Digicel raises rates

Digicel has raised its prices on some of its offerings effective August 15, 2019. In a response to questions by Guardian Media, the company said: “...due to higher programming costs, it became necessary to adjust the prices on some of the packages, which only directly affects around five per cent of our customer base.”

The telecommunications company continued: “Obtaining maximum value is important to our customers, and the company, therefore, works diligently to keep costs under control.” 

Economy did not hurt ANSA McAl results

Nor­man Sab­ga, Chair­man of the Ansa McAL Group of Com­pa­nies is at­tribut­ing the Group’s re­sults for the first half of the fi­nan­cial year to its in­ter­nal op­er­a­tions and not the macro econ­o­my.

CAL uses jets to clear Tobago backlog

Caribbean Airlines says it has intervened to transport passengers with confirmed tickets at the ANR Robinson Airport in Tobago, after a disruption of service on the domestic airbridge on Sunday.

The airline said in a statement that is has consolidated and rescheduled some of its services on the domestic air bridge for today. 

It says that as a matter of priority, all passengers holding confirmed bookings for August 4 and August 5, have been fully accommodated. 

RBL hit with technological issues

Republic Bank Limited has been hit with a technological problem that is affecting its customer transactions, including mobile and Internet banking.

Managing director Nigel Baptiste confirmed the situation this afternoon as he apologised to all the bank's customers for the situation.

The problem first occurred this morning resulting in transactions at the bank's branches being slowed and causing long lines.

"There was an error that resulted in the system first gradually slowing down and then eventually being non-responsive," Baptiste told the T&T Guardian.

Digicel T&T remains financially stable

Dig­i­cel T&T is not in fi­nan­cial trou­ble and no re­struc­tur­ing of the com­pa­ny is con­tem­plat­ed at this point in time.

That’s the re­sponse from the com­pa­ny’s cor­po­rate com­mu­ni­ca­tions man­ag­er, Pen­ny Gomez, who told the Sun­day Busi­ness Guardian, that Dig­i­cel’s Caribbean op­er­a­tions re­main sol­id and in­tact.

Dig­i­cel has been in the news re­cent­ly with an ar­ti­cle in the Irish Times rais­ing con­cerns about its fi­nan­cial sta­bil­i­ty and doubts on the op­er­a­tions of Dig­i­cel and its fu­ture prospects in the re­gion.

Tourism Trinidad appoints acting CEO

Heidi Alert has been appointed to act as Chief Executive Officer Tourism Trinidad Limited (TTL) with immediate effect. 

According to a release from TTL Alert will report to the Chairman of the Board,  Janelle Commissiong and will be responsible for managing the day-to-day operations of the company. 

Alert currently functions as the Manager, Destination Development at the company and according to the TTL release with the new appointment, Alert will now manage both portfolios, until a new CEO is installed.

Huawei announces new T&T CEO

Huawei Technologies T&T has announced the appointment of Mr. Jeff Jin as the Chief Executive Officer for its operations in Trinidad and Tobago, with immediate effect.

Jin takes over the job of spearheading the Huawei T&T team with responsibility for overseeing strategic growth, development and overall operations for all of Trinidad and Tobago and the Eastern Caribbean, with a range of focus including the Huawei network, enterprise and device business groups.

Moody's predicts growth in next two years

Moody’s Investors Service has predicted that the T&T economy will grow in the next two years but says economic diversification remains weak.

The report said that although growth is expected institutional shortcomings are present in the country and ineffective policy-making institutions are constraining the country’s credit rating. 

Moody's said: "Although full-year data is not yet available, short-term indicators suggest that after almost a decade of stagnation, the economy returned to growth in 2018. We expect economic growth to be around 1.5%-2.5% in 2019-20.”