Business

Street vendors get Christmas reprieve in Chaguanas

Street ven­dors will be al­lowed to ply their trade in the bor­ough of Ch­agua­nas from Mon­day.

How­ev­er, ven­dors will be re­strict­ed to Marc Street and will be mon­i­tored by the po­lice.

No vend­ing would be al­lowed on the Ch­agua­nas Main Road, po­lice said.

Ch­agua­nas May­or Gopaul Bood­han and ASP Richard Smith toured the Ch­agua­nas Main Road and Marc Street over the week­end to as­sess the area which will be used to ac­com­mo­date street ven­dors and shop­pers for the last week of shop­ping.

Scotiabank reports $644 million after-tax income

Scotiabank Trinidad and Tobago Ltd (Scotiabank) today reported income after taxation of $644 million for year ended 31 October 2018, a decrease of $13 million or 2% over the comparative period last year.

Scotiabank says this reduction in profitability was driven by the increased corporation tax rate levied on commercial banks at 35%, combined with higher levels of loan loss provisioning.

It says it continues to highlight its financial strength with Return on Equity at 16.05% and Return on Assets at 2.69%.

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