Thursday 21st April 2005

 
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Grace ready for CSME

Douglas Orane leads rising Jamaican company

Douglas Orane compares himself to a gardener. Unlike the typical gardener, though, who nurtures plants, he nurtures people...

BG View from the Editor

Reinvesting in growth

I get the impression that many of our manufacturers are not being as aggressive in reinvesting profits in their companies as they have been in the past and as they should be...

Mixed Assets

Are banks’ rate hikes justified?

Commercial banks have started to raise their prime lending rate to nine per cent from 8.75 per cent, attributing the hike to the recent decision by the Central Bank to increase the repo rate by 25 basis points to 5.25 per cent in the face of rising inflationary pressures...

News

Energy fund eyes bpTT’s offshore assets

Prometheus, the energy fund collaboration between RBTT and GHL, wants to buy the Government’s stake in the Teak, Poui and Samaan sale...

Caricom ponders modified foods

When hurricanes and floods plagued farmers in the Caribbean last year it curbed their ability to meet demand and subsequently vegetable prices rose...

Higher lending rates no surprise

The Central Bank sending up the repo rate sent the signal to banks to increase their prime lending rates, said economist Kelvin Sarjeant...

Vegetable prices affecting Subway

Local lovers of submarine sandwiches from the international fast-food chain Subway will have to take a bigger bite out their pockets...

Growing pains

Government, credit unions tackle supervision

In the old days, people started sous sous, known in Tobago as lend hand, in their villages, in the market, in their offices, to help with bills...

Witco chairman believes...

Smoking ban is wrong

While governments support legislation to ban smoking in public places there is no proof that it actually reduces the level of consumption, said chairman of West Indian Tobacco Company Ltd, Francis Carlow...

Real Estate

High cost of land leaves

Tobagonians feeling the pinch

Tobago’s land is a gold mine. It’s so valuable that it’s beyond the reach of most Tobagonians. Property value has shot up in the last six years with land being retailed for as much as $80 a square foot. There has been a concentration of development on the Leewards side of the island, but more centred on the coast...

Intellectual Property

Giving licence to the crime of piracy

Piracy is a crime. Those who participate in it are criminals no less than the drug traffickers, murderers and perpetrators of more commonly accepted offences...

Trade

Foreign business reps meet with minister

The fifth Annual Euromoney LatinFinance Caribbean Investment Forum provided a unique opportunity for several major international firms to interact directly with Ministry of Trade and Industry officials to discuss investment opportunities in T&T...

Technology

Deregulation of telecom sector

What to expect

The telecommunications market of T&T is a multi-billion dollar sector with the potential to offer reasonable returns on investment for new entrants...

Legal

Privy Council

Central Bank transfer of assets unlawful

Gulf was a shareholder of the Trinidad Co-operative Bank Ltd (TCB). In 1986, the Central Bank under its emergency powers assumed control of TCB...

New rights under Estate Act

Permit me to offer some information to correct certain statements made in an article entitled “Having a will” appearing in the Money Matters column of Raziah Ahmed on April 10...

Commentary and Analysis

CBTT leaves repo rate at 5.25 %

The Central Bank left its benchmark interest rate—the repo rate—at 5.25 per cent in April 2005. The decision comes despite upward pressures on headline inflation. For the 12 months to February 2005, headline inflation rose to 6.9 per cent faster than the 5.9 per cent in the 12 months to January 2005...

Internal audits add value

In our last article we highlighted the role of the audit committee as the engine of an effective board. In this article we will examine the internal audit as an important tool of the audit committee...

Tax regime may scare off investors

On March 11, bpTT announced its plans to sell their Teak, Samaan and Poui (TSP) assets. Exactly one month later on April 11, Venture Production plc, the Aberdeen-based oil and gas production company released their preliminary results for 2004 and included in their report a public statement that they are in the process of withdrawing from T&T...

T&T holds solution to cross-border gas

Energy Minister Eric Williams told journalists last week that the negotiations between T&T and Venezuela on cross-border gas were going “very well” and presumably this means that some finality will be brought to the matter soon...

Innovation before wage hike

It is indeed interesting to hear the noises coming from various quarters regarding the recently announced minimum wage hike...

Understanding the annual report

A total of 19 out of 31 companies listed on the T&T Stock Exchange have a December 31 year end...

Assessing the credit quality of sovereigns

In the earlier articles, we looked at the capital markets and bond markets, the evolution of credit ratings, the rating symbols used by the global agencies and the role of a rating agency in the development of local bond markets...

Guyana ripe for investment

Some weeks ago, Geoffrey Da Silva, the CEO of the Guyana Office for Investment (Go-Invest) addressed the 17th Annual Investment Conference of Development Finance Ltd and we now reprint relevant parts of his address as it is the Chamber’s view that businesses looking to invest regionally should consider Guyana as a possible option...

New US passport rules deliver...

Severe blow to tourism

For years United States citizens have travelled into and out of the Caribbean with no more identification documents than a drive’s license. This will change between now and January 1, 2008 and will have an adverse impact on the regional tourism industry...

BWIA’s success must be earned

BWIA’s leadership and board of directors have failed to provide the Government with a business plan in which it has confidence...

 

 

 

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