Thursday, July 27, 2017

Business

Why you still can't ditch your cable box

Jul. 27, 2017, 2:40 PM AST Comments

NEW YORK (AP) — Not that long ago, the clunky cable box looked like it was on its way out. The federal government was pressuring cable companies to open up their near-monopoly on boxes to more competition, and industry leader Comcast promised apps that could render some boxes obsolete.

CDB economist warns T&T over growing debt

Jul. 26, 2017, 10:36 PM AST Comments

TRINIDAD and Tobago is on the wrong path with its debt management, the Caribbean Development Bank (CDB) has said. The comments came during the Central Bank of Barbados’ (CBB) Annual Review Seminar which started on Tuesday at the Radisson Hotel in Bridgetown.



A taste of Moruga chocolate rum*

Jul. 26, 2017, 11:9 AM AST Comments

IT has gone viral. That was Eric Lewis’ response to the compliments his chocolate rum generated at the Trade and Industry Convention (TIC) at the Centre of Excellence, Macoya earlier this month. Among those present at TIC 2017 were Trade Minister Paula Gopee-Scoon. At one of the TIC events,

Foreign exchange sales up 41% for first five months of 2017

Jul. 26, 2017, 11:8 AM AST Comments

THE foreign exchange market in Trinidad and Tobago continued to face pressures as the fall in export earnings as a result of the terms of trade shock has not been matched by a fall in foreign exchange demand, the Central Bank of Trinidad and Tobago (CBTT) has said in its latest Monetary Policy Repor


ExxonMobile confirms discovery of 2nd giant oil field in Guyana*

Jul. 25, 2017, 8:27 PM AST Comments

UNITED States oil giant ExxonMobile has discovered more oil in the Payara reservoir offshore Guyana. In making the announcement yesterday, ExxonMobil Corporation says this increases the total Payara discovery to approximately 500 million oil-equivalent barrels. “These positive well results inc


Greater clarity needed*

Jul. 25, 2017, 8:2 PM AST Comments

SEVERAL weeks ago, the team appointed by Cabinet to consider the future of ailing State energy company Petrotrin submitted its much-anticipated report to the Prime Minister. And in a matter of days, the Prime Minister assembled the Cabinet sub-committee on energy, to begin consideration of the repor


Virtually unexplored Suriname...*

Jul. 25, 2017, 7:52 PM AST Comments

THE current “hotspot” in the Caribbean for “exploration and expected production of oil in the near future” is the Suriname-Guyana Basin (SGB), insists Dr Anthony Bryan, the Trinidad and Tobago-born academic who has been studying energy trends in the region for the last few de

Nearly US$59b in World Bank support to Caribbean*

Jul. 25, 2017, 7:48 PM AST Comments

THE World Bank says its commitments to help developing countries, including those in the Caribbean, take on poverty and boost opportunity reached nearly US$59 billion in loans, grants, equity investments and guarantees in fiscal year 2017 (July 1, 2016–June 30, 2017). “With aspirations o


From Trinis with love*

Jul. 25, 2017, 7:45 PM AST Comments

WHEN the Mighty Sparrow (Slinger Francisco) sang “They trying dey bes’ but they making a mess of the Russian satellite...” he was referring to Sputnik, the first artificial earth satellite launched on October 4, 1957, and not the most recent Russian satellite launched 60 years late


CL Financial bailout *

Jul. 25, 2017, 7:41 PM AST Comments

“...THE official also pointed out that no interest was ever charged on the amount of money that was loaned to the CLF group...” Quote from an anonymous Government official in this newspaper on July 21, 2017.


GUNN report: Mccann World-group 2nd most creative*

Jul. 25, 2017, 7:40 PM AST Comments

MCCANN Worldgroup has been ranked as the second most creative network in the world by advertising industry specialist the GUNN Report. The GUNN report is a global index of creative excellence, based on results from the most important global, regional and national award competitions of the year, a st


UWI and IFC sign MOU*

Jul. 25, 2017, 7:38 PM AST Comments

THE University of the West Indies, St Augustine and the Trinidad and Tobago International Financial Centre (IFC) recently signed a memorandum of understanding (MoU) to solidify the strategic alliance between the two entities. The agreement secures the future of the financial sector by facilitating