Business

New Atlantic CEO: T&T still has LNG advantage

New Atlantic CEO Dr Philip Mshelbila says T&T’s competitive advantage in LNG will allow it to continue capitalizing on opportunities in the global LNG business.

Speaking at the LNG production company’s 10th annual CEO’s Awards event at the Hyatt Regency, Dr Mshelbila explained that T&T as a world class player in the LNG industry has benefited from the foresight of establishing a flourishing midstream and downstream gas sector over the last 20 years. “Many other resource-rich countries simply focused on the upstream,” Dr Mshelbila said.

Massy Stores distributes reusable bags to customers

Hundreds of reusable bags from Massy Stores were distributed to motorists and pedestrians by Massy Stores’ Chief Executive Officer, Derek Winford at Massy Stores, Maraval during the peak drive time period on Tuesday - World Environment Day.

The reusable bags are part of Massy Stores thrust to “Get to Green” which limits the amount of plastic in usage at its grocery chain across the region.

Scotiabank's half-year profit drops to $309 million

Scotiabank Trinidad and Tobago Ltd (Scotiabank) today reported income after taxation of $309 million for the six months ended 30 April 2018, a decrease of $24 million or 7% over the comparative period last year.

The bank says this reduction in profitability was mainly due to increased corporation tax rates levied on commercial banks at 35%, combined with higher levels of loan loss provisioning.

Bureau of Standards to ensure you get what you pay for at fuel pumps

The Trinidad and Tobago Bureau of Standards (TTBS) has started a fuel verification exercise to ensure that consumers get value for money at the gas station pumps.

The activity which commenced on June 4 at the UNIPET service station in Brentwood Chaguanas involves the verification of each dispenser to guarantee that the amount of fuel distributed at each pump reflects the amount paid for by the consumer.

Each verified pump will be labelled with a sticker and the location certified by the TTBS with verification checks recurring every six months.

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