Express Business Filler #1

CHARITIES, volunteer groups and religious bodies have again been urged to view the Non-Profit Organisations Bill, 2019 as a means of protection for themselves and for Trinidad and Tobago’s reputation abroad.

Attorney General, Faris Al-Rawi yesterday further defended the proposed bill, due to be laid in Parliament when it reopens next month, saying the legislation would help Government create a “sword and shield” to protect the country from organised crime including the deliberate or inadvertent funding of terrorism, arms trading and human trafficking.

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This week, we at Bourse review the financial performance of MASSY Holdings Ltd (MASSY) for the year ended on September 30, 2019.

MASSY Holdings Ltd (MASSY)

MASSY Holdings Ltd (MASSY) reported a Basic Earnings per Share (EPS) of $5.76 for the full year ended September 30, 2019, an 8.3 per cent improvement over the reported 2018 figure of $5.32. Group Revenue remained relatively flat, increasing to $11.6b for 2019 (up 0.4 per cent). 

FINANCE Minister Colm Imbert is assuring that the Office of Procurement Regulation would still have the power to investigate government-to-government arrangements after Government makes “slight” amendments to Section 7 of the Public Procurement and Disposal of Public Property Act next month.

A CALL has been made for Government to take immediate action on campaign finance reform and implementing the public procurement legislation.

Without these two pieces of legislation, says the Trinidad and Tobago Transparency Institute (TTTI), this country’s scoring on the Corruption Perception Index (CPI) will remain stagnant.