Business

ECA: Employers have no obligation to pay workers who are absent on Friday

The Employers' Consultative Association (ECA) is reminding citizens that employers have no obligation under law to pay workers who stay away from work on Friday. 

The ECA says citizens must be mindful that a national shutdown, even for a short period, can impact this country's ability to compete globally.

The ECA issued the following statement on Tuesday.

"It is no secret that our nation continues to face tough economic times.

NIF bonds now listed on Stock Exchange

The National Investment Fund Holding Company Limited has been listed on the Trinidad & Tobago Stock Exchange.

The NIF bond, which the Government reported had raised $4 billion, was oversubscribed after it was offered to public in July. Following today's ceremony it was placed on the stock bond market of the TTSE.
This listing allows the opportunity for those who failed get their hands on the NIF bonds during the public offering a second chance to obtain them.

However, this will depend on the willingness of the current owners of the bonds to sell them so early on.

Chamber condemns OWTU's "irresponsible" call to mobilise

The Chamber of Industry and Commerce is calling on citizens all Petrotrin stakeholders to adopt a level-headed approach and work collaboratively for a successful way forward.

The Chamber said in a statement Monday that it deems the call by the president of the Oilfields Workers Trade Union (OWTU), a retrograde step that may simply serve to undermine the economy, and ultimately harm the very persons it is intended to help.

Trade mission seeks to strengthen ties with Colombia

Minister of Trade and Industry, Paula Gopee-Scoon will lead a delegation of 10 private sector companies along with senior executives of the Trinidad and Tobago Manufacturers’ Association (TTMA) and state enterprise exporTT Limited on a Trade Mission to Colombia from September 2-6, 2018. 

The ministry says the thrust of the mission is in alignment with specific initiatives outlined in the Government Policy Framework to rebuild growth and sustain the manufacturing sector.

Children's Homes get over $150,000 in school supplies from TSTT staff

Over 140 students from 13 Children’s Homes throughout Trinidad and Tobago are now fully equipped for the dawning academic year having received a full complement of back-to-school supplies courtesy a host of TSTT employees.

The bmobile Foundation 2018 Book Buddies Programme culminated at TSTT’s Head Office on Edward Street, Port-of-Spain, on Tuesday, when several Children’s Homes were presented with overflowing packages of book bags, stationery, textbooks and craft equipment, all courtesy staff at TSTT.

Bird strike forces Caribbean Airlines flight to return to T&T

Caribbean Airlines says a bird strike occurred with one of its Boeing 737-800 aircraft operating flight BW 552 bound for JFK International Airport, New York from Argyle International Airport, St Vincent, on Wednesday.

In a statement issued on Thursday, CAL says the flight crew followed the standard operating procedures and the aircraft returned safely to Piarco International Airport, Trinidad, where it was taken out of service for maintenance by the airline’s engineers.

It says no emergency landing was declared.

Chamber: Petrotrin board on the right path

The Trinidad and Tobago Chamber of Industry and Commerce says it supports the board of Petrotrin in its mandate to ensure that the organisation reinvents and repositions itself to become a competitive, self-sustaining entity.

In a statement issued on Wednesday, the Chamber said that in doing so, it believes that the company is on the right path to fulfilling its obligations to the State, and towards financing its own business requirements.

Pages