Justice Adrian Saunders

LED RULING: Justice Adrian Saunders, president of the Caribbean Court of Justice.

Trinidad and Tobago Manufacturers’ Association (TTMA) is slamming a recent Caribbean Court of Justice (CCJ) ruling on tariffs.

The CCJ ruling to uphold the Council for Trade and Economic Development’s (COTED’s) decision that imported cement can be classified as “Other Hydraulic Cement” and not “Building Cement Grey” has jeopardised the local cement manufacturers’ competitiveness in the Caricom region, the TTMA said in a media release yesterday.

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This ruling has essentially allowed a more advantageous classification for imported cement, with a tariff of 0-5 per cent applied to “Hydraulic Cement”. As opposed to the 15 per cent tariff applied to the “Building Cement Grey” classification, which the imported cement meets the specifications of, it added.

The ruling last week Tuesday settled the dispute as to whether Rock Hard Cement ought to be classified as “building cement (grey)” and be charged a Caricom tax of 15 per cent when imported into the region, or as “other hydraulic cement” in which case another levy would be payable.


This week, we at Bourse take a look at the financial performance of two major players in the Non-Banking Finance sector: Sagicor Financial Corporation Limited (SFC) and Guardian Holdings Limited (GHL), for the six-month period ended June 30th, 2019. 

LAST week saw 1,346,042 shares traded on first tier market, a decrease of 14.24 per cent on the previous week’s total of 1,569,519 shares crossing the floor. The value of the shares traded was up by 15.62 per cent to $14,347,690.73 from the previous week’s value of $12,409,110.29.

Thanks but no thanks. Wheel and come again. This is the message president of the Public Services Association Watson Duke has sent to UNC political leader Kamla Persad Bissessar, who on Tuesday called for unity with the trade union movement, ahead of next year’s general election.

THE Chief Executive Officer of the Heritage Petroleum Company Mike Wylie has taken leave of absence from the job on medical grounds. This was confirmed by chairman of Trinidad Petroleum Holdings Company (TPH) Wilfred Espinet, who said the CEO was on sick leave.