Business

Fuel suppliers demand up front payment

State-owned Paria Fu­el Trad­ing Com­pa­ny could be on a col­li­sion course with the Gov­ern­ment and State-en­ter­prise Na­tion­al Pe­tro­le­um Mar­ket­ing Com­pa­ny Lim­it­ed as it is in­sist­ing it must get time­ly pay­ments from the Min­istry of Fi­nance for the fu­el sub­sidy and wants NP to pay for its fu­el on time.

Sando business assoc. head: Decrease in petty crimes in lead up to Carnival

With 24 more mu­nic­i­pal po­lice of­fi­cers pa­trolling the streets of San Fer­nan­do, pres­i­dent of the San Fer­nan­do Busi­ness As­so­ci­a­tion Daphne Bartlett says there has been a marked de­crease of pet­ty crimes in the lead­up to Car­ni­val.

In an in­ter­view, Bartlett said since her as­so­ci­a­tion met with Po­lice Com­mis­sion­er Gary Grif­fith two months ago, sev­er­al crime pre­ven­tion strate­gies were rolled out which has great­ly re­duced crime in the south city.

40,300 phones idle in Miami warehouse as $500m TSTT deal goes sour

An ex­plo­sive in­ter­nal re­port at the Telecom­mu­ni­ca­tions Ser­vices of T&T (TSTT) has de­tailed and raised ques­tions about an over $500 mil­lion deal gone sour.

News of this deal comes against the back­drop of the dis­missal of more than 500 work­ers over the past month, with high op­er­a­tional over­heads be­ing giv­en as the rea­son be­hind the move.

Guardian Me­dia has found that the mis­man­age­ment of a US$84.1 mil­lion deal with CT Mi­a­mi was raised be­cause it al­leged­ly breached sev­er­al of the com­pa­ny’s cor­po­rate poli­cies.

Espinet, Sahadeo on two boards of Petrotrin replacement companies

Former Minister in the Ministry of Finance Christine Sahadeo has been appointed to boards of two of the four companies that have been created to replace Petrotrin.
 
Sahadeo whose last tenure on a government board ended with her resignation from the Port Authority of Trinidad and Tobago has been named to the boards of Paria Fuel Trading Company and the Guaracara Refining Company Limited.
 
Heritage Petroleum and Paria Fuel Trading Company boards continue to be chaired by Wilfred Espinet while Reynold Adjodhansingh remains deputy chairman.

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