Business

Over 100 TSTT workers to be sent home

Over 100 work­ers are ex­pect­ed to be sent home as the Telecom­mu­ni­ca­tions Ser­vices of Trinidad and To­ba­go (TSTT) be­gins the im­ple­men­ta­tion of its “new struc­ture.”

Con­fir­ma­tion of the move came via a let­ter from the com­pa­ny to the Com­mu­ni­ca­tions Work­ers’ Union (CWU) on Mon­day.

In the let­ter ad­dressed to CWU sec­re­tary gen­er­al Clyde El­der, dat­ed No­vem­ber 12, a se­nior TSTT in­dus­tri­al re­la­tions man­ag­er out­lined the changes to the CWU, which were re­port­ed­ly dis­cussed at a meeting on Oc­to­ber 26.

Chamber urges no more delays in passing Income Tax Amendment Bill

The Trinidad and Tobago Chamber of Industry and Commerce is warning that delay-tactics regarding the passage of the Income Tax Amendment Bill will negatively impact an already fragile economy and the stability in this country's financial system.

In a statement it issued today, the Chamber says cross-border tax regulations are fast becoming the norm in global business.

Young: It's a distortion...no foreign petrol has been sold at the pumps

Communications Minister, Stuart Young says that no imported fuel has been sold at gas station pumps as yet, as he sought today to debunk rumours that imported fuel is burning faster than the local fuel from Petrotrin.

Speaking at today's post-Cabinet news conference, Minister Young said that Petrotrin only got its first batch of imported fuel last night.

Espinet: I didn't recommend Petrotrin be closed

Petrotrin chair­man Wil­fred Es­pinet says while he told Gov­ern­ment of­fi­cials that the re­fin­ery would like­ly not be prof­itable in a meet­ing in Jan­u­ary, he nev­er ad­vised Gov­ern­ment to close down Petrotrin.

Es­pinet made the com­ment yes­ter­day dur­ing cross-ex­am­i­na­tion by Oil­fields’ Work­ers’ Trade Union at­tor­ney Dou­glas Mendes SC, as the union’s in­dus­tri­al re­la­tions of­fence com­plaint against Petrotrin con­tin­ued.

Opposition Leader talks to Guyana private sector on energy

Op­po­si­tion Leader Kam­la Per­sad-Bisses­sar will speak to the Guyanese pri­vate sec­tor on lessons Trinidad and To­ba­go has learned on man­ag­ing oil and gas rev­enues when she at­tends a func­tion in Guyana to­mor­row.

Per­sad-Bisses­sar will give the pre­sen­ta­tion as the fea­tured speak­er at the 23rd Awards Pre­sen­ta­tion and Din­ner host­ed by the Guyana Man­u­fac­tur­ing & Ser­vices As­so­ci­a­tion’s (GM­SA) at the Pe­ga­sus Ho­tel, George­town.

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