Wednesday, January 18, 2017

Business

Petrotrin chief: Changes coming*

Jan. 18, 2017, 8:47 PM AST Comments

CHANGE is coming to Petrotrin, its president Fitzroy Harewood says. It is the only way the State oil company will be able to repay its debt-which includes a US$850 million bond due in August 2019-and improve its crude production levels, he said yesterday.

Finance Minister blanks idea of IMF help to turn around local economy

Jan. 18, 2017, 8:45 PM AST Comments

The Barbados government says it has not made any approach to the International Monetary Fund (IMF) for assistance in turning around the island’s economy. Finance Minister Chris Sinckler, speaking on the Bank’s Tax on Assets 2017 Bill debate on Tuesday night, said the Freundel Stuart gove



LINX issues fraud warning

Jan. 18, 2017, 2:34 PM AST Comments

By Curtis Rampersad - DEBIT card payment system LINX is warning about a fraudulent message being circulated on social media.


For driverless cars, a moral dilemma: Who lives or dies?

Jan. 18, 2017, 8:21 AM AST Comments

BOSTON (AP) — Imagine you're behind the wheel when your brakes fail. As you speed toward a crowded crosswalk, you're confronted with an impossible choice: veer right and mow down a large group of elderly people, or veer left into a woman pushing a stroller.


‘Make Petrotrin an essential service, cut staff’*

Jan. 18, 2017, 1:51 AM AST Comments

MAKE State oil company Petrotrin an essential service, expedite the plan to power vehicles with compressed natural gas (CNG), allow competition in fuel supply, and cut staff. These were some of the solutions financial consultant and former Citibank vice president Ved Seereeram and University of the


Petrotrin needs radical surgery*

Jan. 18, 2017, 1:49 AM AST Comments

IT is alarming, though not surprising, how the crown jewel of Trinidad and Tobago’s oil industry, Petrotrin, could, in less than two decades, turn into a crown of thorns that inflicts pain on a nation to which, not long ago, it delivered huge profits and paid more taxes than any other corporat

Brighter prospects for economy in 2017*

Jan. 18, 2017, 1:46 AM AST Comments

THE World Bank is forecasting the global economy will accelerate slightly in 2017 after turning in the worst performance last year since the 2008 financial crisis. The 189-nation lending agency said last week that the global growth should expand at a 2.7 per cent annual rate this year.


How will we get there?*

Jan. 18, 2017, 1:42 AM AST Comments

AS of this writing, I had not seen the agenda for the Energy Chamber's annual conference due to take place from January 23-25 at the Hyatt Regency (Trinidad) hotel in downtown Port of Spain but I would be surprised if it did not include a paper on the prospects and possibilities for renewable energy


IDB report: Public expenditure management weak*

Jan. 18, 2017, 1:40 AM AST Comments

Public expenditure management continues to be challenged under the current administration, the Inter-American Development Bank (IDB) said in its “Country Program Evaluation, Trinidad and Tobago 2011-2015” released on January 5. “As part of its 2015-16 work plan, (the IDB’s) O


Seeing a shrink*

Jan. 18, 2017, 1:38 AM AST Comments

I have seen a lot of shrinks in my life but not as many as the wife of a famous comedian. When he told her that he was seeing a shrink, she confessed that she was seeing three shrinks, two plumbers and a bartender. I used to think that the only shrink I would see in my life was not a psychiatrist


PriceSmart T&T sales dip*

Jan. 18, 2017, 1:34 AM AST Comments

WAREHOUSE shopping giant PriceSmart Inc hhas reported increased local sales for its Jamaican store in the quarter prior to Christmas, but sales are down throughout the Caribbean, including Trinidad and Tobago, by nearly US$5 million. The Caribbean segment recorded an overall dip of 2.3 per cent in &