Sco­tia­bank an­nounced the sale of its op­er­a­tions in a press re­lease on Wednes­day whilst al­so stat­ing, “The agree­ment is sub­ject to reg­u­la­to­ry ap­proval and cus­tom­ary clos­ing con­di­tions.”

The Na­tion­al Gas Com­pa­ny (NGC) has signed an en­gi­neer­ing, pro­cure­ment, and com­mis­sion­ing (EPC) con­tract for gas in­fra­struc­ture for e TecK’s Phoenix Park In­dus­tri­al Es­tate (PPIE), with the Bei­jing Con­struc­tion En­gi­neer­ing Group Com­pa­ny Lim­it­ed (BCEG). BCEG, a Chi­nese con­struc­tion and en­gi­neer­ing firm, is the de­sign-build con­trac­tor for PPIE.

Ef­fec­tive March 23, Re­pub­lic Bank Ltd will re­duce its US dol­lar spend­ing lim­it per billing cy­cle on all Re­pub­lic Bank cred­it cards.

The East­ern Caribbean Cen­tral Bank (EC­CB) has ap­proved the sale of Roy­al Bank of Cana­da in the ter­ri­to­ries of the East­ern Caribbean.

Colm Im­bert has failed as Fi­nance Min­is­ter! There is no oth­er way of say­ing it. He must now do the ho­n­ourable thing and re­sign since it is clear that Prime Min­is­ter Dr Kei­th Row­ley will not do what he must know is in the best in­ter­est of the coun­try and sack his Fi­nance Min­is­ter.

Cab­i­net has ap­proved a TT$50 mil­lion ex­port boost­er ini­tia­tive for the man­u­fac­tur­ing sec­tor, the ob­jec­tive of which is to pro­mote ex­ports of man­u­fac­tured goods.

The coun­try’s three trade union fed­er­a­tions, Na­tion­al Trade Union Cen­tre (NATUC), Joint Trade Union Move­ment (JTUM) and the Fed­er­a­tion of In­de­pen­dent Trade Unions and NGOS (FI­TUN) have ac­cused Fi­nance Min­is­ter Colm Im­bert of be­ing ir­re­spon­si­ble and try­ing to de­lib­er­ate­ly mis­lead the pop­u­la­tion by blam­ing a de­ci­sion of the in­dus­tri­al court for NP mov­ing from a break-even po­si­tion to a loss.

In its unau­dit­ed fi­nan­cial re­sults to the end of De­cem­ber 2020, CAL said the im­pact of the glob­al pan­dem­ic re­sult­ed in an op­er­at­ing loss (earn­ings be­fore in­ter­est and tax­es EBIT) of TT$738 mil­lion (US$109.2 mil­lion) on rev­enue of TT$802 mil­lion (US$118.6 mil­lion).

Ex­pect fur­ther de­clines in nat­ur­al gas pro­duc­tion this year and the coun­try is run­ning out of fis­cal space are the ob­ser­va­tions of one econ­o­mist and a for­mer En­er­gy Min­is­ter.

And if the trend con­tin­ues, we may lose up to $5 bil­lion in rev­enue for fis­cal 2021. This fig­ure does not in­clude the ex­pect­ed $5 bil­lion short­fall al­ready pre­dict­ed for fis­cal 2021.

Fi­nance Min­is­ter Colm Im­bert’s state­ment yes­ter­day, which paint­ed a grim pic­ture of this coun­try’s econ­o­my, was noth­ing more than a “cheap dis­trac­tion” to take away from the on­go­ing na­tion­al out­rage caused by the mur­der of An­drea Bharatt, econ­o­mist Mar­la Dukha­ran said.

The en­tire board of the Air­ports Au­thor­i­ty of Trinidad and To­ba­go (AATT) has been re­placed one year be­fore their ap­point­ments were of­fi­cial­ly ex­pect­ed to have end­ed.