Express Business Filler #1

Petrotrin and Republic Bank have been holding talks on the Petrotrin Employee Pension Plan (PEPP) and are working towards a resolution of all the issues.

Petrotrin Chairman Wilfred Espinet said yesterday: “We have been speaking with the Trustees (Republic Bank) and we will resolve all of the issues in time. As the sponsors of the plan, we are committed to ensuring that the plan meets its members’ obligations.”

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With washing hands and good hygiene as gospel when it comes to curbing the spread of COVID-19 globally, the State utility, the Water and Sewerage Authority (WASA), has had to adjust its operations to meet T&T’s water demands.

TWO DAYS after S&P Global Ratings downgraded Republic Bank Ltd and First Citizens Bank, the regional credit rating agency, CariCRIS, reaffirmed the assigned the rating of Massy Holdings Ltd (Massy) and gave the local conglomerate a stable outlook.

MASTERCARD, the American network payment processing giant, has signed a multimillion dollar, multi-year and multi-country non-equity investment in T&T’s WiPay, which will lead to the roll-out of a new virtual card by the end of April.

Trinidad and Tobago Securities and Exchange Commission (TTSEC) is charged with reviewing and investigating all complaints and ‘tips’ received in relation to the securities industry, including, but not limited to, those made against broker-dealers, investment advisers, underwriters, reporting issuers and self-regulatory organisations.

THERE were long lines outside the Central Bank in Port of Spain yesterday, as people rushed to exchange old $100 bills for new polymer notes, on the final day to complete the transaction.