Business

Gov't meets with potential Chinese investors

Minister of Trade and Industry Paula Gopee-Scoon a has met with potential foreign investors targeted for the new Phoenix Park Industrial Estate.

The meetings took place in Beijing, China on Wednesday. 

A statement by the ministry says the investors are mainly involved in light manufacturing activities such as the manufacture of bus products, electrical equipment, medical supplies and green building materials.

CAL makes $48M profit; concern over 'low' Tobago ticket prices

Caribbean Airlines has reported its unaudited financial results for the nine months ended September 30, 2018, which shows the airline has moved into an operating profit and is net income positive for the year-to-date.

The unaudited accounts for the nine months to September 30, 2018 show Earnings Before Interest and Taxes (EBIT) of positive TT$96 million - this is comprised of TT$118 million on international and other operations and negative TT$22 million on the domestic air bridge.

Skimmers hit Scotia customers

Skim­mers have re­port­ed­ly suc­cess­ful­ly stolen close to $.2 mil­lion from bank ac­counts be­long­ing to Sco­tia­bank cus­tomers.

In the lat­est scam, which po­lice said oc­curred on Fri­day be­tween 8 pm and 11 pm, mon­ey was with­drawn from bank ac­counts through card skim­ming.

Vic­tims from Fri­day had as much as $5,000 with­drawn from their ac­counts.

Yes­ter­day, two of the vic­tims con­tact­ed the T&T Guardian and said they had lodged of­fi­cial re­ports at the T&T Po­lice Ser­vice’s Fraud Squad and Sco­tia­bank’s Port-of-Spain head of­fice.

Church fights Petrotrin for land to build

As Petrotrin moves to de­stroy the Church of God of Prophe­cy in Bar­rack­pore, wor­ship­pers are call­ing on the com­pa­ny to pro­vide a piece of land so that the church can at least be re­lo­cat­ed.

The church was built close to an oil well in­stal­la­tion at Mus­sarap Trace, Bar­rack­pore. A sign in front the church reads, "Petrotrin Prop­er­ty No Tres­pass­ing."

Huawei helps the helpers in flood relief efforts

The local arm of Huawei, a global provider of information and communications technology (ICT) infrastructure and smart devices, has joined relief efforts following last weekend's floods.

On Friday Huawei T&T Limited recognised that, following the vast flooding in several areas, there were officers out on the front lines helping others in their communities with relief efforts, while their own homes and families were affected by flooding. 

The management and staff of Huawei T&T rallied to collect a variety of items to donate to the Trinidad and Tobago Prison Service.

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