Colm Imbert

BUDGET MEETING: Minister of Finance Colm Imbert, centre, shakes hands with T&T Chamber of Industry and Commerce president Reyez Ahamad as T&T Chamber VP Kiran Maharaj, from left, chairman-elect, EY Caribbean Wade George and NGC president Mark Loquan look on at the T&T Chamber post-budget analysis breakfast meeting at the Hyatt Regency in Port of Spain yesterday.

US-based travel and hospitality conglomerate, Apple Leisure Group, has been chosen to run Tobago’s 198-room Magdalena Grand Beach and Golf Resort. Finance Minister Colm Imbert revealed yesterday that Apple Leisure was chosen from among a few foreign hotel operators.

He said Government is expected to wrap up negotiations with the US company within a month. Once negotiations are successful, Apple will not only bring a “world class brand” to Tobago but also “airlift”, Imbert said. He made this announcement yesterday at a post-budget forum, hosted by the Trinidad and Tobago Chamber of Industry and Commerce at the Hyatt Regency, Port of Spain.


FOR making the most progress over the past year, Scotiabank has been named Trinidad and Tobago’s Bank of the Year 2019 by The Banker magazine. The Banker magazine is a monthly international financial affairs publication owned by the Financial Times Ltd of the United Kingdom.

THERE was a time when the economy was so bad, people could not even buy Crix. So says chairman of the Bermudez Biscuit company, Robert Bermudez, as he insists T&T is not a failed state.

THE unaudited financials for fiscal year 2019 show that Heritage Petroleum earned revenues of $5.4 billion and made a net profit of $725 million.

At the Caribbean Premier League T20 finals last month, Republic Bank Ltd introduced cricket fans to a contactless wearable payment option, which reduces the need for cash in hand.

IN AN inconspicuous building set back in a compound on Boundary Road Extension in San Juan is a local start-up that is attempting to add greater value to the non-energy manufacturing sector by providing T&T’s snack, beverage, dry food industry with an end-to-end packaging solution.