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.

RECOMMENDED FOR YOU

ANGOSTURA HOLDINGS experienced a shift in demand for its products during the stay-at-home Covid-19 period.

Bars were ordered to close for more than three months and only reopened on June 22, 2020.

WHILE business owners throughout T&T are downsizing, consolidating or closing down because of Covid-19, 36-year-old entrepreneur and director of Sports & Games Ltd, Omar Hadeed, is expanding the group’s retail footprint, which focuses on fashion brands and quick-dining options.

IN ORDER to survive the current economic landscape, we must diversify, said president of the San Fernando Business Association Daphne Bartlett.

All businesses have been affected by the pandemic, and as such, it cannot be business as usual, she said.

RESTRICTIONS on public gatherings and stay-at-home regulations meant a huge shift towards people working from home. For those companies that had already been taking steps towards cloud-based platforms, it would have been a seamless switch with persons being able to work from a hotel room in Japan, if necessary.

CL FINANCIAL’s joint liquidators have prepared about 1,700 acres of land owned by Home Construction Ltd for sale, according to a report prepared by the group’s liquidators David Holukoff and Hugh Dickson.

Bad weather caused an almost eight-month delay in completion of the new Cross Crossing Bridge in San Fernando, says Works and Transport Minister Rohan Sinanan.

Construction of the bridge was however completed under budget with a savings of $1.5 million, he said.