Wednesday, September 20, 2017

Business

Petrotrin must address costs to survive*

Sep. 20, 2017, 1:17 AM AST Comments

NEW Petrotrin chairman Wilfred Espinet says the company needs to be reinvented and its cost structure needs to be addressed. But in an exclusive interview with Express Business at his courier company in East Port of Spain, the business owner stopped short of advocating the privatisation of the compa

Should T&T borrow its way out of adjustment?*

Sep. 20, 2017, 1:15 AM AST Comments

AT last Thursday’s post-Cabinet news conference, Prime Minister Keith Rowley reiterated a statement he had made the night before at a political meeting in St Augustine: The Government that he leads does not intend to continue borrowing to maintain the lifestyle to which Trinbagonians have beco


Shell’s Hudson ready for challenges ahead*

Sep. 20, 2017, 1:11 AM AST Comments

DEREK Hudson knows about the virtue of patience. It was a lesson reinforced during his three-and-a-half-year assignment in Tanzania, the latter part of which coincided with the combination of British energy giant BG with Royal Dutch Shell, which defines itself as an Anglo-Dutch multinational oil and


Even with challenges, IQor looks to expand in T&T*

Sep. 20, 2017, 1:5 AM AST Comments

Business process outsourcing (BPO) company, iQor, is promising to bring huge job opportunities to Trinidad and Tobago. The Florida-based company currently employs about 600 mostly young people locally and plans to top this figure up by 200 before the end of the year. IQor’s vice president, Ope

China infrastructure projects in T&T employed 12,700 over last decade*

Sep. 20, 2017, 1:3 AM AST Comments

Two studies out earlier this month, one by the International Labour Organisation (ILO) and another by the Caribbean Development Bank (CDB), found: • China infrastructure projects in T&T employed 12,700 over the last decade • T&T has the highest connectivity with China in the region ̶


Temporary land tax onerous*

Sep. 20, 2017, 12:58 AM AST Comments

A Temporary Land Tax - Tax at All Costs A recent newspaper report drew attention to a Cabinet Note, dated September 7, 2017 proposing a new Temporary Land Tax to be imposed during October 2017 – September 2019. WHY THIS LAND TAX? “In the next fiscal year, it is expected that Government


Unpicking Govt’s facts on Sandals*

Sep. 20, 2017, 12:56 AM AST Comments

“...17. User groups and other interest groups should be properly consulted on decisions regarding public building projects, to ensure that relevant views can be expressed at the appropriate time and taken into account before decisions are made...” (the emphasis is mine) That is the seven


HOW TO MAKE A COMPLAINT*

Sep. 20, 2017, 12:55 AM AST Comments

I suppose that RBC has received so many complaints, especially since it imposed all the extra charges on its customers, that it has now developed dealing with the problem into a “find” rather than “fine” art. In fact, even though we Trinis are experts in complaining about eve

Region’s LNG market lost to T&T*

Sep. 20, 2017, 12:52 AM AST Comments

Trinidad and Tobago’s chance of becoming an exporter of liquefied natural gas (LNG) seems to have evaporated into thin air. There is no further talk of the export project that was being developed by National Energy (NE) and UK entrepreneur Roland Fisher’s Caribbean Energy Company to serv


Central America…a place to do business*

Sep. 20, 2017, 12:48 AM AST Comments

Central America is a region rich in opportunity. Firstly, it is blessed with ample natural resources - Honduras and Nicaragua both have gold and silver. In addition, Honduras has large deposits of copper, lead, iron ore, and zinc, whereas Nicaragua has large deposits of natural gas. Guatemala can bo


Take action on exchange rate

Sep. 19, 2017, 10:5 PM AST Comments

The T&T Chamber yesterday described the current TT to US dollar exchange rate as being “overvalued and unsustainable,” and called for dynamic management of the exchange rate along with the country’s inflation goal. Making public its list of 2018 budget recommendations, the business


Scotiabank boss gets promotion*

Sep. 19, 2017, 10:4 PM AST Comments

Scotiabank yesterday announced that Anya Schnoor, managing director of Scotiabank Trinidad and Tobago Ltd, has been promoted to executive vice-president, retail payments, deposits and unsecured lending for Canadian Banking. Schnoor’s appointment will take effect after November 1, 2017 and onc