Express Business Filler #1

OVERALL market activity resulted from trading in 14 securities of which three advanced, two declined and nine traded firm. Trading activity on the first tier market registered a volume of 239,931 shares crossing the floor of the Exchange valued at $2,537,479.85.

* The Composite Index advanced by 0.40 points (0.03 per cent) to close at 1,405.18. * The All T&T Index declined by 0.06 points (0.00 per cent) to close at 1,747.16. * The Cross Listed Index advanced by 0.12 points (0.08 per cent) to close at 144.15.

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AGREEMENT has been reached between Minister of Finance Colm Imbert and the T&T Chamber of Industry and Commerce that will allow local businesses to get cash for the billions of dollars in Value-Added Tax refunds owed to them by the end of next month.

HIGH fuel costs and traffic congestion are causing more people to purchase motorcycles for travelling short distances.

AFTER deliberating on the First Citizens Initial Public Offering (IPO) for more than 19 months, Director of Public Prosecutions, Roger Gaspard, concluded that there was “insufficient evidence” from an investigation conducted internally by a team from the Trinidad and Tobago Securities and Exchange Commission (TTSEC) “for a realistic prospect of conviction for any offence under the Securities Act Chapter 83.02.”

SOME 50 exporters across 13 sectors have received about US$21 million to purchase raw materials and other inputs, in the facility established by the Government and executed by T&T’s EXIMBank to ease access to foreign exchange.

REGULATORY compliance is essential to the orderly functioning of the securities market. Registrants registered with the Commission should establish effective policies, operational procedures and controls in relation to their day-to-day business activities in order to ensure compliance with all relevant regulatory and legal requirements.