headline “Is CIB key to CLF resolution?” reference was made to a June 2012 letter that former CEO of CLICO, Carolyn John, wrote to the former head of the Deposit Insurance Company, which is the liquidator of CLICO Investment Bank (CIB).


Revitalise venture capital and let SMEs pay 10% tax*

Nov. 14, 2017, 11:49 PM AST Comments

Government needs to revitalise venture capital, and give small and medium enterprises (SMEs) the once-promised reduced tax rate of 10 per cent (as opposed to the 30 per cent now), accountants and economists concurred at the Institute of Chartered Accountants of T&T (ICATT) annual conference at the H

Five years of ‘tremendous growth’*

Nov. 14, 2017, 11:40 PM AST Comments

LOCALLY listed, financial services firm, JMMB has seen its total operating triple in the last five years as a result of a several acquisitions and startups in that period, says the group’s CEO Keith Duncan. “Our operating revenue has tripled from J$5 billion in 2012 to almost J$15 billio


Startup Weekend looks to transform public sector*

Nov. 14, 2017, 11:36 PM AST Comments

National Solutions driven by Citizen Ideas. This is the theme of this year’s Startup Weekend Trinidad and Tobago (SWTT), an entrepreneurial initiative that brings together people with ideas and gives them the opportunity to turn those ideas into an actual business.


T&T willing to buy Grenada’s natural gas*

Nov. 14, 2017, 11:33 PM AST Comments

Energy Minister Franklin Khan has confirmed that T&T is willing to purchase natural gas discovered by a Russian company in Grenada waters. Speaking to Express Business after addressing a recent European Union-funded forum at The University of the West Indies (The UWI) St Augustine campus, Khan said:


ANSA’s profits down 21%*

Nov. 14, 2017, 10:13 PM AST Comments

ANSA McAL, one of T&T’s largest non-energy companies, yesterday reported a 21 per cent decline in its profit after tax for the nine months ending September 30, 2017, compared with the same period in 2016. The conglomerate recorded profit after tax of $416.8 million in the nine-month period in


Sagicor’s income declines 13%*

Nov. 14, 2017, 10:11 PM AST Comments

The Sagicor Group’s net income for the nine months ended September 30, fell 13 per cent to US$78.1 million, compared to the prior year result of US$89.9 million. The Caribbean insurer, which is listed on the Barbados, T&T and London stock exchanges, said in a release yesterday: “The res