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While the Central Bank currently holds around US$163 million in gold reserves as at the end of December 2024, with mounting economic and geopolitical uncertainties, T&T’s banker to the Government and regulator of financial institutions ought to seriously consider expanding these holdings, given gold’s effectiveness as a hedge against economic instability, economist Dr Valmikki Arjoon told the Sunday Business Guardian.
Local, publicly listed, multiline group, Agostini, is hoping that its rebrand can help grow regional business and by proxy help the growth of Caribbean brands.
President of the Industrial Court Heather Seale is advising the country’s employers and business leaders to understand the Industrial Court’s powers and procedures so they can successfully navigate their matters there.
Former central banker Mark Carney is Canada’s new prime minister after being sworn on Friday following the resignation of Justin Trudeau, who announced his resignation in January but remained prime minister until his successor was sworn in. Carney won last weekend’s contest for the prime ministership by a landslide, winning 85.9 per cent of the vote.
Sagicor Financial Company (SFC) yesterday announced that it was increasing its quarterly dividend by 12.5 per cent from US$0.06 a share to US$.0.0675 (US$0.27 annualised dividend).
In his exit interview on Thursday, Prime Minister Dr Keith Rowley assured that this country’s economy is on solid footing.
The latest round of sanctions will cost Venezuela billions of dollars in revenue and could result in a new flow of illegal migrants, which could cause serious economic and social problems in T&T and other neighbouring countries.
As the world celebrates International Women’s Day, it is an opportunity to reflect on the strides made toward gender equality, particularly in traditionally male-dominated industries like the extractive sector. In 2023, the Extractive Industries Transparency Initiative (EITI) strengthened its commitment to gender inclusion by introducing additional gender-specific provisions into the EITI Standard.
In last week’s commentary in this space, which was headlined, “Should Govt sell its TSTT shares now?” the public was reminded of an announcement made by incoming prime minister Stuart Young that the Cabinet, in March 2022, took a decision to establish a sub-committee that was mandated to look at TSTT’s current position, whether the majority state-owned telecommunications provider was fit for purpose in the ever-changing telecommunications industry and to make recommendations on what should be done with TSTT.
Nine years ago, IDB Invest was “recreated” with the intent to place more focus on the Caribbean.
For the past decade, declining oil and gas production has been a key economic challenge for T&T. Reversing this trend requires increased upstream investment, which is currently underway. Significant investments are being made in the upstream oil and gas sector, as well as in renewable energy.
The first six months of the T&T Trade and Investment Promotion Agency Ltd (TTTIPA) are not going as smoothly as the Government would have hoped, as several workers are aggrieved at the financial terms of their transition to the new agency.
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