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Category Archives: Business News

PM says country facing “economic avalanche”

The Prime Minister says the country is facing what he refers to as an “economic avalanche”. Speaking at a forum called “Spotlight On Budget” this morning, Dr. Keith Rowley noted that several sectors place demands on the State based on … Continue reading

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COVID cost the country 10 billion

COVID-19 has cost the economy some 10 billion dollars in losses. Prime Minister Dr. Keith Rowley says the economy is taking a beating because of the measures, which have been enforced to curb the spread of the virus. Dr. Rowley … Continue reading

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CAL distributes COVID medical supplies to Caribbean countries to help combat COVID-19

Caribbean Airlines distributes over 2,000 boxes of medical supplies to 16 Caribbean countries to assist them in their combat against COVID-19. In a release, the state owned airlines says the initiative was done in collaboration with the Caribbean Disaster Emergency … Continue reading

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THA Chief Secretary calls for full brunt of law for persons breaking quarantine

Chief Secretary Ancil Dennis is calling for the full brunt of the law to be used on persons who break quarantine.  His call came mere hours after the Ministry of Health announced that they would start allowing COVID positive persons … Continue reading

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Moonilal says government secretly signed Petrotrin deal

The Oropouche east candidate for the United National Congress, Dr. Roodal Moonilal says the government has secretly signed the Petrotrin deal. But he is telling Prime Minister Dr. Keith Rowley to keep his paws off the Petrotrin refinery. At a … Continue reading

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DOMA says new COVID cases no surprise

No surprise says Port of Spain business operators following yesterday’s COVID scare in the city. President of the Downtown Owners and Merchants Association Gregory Aboud tells Newscenter 5 the possibility always existed with the traffic of people in and out … Continue reading

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Thermal scanners to be employed by CAL

Thermal scanners are to be employed by Caribbean Airlines in its bid to control the spread of COVID-19. Speaking with Newscentre 5 yesterday head of Corporate Communications Dionne Ligoure said that the scanners are for the Piarco head office in … Continue reading

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Finance Minister clears the air on criteria for businesses to secure VAT refunds

The Finance Minister is seeking to clear the air on the criteria for businesses to secure VAT refunds. During a media briefing yesterday Minister Colm Imbert said there was a circular notice by a private accounting firm on the issue … Continue reading

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CDB says many Caribbean countries will experience economic decline in coming months

The Caribbean Development Bank says many Caribbean countries will experience a general decline in economic activity in the coming months in light of COVID-19’s impact. In a release the CDB, many of these countries, including those, which will be supported … Continue reading

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WITCO records profit of $105 Million after tax

The West Indian Tobacco Company Ltd records a profit after tax of $105 million for the 3 months ended 31st March 2020.

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