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BHP, the Australian outfit drilling in T&Ts deep water has announced that its latest well, Carnival-1 failed and was a dry hole.
The Trinidad Hotels Restaurants and Tourism Association (THRTA) says larger properties (100 rooms and over) are achieving 100 per cent occupancy while most of the independent smaller properties (under 100 rooms) are trending between 85 per cent to 100 per cent over this Carnival week.
This week legendary investor Warren Buffet was quoted to have said: “if you invested $10,000 in the S&P 500 in 1942, you’d have $51 million today.”
Possibilities for Government to collaborate with Estonia on the enhancement of T&T’s electronic-Government (e-Government) initiatives were discussed yesterday by Prime Minister Keith Rowley and Estonian President Kersti Kaljulaid.
Recently in the House of Representatives, Finance Minister Colm Imbert stated that more Trinbagonians are making purchases online. Imbert also added that local financial institutions used a total of US$1.205 billion to meet credit-card foreign obligations in 2018.
Recently, the T&T International Financial Centre released its annual report titled Redefining Financial Sector Development. The stated mission of the IFC is ‘to attract and facilitate foreign direct investment in the financial services sector that would enhance the growth and diversification of the economy by creating sustainable employment and generating foreign exchange.’ How well is it doing?
The National Investment Fund Holdings Company Limited (NIF) has made its first distribution interest payment of $122.2 million, representing the first semi-annual coupon payment on the three series of its four billion dollar bond.
Royal Dutch Shell, the company that is in partnership with the National Gas Company to purchase and transport natural gas from Venezuela’s Dragon Field, has said it will comply with all laws that may apply to the deal.
The Energy Chamber has developed an Energy Efficiency Declaration, recognising the role of energy efficiency in developing the economy and reducing Trinidad and Tobago’s greenhouse gas emissions.
Last time, we discussed a different approach to fund management and examples of strategies that can be employed by the Heritage and Stabilisation Fund (HSF) in an effort to boost returns to the benefit of the people of T&T.
Sandals Resorts International will not be returning to T&T said Minister Stuart Young on Wednesday night at a forum entitled Economic Implications of the Termination of the Sandals Project in Tobago, held at the University of the West Indies (UWI), St Augustine.
First Citizens Bank Ltd (FCB) recorded a profitable first quarter for the three months ended 31 December 2018. FCB recorded a profit before tax of $311.5 million, a growth of 22.7 million or 7.9 per cent when compared to the corresponding period in 2017. The company’s profit after tax was posted as $214.5 million, which accounts for a 5.5 per cent increase, as compared to December 2017.
Eastern Credit Union (ECU) has invested approximately $3 million its new four-floor facility in Chaguanas, which was officially opened yesterday.
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