Monday, September 25, 2017

DOMA supports PM's 'open your homes' call

Sep. 24, 2017, 9:40 PM AST Comments

THE Downtown Owners and Merchants Association (DOMA) has condemned the negative reaction by some citizens to Prime Minister Dr Keith Rowley's offer of six months' shelter to Dominicans affected by Hurricane Maria. The offer was announced by Rowley at last Thursday's post-Cabinet press conference.

Florida court orders Duprey to pay US$60m

Sep. 22, 2017, 10:1 PM AST Comments

FORMER executive chairman of CL Financial Lawrence Duprey was ordered by a Florida judge in July to pay more than US$60 million to British American Insurance Company (BAICO) in damages in relation to the TT$1.9 billion Green Island project in Osceola County, Florida. The insurance company had taken

Court orders cellular dealer to pay $9m debt *

Sep. 21, 2017, 10:26 PM AST Comments

LOLLABEE Cellular Ltd, which was up until recently an authorised Digicel dealer, has been ordered by the High Court to clear an almost $9 million debt owed to the telecommunications giant from in-store bill payments, or risk the chance of having its assets seized.

Loquan: Gas supply picture brightening*

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

National Gas Company (NGC) president Mark Loquan said yesterday that while T&T is still negatively impacted by a shortage of natural gas, the landscape is slowly changing for the better. Speaking yesterday at an Energy Chamber luncheon with NGC entitled 'NGC: One Year Later' at Cara Suites Hotel and

Multi-million-dollar lawsuit stayed against CL Financial*

Sep. 20, 2017, 10:58 PM AST Comments

A MULTI-MILLION-dollar claim for payment against CL Financial by one of its subsidiaries, British American Company Ltd, has been stayed indefinitely. Justice James Aboud, presiding at the Hall of Justice in Port of Spain yesterday, continued the stay on the claim which first came into effect in 2014

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