News & Views

After finding an overlap in export and investment promotion activities at ExporTT, InvesTT and CreativeTT, a Cabinet appointed committee has grouped these entities so they can produce greater results as one organisation–the T&T Trade and Investment Promotion Agency Ltd, Trade Minister Paula Gopee-Scoon said yesterday.

Although some may disagree, Trinidad and Tobago has a series of strong institutional checks and balances that establish and maintain a solid platform for good governance.’ This was the message from Finance Minister Colm Imbert as he delivered remarks at the 4th Dialogue on Governance for Development in Latin America and the Caribbean at the Hyatt Regency (Trinidad) hotel in Port of Spain yesterday.

Energy company Trinidad and Tobago NGL Ltd (TTNGL) has delivered a ‘robust performance’ for the first half of 2024, posting a profit after tax of $46.7 million, chairman Dr Joseph Ishmael Khan has said. ‘This represents an outstanding turnaround from the corresponding 2023 period, where a loss of $2.8 million was recorded and signifies an impressive year-on-year improvement of $49.5 million,’ he stated in the company’s interim financial statements for the six months ended June 30, 2024 which were published yesterday.

Guyana’s government is taking significant steps toward establishing a deepwater port, a project poised to enhance the country’s role as a major trans-shipment hub in the region, according to Vice President, Dr. Bharrat Jagdeo.

Jamaica-born businessman, Michael Lee-Chin has requested that local investors in a US$23 million note for a company called Portland (Barbados) Ltd accept a 15-day extension of the final payment of the instrument, sources told Guardian Media

Stocks rose after the latest reading on retail sales underscored the strength of the world’s largest economy.

US retailer Walmart (WMT) raised its annual profit forecast on Thursday for the second time this year, as Americans kept flocking to its stores for inexpensive everyday essentials and as it sold more higher-margin ads to product companies.

Coach parent Tapestry (TPR) beat Wall Street expectations for fourth-quarter results on robust demand for its popular Tabby handbags, signaling resilient interest for affordable luxury goods despite a global spending slowdown.

Deere & Co beat analysts’ expectations for third-quarter profit on Thursday, as stronger pricing and cost control measures protected its margins from sluggish demand for its farm equipment, sending shares of the company up 4% before the bell.

Embarking on the entrepreneurial journey is similar to setting out on a road trip without knowing the directions. Every decision made at the wheel can potentially lead to new opportunities or present unforeseen challenges.

One of the most famous quotes of Theodore Roosevelt, which stays relevant up to this day, is: “Do what you can, with what you have, where you are.” It is very much a goal of all business people to work under ideal conditions and have all the resources that they may need, but this is not always possible. This quote is a rallying cry of sorts that encourages one to use what one has now, to take advantage of what is available right now, and to push forward and make the business work even when the odds are stacked against it.