Thursday 3rd March 2005

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Financial fantasies

In the classic “pyramid” scheme, participants attempt to make money solely by recruiting new participants into the programme. The hallmark of these schemes is the promise of sky-high returns in a short period of time for doing nothing other than handing over your money and getting others to do the same...

BG View from the Editor

Learning from (T&T) Qatar model

Last week, Prof Ken Julien, RBTT group CEO Jerome Sooklal and stockbroker Subhas Ramkhelawan placed on the national agenda the fact that T&T capital must get more involved in the local energy sector...

Mixed Assets

Bringing energy to the local capital market

In his Power Point presentation to the South Chamber energy conference last week Wednesday, RBTT group CEO Jerome Sooklal pointed out that “the local capital market activity in the energy industry is very limited, due to size of the capital requirements; uncompetitive cost of debt funding and lack of understanding of the sector.”


Farrell takes charge of Guardian General

Dr Terrence Farrell, group executive director of Guardian Holdings Limited, assumes the leadership of Guardian General Ltd (GGL) from April...

Breakfast Shed still open

The Breakfast Shed has lost close to 50 per cent of its customers as negotiations for a new location or cash settlement continue with the Urban Development Company of T&T...

Local content should mean ownership—broker

Even while the Government digs in on the local content issue in its energy negotiations, stockbroker Subhas Ramkhelawan is calling for a different definition of the term...

Banks B’dos, Guyana forge alliance

For many years, Banks Breweries in Barbados faced a major stumbling en route to penetrating extra-regional markets with its beer. The hold-up related to a trade mark issue...

BG’s got gas for Train V

British Gas has said that its discovery on the Manatee 1 well now confirms that it has enough gas for a fifth LNG train...

Talisman, EMA uneasy relations may be cause of drilling hold up

The planned drilling of Talisman’s exploration wells in the Eastern Block could be significantly delayed unless the company can get a certificate of Environmental Clearance from the Environmental Management Authority...

Finance expert to facilitate merger seminar

Columbia Business School Professor Enrique Arzac will be in T&T to facilitate a seminar on mergers and acquisitions....

Taskforce to oversee construction

Three months after contractor Emile Elias made a call for Cabinet to appoint a standing committee to oversee private/public sector construction projects, the Government has formed just that to remove bottlenecks and constraints...

TIC, CRNM join forces for special seminar

The organising committee of the Trade and Investment Convention (TIC 2005) and the Caribbean Regional Negotiating Machinery (CRNM) have joined forces to present a special seminar titled Rules of Origin: Issues and Implications for Trading in Regional Enterprises...

Commentary and Analysis

Greater transparency with bond markets

Last week we gave an overview of capital markets, their importance in economic development and the status of the local capital markets...

UTT—a welcomed initiative

The establishment of the University of T&T has been a welcome initiative on the part of the Government, providing much-needed recognition of the value of and the need for professional tertiary technological education...

The perils of market inefficiency

There are five companies resident in Jamaica that are cross listed on the T&T Stock Exchange (TTSE). They are Capital and Credit Merchant Bank (CCMB), Dehring Bunting and Golding (DB&G), Grace Kennedy (Grace), Jamaica Money Market Brokers (JMMB) and National Commercial Bank of Jamaica (NCBJ)...

Local content debate

Increase T&T ownership

A key theme that ran through much of last week’s T&T Petroleum Conference (TTPC 2005) was the issue of national ownership of the energy sector. The STCIC has been a strong advocate for increased local private-sector equity participation in the sector and this position was reinforced by the feature address by Prof Ken Julien and by a number of other presentations over the three-day conference...

Exploration takes a back seat as...S-Day nowhere on the energy horizon

Anyone expecting Energy Minister Eric Anthony Williams to announce at last week’s South Trinidad Chamber/Geological Society petroleum conference the date for signing of the long-awaited production sharing contracts (PSCs) for the nine blocks in the 2003 to 2004 competitive bid round, would have been sorely disappointed...

Cold weather heats up oil prices

Crude oil prices rose to a four-month high as colder-than-usual weather in the US and Europe boosted demand for heating fuels. The increase in demand for fuel may put a strain on supplies this year as many OPEC members are already pumping beyond capacity...

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