Air Jamaica pilots want to start own airline
What’s the situation with the beleagured AirJamaica which has racked up hundreds of millions of
dollars in losses? Well, the Trinidad and Tobago Government which was approached by the Jamaica Government to
possibly buy the airline has signed a letter of intent with that Government and has made it quite
clear that it would not be putting good [...]
GHL sheds load
Guardian Holdings, which suffered hefty losses in its last financial year, last week sold two foreign loss making European motor insurance companies, Zenith Insurance and GHL Insurance Services UK Ltd.
GHL Group CEO Jeffrey Mack revealed that the two companies are being sold to MarkerStudy Holdings, a Gibraltar-based insurance company.
“This move is part [...]
Get off that dead horse!
Expert gives tips to businesses walloped by recession.
In this economic downturn, it is easy for small and medium-sized enterprises (SMEs) to find themselves in difficulty, especially newer SMEs and those that did not prepare for the unexpected leaner times.
However, there is hope: Spence M Finlayson, Bahamas-born and world renowned motivational speaker and corporate trainer [...]
Bad banana medicine from Europe
The Windward Island governments which produce bananas-St Vincent and the Grenadines, Grenada, St Lucia and Dominica- have certainly not benifited from the much-vaunted Summit of the Americas here or the Economic Partnership Agreement (EPA) which they were , literally, bullied into signing this time last year. These banana producing territories, which account for a mere [...]
TPC has good year
People are not reading the Guardian but it pulls in the advertising. The Guardian’s sister companies are also making money. They all happen to be part of the Ansa McAl business empire.
The Trinidad Publishing Company made not be doing well in the media stakes but it keeps making money- some $26.7 million, before [...]
New Caribbean ferry service from Tuesday
It’s very expensive to travel throughout the Caribbean by air. A new ferry offers fares which are half that offered by Liat or Caribean Airlines.
In the old days, people travelled throughout the Caribbean by windjammers, small boats with sails, sometimes engines. There were no airlines then and BWIA’s service was very [...]
MTS has another big year
MTS has three successive profitable years. The chairman ascribes this to prudent management
The stereotype of a state enterprise is that of a bumbling, loss-making company.
Whether this is true or not, the National Maintenance and Security Company Ltd (MTS) surely does not fit this description.
MTS is, in fact, one of many Government-owned or controlled companies [...]
LJ Williams racks up $.4million losses
The outlook for the company remains gloomy. Things may turn around this time next year..
L.J.Williams Ltd is singing the blues.
Things are slow. Its financial statements now represent a 15-month period (“due to the change in our year end”) and this could not prevent the company from having a before tax loss of $422,000.
How did this [...]
Launch of new business body
Businesses are rushing to join this new chamber of commerce. There are names like Bank of Baroda, Mittal Steel.
The Trinidad and Tobago-India Chamber of Industry and Commerce will be launched on Tuesday at the Centre of Excellence and it is expected to be a grand affair.
The Tntinsider learnt from business sources [...]
Eating through the recession
Trinidadians and Tobagonians are eating their way through the recession. And KFC is crying all the way to the bank.
This country has an astounding 53 KFC outlets, probably making it one of the most chicken licking nations.
This tidbit was supplied by Prestige Holdings Ltd, which continues supplying Trinis with tasty but high cholesterol junk food [...]