Sunday, November 19, 2017

Business

Over 100 European tour operators coming *

Nov. 13, 2017, 6:52 PM AST Comments

The Ministry of Tourism said yesterday T&T’s participation in World Travel Market (WTM) continues to bear fruit, with the possibility that more than 100 European tour operators could visit Trinidad next year.



AHL, OCM results lower*

Nov. 12, 2017, 10:6 PM AST Comments

This week we at Bourse review the nine-month financial results of two stocks within the Manufacturing 1 sector, Angostura Holdings Ltd (AHL) and One Caribbean Media Ltd (OCM). Both AHL and OCM continue to confront economic challenges which have negatively impacted revenue and profitability.


Mayers appointed chairman of TSTT *

Nov. 9, 2017, 8:13 PM AST Comments

INVESTMENT manager, Robert Mayers was yesterday confirmed as the new chairman of majority State-owned Telecommunications Services of Trinidad and Tobago (TSTT).


Set up shop in T&T*

Nov. 8, 2017, 9:26 PM AST Comments

Planning and Development Minister Camille Robinson-Regis is encouraging social networking company Facebook to set up a regional headquarters in Trinidad and Tobago.


Angostura profits tumble 21 per cent*

Nov. 8, 2017, 9:24 PM AST Comments

Angostura Holdings Ltd yesterday reported a 21 per cent decline in its after-tax profit for the nine-month period ending September 30, 2017. The rum and bitters producer, which is headquartered in Laventille, saw its profits for the nine months in 2017 decline to $74 million from $94 million for th

Minister: $3b in local investments in 3 years*

Nov. 7, 2017, 10:12 PM AST Comments

TRADE and Industry Minister Paula Gopee-Scoon has calculated about $3 billion in new local investments in Trinidad and Tobago over the next two to three years. Speaking to reporters yesterday after the opening of the US$50 million Unicomer (Trinidad) Ltd Freeport Campus logistics hub for the Easter


FATCA on steroids?*

Nov. 7, 2017, 9:21 PM AST Comments

Over the last weekend, there was a leak of millions of financial documents outlining how a small global elite uses offshore tax havens to hide their wealth— in some cases from tax authorities.


Mortgage lending slows*

Nov. 7, 2017, 9:19 PM AST Comments

Ongoing private sector home construction projects completed by the end of next year have the best chance of benefiting from a recovery of what is now, according to the Caribbean's largest home-grown credit rating agency, a declining real estate mortgage market.


First Caribbean exec at Scotia head office*

Nov. 7, 2017, 9:16 PM AST Comments

The ten per cent increase in the corporation tax rate on commercial banks operating in T&T over the last two years is likely to stop the expansion of the financial institutions, said Anya Schnoor, the immediate past president of the Bankers Association of T&T (BATT).


We salvaged a barge that others could not*

Nov. 7, 2017, 9:13 PM AST Comments

It was a complex salvage operation that four companies were unable to execute. As such, the 11,000 tonne transport barge, OC 257, remained on the ocean floor for two years. The 250-feet long and 72 feet wide barge was used to transport aggregate to other Caribbean islands.