Business

Chamber welcomes Budget measures

The Chamber of Industry and Commerce has welcomed the measures announced the 2019 Budget by Finance Minister Colm Imbert.

The Chamber says it is satisfied that the minister adopted some of its recommendations.

The following is the Chamber's response to the Budget.

"Following the delivery of the National Budget 2018/2019 this afternoon the Trinidad and Tobago Chamber of Industry and Commerce wishes to note the Minister of Finance’s positive and ambitious plans for the next fiscal year and beyond.

Pundit seeks to get back money paid for brand new vehicle

A Hindu pundit who bought a brand new Audi Q-7 SUV for over $670,000 from a car company two years ago, is seeking to get his money back.

In a pre-action protocol letter sent by his attorney Prem Persad Maharaj, Ramakrishna Persad of Waterloo Road, Perseverance Village Couva challenged Southern Sales and Service Company to refund him in full saying the vehicle sold to him was defective.

The purchase was made in July 2016, but it was on September 15 that same year he got finally possession of the SUV.

Persad said the vehicle is now parked up because of the defects.

WASA $91m a month wage shocker

At a time when the coun­try is en­grossed in the pos­si­ble fall­out of the Petrotrin re­fin­ery clo­sure, comes word that month­ly salaries at the state-run Wa­ter and Sewage Au­thor­i­ty (WASA) run at more than $91 mil­lion. This pays some 5,150 per­ma­nent em­ploy­ees and means in one year the au­thor­i­ty spends over $1.1 bil­lion in salaries alone.

WASA chair­man Rom­ney Thomas gave those fig­ures in re­sponse to ques­tions from the Sun­day Guardian about the au­thor­i­ty’s wage bill.

“Av­er­age month­ly salary and wages $91.475m,” Thomas wrote via What­sapp.

Espinet: No fuel shortage after refinery closure

Petrotrin chair­man Wil­fred Es­pinet is as­sur­ing there are ad­e­quate fu­el sup­plies to meet the needs of the pop­u­la­tion and there is no need to pan­ic. The Petrotrin re­fin­ery, he said, will con­tin­ue to pro­duce for some time yet and in ad­di­tion, he said short-term arrange­ments will be en­tered in­to to en­sure con­ti­nu­ity in sup­plies.

Speak­ing to the T&T Guardian on the is­sue yes­ter­day, Es­pinet as­sured there is no mad scram­ble to find a sup­pli­er for fu­el when the Petrotrin re­fin­ery is shut down.

Petrotrin confirms refinery closure on November 30 despite new proposal by union

Petrotrin says that its board of directors met on Thursday with the Oilfields Workers’ Trade Union (OWTU) in a follow-up to a meeting last week when the union presented, for the board’s review, the OWTU’s plan to restructure Petrotrin.

A statement by the company says that in addition to the restructuring plan, the union had also tabled a proposal for leasing the Pointe-a-Pierre refinery.

Petrotrin says yesterday’s meeting took place at the Petrotrin’s Pointe-a-Pierre Staff Club and lasted approximately two hours.

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