TTFTC Chairman

Trinidad and Tobago Fair Trading Commission (TTFTC) chairman Dr Ronald Ramkissoon, right, and TTFTC’s executive director Bevan Narinesingh last week at the Commission’s Nicholas Towers, Port of Spain, office. —Photo: Ishmael Salandy

The Trinidad and Tobago Fair Trading Commission (TTFTC) is warning private and public sector companies to stop engaging in anti-competitive practices now or they will soon face legal jeopardy.

The TTFTC is currently without power to take action against local companies trading unfairly, as specific parts of the Fair Trading Act, which enables it to do so, have not yet been proclaimed.

But Commission chairman Dr. Ronald Ramkissoon is warning companies that the legislation will be fully proclaimed in the coming months, and once unfair activities are brought to the TTFTC’s attention, it will take action.


DO NOT expect an ease in the foreign exchange (forex) market in 2021.

“We think that at least for 2021, it will still be tight,” said Central Bank Governor Alvin Hilaire last week Wednesday.

The availability and dependability of forex has been a thorny issue for businesses for over six years.

The TCL Group will cease operations at its paper sack-manufacturing subsidiary—TCL Packaging Ltd (TPL)—effective February 15, which the representing union, the Oilfield Workers’ Trade Union (OWTU), says means 47 workers will now be on the breadline.

This year is going to be a difficult year for the energy sector, Energy Minister Franklin Khan said yesterday.

The turnaround, in his view, will come in 2022 when natural gas production increases from planned projects.

And by 2024, the country will have surplus gas.

To this end, he said the Government’s decision to invest capital to keep Atlantic LNG’s Train 1 operational is “strategic” given that by 2024, it expects to have gas from the Manatee field.

With no agreement reached between Government and Patriotic Energies and Technologies Ltd regarding the sale of the former Petrotrin refinery assets, the bidding process for the refinery must move on quickly, says chief executive officer of the Energy Chamber Dr Thackwray Driver.