economy

Energy minister: Dragon will dance

Trinidad and Tobago is likely to develop all of the 10 trillion cubic feet of natural gas in the Loran and Manatee gas fields, according to Energy Minister Franklyn Khan.

Speaking at the Hyatt Regency on Tuesday, on the second day of the Energy Chamber's 2020 Energy Conference, Khan said while the agreement is to independently develop the Manatee and Loran fields, it was logical to assume that once first gas comes to T&T, then the Venezuelans also are likely to allow the resources in Loran to be produced here, as well.

Darbasie: Securities market compliance systems working

The Group CEO of First Citizens Bank, Karen Darbasie has indicated that compliance systems in the securities market in T&T are functioning effectively.

This comes after reports that Subhas Ramkhelawan and his company, Bourse Securities, agreed to pay $1.3 million to the T&T Securities and Exchange Commission (TTSEC) for its contravening role in the First Citizens Initial Public Offering (IPO).

In an interview with Darbasie, the bank CEO told Guardian Media that she thinks the notice is ”an indication that the regulation of the markets is working”.

US sanctions force T&T and Venezuela to tear up gas agreement

Prime Minister Dr Keith Rowley has announced that Trinidad and Tobago and Venezuela have rescinded their agreement to jointly exploit 10 trillion cubic feet of natural gas in the Loran Manatee field and would instead develop it independently.

Rowley said the continued US sanctions on the Bolivarian Republic had made it all but impossible to jointly develop the gas and as a result, the two countries will go independently.

Business community committed to helping end crime crisis

The Chief Executive of the Trinidad and Tobago Chamber of Industry and Commerce says the country needs all hands on deck to deal with the crime crisis.

Gabriel Faria says almost every citizen believes there is a crisis and that something must be done to take back T&T from the hands of criminals.

According to Mr Faria, Team Trinidad and Tobago needs all her players focussing on ending the crime scourge.

“Unless we all have a congruence of goals, we cannot fight the criminal elements in Trinidad and Tobago,” he says.

Chambers & Business Leaders set to collaborate with Tourism Trinidad

Tourism Trinidad Limited recently marked the beginning of a ground-breaking collaboration with Trinidad’s business leaders, with the hosting of a Business Engagement Session with over fifteen (15) business chambers.

The meeting took place on Tuesday January 14 2020, at the Conference Room Level 18, Tower D International Waterfront Centre, Port of Spain.

Opposition Leader shares economic vision in New Year’s message

The opposition United National Congress (UNC) is hoping to win the hearts and minds of the electorate in 2020, with a plan it says will generate as many as 50,000 jobs.

In her New Year’s Address to the Nation, UNC Political Leader, Kamla Persad-Bissessar, points to her party's National Economic Transformation Masterplan, which proposes 12 Key Strategic Prosperity Engines.

Annisette: Labour wants genuine engagement with Government

General Secretary of the National Trade Union Centre (NATUC), Michael Anisette, believes Government’s efforts to decriminalise marijuana should have been put behind the labour movement.

Speaking on CNC3's The Morning Brew, today, Anisette said the working class does not see such haste and commitment when it comes to their issues.

“Where is the haste to implement that kind of legislation that will protect the working class?” he asks.  “But within weeks we have legislation passed for marijuana.”

Economist: Diversification absolutely imperative in next decade

Economist Dr Indera Sagewan says diversifying the Trinidad and Tobago economy beyond oil and gas, has become an absolute imperative in the next decade.

As she looked ahead to 2020 and beyond, Dr Sagewan warns that an over-reliance on any one particular sector can no longer continue.

She notes that the political administrations which governed over the past decade did make a start at diversification, but those efforts have not borne fruit, nor did they get the kind of support they needed.

CRBC businesses concerned over sales dip

This isn't the season to be jolly for retailers, as business chambers across the country are reporting a dip in sales this Christmas season.

The Confederation of Regional Business Chambers (CRBC) believes there are many factors which may have contributed to this decline.

CRBC Coordinator, Jai Leladharsingh, says this Christmas season has recorded a less than satisfactory level of sales.

In South Trinidad, Leladharsingh says sales have dropped significantly. He believes there are a number of factors which may have contributed to this...

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