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Local News
Notice Of Quarterly Dividend Payments
The Company wishes to advise of a change in its dividend payment schedule from semi-annually to quarterly payments.
Back To Work At Port
Port workers have been directed by the Industrial Court to return to work with immediate effect. This follows weeks of protest action by the employees amidst ongoing wage negotiations. A five-judge panel chaired by Industrial Court president Heather Seale yesterday, granted an injunction to the Port Authority of Trinidad and Tobago (PATT), mandating that the workers refrain from further protest action.
Govt, BP Sign Energy Contract
The Ministry of Energy has announced that a negotiated Production Sharing Contract (PSC) for Block NCMA 2 has been signed between the Government and successful bidder BP Exploration Operating Company Ltd (BPEOC).
PM On Forex Shortage: An Appetite For Foreign Goods
Prime Minister Dr Keith Rowley has blamed the forex shortage on added demand in 2024 caused in part by an increased appetite for foreign goods. He also said that the management of the utilisation of the foreign exchange injected by the Government may require further regulation.
Deadline For Property Tax Now Dec 31
The deadline for paying property taxes has been extended to December 31, 2024. This was disclosed by Finance Minister Colm Imbert in Parliament yesterday as he piloted the Finance Bill, by which a tax amnesty has been granted.
Annisette Warns Against SRC Report
The Government can give itself a pay increase, but it must first take action to ensure public servants’ demands are met, says the president of the Seamen and Waterfront Workers Trade Union (SWWTU), Michael Annisette.
Backlog Cleared At POS Port
Works and Transport Minister Rohan Sinanan is expecting normal operations at the Port of Port-of-Spain today. The minister said he was not willing to comment on the outstanding wage negotiations and the subsequent industrial action that had disrupted operations at the port.
New Marriott Hotel ‘Will Boost Tobago’
Approximately 180 people are to be employed at the newly constructed Marriott hotel in Tobago. So said John Aboud, chairman of Superior Hotels Ltd. In a recent interview with the Express, Aboud said upon the change in Tobago House of Assembly (THA) administration in 2021 following the THA election, he contacted and then met with Chief Secretary Farley Augustine in Trinidad along and other assemblymen.
Early End To Desalcott Shutdown
Customers of the Water and Sewerage Authority (WASA) will soon have their regular supply of water restored. WASA stated in a media release yesterday that maintenance work at its Point Lisas Desalination Plant has been completed and supply should be normalised in the coming days.
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Regional News
B’Dos: One In Four Pension Plans Underfunded
The pension system is facing a growing crisis, Central Bank Governor Dr Kevin Greenidge warned Tuesday, with more than 28 per cent of defined benefit plans underfunded and an average funding rate of just 84.1 per cent.
Jamaica: New ‘Negril International Airport’ Coming
Horace Bryson, senior director of engineering maintenance and projects at the Airport Authority of Jamaica, at the #Thropx2024 Investment Conference, revealed the location of the ‘new Negril airport’. Guests in attendance were seemingly on edge, awaiting Bryson’s presentation.
PM Modi To Advance Relations With Guyana, The Region
India’s Prime Minister, Shri Narendra Modi on Tuesday evening arrived at the Cheddi Jagan International Airport (CJIA), Timerhi for a historic visit which will see him meeting members of the Guyana government, addressing the National Assembly and attending the 2nd India-CARICOM summit where he will interact with regional leaders.
Sagicor’s Core Earnings Rise By 129%
Sagicor Financial Company (SFC) has reported core earnings to shareholders of US$62.9 million for the nine months ended September 30, 2024, an increase of $128.72 per cent over the US$27.5 million the company reported for the same period in 2023.
B’Dos: Poultry Supply Chain Finally Stabilising
After months of a poultry shortage that disrupted supplies to supermarkets and restaurants, Barbadians will finally get some relief, according to Barbados Agricultural Society (BAS) Chief Executive Officer James Paul. He has given the assurance that the poultry supply chain is stabilising, with chicken set to return to stores within days.
Jamaica PM Breaks Silence On Tourism Workers’ Protests
Following an upsurge of demonstrations by hotel workers over claims of inadequate pay and poor working conditions, among other issues, Prime Minister Andrew Holness is insisting that grievances cannot be allowed to crash the industry.
