Business

Mid-Year Review: Chamber encouraged but cautious

The Chamber of Industry and Commerce says it is encouraged by some of the issues raised by Finance Minister Colm Imbert in the Mid-Year Review but remains cautious as the Minister's optimism is based on energy prices.

The Chamber issued the following statement on the Mid-Year Review:

"The Trinidad and Tobago Chamber of Industry and Commerce notes the optimism expressed by the Minister of Finance in today’s Mid-Year Budget Review.

Caribbean Airlines' revenue up 21 percent

Caribbean Airlines is reporting a 21 percent increase in revenue over the last year.

This follows a 7% increase in the demand on passenger revenue.

The airline issued a statement on the improvements today.

"With a revenue boost from strong passenger demand and increased cargo business together with enhanced cost management, Caribbean Airlines got off to a great start in 2018.

UNC deputy political leader says finance minister misleading the population

UNC deputy political leader David Lee is accusing finance minister Colm Imbert of misleading the population.

According to the Pointe-a-Pierre MP, the minister's comment that the recent downgrade by Standard and Poor's was as a result of inaccurate data provided by the energy ministry is erroneous.

He says according to a release issued by the international credit rating agency, the company did take into consideration the fact that this country would be experiencing increases in oil and gas production.

Rock Hard Cement refutes 'dumping' claims

Rock Hard Cement is refuting a recent media claim that alleged the company was dumping cement.

The company issued a statement to on its position regarding the media report.

"A claim was made in the media regarding the dumping of cement by Rock Hard Cement Limited. Dumping suggests that the product in question is inferior or of a substandard quality. This claim is completely incorrect.

Rock Hard Cement is a premium quality cement which has been certified by the Trinidad & Tobago Bureau of Standards.

Pages