Business

Syndicate content
Updated: 1 day 36 min ago

GHL leads trading but closes lower

Wed, 2013-05-08 22:29
Thursday, May 9, 2013

Overall market activity resulted from trading in 15 securities of which seven advanced, three declined and five traded firm. Trading activity on the First Tier Market registered a volume of 796,889

Antigua headache for new trade negotiator

Wed, 2013-05-08 22:28
Thursday, May 9, 2013

WASHINGTON DC—A major United States publication says Antigua and Barbuda will be a “Caribbean headache” for President Barack Obama’s new nominee of chief trade negotiator - Michael

JMMB to acquire T&T’s IBL Bank

Wed, 2013-05-08 22:26
Thursday, May 9, 2013Krishna Boodhai, managing director and CEO of Intercommercial Bank, third left, cuts the ribbon to officially open the bank’s Tunapuna Branch. Assisting Boodhai are, from left, Donna Duncan-Scott, executive director, JMMB Group; Gary Awai, deputy CEO, IBL Bank, Vishnu Bholaisingh, Branch Manager, IBL Bank, Tunapuna; Prakash Ramadhar, MP for St Augustine and Minister of Legal Affairs; and Khadijah Ameen, chairman, Tunapuna/Piarco Regional Corporation. PHOTO: ANDRE ALEXANDER

Jamaica Money Market Brokers (JMMB) will be acquiring 100 per cent of Intercommercial Bank Limited (IBL) in the near future. The result will be a much larger Caribbean financial institution providi

New CPA certification coming to Caribbean

Wed, 2013-05-08 22:18
Thursday, May 9, 2013

Halifax—Building on the momentum of Canada’s newly created Chartered Professional Accountants (CPA) designation, it was announced that the regional office for Certified Management

New company to succeed Clico

Tue, 2013-05-07 20:59
Sascha WilsonWednesday, May 8, 2013

A new company is being created to succeed collapsed financial giant Colonial Life Insurance Company (Clico).

Central Bank sticks to 2.5% growth forecast

Tue, 2013-05-07 20:58
Raphael John-LallWednesday, May 8, 2013Central Bank Governor Jwala Rambarran speaks to reporters after presenting the bank’s Monetary Report for April 2013 yesterday. PHOTO: ABRAHAM DIAZ

Central Bank Governor Jwala Rambarran is sticking to his forecast of 2.5 per cent growth for T&T this year, although he said there are risks that could change that

Diplomats: Brazil wins race for next WTO director

Tue, 2013-05-07 20:56
Wednesday, May 8, 2013

GENEVA—The World Trade Organisation has settled on Roberto Azevedo of Brazil, a well-known diplomat and consummate insider in Geneva circles, to serve as its director general for t

Witco shares up to $107.07

Tue, 2013-05-07 20:54
Wednesday, May 8, 2013

Overall market activity resulted from trading in 14 securities of which six advanced, one declined and seven traded firm. 

 

 

TCL records $114.2m earnings for quarter

Tue, 2013-05-07 20:51
Wednesday, May 8, 2013

Trinidad Cement Limited (TCL) has reported a significant improvement in its financial performance with earnings before taxation of $114.2 million for the first quarter of 2013. The cement company’s

Petrocaribe members agree on economic zone

Tue, 2013-05-07 20:50
Wednesday, May 8, 2013

CARACAS—Petrocaribe member states have agreed to create a new economic zone.

NEC adds $27m tugs to marine operations

Mon, 2013-05-06 22:17
SHASTRI BOODANTuesday, May 7, 2013

The National Energy Corporation (NEC) yesterday commissioned two new tugs—the NEC Voyager and NEC Pioneer.

