Finance Minister Colm Imbert

Finance Minister Colm Imbert

The People’s National Movement, (PNM) marked the fourth anniversary of its 2015 general election victory yesterday with little fanfare. But what has the party achieved after four years?

Many economists would admit—some very grudgingly—that the signal achievement of the administration in the last four years has been to stabilise the economy. The current administration did not come to stabilisation easily; it was forced by circumstances to curb expenditure and boost revenue in any way it could. In its first year in office, which was from October 1, 2015 to September 30, 2016, natural gas production average 3.43 billion cubic feet per day, down 12 per cent from the previous fiscal year.

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This week, we at Bourse review the performance of two companies within the Manufacturing Sector – West Indian Tobacco Company Ltd (WCO) and Angostura Holdings Ltd (AHL) – for the nine-month( 9m) period ended September 30, 2019. Both WCO and AHL’s performances benefited from modest revenue growth, combined with measurable cost management. We discuss the performance of both companies and provide an outlook.

In many cultures, time is not regarded as something successive, but as a circular phenomenon. Although the conventional European concept of history is sequential—that time is linear, just one thing after another until you die—subconsciously we know it is not. It is circular. “What goes round, comes round,” the old people used to say from wry experience.

REPUBLIC Financial Holdings Ltd (RFHL) ended its 2019 financial year with a profit of $1.58 billion, an increase of $258.3 million or 19.5 per cent over the previous year.

The Housing Development Corporation (HDC) has ramped up efforts to reduce customer delinquency. The HDC announced that it has partnered with bill payment service, SurePay, to give customers an additional option to make their monthly payments.