Local News
TTMA Takes Trade Mission To Chile
In a move to deepen commercial ties and unlock new export opportunities, the T&T Manufacturers’ Association (TTMA) has launched a trade mission to Chile from November 10 to 14.
Moonilal Welcomes Report Of US$20B In Possible ExxonMobil Investments
Energy Minister Dr Roodal Moonilal has welcomed an analysis published by Rystad Energy which stated that ExxonMobil’s latest offshore campaign in Trinidad and Tobago could yield over US$20 billion in new investment opportunities.
RBCFCL Cuts Capital By US$100M
RBC Financial (Caribbean) Ltd has announced it will reduce its stated capital by the TT-dollar equivalent of US$100 million to distribute to its sole shareholder, saying the move will not affect the bank’s operations.
RFHL Records $2.2B In Profit
Republic Financial Holdings Ltd (RFHL) has reported a profit attributable to equity holders of $2.2 billion for the year ended September 30, up $196 million, or 9.8%, from the same period last year.
Gold Surges As US Push To End Shutdown Turns Attention To Fed
Gold surged as US lawmakers moved closer to ending the longest shutdown in American history, a move that would help lift the fog around the Federal Reserve’s path on interest rates.
Disability-Inclusive Enterprises Get $600,000 Boost
The Digicel Foundation, in partnership with the Global Environment Facility Small Grants Programme (GEF SGP), has announced the six winners of its inaugural Innovation Challenge for Persons with Disabilities.
Businessmen Love Revitalisation Blueprint, But Say Execution Is Key
Businessmen are cautiously optimistic about the new wave of construction and investment being promised, calling it visionary but warning that execution, and not talk, will determine its success.
Dennie To Continue As Plipdeco President Until January
Dr Curtis Dennie will continue to serve as president of the Point Lisas Industrial Port Development Corporation Ltd (Plipdeco) until January 31, 2026.
Works Credit Union Board Dismisses Governance Breaches Claims
All decisions and operations of the Works Credit Union continue to be conducted in accordance with legal, regulatory, and cooperative standards, its board of directors has stated.
Regional News
St Lucians Vote On Dec 1st
St Lucians will go to the polls on December 1 to elect a new government, 11 months before the general election is constitutionally due in November 2026.
CAF Commits US$40B To Green, Inclusive Development
The Development Bank of Latin America and the Caribbean (CAF) says it will invest US$40 billion over the next five years to finance sustainable growth and strengthen climate action.
U.S. Pledges Additional US$10M
The United States (US) has pledged an additional US$10 million to support Jamaica’s recovery from the devastating impact of Hurricane Melissa.
Jamaica: Bustamante Hospital Gets US$40,000
The Sandals Foundation has donated US$40,000 (Ja$6 million) worth of equipment and resources to help the Corporate Area-based Bustamante Hospital for Children care for critically ill neonates, babies, and children being transferred from areas devastated by Hurricane Melissa.
B’Dos Central Bank Called On To Act In Credit-Reporting Dispute
The Central Bank of Barbados (CBB) has been asked to intervene in a contentious credit-reporting dispute involving a credit bureau and an anonymous customer.
Guyana: $43.5B In Old Age Pension Distributed
A total of $134.139 million in old age pension was paid to 3,348 pensioners through the banking system in 2024, according to the latest Auditor General’s Report.
B’Dos Reaffirms Commitment To Fairness, Inclusion And Decent Work
Barbados has reaffirmed its commitment to fairness, inclusion and decent work during the Second World Summit for Social Development held in Doha, Qatar.
Flow Jamaica’s Mobile Service Rebounds
Flow Jamaica has now restored mobile network traffic to 80 per cent of pre-Hurricane Melissa levels, while over 40 per cent of fixed-line customers are back online, rising to more than 80 per cent in major metropolitan areas, Liberty Latin America CEO Balan Nair said on Thursday during an earnings call.