$184 million gateway substation commissioned More power for Port-of-Spain

Mon, 2013-05-06 22:16
Melissa DoughtyTuesday, May 7, 2013TTEC chairman Susilla Ramkissoon-Mark, centre, and Public Utilities Minister Nizam Baksh, right, listen to TTEC assistant general manager (transmission), Zainool Mohammed, left, during a tour of the newly commissioned Gateway 132/33kV Substation at the Powergen plant in Port-of-Spain yesterday. PHOTO: BRIAN NG FATT

Areas such as St, Ann's Belmont, Maraval and Mucurapo will get an improved power supply after the T&T Electricity Commission (T&TEC) yesterday commissioned a $1

Government to raise $1b through bonds

Mon, 2013-05-06 22:00
Tuesday, May 7, 2013

Government plans to raise $1 billion through the issue of a seven-year bond with a coupon rate of 2.6 per cent. The fixed rate bond is due May 21, 2020. In the information memorandum, the Central B

Angostura leads Monday’s trading

Mon, 2013-05-06 21:57
Tuesday, May 7, 2013

Overall market activity resulted from trading in 13 securities of which two advanced, three declined and eight traded firm. Trading activity on the First Tier Market registered a volume of 550,425

OAS team in T&T to review ACF preparations

Mon, 2013-05-06 21:55
Tuesday, May 7, 2013

A technical team from the Organisation of American States (OAS) is currently in T&T to look at this country’s preparations to host the VIII Americas Competitiveness Forum (ACF) in October 2014.

Brands risk image in varying Bangladesh responses

Mon, 2013-05-06 21:53
Tuesday, May 7, 2013Labels of garments made in Bangladesh, India, China, and Pakistan, that were bought at a Wal-Mart store in Atlanta. Global clothing brands involved in Bangladesh's troubled garment industry responded in starkly different ways to the building collapse that killed more than 600 people. AP Photo

MUMBAI—Global clothing brands involved in Bangladesh’s troubled garment industry responded in starkly different ways to the building collapse that killed more than 600 people.

YTEPP praises women for business leadership

Sun, 2013-05-05 22:31
Monday, May 6, 2013Winners of the Repsol Business Plan Competition: Front row, from left, winner Adeine Francis, Donesha Kirton, who placed second, Gaitri Bharat, who was third, with fourth placed Jay Anne Francis and Nigel Forgenie, CEO of YTEPP. Back row from left, Myles Lewis, Corporate Social Investment Analyst at Repsol; Christo Cave, head of business development, YTEPP; Leela Toorcana, Business Development Officer, YTEPP and Cherril Pereira, External Relations Officer, Repsol. Photo: Shastri Boodan

Women have been praised for the leadership roles they take on in their communities and in businesses by Nigel Forgenie, chief executive officer of YTEPP Limited. Forgenie, who was presenting prizes

Central Bank changes after Clico/HCU

Sun, 2013-05-05 22:30
Nadaleen SinghMonday, May 6, 2013De La Rue scholarship winner Natalie Thomas, centre, shows off her certificate of distinction to De La Rue sales director Ruth Euling and Central Bank Governor Jwala Rambarran at the bank’s conference room, Independence Square, Port-of-Spain, yesterday. PHOTO: NICOLE DRAYTON

The Central Bank has made changes to parts of its operations following the conclusion of public hearings in the Clico/HCU Commission of Enquiry. On Thursday, lone commi

Plipdeco’s pre-tax profit up by 21 per cent

Sun, 2013-05-05 22:27
Monday, May 6, 2013

The Point Lisas Industrial Port Development Corporation (Plipdeco) has had a very good 2012 financial year. In first quarter 2013 results, chairman Ian Atherly said compared to 2012, and excluding

Republic Bank Point-a-Pierre branch celebrates six decades

Sun, 2013-05-05 22:22
Monday, May 6, 2013A member of staff presents the branch’s longest standing customer, Ramdeo Ramsaran, with a plaque.

Republic Bank’s branch celebrated its 60th anniversary in April with a Customer Appreciation Day. Customers and staff were treated to refreshments and presented with tokens of appreciation.