Vieux Fort

Flashback photo of contractors at the Vieux Fort site of the HDC apartment development in St James.

THE HOUSING Development Corporation (HDC) granted unprecedented benefits and incentives to the Chinese construction company, China Gezhouba Group International Engineering Co Ltd (CGGC), as part of an agreement to construct 5,000 apartment units at sites across Trinidad, according to a copy of the contract documents viewed by Express Business.

In the first phase of the contract—which was signed on May 17, 2019 at the Hyatt Regency Hotel in Port of Spain— CGGC is expected to produce 204 two and three-bedroom apartment units at South Quay in Port of Spain and 235 two and three-bedroom apartment units at Lady Hailes Avenue in San Fernando.

RECOMMENDED FOR YOU

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.