Business Watch: Magdalena Grand records millions in losses

Having recorded millions of dollars in losses, the performance of the Magdalena grand hotel in Tobago is being described as a heavy burden on the tax-payers of this country.

E-teck tells a joint select committee that low occupancy over the past couple years is now affecting its own profitability. Its president admits the situation is further worsened by the collapse of the sea and air bridge.

Reporter Ria Rambally has more in tonight's business watch.

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