Author: Andrew Gioannetti

THE Co-operative Credit Union League of Trinidad and Tobago (CCULTT) signed two memorandums of understanding (MoUs) with the Telecommunications Service of Trinidad and Tobago (TSTT) and the Trinidad and Tobago International Financial Centre (TTIFC). The agreements are designed to accelerate digital transformation and financial inclusion within the credit union sector. The MoUs were cemented at […]

INSURANCE giant Sagicor has bolstered its operations in TT, opening two new branches and appointing experienced managers to lead them. In a release, Sagicor said this latest expansion increases the company’s local branch network to six. Industry veterans Marc Aanensen and Wayne Griffith will helm the new branches at Sagicor’s Queens’ Park, Port of Spain […]

THE MASSY Group has boasted its second consecutive year of record-breaking financial performance and a six per cent increase in dividend payout. The group issued a public announcement in the Newsday (page 6) on January 16, a day after its 101st annual general meeting (AGM) at the Hilton Trinidad, St Ann’s, highlighting its highest-ever revenue […]

ENERGY giant bpTT says it is unable to share detailed information on the potential consequences of bp’s global restructuring process on its local operations. Responding to questions on the company’s lower profit margins and job cuts, bpTT in a brief statement to Newsday on January 16 said, “The job cuts announced recently by bp are […]

SEVERAL business chambers across Trinidad and Tobago have cautiously welcomed President Christine Kangaloo’s declaration of a state of emergency (SoE) on December 30. Some have lauded what they see as a measured declaration, especially one without restrictions on gatherings or a curfew, which accompanied previous SoE orders. They thanked the authorities for balancing public safety, […]

THE Chaguanas Chamber of Commerce wants the Minister of Finance to extend the property tax amnesty deadline by a week because of administrative disruptions expected from the state of emergency (SoE) imposed on December 30. “With the declaration of the state of emergency (SoE) and the Ministry of Finance’s half-day closure, there is growing concern […]

STATE-CONTROLLED  investment company National Enterprises Ltd (NEL) has reported a net loss of $348.7 million for the financial year ended September 30, 2024. While substantial, this represents a 23 per cent improvement from the $455.1 million loss recorded in 2023. Chairman Ingrid Lashley celebrated the progress amid difficult conditions. “This $106.4 million variance underscores our […]

Three inmates at the Port of Spain prison have been charged with having prohibited items in their cells following searches by police and prison officers. On November 26 and 27, a co-ordinated search by prison and police officers uncovered a range of illegal items including two cellphones. Officers also found a quantity of marijuana, cigarettes, […]

Police seized three guns and several rounds of ammunition during operations across multiple divisions between December 20 and the early hours of December 21. In an anti-crime exercise in Morvant, officers from various units, including the Inter-Agency Task Force and the K9 Unit, were on patrol along Cipriani Avenue when they spotted a man holding […]

THE National Gas Company of TT (NGC) has reported achieving “100 per cent compliance” with the statutory filing requirements under the Integrity in Public Life Act. The company’s chairman, Joseph Ishmael Khan, received a certificate from the Integrity Commission on December 19 recognising the company’s adherence to the Act. NGC’s board of directors completed and […]