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Local News
CAL Boosts Flights To Dominica
TIC Outgrowing Centre Of Excellence

Since it was launched in 1999, the T&T Manufacturers’ Association’s (TTMA) Trade and Investment Convention (TIC) has generated US$1 billion as of 2024 in trade. This was revealed by TTMA’s president Dale Parson during a sit-down interview on Tuesday. Starting with 15 booths and with only T&T companies, the TIC has evolved over the years, with 330 booths from 15 countries represented as sellers and 27 countries represented as buyers.
Beware Of ‘ Finfluencers’

As financial advice on social media becomes increasingly common, the Trinidad and Tobago Securities and Exchange Commission (TTSEC) is urging the public to be cautious of so-called ‘finfluencers’. These are social media personalities who promote investment content without being registered professionals.
Penal/Debe Chairman To Lead Guaracara Refinery Board

Chairman of the Penal/Debe Regional Corporation Gowtam Maharaj has been appointed the chairman of the board of the State-owned Guaracara Refinery Company Ltd. Maharaj’s appointment comes as Energy Minister Dr Roodal Moonilal announced that the board will oversee the planned restart of the Petrotrin refinery.
Unilever Loses Ice Cream Business

Unilever Caribbean Ltd announced yesterday that its board of directors took a decision on July 1, 2025, to approve the sale and transfer of the local ice cream business. This followed a decision by the Unilever Group to announce its intention to separate its global ice cream business, which includes, among others, the ice cream brands Ben & Jerry’s, Breyers, Klondike, Magnum and Wall’s.
WASA Claims $39M Savings Under New Executive Structure
Touchstone Reports Successful Drilling Of Cascadura-5 Well

Touchstone Exploration Inc has announced the successful drilling of its Cascadura-5 development well (Cas-5), located on the Ortoire block onshore in Trinidad and Tobago. The company holds an 80% operating working interest in the well, with Heritage Petroleum Company Ltd retaining the remaining 20%.
Regional News
Jamaica Removed From EU High-Risk Anti-Money Laundering List

Jamaica and Barbados were on Wednesday removed from the European Union (EU) list of ‘high-risk’ third countries with deficiencies in their anti-money laundering and countering financing of terrorism regimes, a day after Prime Minister Dr Andrew Holness expressed Caricom’s concern that an appeal for the delisting had been lagging for a month.
Full Free Movement By October 1

Four Caribbean countries- Barbados, Belize, St Vincent and the Grenadines, and Dominica-have signalled their intention to allow freedom of movement as of October 1, according to an article published by the Jamaica Observer yesterday. The article also stated that Jamaica’s Prime Minister Dr Andrew Holness has indicated that his country is working towards joining them soon.
Guyana: New Enmore Hospital Seen As Turning Point In Regional Healthcare
Jamaica: Circular Economy Transforms Waste To Wealth

As vibrant colours continue to illuminate various sectors of the global economy, another quiet yet powerful transformation is currently underway — the rise of the circular economy. Anchored on the fundamental principles of eliminating waste and pollution, circulating products and materials, and regenerating nature — this economy is increasingly being recognised as a critical tool for sustainable development.
Digicel Shuts Down Loop News; Plans SportsMax Closure

An undisclosed number of employees have been left jobless following the immediate shutdown of Loop News and the planned closure of SportsMax. However, Antonia Graham, head of group communications at Digicel Group, says the company’s human resources team is actively supporting affected staff through the transition.
Caribbean Region Must Strengthen Institutions, Ties With Global Partners

For the Caribbean region to be competitive in the emerging world and achieve its goals, the region must strengthen its institutions and its ties with global partners. This is according to the newly appointed chairman of the Caribbean Community (CARICOM), Prime Minister of Jamaica Andrew Holness, who made this known during his address at the opening of the 49th Regular meeting of the Conference of Heads of Government in Montego Bay.
‘Vigorous, Urgent Need’ To Strengthen Regional Collaboration, Trade

PRESIDENT Dr. Irfaan Ali has underscored the urgent need to boost intra-regional trade as a driver of economic stability and growth within the Caribbean Community (CARICOM). In a commemoratory message to celebrate CARICOM Day, the president called on member states to harness the region’s collective potential, noting that stronger economic linkages will fortify the region’s resilience amid rising external pressures.
Gonsalves Urges Caribbean To Emulate Use Of Advanced Forensic Scientific Tools
International News
US Bank Profits To Climb On Stronger Trading, Investment Banking

Major U.S. banks are expected to report stronger profits next week, driven by buoyant trading and a modest rebound in investment banking. When JPMorgan Chase, Citigroup and Wells Fargo kick off second-quarter earnings on Tuesday, investors will focus on their outlooks at a time when economic uncertainty over U.S. tariff policies remains high.
Wall St Futures Ease After Nvidia’s $4 Trillion Run; Data, Trade Talks In Focus
Merck Spends $10B For Verona

Pharmaceutical giant Merck is buying Verona Pharma, a company that focuses on respiratory diseases, in an approximately $10 billion deal. With the acquisition, Merck gets access to Verona Pharma’s chronic obstructive pulmonary disease medication Ohtuvayre. The Food and Drug Administration approved Ohtuvayre in June 2024 for the maintenance treatment of COPD in adults.
IBM Rolls Out New Chips And Servers, Aims For Simplified AI
Reports
US Federal Funds Target Rate – May 2025
Earnings News – March 2025

In March, Scotiabank Trinidad and Tobago Limited (SBTT) reported a TT$2 million or 1% increase in f irst-quarter profit due to strong growth in total revenue, which can be attributed to higher interest earnings from the group’s interest-bearing assets. Joining SBTT, ANSA Merchant Bank (AMBL) delivered a positive performance, recording a rise in operating income and profit for the year, despite lower before tax profits, and thanks to a reduction in taxation expenses.