Express Business Filler #1

SOME nine Caribbean countries are among a group of 27 Small Island Developing States (SIDS) that are expected to benefit from US$21 million to assist in managing and eliminating toxic chemicals and wastes.

So said Ministry of Planning and Development Permanent Secretary, Joanne Deoraj, while delivering the feature address at the launch of the “Inception Meeting for the Programme - Implementing Sustainable Low and Non-Chemical Development in SIDS).” She said the global chemical industry exceeded US$5 trillion.

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“The usage of chemicals and materials like plastics has become so ubiquitous in our daily lives, and across so many sectors, that sadly we often take for granted the negative externalities of their by-products and wastes and the serious threats they pose to human health and the environment,” said Deoraj.

A release from the Planning Ministry yesterday stated also said: “US$21 million will be allocated by the Global Environment Facility (GEF) to fund the planning and implementation of the Caribbean activities under the Programme including the collection of baseline information and the identification of country needs. The successful development and implementation of this programme will support an integrated regional approach to protecting health and the environment from the negative effects associated with releases and emissions of toxic waste and chemicals.”


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.

CLICO has not made a current, formal offer to sell its Methanol Holdings International Ltd (MHIL) shares to the methanol producer’s minority shareholder, Consolidated Energy Ltd.

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.

IT IS one of the most incentivised sectors, yet T&T’s agriculture industry isn’t attracting new farmers. Furthermore, food production has not increased. Last week, in delivering his 2020 budget, Finance Minister Colm Imbert said the Government would remove all taxes and duties on inputs for the industry.

The United States independent company, Apache, has drilled a wildcat on Suriname’s block 58, probing a prospect considered to be closely on trend with one of the 14 discoveries made by US major, ExxonMobil, in neighbouring Guyana.

WITH business booming in Guyana since its multiple oil discoveries, local energy sector service companies have wasted no time in setting up branches there. . “Companies offering taxi services, for instance, are booming,” says Javed Razack, a geophysicist, employed as a director of contracts and proposals with Ramps Logistics Ltd.