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...
