Express Business Filler #1

PRIME Minister Dr Keith Rowley will ring the iconic bell at the Nasdaq Stock Market in New York City today to signify the start of trading.

Nasdaq is the second biggest stock exchange in the world, with about 3,500 companies listed on it. The ringing of the gong is an honour normally bestowed on distinguished visitors and personalities. And the event is expected to be broadcast live on Bloomberg television at 9 a.m.

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THIS WEEK, we at Bourse review the financial performance of Scotiabank Trinidad and Tobago Ltd (SBTT) for its 9-month fiscal period ended July 2019 and Prestige Holdings Ltd (PHL) for its 9-month period ended August 2019. 

AHEAD of Bernard Mitchell’s three-year contract as the chief executive of National Petroleum Marketing Company Ltd (NP) coming to an end, some 488 employees have put their signatures to a letter to Energy Minister Franklin Khan asking that his contract be renewed.

FINANCE Minister Colm Imbert says T&T has received a “favourable” rating from the US credit rating agency Fitch Ratings.

Increases in food prices have been minimal under the People’s National Movement (PNM), with prices going down for certain items in contrast to the large increases under the Kamla Persad-Bissessar administration.

SAGICOR Financial Corporation is paying nothing to CLICO and British American Trinidad to acquire their tradition insurance portfolios, worth over $8 billion, as the regional insurance company is acquiring insurance liabilities that have a greater value that the total investment assets that are to be transferred to Sagicor.