Thursday 3rd June 2004

 
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BG View From The Editor

Salary hikes enrich owners

From the late ’70s, there is a story about port workers crowding into appliance stores in Port-of-Spain...

News

Drivers and governments from Bahamas to Guyana hold their breath

The Caribbean oil scare

While this country debates the use of financial surpluses on account of the current oil windfall, an entirely different scenario is emerging among its Caribbean Community (Caricom) allies...

No more stand-alones

Government has been rejecting proposals by companies seeking to set up plants that would only produce ammonia and methanol...

Rain delays Piarco runway paving

Overbudget and overtime

Repaving of the runway at the Piarco International Airport, which should have ended late last year and was then expected to be completed this month, has been further delayed and may cost taxpayers more than its original $35 million price tag...

Kumar changes title

Nine months after she was appointed, former Algico executive Catherine Kumar last week finally got the legal greenlight to start calling herself Inspector of Financial Institutions. As of that date, she job title changed from Inspector of Banks...

Crime hindering investors

The high incidence of crime and its attendant costs to doing business are eroding investor confidence in T&T, American Chamber president David Chaney said yesterday...

BWIA late with $$ statements…again

For the second year in a row, national carrier BWIA has failed to file its annual audited financial statements and annual report on time...

Higher US rates will hurt region

Introductory remarks by Dr E D Tromp at the 4th Euromoney/ LatinFinance Caribbean Investment Forum Hilton Trinidad May 12-13, 2004...

Continental to start direct flight to Houston

Some 15 top US executives, representing Houston-based companies such as BP, BHP Billiton, Tractebel, Port of Houston and the Houston Airports Authority will be arriving on board Continental Airlines’ inaugural flight to T&T from Houston, Texas, next month...

Moreira quits Caribbean Star

Caribbean Star president Paul Moreira resigned from the airline effective Tuesday, according to a statement from the company...

Cable & Wireless regional results plunge 41 per cent

Facing stiff competition throughout the region, Cable & Wireless’ pre-tax operating profits in the Caribbean have taken a nose-dive, falling by 41 per cent...

State takes another step to telecom liberalisation

Government has moved a step closer to liberalising the telecom sector. Amendments to the Telecommunications Act 2001 have been passed by both Houses of Parliament and now await proclamation by the President to become effective....

TSTT, Motorola launch Instant One radio mobile network

TSTT and Motorola are set to make radio waves in the local energy sector. TSTT has retained Motorola as principal contractor in a $120 million initiative to build the country’s first digital trunked two-way mobile radio network, which will support the full range of communications services used by energy companies...

Varinstall mortgages legal

The Varinstall Mortgage, which allowed for only part of each interest payment to be paid during the first few years of the mortgage with the balance being capitalised and paid in later years by a larger installment, was not void either for uncertainty or because of the creation of a clog on the equity of redemption...

CCMB acquires mutual fund shares

Capital and Credit Merchant Bank has been successful in its bid to purchase the 92.73 per cent shareholding in the Jamaica Unit Trust Services (JUTS) controlled by the Government of Jamaica...

Features

Formula for the best boss

Jeffrey Fox would scare the heck out of many employers. This is the man who tells bosses not to check employees’ expense accounts and to listen to jerks, fools and frauds...

Technology

Seeing is believing!

Is your company building or refurbishing a new conference room? Perhaps you are equipping your sales staff to do high powered presentations to clients...

Commentary and Analysis

Excessive liquidity persists

For the past few months there has been an excess of TT dollars in the market due to a lack of investments and a shortage of new issues in the market...

Taking chances on energy security

Energy security is now at the forefront of the concerns of developed, industrialised countries as the premier energy-supplying part of the world, the Middle East, becomes more and more unstable...

The leadership challenge

In today’s highly dynamic global economy, it is generally acknowledged that effective leadership is essential to the success of organisations and, indeed, countries...

Managing risk

The key to successful investing

As an investor, your primary concern should be to achieve the maximum possible return on your investment with the minimum of risk. Most investors are reasonably comfortable with assessing their return on an investment, but not many fully understand the concept of risk...


 

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