Thursday, March 23, 2017

Business

Sky will fall in if nothing done

Mar. 22, 2017, 10:16 PM AST Comments

NEWLY-elected president of the Trinidad and Tobago Chamber of Industry and Commerce Ronald Hinds believes the country is facing not only an economic crisis, but a political and social crisis that is manifested through worsening crime. This includes increased violence against women.

FATCA is now law

Mar. 22, 2017, 10:15 PM AST Comments

THE controversial Foreign Account Tax Compliance Act (FATCA) legislation is now law. The Office of the President confirmed yesterday that on Monday President Anthony Carmona assented to the Tax Information Exchange Agreements (US) Act.



We must fix the problems

Mar. 22, 2017, 2:10 AM AST Comments

AS the seven-member Government-appointed Committee to review State oil company Petrotrin buckles down to fulfill its mandate, its members are well advised to heed comments coming from the public through all media, since it will hardly have time for consultations. Its first report on restructuring t


‘If Govt gets downgraded, all businesses get downgraded’*

Mar. 22, 2017, 2:5 AM AST Comments

WHILE the First Citizens additional public offering (APO) of shares, expected to easily raise $1.55 billion for Government, as the projected return on the investment (ROI) is comparable to that of fixed income government securities. First Citizens Group chief executive officer Karen Darbasie says a


High hopes for the manufacturing sector*

Mar. 22, 2017, 1:45 AM AST Comments

CHRISTOPHER Alcazar’s proclaimed love for Trinidad and Tobago and passion for the manufacturing sector led him home after years of studying abroad. He had already dipped his toe into manufacturing as a youngster and knew it was his calling. “I have a real passion for manufacturing that


GraceKennedy opts out of SM Jaleel distribution deal*

Mar. 22, 2017, 1:39 AM AST Comments

JAMAICAN conglomerate GraceKennedy has terminated its distribution relationship with Otaheite-based beverage manufacturer SM Jaleel & Co Ltd, GraceKennedy Group Chief Executive Officer (CEO) Donald Wehby confirmed on a conference call on March 8. “Last year, we entered into a distribution agre

Needed: enhanced oil recovery programme*

Mar. 22, 2017, 1:37 AM AST Comments

WITH primary crude oil production in Trinidad (Tobago has none) averaging only 60,091 barrels a day (b/d) in 2016 (condensate made up the rest of the liquids total of 71,487 b/d), it is abundantly clear that a major enhanced oil recovery (EOR) programme needs to be set in train as soon as possible.


Crossing the Bar*

Mar. 22, 2017, 1:36 AM AST Comments

EVEN though the headline was about a man with an illegal gun and 11 rounds of ammunition, something that I believe should lead to swift justice and a long jail term, many of my colleagues were more concerned with what the Magistrate said and how she said it. “What this country coming to?̶


Trump budget could spell doom for public broadcasting*

Mar. 22, 2017, 1:33 AM AST Comments

THE federal act that created public broadcasting is marking its 50th year, but if United States President Donald Trump has his way it will be its last with government funding. Trump’s 2018 budget proposal makes him the second president to try to kill funding for the Corporation for Public Broa


The international rating agencies and the outlook for T&T*

Mar. 22, 2017, 1:30 AM AST Comments

What really are the implications of the country ratings for Trinidad and Tobago in the recently published report from ratings agencies Standard and Poor's and Moody's? Some have expressed concern about whether the country is in for another downgrade. Within our current economic context, this has bec


Property Matters– HDC Acts*

Mar. 22, 2017, 1:28 AM AST Comments

THE Housing Development Corporation (HDC) has never published its audited accounts since it was established in October 2005 to replace the National Housing Authority (NHA). The previous article highlighted the HDC’s missing accounts and made the point that its failure or refusal to publish th