There has been a slight in­crease in the Pub­lic Sec­tor In­vest­ment Pro­gramme (PSIP) al­lo­ca­tion for the 2020/2021 fis­cal year when com­pared to re­vised 2019/20 al­lo­ca­tion ac­cord­ing to the Min­istry of Plan­ning and De­vel­op­ment.

Re­pub­lic Fi­nan­cial Hold­ings Lim­it­ed (RFHL) has be­come an of­fi­cial sig­na­to­ry of the Unit­ed Na­tions Prin­ci­ples for Re­spon­si­ble Bank­ing—a sin­gle frame­work for a sus­tain­able bank­ing in­dus­try de­vel­oped through a part­ner­ship with banks world­wide and the Unit­ed Na­tions En­vi­ron­ment Pro­gramme Fi­nance Ini­tia­tive (UN­EP FI).

bp Trinidad and To­ba­go LLC (bpTT) has com­menced work on its Mat­a­pal field de­vel­op­ment which is ex­pect­ed to de­liv­er gas in 2022.

Trade and In­dus­try Min­is­ter Paula Gopee-Scoon has called on women to “de­vel­op a pos­ture of con­fi­dence and pur­sue op­por­tu­ni­ties to mon­e­tise what they do best to se­cure their pres­ence in the in­ter­na­tion­al trad­ing place.”

No de­ci­sion has been made as yet on whether or not NP’s clos­est com­peti­tor, the Unit­ed In­de­pen­dent Pe­tro­le­um Mar­ket­ing Com­pa­ny Lim­it­ed (Unipet) will be able to pur­chase its gas sta­tions when they even­tu­al­ly go up for sale, En­er­gy Min­is­ter Franklin Khan has said.

The Massy Group has ex­it­ed the in­for­ma­tion tech­nol­o­gy and com­mu­ni­ca­tions busi­ness with the sale of two of its com­pa­nies, Massy Tech­nolo­gies (Trinidad) Ltd and Massy Tech­nolo­gies (Guyana) Ltd.

The de­ci­sion by the gov­ern­ment to lib­er­alise the fu­els mar­ket is long over­due and in the best in­ter­est of the coun­try.

Two ten­ants have al­ready been con­firmed for the Moru­ga Agro-Pro­cess­ing and Light In­dus­tri­al Park and two more have been is­sued let­ters of of­fer, Min­is­ter of Trade and In­dus­try Paula Gopee-Scoon has an­nounced.

While Pres­i­dent of the T&T Cham­ber of In­dus­try Com­merce Reyaz Ahamad wel­comes pri­vati­sa­tion of the port of Port-of-Spain, he said the Cus­toms and Ex­cise Di­vi­sion must step up its game for the en­ti­ty to be ful­ly func­tion­al and ef­fec­tive.

In light of the gov­ern­ment rais­ing ex­cise du­ties on lo­cal­ly man­u­fac­tured to­bac­co prod­ucts by 20 per cent, the Chair­man of the West In­di­an To­bac­co Com­pa­ny (WIT­CO) An­tho­ny Phillip has ex­pressed that the com­pa­ny would have to ad­just.

The sale of gas sta­tions owned by Na­tion­al Pe­tro­le­um and the pri­vati­sa­tion of the port of Port-of-Spain are two mea­sures which are long over­due, Bri­an Hack­ett the Ter­ri­to­ry Leader of Pw­C­Trinidad and To­ba­go has said.

The T&T Man­u­fac­tur­ers’ As­so­ci­a­tion (TTMA) says is it is pleased that Fi­nance Min­is­ter Colm Im­bert in­tends to pri­va­tise some State en­ter­pris­es, say­ing this has been “a pri­ma­ry lob­by­ing” is­sue by the as­so­ci­a­tion.