Express Business Filler #1

STATE-OWNED National Gas Company (NGC) yesterday reported group profit after tax of $2.327 billion for 2018, which represents an increase of $1.338 billion or 135 per cent above the 2017 profit after tax figure of $989 million.

In one of his last official acts as the chairman of T&T’s largest indigenous company, business executive Gerry Brooks attributed the group’s improved profitability “to the ongoing execution of the strategic plan to re-engineer the business to drive new levels of productivity, improvements in commodity prices and partial settlement of the Investment Note Certificates that the company held in the CLICO Investment Bank”.

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NGC announced that Brooks was resigning as the chair­man of the holding company and all of the group companies on which he served as either chairman of director. He also resigned from all State com­pa­ny boards on which he served. All the res­ig­na­tions became ef­fec­tive on June 30, 2019.

Brooks signed off on the 2018 consolidated financial statements on June 30, his last official day in the job.


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.

SAGICOR Financial Corporation says it is confident that its arrangement with Alignvest, the Canadian Special Purpose Acquisition Company (SPAC), will receive full regulatory approval in fourth quarter of this year, which begins on October 1 and ends on December 31, 2019.

Have you ever bought a product in a foreign country that appears by its name to be made in the Caribbean, but then you realize that it is not? As much as the Caribbean region has talented innovators who create and produce marketable products, a real danger exists that many of these products are not fully protected against infringements and unfair competition in international markets.

AS AN integrated gas player with ties to international business, the National Gas Company (NGC) Group, found itself reeling from systematic shocks in the past few years, according to its quarterly publication, GasCo News.

GOVERNMENT, through the Ministry of Trade and Industry, has expanded the Grant Fund Facility, which provides funding to qualified small and medium-sized enterprises (SMEs) in T&T.