Mid-year review: Better days ahead? | Local Business

This week, we consider some of the key takeaways from the 2019 Mid-Year Budget Review, presented by the Minister of Finance last Monday. We also look at select production trends in the energy sector and highlight some of the investment opportunities on the horizon. Economic growth improves According to data from the Central Statistical Office, …

JMMB to own 20% of New Sagicor | Local Business

SAGICOR FINANCIAL announced yesterday that the T&T listed JMMB Group has agreed to invest between US$200 and US$250 million in shares that will result in the Jamaican financial services company owning 20 per cent of New Sagicor. In a statement yesterday, Sagicor said JMMB entered into a subscription agreement with Canada’s Alignvest Acquisition II Corporation …

No slight to BPTT boss, says Imbert | Local Business

BPTT’s Regional President Claire Fitzpatrick says “in all businesses and, indeed, in all organisations, there are many areas of expertise” that are required, just one day after Finance Minister Colm Imbert said in the Parliament she is an auditor and “is not a geologist nor is she a petroleum engineer.” And yesterday, in response to …

Mixed views on budget review | Local Business

The American Chamber of Commerce of Trinidad and Tobago (Amcham T&T) says it is concerned about Government’s move to ramp up expenditure without simultaneous increases in revenue. Amcham was responding to the mid-year budget review presented by Finance Minister Colm Imbert yesterday. Get caught up with news from the news leaderSubscribe now and get access …

Future of Train 1 hangs in balance | Local Business

SINCE LAST Tuesday, the shareholders of Atlantic—Royal Dutch Shell, BPTT, State-owned National Gas Company and China’s sov­er­eign wealth fund, Chi­na In­vest­ment Cor­po­ra­tion—have been meeting to discuss the fate of Train 1, after the companies were informed by BPTT that its natural gas supply to the facility would be impacted beyond 2019 by infilling four dry …