Category Archives: Business News
455 jobs to be done away with at TSTT says the CWU
The Telecommunication Services of Trinidad and Tobago has no intention of giving details of its talks on restructuring and claims that 455 employees are to be sent home. Yesterday the Communication Workers Union’s Secretary General, Clyde Elder, divulged some of … Continue reading
Owners of properties in T&T have just hours to fill submit property tax forms
Owners of properties in this country have just hours to fill out and submit their forms to the Ministry of Finance. Failing to do so would lead to penalties. Up to last November, 165,000 property tax forms were submitted. Two … Continue reading
BIGWU and JTUM slam profit making Scotia Bank over plans to retrench 149 workers
The Banking Insurance and General Workers Union is not buying Scotia Bank’s reasons for sending home 149 of its employees. BIGWU wants the bank to scrap the plan, which is to unfold in the coming weeks. In a memo to … Continue reading
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
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
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
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
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
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
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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