Thursday 7th April 2005

 
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Trading in towers for sails

From the fire-hot World Trade Center in New York to laid back Crews Inn in Chaguaramas, New York-born Ernest Littles, 59, wears two hats which are ideally entwined: that of CEO of the Joseph Elias-owned CrewsInn group—restaurants, the 46-room hotel, 68-slip marina and boatyard—and president of the Trinidad Hotels, Restaurants and Tourism Association...

BG View from the Editor

Why the delay?

I recently had a conversation with one of this country’s top business executives. The man was extremely worried about the fact that the Port of Port-of-Spain was a serious drag on T&T’s drive to become more competitive...

Mixed Assets

Where’s the ideology?

It’s a pity that there wasn’t more time to discuss points raised by Republic Bank senior economist on Monday...

News

PSIP behind, says Enill

The Public Sector Investment Programme (PSIP) has underperformed for the first six months of the 2004/2005 budget according to Minister in the Ministry of Finance, Conrad Enill...

Too many laws...St Kitts PM laments

Inducing businessmen to invest in the Caribbean may be stalled by about 12 different sets of labour laws, a multitude of corporate tax laws, investment laws, banking laws and other business related laws, regulations and administrative procedures...

Long wait for energy fund returns

Even as opportunities open for locals to get a chunk of the energy pie, chances are returns may be a long time coming...

Union takes food campaign to Chaguanas

The Federation of Independent Trade Unions (Fitun) will take its campaign against high food prices to the busy Central borough this weekend...

UTT speaks at global tech forum

Zameer Mohammed, senior manager, Industry Liaison and Continuing Education at the University of Trinidad and Tobago (UTT) was one of four international experts invited to participate in a global forum at Getenergy 2005 in Houston, Texas, recently...

Features

Getting a chunk of the pie

Avinash Persad, chairman of London-based financial company Intelligence Capital was in T&T this week to speak at the Euromoney/Latin Finance conference...

Intellectual Property

Businesses must respect creators’ rights

This is the second in a series as the Copyright Organisation of T&T (COTT) celebrates 20 years of collective management in T&T and leadership in the field of intellectual property in the Caribbean...

Legal

Added damages for breach of rights

In 2000, Mr Ramanoop was wrongly taken away from his home by a policeman to a police station, handcuffed, badly beaten, wounded, drenched in rum, soaked in a shower, taunted and forced to sign a document...

Court of practical common sense - Part II

In the hearing and determination of any matter before it, the Court may act without regard to technicalities and legal form and shall not be bound to follow the rules of evidence stipulated in the Evidence Act, but the Court may inform itself on any matter in such manner as it thinks just and may take into account opinion evidence an such facts as it considers relevant and material but, in any such case, the parties to the proceedings shall be given the opportunity, if they so desire, of adducing evidence in regard thereto. (All emphasis supplied)...

Commentary and Analysis

Time to stop talking, BWIA

Will history repeat itself? So. The Government of T&T is about to bail out BWIA one more time, probably to the tune of US$109 million. The question is: will this change BWIA? Fundamentally, No. Unless there is a radical transformation of BWIA’s leadership and culture, the organisation will continue with “more of the same” leadership style and approaches, and that does not forebode well for the airline’s viability...

Energy service sector shows flat demand in Q4

With the exception of the third quarter which showed some improvement in the business climate, local energy services companies reported that in 2004 they generally experienced flat demand and business activity in their sector...

No, say exporters

It may not be readily apparent because, at the time of writing, the Ministry of Energy and energy-based industries had not said a word publicly on the matter, but an international energy conference of some importance is due to take place in T&T before the end of this month...

Electronic trading having impact

Back to basics

What is going on with the T&T Stock Market? Why is CCMB’s share price falling even though the company has boasted earnings that were 75 per cent above the prior year?

DR approves restructuring bill

Brazil’s Central Bank cut its inflation forecast for 2006 to 3.8 per cent from four per cent on expectations that the seven interest rate hikes will curb economic expansion, which was driving consumer prices...

Government driving inflation

According to reports in the press during the month of March, the PSA is asking for a 35 per cent increase in salaries for the people in the bargaining unit it represents, which is the largest single body of employed people in T&T...

Competition law essential

Competition law prohibits a firm from obtaining monopoly power by merger or by means other than skill, foresight and industry. It also prohibits the abuse of dominance and cartel arrangements. Competition policy, however, is a broad concept that includes aspects of regulatory reform, demonopolisation and privatisation and seeks to halt the harm to society that is caused by various anti-competitive actions and policies including unduly restrictive government regulations...

Credit rating symbols...

What do they convey?

In the previous few articles in this column, we looked at the capital markets and its two major components—the equity markets and the debt markets and the evolution of credit ratings...

The board’s evolving role as...Audit committees take centre stage

The main thrust of emerging governance initiatives lies in establishing clear responsibilities for the major actors within the corporate system and, understandably, the role of the board of directors has been given considerable attention...

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