Monday, April 24, 2017

Business

First-quarter market review

Apr. 23, 2017, 9:3 PM AST Comments

This week, we at Bourse review the performance of the local equity market for the first quarter of 2017. Q1 2017 could be described as a period of resilience for Trinidad and Tobago stocks, while cross-listed stocks strongly advanced. We examine the three stock indices, as well as highlight some imp

S&P downgrades T&T

Apr. 21, 2017, 9:47 PM AST Comments

RATING agency Standard & Poor’s (S&P) has downgraded Trinidad and Tobago’s long-term sovereign ratings —the risk associated with investing in the country — from A- to BBB+. S&P said yesterday the downgrade reflects a further deterioration of the country’s debt burden w




All talk, no action*

Apr. 19, 2017, 5:31 AM AST Comments

IT is incomprehensible that after more than 100 years as a unified twin-island State, the central Government sitting in Port of Spain cannot come up with reliable formulae for adequately servicing the basic needs of citizens residing in Tobago, dependent as they are on Trinidad for almost everything


IMF report: T&T VAT refunds suspended*

Apr. 19, 2017, 2:44 AM AST Comments

THE government of Trinidad and Tobago has temporarily suspended Value Added Tax (VAT) refunds due to lack of funding, an International Monetary Fund (IMF) senior economist with the IMF's Fiscal Affairs Department has said. Finance Minister Colm Imbert, when contacted by phone, mobile text and email


Sorry tale all round*

Apr. 19, 2017, 2:7 AM AST Comments

STUART Young insists he will not be a murderer. Before you rush out and help restrain the Minister in the Office of the Prime Minister and Minister of Legal Affairs, let me hasten to point out that he was not referring to a person but to an institution–the State-owned National Gas Co (NGC). I

Chaguanas Chamber’s new boss*

Apr. 19, 2017, 2:6 AM AST Comments

THE Chaguanas Chamber of Industry and Commerce has a new president. Vishnu Charran, director of Charran’s Bookstores took over the reins from former president Richie Sookhai. He was elected on March 31. Charran was previously the Chamber’s vice president. He told Express Business in an


Coming To Blows*

Apr. 19, 2017, 2:3 AM AST Comments

THREE roughnecks, Ansel, Kansel and Pansel were working on a Trinmar rig in the Gulf of Paria when, as they were coming down the ladder, Pansel slipped and fell. He died instantly. After they reached the Trinmar jetty, and as the ambulance was taking the body away, Kansel said, “Well, someon


PM: T&T a place for investment*

Apr. 19, 2017, 1:58 AM AST Comments

PRIME Minister Dr Keith Rowley last Wednesday told the House of Representatives in Port of Spain there was still hope for the energy sector and that Trinidad and Tobago could get other energy platforms after energy giant BP decided to build its Angelin platform outside Trinidad.


Caribbean Information Credit Rating Services reaffirms ratings

Apr. 19, 2017, 1:57 AM AST Comments

CARIBBEAN Information and Credit Rating Services Ltd (CariCRIS) has reaffirmed the assigned corporate credit ratings of CariBBB (Foreign and Local Currency ratings) on the regional rating scale and ttBBB on the Trinidad and Tobago (T&T) national scale to Eastern Credit Union Co-operative Society Ltd


Now is the time for transformation*

Apr. 19, 2017, 1:55 AM AST Comments

CHANGE is never easy. Even the smallest change in society creates stress and attracts resistance. Transformation could be even more difficult. From its foundation, the economy of Trinidad and Tobago has been focused on producing one main product. As a colony it would have been expected.