Business

Central Bank Governor: Don’t worry about foreign reserves

Although T&T used up half of a billion dollars of foreign reserves over the past six months and is likely to use more for the rest of the year, the country should not be worried, Central Bank Governor Alvin Hilaire said yesterday.

4,500 jobs to be created at new Phoenix Park

Trade Minister Paula Gopee-Scoon has given more details of two major projects between Government and Beijing Construction Engineering Group Co. Ltd. (BCEG) which are to be implemented by Lake Asphalt Limited and Evolving Tecknologies and Enterprise Development Company Limited (eTeck).

This follows Monday;s signing of a memorandum of understanding by Zhang Chuancheng Deputy General Manager, BCEG and Steve De Las President of eTeck for development of the Phoenix Park Industrial Estate.

CAL ranked 34th in world for on-time performance

Caribbean Airlines (CAL) has been ranked as 34th in the world, based on on-time performance (OTP) for May 2018, by the Official Aviation Guide (OAG).

A statement by CAL says the OTP of over 150 airlines was used to determine the ranking.

According to the OAG’s monthly Flight Review, Caribbean Airlines' OTP for May is 85.6%, based on the 2,693 flights operated by the airline.

CAL says this places it in the top 10 percentile worldwide.

T&T energy pioneer Anthony Beaubrun has died

Anthony Beaubrun, one of the pioneers of Trinidad and Tobago energy sector, has died.

His family reports that he died at the Port of Spain General Hospital, days before his 83rd birthday on June 26th. 

Mourning his passing are his immediate family, wife Patricia Beaubrun, daughter Giselle Beaubrun, son Dominic Beaubrun and grandsons Robert Yeates and Jean Beaubrun.

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