Wednesday, January 17, 2018

Business

EFCL to pay $.7m after losing lawsuit*

Jan. 10, 2018, 9:39 PM AST Comments

THE Education Facilities Company Ltd (EFCL) has been ordered by a High Court judge to pay another company, Advance Commercial Equipment Ltd, close to $.7 million after it failed to keep its side of an agreement for the supply of cafeteria equipment for three secondary schools.

Does NIF stand for Now Is Failure?*

Jan. 9, 2018, 11:50 PM AST Comments

Anyone who has followed my commentaries over the years would know that I am a huge proponent of the “widest possible public participation” of T&T citizens in the ownership of local shares. But I am also a proponent of individuals using share ownership to build their wealth over time, as


First Citizens: T&T rebounded in 2017*

Jan. 9, 2018, 10:57 PM AST Comments

The fall in real gross domestic product (GDP) growth in 2017 was not as bad as that of 2016, and more than half of the country’s output, or GDP, is owed in debt. These were the only two points on which economists and analysts agreed last week in interviews and emails from January 2 to 5.


Tough decisions needed to turn WASA around*

Jan. 9, 2018, 10:55 PM AST Comments

The Inter-American Development Bank’s (IDB) outgoing country representative, Tomas Bermudez, holds the firm view that the people of Trinidad and Tobago deserve a 24/7 water supply. It’s not a difficult task, he says, but the authorities must be willing to make the political and financial

SHADOW OF THE BASSMAN*

Jan. 9, 2018, 10:52 PM AST Comments

When I was about eight years old, we got electricity in Carapichaima and my family bought a radio. They listened to Indian programmes and the local news on Radio Trinidad but not the BBC news because that was “noise.” “Switch off that noise, mih head hurting me,” everybody s


Venezuela’s oil sector not beyond redemption*

Jan. 9, 2018, 10:50 PM AST Comments

Is the Venezuelan oil industry “falling apart”? Strong language but a view that some analysts think is correct, including commentator Luis Oliveros. If true, this could be of intense interest to us here in Trinidad and Tobago, since there are strong links between the industries in both c


DOMA: Schoolboy’s murder ‘unspeakably savage’*

Jan. 9, 2018, 9:40 PM AST Comments

NATIONAL Security Minister Edmund Dillon must make good on his assurance that the “perpetrators will be made to feel the full brunt of the law” in Monday’s killing of schoolboy Joshua Andrews, the Downtown Owners and Merchants Association (DOMA) has said.



More engagement needed*

Jan. 8, 2018, 7:19 PM AST Comments

The American Chamber of Commerce of Trinidad & Tobago (AMCHAM T&T), said yesterday that it appreciated Prime Minister Keith Rowley’s call on...


GHL directors consult lawyers*

Jan. 8, 2018, 7:16 PM AST Comments

The committee of four independent Guardian Holdings directors, which is overseeing the board's response to the takeover bid from Jamaica's NCB Financial Group...


Plotting a course in an uncertain 2018*

Jan. 7, 2018, 8:45 PM AST Comments

This week, we at Bourse review the performance of the local equity market for 2017 and provide an outlook for the market in 2018. We examine the three stock indices, namely the Trinidad and Tobago Composite Index (TTCI), the All T&T Index (All T&T) and the Cross Listed Index (CLX), as well as highli


More takeover details needed*

Jan. 5, 2018, 10:55 PM AST Comments

Minority shareholders of Guardian Holdings Ltd (GHL) are calling on GHL and NCB Global Holdings Ltd to disclose a 2015 ‘lock-up’ agreement signed between the then respective majority owners—the Lok Jack and Ahamad families (GHL), and Jamaican billionaire Michael Lee Chin (NCB)̵