Monday, February 20, 2017

Business

NEL impacted by lower energy prices

Feb. 19, 2017, 9:15 PM AST Comments

This week, we at Bourse review the performance of two companies within the Non-Banking Finance sector (though with very different business models), National Enterprises Limited (NEL) and JMMB Group Limited (JMMBGL). While lower energy commodity prices have weighed on NEL’s earnings, JMMBGL con

Foreign exchange woes*

Feb. 17, 2017, 9:51 PM AST Comments

PRICESMART, the largest warehouse shopping chain in Trinidad and Tobago, has issued an advisory to members that its imports have been limited due to a shortage of foreign currency. In a notice to members, PriceSmart stated that the company was unable to offer its full selection of imported products.


Mexican company paying US$86.36m for TCL shares

Feb. 17, 2017, 9:49 PM AST Comments

MEXICAN cement manufacturer Cemex is paying US$86.36 million for Trinidad Cement Ltd (TCL) and its three cement plants in Barbados, Jamaica and Trinidad and Tobago, the company has said. In a February 10 statement from Kingston, Jamaica, Cemex subsidiary Sierra Trading — after closing its off


Rock Hard Cement Ltd threatens lawsuit

Feb. 17, 2017, 8:6 AM AST Comments

By Rickie Ramdass - LEGAL action may be initiated against Mikey Joseph, President of the Trinidad and Tobago Contractors Association should he fail to retract statements made by him regarding the quality of cement sold to consumers by local distributor Rock Hard Cement Ltd during a press conference



Jodhan new Angostura CEO

Feb. 15, 2017, 8:27 PM AST Comments

ANGOSTURA Holdings Ltd yesterday announced that Genevieve Jodhan has been appointed its chief executive officer. She has been acting in the position for five months. Her appointment was announced by the company’s board of directors in a notice to the Trinidad and Tobago Stock Exchange and a pr


We jammin' still*

Feb. 15, 2017, 2:10 AM AST Comments

A cursory look at Carnival-related activities this year shows that while there is some indication of reduced spending, overall, it's business almost as usual. Some prestigious fetes have seen fewer patrons, a few costumed bands admit to lower numbers, and many of the signature shows have scaled bac

CIBC report: Govt fiscal deficit widened 143% last year*

Feb. 15, 2017, 1:54 AM AST Comments

THE government of Trinidad and Tobago saw its fiscal deficit expand by more than 143 per cent last year, a report by Barbados-based CIBC FirstCaribbean International Bank has found. Analyst Shane Lowe noted the deficit in his Caribbean Market Overview for the first quarter (Q1) of 2017 released las


BP CEO: Keep an eye on us in Trinidad*

Feb. 15, 2017, 1:51 AM AST Comments

BP Group chief executive officer Bob Dudley says investors need to watch what the multinational plans to do in Trinidad and Tobago. On a conference call last Tuesday, London-based Dudley told investors to “keep an eye on us with some other things that we may do in Trinidad”. He was resp


Patience richly rewarded*

Feb. 15, 2017, 1:46 AM AST Comments

GUYANA is gearing up to be the next oil and gas producer in Caricom after Trinidad and Tobago, Suriname and Barbados and is likely to outplace all three combined in the very near future. Jeff Simons, country manager for Esso Exploration and Production Guyana, envisages about 100,000 barrels a day (b


Sick Building Syndrome...*

Feb. 15, 2017, 1:44 AM AST Comments

MANAGING and maintaining healthy building conditions play an integral role in minimising occupational risk, liability, and sustaining a company’s overall performance and reputation. In addition, healthy buildings contribute to employee well-being, health, and productivity in the workplace. Fo


A PESO for your thoughts*

Feb. 15, 2017, 1:42 AM AST Comments

I am going to tell you a story about Donald Trump's wall separating Mexico from the United States and I bet you won't get over it. While the Wall Street Journal was contemplating some of the issues about who would actually build the Wall, Reuters, the international news agency revealed, “Mexi