Express Business Filler #1

This week, we at Bourse review the performance of the local and international fixed income markets for the first half of 2019. While the local market has been fairly inactive, international bond investors have enjoyed a period of persistent returns thus far. What can investors expect in the second half of 2019? Let’s take a closer look.

Local interest rates stable, bond supply low The Trinidad and Tobago (TT) Treasury Yield curve remained virtually constant year-to-date (YTD), as a limited supply of TTD bonds and persistent excess liquidity maintained downward pressure on bond yields. The greatest movements were the One-Year Treasury yield and 15-Year Treasury yield from 2.75 per cent and 5.10 per cent in December 2018 to 2.90 per cent and 5.22 per cent in May 2019 respectively.

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KALLCO, the construction conglomerate headed by businessman Arvin Kalloo, has sold the majority stake it bought in the Lawrence Duprey-owned MotorOne to a Jamaican general insurance company.

Following is the text of the statement delivered in the Parliament yesterday by Finance Minister Colm Imbert in announcing that a company named Patriotic, wholly owned by the Oilfields Workers’ Trade Union (OWTU), has been chosen to purchase the Pointe-a-Pierre refinery, formerly Petrotrin.

DECISIONS to increase or implement new taxes are often met with protest and objection. But Port of Spain businesses are actually asking to be taxed.

THE FINANCIAL situation at the Sports Company of Trinidad and Tobago (SporTT) is dire.

FINANCE Minister Colm Imbert declared his interest to the House of Representatives when he piloted the Finance Bill No 2 in the House of Representatives on July 4, 2016.

CHRISTIAN businessman Trevor Joseph estimates that within the 1,500 churches in Trinidad and Tobago there 10,000 Christian-led businesses. Many are start-ups, small businesses and young entrepreneurs who need mentorship from more experienced businessmen like himself, and who simply need a platform where they can advertise products and services.