LAC Mayors Launch Network To Help Cities Access Financing
The Inter-American Development Bank (IDB) says mayors and finance secretaries from Latin America and the Caribbean (LAC) on Saturday announced the launch of a Network of Cities to facilitate regional cities’ access to finance and boost available funding for resilience.
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Sugar Industry Still Economically Viable
Recognising both the challenges and efforts to rebuild the country’s sugar industry, President, Dr Irfaan Ali has underscored the government’s commitment to long-term success despite facing significant hurdles.
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Sorrel Supply Moderate For Christmas
There is a level of uncertainty about the supply of sorrel and other locally grown crops for the rest of the year, following the passage of Tropical Storm Rafael as well as weeks of heavy rains that have inundated the island.
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International News
Exxon Mobil Signs Non-Binding Lithium Supply Deal With LG Chem
Exxon Mobil said on Wednesday it has signed a non-binding lithium supply deal with battery parts maker LG Chem, the oil giant’s second agreement to supply the electric vehicle battery metal from its proposed Arkansas project.
Target Struggles In The Third Quarter
Target etched out a slim sales increase in the third quarter but profits slumped as inflation-weary customers pulled back on spending and costs related to a dockworker strike in October dragged on results.
Stocks Steady With Focus On Nvidia; Dollar Gains
US futures struggled for direction as traders looked ahead to Nvidia Corp.’s results later Wednesday for fresh momentum.
Lowe’s Raises Annual Same-Store Sales Forecast
Home improvement retailer Lowe’s Cos forecast a slower-than-expected drop in annual comparable sales on Tuesday, banking on a boost to its current-quarter sales from hurricane-related demand, although big-ticket spending was strained.
Super Micro Shares Jump On Compliance Plan, New Auditor
Super Micro Computer Inc. shares jumped as much as 42% in premarket trading after the company hired a new auditor and filed a plan to come into compliance with Nasdaq listing requirements.
Stocks Fall As Russia-Ukraine War Rattles Traders
Stocks slumped, with European equities shedding almost 1%, and global bonds climbed on worries over the latest escalation in Russia’s war against Ukraine.
Spirit Air Files Bankruptcy Following Failed JetBlue Tie-Up
Spirit Airlines Inc. has filed for bankruptcy in the wake of greater competition from rival carriers and financial troubles following its scuttled merger with JetBlue Airways Corp.
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Tesla Lifts Nasdaq Futures; Bitcoin Tops $90,000
US stock futures edged higher as traders awaited fresh pointers on growth and the path of interest rates. Gold advanced and Bitcoin moved past the $90,000 mark.
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TSMC’s Chips Act Award Finalized By US
The Biden administration finalized its Chips Act incentive awards for Taiwan Semiconductor Manufacturing Co., marking a major milestone for a program meant to bring semiconductor production back to US soil.
Tips & Tricks
How to Create a Unique Value Proposition (With Tips & Examples)
You’d think it’d be simple for companies to explain what they do — and yet, it’s surprisingly tricky! From my experience working with plenty of startups, I’ve noticed that many struggle to communicate their value. It’s not that they don’t have something great to offer; it’s just a matter of making it resonate.
4 Key SEO Tips for Driving Visibility and Growth
Effective SEO (search engine optimization) is essential for any business looking to increase visibility, reach customers and drive growth. By optimizing your website and content, SEO helps attract traffic, enhance credibility and support long-term success.
6 Reasons Why Successful Entrepreneurs Need To Be On LinkedIn
When most people think of LinkedIn, they still associate it only with job hunting or recruiting, but it has evolved into so much more. It has transformed into an engaging platform where professionals can build their personal brands, businesses can grow their visibility, and thought leaders can share industry insights and network with other professionals.
7 Easy Tips To Boost Protein
Protein is essential for our health, but you may not be getting enough of it. Nutritional guidelines say the average adult should be eating at least 0.8 to 1 gram of protein per kilogram of body weight. If you weigh 150 pounds (68 kilograms), for example, you should aim for about 55 to 68 grams of protein per day.