economy

Cabinet gives green light for new $500 million Tobago airport terminal

Finance Minister Clm Imbert has announced that the Cabinet has agreed to begin the construction of a new terminal building for the ANR Robinson Airport in Tobago, by the end of this year.

It's expected to cost $500 million, but the acquisition of property is not included in that figure.

He made the announcement at today's post-Cabinet media conference.

While the current terminal building is located at the start of the runway, the new terminal will be located at the end of the runway.

TTNGL's profits up 30.2%

Trinidad and Tobago NGL Limited’s (TTNGL) Chairman Gerry Brooks has announced another year of positive growth for the company with profit after tax increasing to TT$233.7 million.

This represents a 30.2% improvement over full year 2016 results.

In his statement for the summary financial results for 2017, earnings per share were recorded at $1.51.

Brooks added that these earnings are the consequence of a series of deliberate initiatives at Phoenix Park Gas Processors Limited (PPGPL) which have enhanced performance and shareholder value.

MV Britannia on 7th call to Tobago this season

The cruise ship MV Britannia has made its 7th and final call for the current cruise season to Tobago today, with 3,553 passengers on board.

The MV Britannia is the largest ship in P&O Cruises’ UK fleet with a capacity for 4,324 passengers and 1,398 crew members.

It made its maiden voyage to the island on December 14, 2017, and has brought 24,269 passengers to Tobago for the entire season.

EOG to ramp up production in T&T

Prime Minister Dr the Honourable Keith Rowley has met with a high-level delegation from EOG Resources at the Office of the Prime Minister, St Clair,.

The Office of the Prime Minister said the meeting was a follow-up to the Prime Minister’s visit to Houston last March, where he met with Chairman and CEO of EOG Resources, William Thomas and other executives at the energy company’s headquarters.
 
On this occasion William Thomas indicated to the Prime Minister that EOG was moving apace to ramp up production and they remain focussed on Trinidad and Tobago.

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