HANGING ON: Commuters ride on a cargo truck used for public transport in Valencia, Venezuela, on July 11. –Photo: REUTERS

ON a recent afternoon, a crowd of hundreds massed on the pavement outside an exit from the subway in the central Venezuelan city of Valencia.

But when a flatbed truck previously used to transport water bottles pulled up nearby, a ruthless scramble kicked off with pregnant women, parents holding toddlers and elderly Venezuelans all jostling to get themselves aboard.

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FACED with a sharp decline in profits, the publicly-traded Endeavour Holdings Ltd (EHL) reached out to majority State-owed First Citizens to rearrange the terms of a $400 million bond “in order to assist in the preservation of its cash flow”.

Amalgamated Security Services director, John Aboud and property developer, Anthony Rahael, are the main shareholders of Endeavour Holdings, which was listed as an SME (Small and Medium Enterprise) on the Trinidad and Tobago Stock Exchange on December 12, 2019. Aboud and Rahael together indirectly own 59 per cent of Endeavour ABRA Holdings, which owns 97.32 per cent of the public company.

AFTER two months of the ban on the sale of alcohol at restaurants that offer in-house dining, restaurateurs are hopeful that sale of alcohol can resume as their revenue has been cut by between 40 and 70 per cent.

United National Congress (UNC) members at the Tunapuna/Piarco Regional Corporation are condemning a price hike in fees at the Corporation, saying it is heartless and wrong to increase cost during a pandemic.

Some of the fees for services such as obtaining a food badge has increased from $40 to $100.

TWO foreign yacht owners are appealing to the Government to relax its border restrictions an…

Finance Minister Colm Imbert said yesterday that “most of the teething problems” associated with the rollout of the Asycuda Version Four 2.2.4 system have been resolved.

There had been complaints from shipping companies that the new system, meant to improve the process by which cargo is cleared at Customs and Excise, had instead crippled the process.

Internet access is no longer a luxury or an idle pursuit to follow mediocre social media content,” says Kurleigh Prescod, country manager, Flow Trinidad.

Speaking last Friday at the launch of a new Flow retail centre at Gulf City Mall, La Romaine, Prescod said internet access “is the unofficial public utility, a necessary for our routines, a must have for SMEs and other businesses, a connection for transactions and discussions that do not include finance. Connectivity is basically… life”.