Express Business Filler #1

In many countries with which we do business, the labour laws that govern the employment relationship are very different from ours, and frequently adjust to the changing environment, which ours do not.

To provide readers with some examples:

• Our Arbitration Act was passed in 1939;

• The Trade Disputes and Protection of Property Act passed in 1943, with a few minor amendments in 1947;

• The Trade Union Act, in 1932, with a couple of amendments in 1943 and 1980;

• the Truck Act, in 1918, with adjustments in 1940 and 1982;

• Foreign Labour Contracts Act was passed in 1900;

• Workman’s Compensation, in 1960;

• The Industrial Relations Act, in 1972; and

• The Retrenchment and Severance Benefits Act, 1985.


Moody’s Investors Service (Moody’s) affirmed the Ba1 corporate family rating on National Gas Company of Trinidad & Tobago’s (NGC) and its $400 million global bonds due 2036.

NATIONAL Security Minister Stuart Young said last night he has always recused himself whenever the issue of NCB Global Finance has been raised in any Cabinet note.

AFTER 25 years, the Unit Trust Corporation has decided to discontinue trading in foreign currencies, the financial institution’s executive director, Nigel Edwards, said yesterday.

GOVERNMENT has an $18,992 balance a $7 million loan it took in 1941 under the War Loan Ordinance of 1941.

It’s one of several loans the Government has with local financial institutions which amount to close to $50 billion.

WITH restaurants opening back up in the first phase of the easing of restrictions as a result of the Covid-19 pandemic, people still do not have to venture out for food as there is an app that brings deliveries right to your doorstep.

DIGICEL mobile phones are in more hands and pockets than any other telecommunications company in Trinidad and Tobago and the Caribbean. But the company is facing a battle for its survival as it deals with declining revenues, increasing finance costs and what its directors refer to as “unsustainable volumes of funded indebtedness”.