Business

Petrotrin investigating source of odours in Point Fortin

Petrotrin says its officials, along with other stakeholders, are continuing investigations into reports of the presence of strong odours at different locations in Point Fortin.

A statement by the state oil company says that upon receiving initial reports, the company’s emergency responders visited the identified areas and conducted air quality testing and monitoring.

It says inspections of the company’s infrastructure in the area, particularly its pipeline network, were also undertaken.

However, no leaks have been detected.

Imbert: US$1.25 billion spent on credit card purchases last year

Finance Minister Colm Imbert has told the House of Representatives that the credit card purchases originating in Trinidad and Tobago, consumed US$1.2 billion in 2017.

A further US$1.8 billion dollars was injected by the Central Bank to buffer the TT dollar to the US dollar exchange rate.

The breakdown is as follows:

Credit Card Purchases in 2017:

January - US$108.5 million

February - US$70.5 million

March - US$94.1 million

April - US$68.3 million

May - US$100.5 million

June - US$90.4 million

July - US$101.6 million

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