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On April 20, Frontier Airlines will operate its last flight out of T&T. The Denver-based ultra low-cost carrier will end service between Trinidad and its Puerto Rico hub, nine months after launching the route.
Majority state-owned company National Flour Mills (NFM) yesterday declared after-tax profit of $44.18 million for the year ended December 31, 2024, a 24.62 per cent increase over the $35.45 million it recorded in 2023.
The Caribbean tourism sector is doing well and is expected to continue to increase revenue in 2025, but the industry is still struggling to find skilled workers.
Some business groups believe that they should be included at the table of foreign exchange talks as the shortage has been affecting their membership for several years.
This is the first installment of a two-part series examining natural gas prices. In this segment, we focus on the international pricing benchmarks for natural gas across three key markets: the Netherlands Title Transfer Facility (TTF), the US Henry Hub and the Japan/Korea Marker (JKM). These markets play a critical role in determining natural gas prices globally and are particularly relevant to T&T.
While the full details of the meeting between Prime Minister Stuart Young and the United States Secretary of State Marco Rubio in Jamaica yesterday is not yet known former Energy Minister, Kevin Ramnarine, says uncertainty still looms over this country’s gas deals with Venezuela.
T&T is not the only Caribbean country where obtaining foreign exchange is a problem, according to executive director, Caribbean Export Development Agency, Dr Damie Sinanan.
The US Government’s proposal to impose huge fees on Chinese-built or Chinese-flagged vessels docking at US ports could increase the cost of freight to the Caribbean by between 50 and 60 per cent, which could result in higher prices on imported goods of 15 to 20 per cent.
St. Vincent and the Grenadines Prime Minister Dr. Ralph Gonsalves, yesterday warned that the region could face severe economic problems if the United States goes ahead with a proposal to impose a port fee of one million US dollars per port call on any Chinese-built vessel calling at US ports.
As Trinidad and Tobago faces ongoing foreign exchange shortages, Prime Minister Stuart Young revealed that bankers have been receptive to discussions on foreign exchange accessibility and solutions to increasing bank fees.
ANSA McAL Group CEO, Anthony Sabga III, said yesterday the company took the decision to suspend its dividends for three years in order to reallocate capital to fund future acquisitions as well as continue investing in technology and automation to drive efficiencies and optimise supply chains.
The eyes of many businesspeople and ordinary citizens will be focussed on Whitehall today as the Government meets with members of the banking sector to pave the way forward in tackling this country's continued forex crisis.
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