Business

TTMA leads trade mission to Jamaica

The Trinidad and Tobago Manufacturers’ Association (TTMA) has embarked on the trade mission to Jamaica and is scheduled to return April 21st, 2018.

The delegation is led by Permanent Secretary in the Ministry of Trade and Industry, Norris Herbert and TTMA President Christopher Alcazar.

The TTMA is also working closely with the Jamaican Chamber of Commerce (JCC) and the Trinidad and Tobago High Commission in Jamaica.

DOMA: Wreckers wrecking business in downtown Port-of-Spain

The Downtown Owners and Merchants Association (DOMA) is complaining that the wrecking service is destroying business in the capital city.

DOMA says it cannot understand the logic of wrecking delivery vehicles.

The Association issued the following statement on Tuesday:

"We write to make public our appeal for help regarding the growing aggression of the wrecker service in downtown Port-of-Spain.

PM & team meet with Shell executives on gas development in T&T

Prime Minister Dr Keith Rowley led a delegation of energy experts to meet with Shell executives in London today, a statement by the Office of the Prime Minister said.

The Government’s delegation included: Minister of Energy and Energy Industries, Franklin Khan, Minister in the Office of the Prime Minister and the Ministry of the Attorney General and Legal Affairs, Stuart Young, Mark Loquan, President of National Gas Company, Leroy Mayers, Heidi Wong and Richard Jeremie, advisors in the Ministry of Energy and Energy Industries.

NGC profit up 37% to $989 million

The NGC Group has recorded profit after tax of $989 million for 2017, a 37.3% or $269 million increase above the 2016 reported profit after tax of $721 million.

Revenue increased by $2.977 billion from $10.903 billion in 2016 to $13.881 billion, driven by higher ammonia and methanol prices of 2% and 61% respectively.

A statement by the NGC says that the board and management’s agenda to re-engineer the business for sustainable growth, improved profitability and continuous industry-wide development has been successful.

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