IDB Consultant: Bureaucracy, Poor Planning Hold Caribbean Back
Bureaucracy and poorly planned projects are holding the Caribbean back from attracting foreign investment, Inter-American Development Bank (IDB) consultant Christopher Peter Sinclair has said.
International News
Paramount Ups Post-Merger Savings Goal to $3B
Paramount Skydance Corp., reporting financial results for the first time since a new investor group took over the media company in August, raised its target for job cuts and cost-saving measures.
SoftBank Sells Nvidia Stake For $5.8B To Fund AI Bets
SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.83 billion to help bankroll envisioned AI investments at a time investors are questioning the sheer amounts of capital chasing a technology with uncertain future returns.
Oil Swings As Signs of Weak Crude Market Vie With Fuel Strength
Oil flicked between gains and losses as signs of a softer crude market were countered by surging premiums for fuels like gasoline and diesel.
Gold Extends Gains On US Fiscal Concerns
Gold extended gains, after recording its biggest daily jump since May, in anticipation of further rate cuts following a deal to end the longest government shutdown in US history.
Stocks Slip As Nvidia, CoreWeave Revive AI Jitters
US stock futures retreated as traders backed away from high-priced technology companies after SoftBank Group Corp. sold its entire Nvidia Corp. stake and CoreWeave Inc. warned revenues will be lower than expected.
Data Centers In Nvidia’s Hometown Stand Empty Awaiting Power
Two of the world’s biggest data center developers have projects in Nvidia Corp.’s hometown that may sit empty for years because the local utility isn’t ready to supply electricity.
TSMC’s Slowing Monthly Sales Fuel AI Sustainability Debate
Honda reported Friday that its profit for the first fiscal half through September fell 37% from the previous year, as the damage from President Donald Trump’s tariffs offset the lift from solid motorcycle sales.
Stocks Rally, Bonds Fall On Push To End Shutdown
Stocks rallied and yields rose as optimism that US lawmakers are moving closer to a deal to end the longest government shutdown in history spurred demand for risky assets.
Lilly, Novo To Lower Obesity Drug Prices In Trump Deal
Eli Lilly & Co. and Novo Nordisk A/S secured deals with the Trump administration to slash prices for their blockbuster weight-loss drugs like Zepbound and Wegovy in exchange for tariff relief and wider Medicare access.
Reports
Economic Outlook – OCT2025
Global GDP growth has improved relative to earlier forecasts, reflecting the gradual easing of trade tensions and resilience.
Earnings Update – OCT2025
During October, Guardian Holdings Limited boasted of a 114% lift in after tax profit, owing to the gain on sale of its stake in Thoma Exploitatie B.V. Excluding this, however, underlying profit grew by 7%, or 43 million thanks to a 34% rise in insurance service results.
US Rate Watch OCT 2025
On October 29, 2025, the Federal Open Market Committee (FOMC) decided to lower the target range for the federal funds rate to 3.75% – 4.00 % from 4.00% – 4.25%. This decision was supported by a moderation in economic activity, a softer labor market, and elevated inflation.
Economic Outlook – September 30th 2025
Earnings Update – September 30th, 2025
Pelagic Series Factsheets – September 30th, 2025
Offshore Factsheets – September 30th 2025
July 2025 Earnings News
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In July, First Citizens Group Financial Holdings (FCGFH) posted a year-on-year gain, with its after-tax profit rising 5.1% to TT$719.6 million, mainly due to growth in loans to customers and investment securities.
Local Equity Market Overview – Q2 2025
Domestically, real GDP grew 4.7% in Q3 2024, supported by advances in both the energy and non-energy sector. However, recent indicators monitored by the central bank point to a deceleration in non-energy sector growth and weakness in an otherwise improving energy sector, that could be attributed to a reduction in methanol and natural gas output. Furthermore, inflation eased slightly to 1.4% in May from 1.5% in April, and private sector credit and consumer lending have risen. Additionally, unemployment fell to 4.9% in Q1 2025 from 5.5% in the fourth quarter last year.