Express Business Filler #1

DECISIONS to increase or implement new taxes are often met with protest and objection. But Port of Spain businesses are actually asking to be taxed.

President of the Downtown Owners and Merchants Association (DOMA) is advocating for businesses to contribute to the government’s drive to “revitalise” Port of Spain. Aboud was speaking during a consultation on the development of a Port of Spain “master plan” held at the Government Campus Plaza on Wednesday night.

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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.