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Local News
Perenco Finds Natural Gas In Onyx

Perenco T&T Limited has found natural gas following the successful drilling of the Onyx well. In a news release yesterday, the Anglo-French company said the drilling of the well and sidetrack in the eastern part of the Onyx field led to the find of significant columns of natural gas in two separate geological compartments.
ANSA Merchant Earns $114M

ANSA Merchant Bank Group has earned net operating income of $114 million in the first quarter to March 2025, 4.2 per cent lower than the prior year’s comparative $119 million. The company’s unaudited interim results for the quarter ended March 31, 2025 were posted yesterday on the T&T Stock Exchange.
ANSA McAL’s Revenue Rises 10%

In Q1 2025, the Group delivered strong top-line growth, with revenue increasing by 10% year-over-year to TT$1,808 million. Net cash flows from operating activities also increased significantly—by 81% to TT$244 million—underscoring the strong operational health of our business and our ability to generate cash efficiently.
NGL’s Profit Rises 4.3%

Trinidad and Tobago NGL Limited (“TTNGL”/ “the Company”) is pleased to report that for the first three months ended 31 March 2025, the Company recorded after tax profit of TT$31.8 million. This represented a stable TT$1.3 million or 4.3% improvement over the comparative period in 2024, when TT$30.5 million was recorded. Earnings per share for the quarter was TT$0.21, compared to TT$0.20 for the corresponding period in 2024, an increase of 5.0%.
Unilever Notes Growth In Both Revenue And Profit

Unilever Caribbean Limited (UCL) has achieved a Profit after tax for the first quarter 2025 of $16.2m when compared to $6m in the prior year. Revenue closed at $81.2m, representing an increase of $24m for the period compared to the prior year, but also includes significant one-off transactions relating to its new distribution model.
Tancoo Meets With CAF

Finance Minister Davendranath Tancoo met with representatives from the Development Bank of Latin America (CAF) in an introductory meeting on Monday. According to a release from the ministry, the meeting was held to discuss some of the ongoing initiatives CAF had begun with the government previously as well as formally highlight the bank’s role as T&T’s principal multilateral development partner.
CAL Must Rethink US$-Only Online Sales

Majority state-owned Caribbean Airlines (CAL) has defended its foreign currency-based payment model, saying nearly 70 per cent of its expenses—such as aircraft leases, fuel, taxes and maintenance—are billed in foreign currency. The airline insists this “economic reality” requires a balanced approach to maintain its financial sustainability.
TOSL Engineering Acquires ANSA Technologies

TOSL Engineering Ltd has acquired ANSA Technologies Ltd in a move hailed as the creation of a powerhouse in the energy sector. ‘TOSL Engineering Ltd (TOSL), a leading integrated services company headquartered in Trinidad and Tobago, has announced its acquisition of ANSA Technologies Ltd, a well-established provider of electrical, instrumentation, and automation solutions,’ a release issued last moth stated.
Businessmen Blame New Ministry For Delay In Clearing Containers At Port

Some business owners are raising concerns over mounting costs and prolonged delays, as containers consigned to a non-gazetted Government ministry remain stuck at the Port of Port-of-Spain. Port sources said containers addressed to the Ministry of National Security remain stranded, unable to clear Customs, following the ministry’s recent rebranding as the Ministry of Homeland Security, a name that had not yet been officially gazetted up to yesterday.
Regional News
Barita Seeks Acquisitions To Boost Growth
New Demerara Harbour Bridge 76.91% Complete

Traffic woes and the daily rush to beat the Demerara Harbour Bridge’s closure will soon be a thing of the past for residents of Region Three, as the new river bridge is on course for completion in August. According to a weekly progress report presented by the Ministry of Public Works, the physical development of the bridge structure currently stands at 76.91 per cent.
PURC And Rocky Mountain Institute Sign MOU

The Public Utilities Regulatory Commission (PURC) and the Rocky Mountain Institute (RMI) have entered a landmark partnership aiding the advancement of Grenada’s sustainable energy goals. Supported by the Government of Grenada and the Grenada Electricity Services Ltd. (Grenlec), this transformative initiative aims to strengthen energy independence across Grenada, Carriacou, and Petite Martinique.
Montego Bay To Host Landmark Caribbean Investment Forum In July

This July, Montego Bay will host a transformative event that seeks to reintroduce the Caribbean to the world as a credible and competitive investment destination. The Caribbean Investment Forum (CIF) 2025, officially launched this month in Kingston, is being positioned as the region’s premier platform for connecting international capital with high-potential, investment-ready opportunities across the Caribbean.
Guyana, China To Boost Trade Ties

China and Guyana yesterday agreed to boost trade and investment ties as well as promote their diplomatic relations. The Xinhua News Agency, the official state news agency of the People’s Republic of China, reported yesterday that Foreign Minister Wang Yi held talks with his Guyanese counterpart, Hugh Todd, here and affirmed Beijing’s support for Guyana’s independent development path and called for deeper cooperation through high-quality Belt and Road cooperation.
International News
Walmart Warns Of Higher Prices, Withholds Second-Quarter Profit Guidance
Deere Trims Annual Profit Forecast, Posts Lower Q2 Results On Softer Demand
Alibaba Misses Revenue Estimates As It Fights For China E-Commerce Market Dominance
US Stock Futures Slide As Tariff Rally Eases, UnitedHealth Slips

U.S. stock index futures slipped on Thursday as euphoria from the U.S.-China tariff truce tapered off, while UnitedHealth was pressured after a report of a DoJ investigation into the health insurer. Markets are also keenly awaiting commentary from Federal Reserve Chair Jerome Powell, who is scheduled to speak later in the day.
American Eagle Tumbles After Pulling Financial Guidance For 2025
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.