The Association of Trinidad and Tobago Insurance Companies (ATTIC) said it notes with concern the current parliamentary deadlock on the Income Tax Amendment Bill 2018.
The passage of this bill is critically important to enable the country to implement the Exchange of Information Request Standards (EOIRS) thereby becoming compliant with the Global Forum on Transparency and Exchange of Information for tax purposes.
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The Oilfields Workers’ Trade Union (OWTU) says it will file contempt of court proceedings against Petrotrin for its failure to discuss the criteria being used to staff the Heritage Petroleum Company Ltd and the Paria Fuel Trading Company.
In a media conference at the union’s Paramount Building in San Fernando Tuesday, OWTU president general Ancel Roget said that the union was planning to get the process started.
National Security Minister Stuart Young has signed a Memorandum of Understanding (MOU) with stakeholders in the energy sector, to formalise existing security arrangements between the government and energy sector companies as well as strengthen relations by providing a framework for the sharing of security-related information.
A statement by the ministry says the agreement aims to bolster cooperation and safeguard the sector from the various threats it faces.
Trinidad and Tobago faces the possibility of losing Caricom markets for the export of fuel as the price of fuel coming out of T&T is likely to increase.
Minister of Energy and Energy Industries, Franklin Khan told the Senate today that Caricom countries now have the option of sourcing their products on the open market.
He said that Petrotrin still has the ability to supply small cargoes, including aviation fuel, to small Caricom countries, which gives it a strategic advantage.
Proman Group has today announced that it will sponsor the production of a new comic book series on the life of Professor Kenneth Julien highlighting his life and achievements.
Dr Euric Bobb, Chairman of Methanol Holding Trinidad Limited (MHTL), a subsidiary of the Proman Group, announced the partnership on behalf of Proman earlier today at the Institute of Electrical and Electronics Engineers Trinidad and Tobago (IEEETT) conference to honour Professor Julien’s life.