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Category Archives: Business News

Tourism Minister believes T&T can derive more benefits from NAPA

The Minister of Tourism believes Trinidad and Tobago can derive more benefits from the National Academy for the Performing Arts buildings. Although intangible, Minister Randall Mitchell says this country’s creative sector is valuable and must be supported. Minister Mitchell made … Continue reading

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Nestle announces price increase on selected products

Nestle, the worlds largest food group, has announced a price increase in selected products. Head of Corporate Communications Siti Jones Gordon confirmed Nestle will increase prices on some locally and imported products but did not identify which ones. She said … Continue reading

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Low Christmas sales reported in Port of Spain

A slower than usual Christmas week of sales for businesses in the capital city, Port of Spain. President of the Downtown Owners and Merchants Association Gregory Aboud says while this is the case, it is not a surprise considering the … Continue reading

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DOMA President pledges support for move by government on vaccines

Yesterday, President of the Downtown Merchants and Owners Association Gregory Aboud pledged his support for the move describing it as brave. Mr. Aboud says while some may be against the idea, the country is in need of a solution and … Continue reading

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Tobago Business Chamber is in full support of the move

The business chamber in Tobago is supporting the government’s actions. And President Martin George however, is calling on the Prime Minister, to take it a step further.  Prime Minister Dr. Keith Rowley said he expected objections. His Attorney General Faris Al … Continue reading

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One economist tells the State it must to look at ways of helping the consumer in the face of increase in goods and services

Economist Dr. Roger Hosein says the State must stimulate economic growth in an effort to increase consumers’ purchasing power. Dr. Hosein makes the comment in relation to recent price increases in cement at the TCL group. He says while freight … Continue reading

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Stuart Young tells UN forum his government wants to create digital economy

Minister of Energy and Energy Industries Stuart Young tells a United Nations forum his government wants to create a digital economy in which electronic transactions are the norm in doing business. Minister Young, addressing the United Nations “Big Data” Forum yesterday, said … Continue reading

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2 political parties call for extension of Property Tax Valuation Forms

The deadline for submission of Property Tax Valuation Forms looms but there is a call for it to be extended from 2 political parties. They are warning that as it stands citizens face criminal penalties for failing to submit before … Continue reading

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Economist says recent IMF and Moody’s report on T&T encourages him

Economist Dr. Roger Hosein says the recent International Monetary Fund and Moody’s report on Trinidad and Tobago encourage him. Over the weekend, the IMF in its release predicted a strong economic recovery for 2022. The IMF said real GDP growth in … Continue reading

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Economist concerned about the correlation between increased COVID cases, crime and lack of jobs

Economist Dr. Roger Hosein sees a correlation between increased COVID infections, crime and a lack of jobs and he is concerned. Dr. Hosein tells Newscenter 5 economic activity needs a boost.  He has some advice for government.  Dr. Hosein noted … Continue reading

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