Business

Sweetheart Package - Highlights of 2020 Budget

Finance Minister Colm Imbert read the 2020 Budget in the House of Representatives Monday.

The theme of the 2020 Budget was 'Stability, Strength and Growth'.

The Minister announced an estimated revenue of $47.749 billion and total expenditure of $53.036 billion, resulting in a fiscal deficit of $5.287 billion.

The budget was based on a projected oil price of US$60 and a gas price of US$3 per MMBtu.

Rowley: T&T is an important part of US economy

The Trinidad and To­ba­go na­tion­al flag flew on the Nas­daq board to­day in Times Square, New York City as Prime Min­is­ter Dr Kei­th Row­ley rang the bell to start the trad­ing day.

Row­ley used the op­por­tu­ni­ty to in­vite every­one to vis­it T&T as he laud­ed our choco­late, mu­sic, and pitch lake.

Scotiabank records half a billion in income

Sco­tia­bank Trinidad and To­ba­go has so far record­ed an in­come af­ter tax­a­tion of over half a bil­lion dol­lars for the fi­nan­cial year 2019, the com­pa­ny’s unau­dit­ed fi­nan­cial re­sults have stat­ed.

“Year to date in­come af­ter tax­a­tion was $524 mil­lion, an in­crease of $40 mil­lion or eight per cent over the same pe­ri­od last year.

Agostini Ltd subsidiary sends home 33 workers

Vem­bev, the com­pa­ny that dis­trib­utes Pep­si and oth­er bev­er­ages Ocean Spray, has been closed down and 33 em­ploy­ees sent home.

The de­ci­sion to close the com­pa­ny and get rid of 40 per cent of staff was made al­though its par­ent com­pa­ny, Agos­ti­ni Lim­it­ed, earned in ex­cess of $120 mil­lion in prof­its for the first nine months of the fis­cal year.

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