LOCAL investors will once again get the opportunity to trade a US dollar equity when MPC Caribbean Clean Energy Ltd lists and begins trading tomorrow on the Trinidad and Tobago Stock Exchange.

MPC Caribbean Clean Energy Ltd was formed to facilitate and participate in the renewable energy project investments of MPC Caribbean Clean Energy Fund LLC in Jamaica, Trinidad and Tobago, and the wider Caribbean region.

The company will only invest in the fund, which is one of only a few infrastructure investment funds specialising in clean energy in the Caribbean and has the potential to provide an attractive investment opportunity for both institutional and private investors, according to a company release last month.

RECOMMENDED FOR YOU

THE Confederation of Regional Business Chambers says, while it’s commendable the Central Bank is making it easier for financial institutions to reintroduce loan deferrals and interest rate reductions for customers, it’s unclear how the interest rate reduction will be applied.

The Central Bank is making it easier for financial institutions to reintroduce loan deferrals and interest rate reductions for customers who are facing hardships as a result new measures introduced as a result of the spike in Covid-19 cases and deaths.

RUM and bitters producer, Angostura Holdings Ltd, yesterday reported a 45.5 per cent increase in its after-tax profit, for the first quarter of its 2021 financial year.

Angostura profit for the period ending March 31, 2021, was $19.06 million, which was 45.5 per cent higher than the $13.09 million the Laventille-based manufacturer reported for the same period in 2020.

MAJORITY State-owned National Flour Mills (NFM) yesterday reported a 62.4 per cent decline in its after-tax profits for the first quarter of its 2021 financial.

NFM’s after-tax profit for the three months ended March 31, 2021 totalled $2.63 million, down from $7.01 million the grain miller reported in 2021.

WEST INDIAN Tobacco recorded after-tax profit of $91.4 million for the first three months of its 2021 financial year, which was 12.8 per cent lower than for the same period in 2020.

COVID-19 has negatively affected many industries but over the past year the real estate industry has seen an uptick in activity, mostly in residential properties below $3 million, and some commercial properties.