Express Business Filler #1

FINANCE Minister Colm Imbert said the Board of Inland Revenue targeted the “big taxpayers” in the recent tax amnesty, which netted $2.38 billion for the Government’s coffers, over than four times more than was predicted.

“They spoke to them and they stepped up,” he said. He said he was “amazed’ at the amount of money the tax amnesty collected. Addressing the Spotlight on Budget 2020, Imbert gave a breakdown of the $2.38 billion, disclosing that the lion’s share - $750 million- came from the oil companies, representing 31 per cent of the money collected in the tax amnesty.

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Atlantic LNG’s liquefaction Train 1 could be back up and running as early as next week, says Atlantic’s chief executive officer Dr Philip Mshelbila. Mshelbila said yesterday that the company is currently doing a maintenance or turnaround (TAR) of Train 1 to extend its operational life.

BP Trinidad and Tobago (BPTT), this country’s largest gas producer, says it is working on mitigating and slowing the rate of the gas production decline it forecast earlier this year.

An interview with chairman of the National Gas Company, Conrad Enill on what it means for the company and the country. LAST week, Yara Trinidad Ltd (YTL), one of the energy industry’s downstream companies that produces ammonia, announced its decision to close one of the three plants that it operates on the Point Lisas Industrial Estate by December 31.

JUST over three years old and already one of the fastest growing fintech companies in the region, T&T-based digital payment solutions company, WiPay, is already thinking of going public, by listing its shares on a stock market next year.

So said Sieunarine Coosal, Group Executive Chairman, Coosal’s Group of Companies, in accepting his induction into the Trinidad and Tobago Chamber of Industry and Commerce Business Hall of Fame last Friday.

COUNTRIES IN the Caribbean and Latin America, including Trinidad and Tobago, have set a collective goal of 70 per cent of renewable energy (RE) by 2030, the most ambitious plan in terms of a global regime.