The Caribbean In­for­ma­tion and Cred­it Rat­ing Ser­vices Ltd (Cari­CRIS) has reaf­firmed the cred­it rat­ings of CariA (For­eign and Lo­cal Cur­ren­cy) on the re­gion­al rat­ing scale, and ttA on the T&T na­tion­al scale to the NCB Mer­chant Bank T&T Ltd.

Suri will suc­ceed De­nis O’Brien as part of the im­ple­men­ta­tion of the Re­struc­tur­ing Ser­vices Agree­ment (RSA) which is meant to ad­dress the com­pa­ny's debt.

At a news con­fer­ence on No­vem­ber 1, Min­is­ter of Fi­nance, Colm Im­bert, said the Min­istry of Fi­nance was work­ing on for­mal­is­ing and fi­nal­is­ing NIF (Na­tion­al In­vest­ment Fund) 2 with­in the next two months, which would be by the end of 2023.

On Mon­day, Labour Min­is­ter Stephen Mc Clashie ap­point­ed the board dur­ing a cer­e­mo­ny at the Min­istry of Labour’s head of­fice at the In­ter­na­tion­al Wa­ter­front Cen­tre in Port-of-Spain.

Amer­i­can en­gi­neer­ing com­pa­ny Mc­Der­mott has re­ceived a con­tract from Shell Trinidad and To­ba­go for the Man­a­tee gas field de­vel­op­ment project.

As it cel­e­brat­ed 100 years in busi­ness, Massy Hold­ings Ltd yes­ter­day re­port­ed af­ter-tax prof­it from its con­tin­u­ing op­er­a­tions of $833.3 mil­lion for the fi­nan­cial year end­ed Sep­tem­ber 30, 2023, a 21 per cent in­crease com­pared to the $689 mil­lion it earned in its 2022 fi­nan­cial year.

To fos­ter greater trade ties with its Cari­com coun­tries, the T&T Man­u­fac­tur­ers’ As­so­ci­a­tion (TTMA) will be host­ing a pri­vate sec­tor del­e­ga­tion on a trade mis­sion to An­tigua and Bar­bu­da from to­day to De­cem­ber 1, 2023.

The Na­tion­al En­tre­pre­neur­ship De­vel­op­ment Com­pa­ny Ltd (Ned­co) con­tin­ues to recog­nise the im­por­tance of mi­cro and small en­ter­prise to this coun­try econ­o­my and, as such, will be adding a suite of new train­ing and busi­ness ad­vi­so­ry prod­ucts fo­cused on ad­di­tion­al niche mar­ket ar­eas, par­tic­u­lar­ly youth en­tre­pre­neurs, fe­male en­tre­pre­neurs and en­tre­pre­neurs liv­ing with dis­abil­i­ties.

T&T’s Unit Trust Cor­po­ra­tion (UTC) yes­ter­day host­ed its first, share sale in the UTC Glob­al Bal­anced Fund Ltd (GBFL) to in­vestors at an event in St Lu­cia.

In­ter­na­tion­al re­la­tions prac­ti­tion­er, Dr. Ray­mond Mark Kir­ton, says Venezuela’s acts of ag­gres­sion against Guyana over the years have im­pact­ed the econ­o­my of the Eng­lish-speak­ing, South Amer­i­can coun­try.

Phar­ma­cy and con­ve­nience chain Su­per­Pharm has made a strate­gic en­try in­to the St. Au­gus­tine land­scape, open­ing the doors of its tenth lo­ca­tion yes­ter­day to its new cus­tomers.

Three weeks ago, Trade and In­dus­try Min­is­ter Paula Gopee-Scoon opened a T&T booth at the sixth Chi­na In­ter­na­tion­al Im­port Ex­po (CI­IE) in Shang­hai in Chi­na.