Thackwray “Dax” Driver

Finance Minister Colm Imbert, centre, gets introduced to Tobago Gas’s product at the T&T Energy Conference & Tradeshow 2017 held at Hyatt Regency, Port of Spain. Others in the photograph include Energy Chamber CEO Thackwray “Dax” Driver, left, BHP T&T’s president Vincent Pereira, second from left, and former regional president of BPTT, Norman Christie (partly hidden)

A TOBAGO-based company is proposing to supply and deliver liquefied petroleum gas (LPG), or cooking gas, to Tobago, through a more modern method known as a virtual pipeline.

According to executive chairman of Tobago Gas Distributors Ltd, Amin Gustave, the virtual pipeline concept was created to distribute LPG to places where the physical or economic conditions deem the installation of a real pipeline infeasible.

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This week, we at Bourse review the financial performance of MASSY Holdings Ltd (MASSY) for the year ended on September 30, 2019.

MASSY Holdings Ltd (MASSY)

MASSY Holdings Ltd (MASSY) reported a Basic Earnings per Share (EPS) of $5.76 for the full year ended September 30, 2019, an 8.3 per cent improvement over the reported 2018 figure of $5.32. Group Revenue remained relatively flat, increasing to $11.6b for 2019 (up 0.4 per cent). 

FINANCE Minister Colm Imbert is assuring that the Office of Procurement Regulation would still have the power to investigate government-to-government arrangements after Government makes “slight” amendments to Section 7 of the Public Procurement and Disposal of Public Property Act next month.

A CALL has been made for Government to take immediate action on campaign finance reform and implementing the public procurement legislation.

Without these two pieces of legislation, says the Trinidad and Tobago Transparency Institute (TTTI), this country’s scoring on the Corruption Perception Index (CPI) will remain stagnant.

Publicly listed TTNGL’s profits declined last year because the international prices of its three products—natural gas liquids propane, butane and natural gasoline—have tumbled, said Dominic Rampersad, president of Phoenix Park Gas Processors Ltd (PPGPL) yesterday.