Business News
MINISTER of National Security Stuart Young has met with a dozen business groups to discuss the issue of crime. The meeting took place yesterday at the Ministry of National Security Head Office, Abercromby Street, Port of Spain. Commissioner of Police Gary Griffith was also present. A release from the National Security Ministry stated, “Minister […]Read More
PORT-OF-SPAIN – TSTT will be partnering with Huawei to have 5G network technology in Trinidad and Tobago by the end of the year. This was announced yesterday at a conference at the Hyatt Regency hosted by Huawei titled Summit on the Information and Communications Technology (ICT) Goals of the Trinidad and Tobago National Development […]Read More
A net profit of $210 million has been recorded by the West Indian Tobacco Company (WITCO) for the six month period ending June 30, 2019. In a statement the Chairman of WITCO Anthony Phillip said, “I am pleased to report that West Indian Tobacco has recorded Profit Before Taxation of $300.9 million, representing an […]Read More
CARIBBEAN Airlines has launched a new app that allows customers to book and pay for flights. The airline chief executive officer Garvin Medera said the free app was designed for both Android and IOS users. He said, “Having all the information and options you need at your fingertips definitely helps which is why we […]Read More
A British hacker who helped stop a major cyber-attack affecting the NHS in 2017 has been spared a jail term and will only face one year of supervised release. He will also be able to return to the US and not pay a fine, the BBC is reporting. Marcus Hutchins, 25, pleaded guilty to […]Read More
BRITISH Airways resumes flights to Cairo on Friday after suspending its services for a week citing security concerns. The airline said in a statement it had “reviewed security arrangements” and would restart flights. German airline Lufthansa also cancelled flights to Cairo on Saturday but resumed services one day later, the BBC stated. BA stated, […]Read More
A quality standard issue has caused Carib Brewery to recall its Smalta 250ml bottles. Only bottles purchased between July 14 and 20 with batch code 19199L6 1400-2000 will be recalled. A notice on Tuesday by the Carib Brewery stated that this batch maybe under-pasteurised and “does not conform to our commitment to highest quality […]Read More
The United States Justice Department has announced that it will investigate major online platforms to determine whether they are unfairly restricting competition. Although the Department of Justice did not give any names, industry sources said companies under probe would include Amazon, Google, Facebook and Apple. The Justice Department said it was initiated after “widespread […]Read More
FORMER energy minister Conrad Enill is to be the next chairman of the National Gas Company. He will replace Gerry Brooks who resigned from NGC and all its subsidiaries last month. Enill’s appointment was confirmed today by the Trinidad and Tobago Guardian which quoted him as saying, “That is not as yet finalised as […]Read More
BILL GATES has never ranked lower than No. 2 in the seven-year history of the Bloomberg Billionaires Index. That run ended on Tuesday when the Microsoft Corp. co-founder dropped to No. 3 behind France’s Bernard Arnault. LVMH, Arnault’s luxury-goods maker, advanced to a record on Tuesday and pushed his net worth to US $107.6 billion and […]Read More