The com­pa­ny in­volved in the gas-to-en­er­gy project in Guyana, says ef­fec­tive im­me­di­ate­ly, it will now op­er­ate un­der the name, Lind­say­ca Guyana Inc (LND) and that the de­ci­sion fol­lows a cor­po­rate con­sol­i­da­tion process aimed at align­ing the com­pa­ny’s iden­ti­ty with its long-term strate­gic vi­sion and the on­go­ing ad­vance­ment of the project in­to its next phase of im­ple­men­ta­tion.

The Cen­tral Bank of Trinidad and To­ba­go met with two pri­vate sec­tor or­gan­i­sa­tions on Mon­day and yes­ter­day, with the top­ic of for­eign ex­change dom­i­nat­ing the stake­hold­er en­gage­ments.

US en­er­gy gi­ant Exxon­Mo­bil’s ne­go­ti­a­tion for the award of sev­en ul­tra-deep­wa­ter ex­plo­ration blocks off the coun­try’s east coast of Trinidad and To­ba­go is a done deal, ac­cord­ing to an in­ter­na­tion­al news re­port.

Agos­ti­ni has ex­tend­ed the dead­line of its of­fer to ac­quire Pres­tige Hold­ings Lim­it­ed (PHL) for a sec­ond time.

The en­er­gy sec­tor is the ma­jor con­trib­u­tor to na­tion­al in­come, con­tribut­ing on av­er­age 30-40 per cent of gross do­mes­tic prod­uct (GDP). How­ev­er, it on­ly em­ploys on av­er­age 2 per cent of the na­tion­al work­force or around 12,700 peo­ple.

Stake­hold­ers across var­i­ous sec­tors are call­ing for col­lab­o­ra­tive ef­forts to off­set any po­ten­tial im­pact from the in­crease in rec­i­p­ro­cal tar­iff rates from 10 to 15 per cent by the Unit­ed States.

Op­po­si­tion MP, Bri­an Man­ning, yes­ter­day cau­tioned that the 15 per cent tar­iffs that the Unit­ed States is prepar­ing to im­pose on ex­ports from T&T on Thurs­day could put ad­di­tion­al strain on this coun­try’s for­eign re­serves and sig­nif­i­cant­ly in­crease the risk of a de­val­u­a­tion of the TT dol­lar.

Rock Hard Ce­ment of­fi­cial­ly re­turned to the T&T mar­ket yes­ter­day af­ter an ab­sence of al­most four years.

Un­der the own­er­ship of LJ Williams Ltd, The Home Store is un­der­go­ing a sig­nif­i­cant trans­for­ma­tion de­signed to re-es­tab­lish its com­mer­cial vi­tal­i­ty and repo­si­tion the busi­ness in a rapid­ly shift­ing re­tail land­scape.

In a re­cent de­ci­sion that un­der­scores the care­ful bal­anc­ing act be­tween con­tract en­force­ment and ju­di­cial dis­cre­tion, the High Court of Trinidad and To­ba­go ruled that post-judg­ment in­ter­est on a loan debt should be capped at the statu­to­ry rate of 5 per cent, notwith­stand­ing the con­trac­tu­al pro­vi­sion for a high­er rate. The rul­ing has mean­ing­ful im­pli­ca­tions for banks and lenders nav­i­gat­ing long-term loan en­force­ment strate­gies and in­ter­est re­cov­ery frame­works.

Two agri­cul­ture stake­hold­ers are urg­ing the Gov­ern­ment to fol­low through on ef­forts to sta­bilise and sub­se­quent­ly im­prove the out­put of lo­cal farm­ers.

Roger Ho­sein, pro­fes­sor of Eco­nom­ics at the St Au­gus­tine cam­pus of The Uni­ver­si­ty of the West In­dies (UWI), has stat­ed that T&T’s Im­port Cov­er Ra­tio (ICR) re­mained sta­ble be­tween 2019 and 2025, large­ly be­cause of ex­ter­nal bor­row­ing.