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 [...]
Clico pumps up PR campaign
Full page ads with veteran insurance salespeople are now appearing in newspapers. Clico now feels confident to face the public as it re-brands its image.
Clico has begun revving up its public relations campaign to re-brand the image of a company which was saved by the Government, earlier this year, from crashing into a $10 [...]
Crackdown on counterfeit goods
Somebody is trying to sell fake geometry sets. Ten years ago the market was flooded with counterfeit Reebok sneakers
The day of reckoning seems to have come for local companies that sell counterfeit and substandard goods on the Trinidad and Tobago market.
A recent advertisement in a daily newspaper announced that under Trinidad and Tobago law, [...]
$2.5 billion profits in 2008 for Petrotrin
Petrotrin had revenues of $40 billion last year. The picture is certainly different in 2009.
Petrotrin is expected to lose a tremendous amount of money this year but last year this State-owned entity, arguably the Government’s flagship company, made almost $2.5 billion after tax from revenues of a colossal $40 billion.
These revenues were 51.5 per cent [...]
Sales dip at Ansa McAl
The conglomerate is seeking a stimulus package from the Government for exports and construction. McAl is eyeing Central America as there is a fall off in business in Caricom.
The Ansa McAl Group has taken in front and, of late, has been calling for the fashionable “stimulus” package as earnings take a dive.
Mind you, [...]
Turnaround at NFM
National Flour Mills makes a profit for the first time in years. The husband of former cabinet minister Christine Sahadeo has made a difference at the helm.
Things are looking up for National Flour Mills (NFM) after several years of losses.
The country’s first flour mill made a before tax profit of $1.1 million for the [...]
Bobb steps into Clico storm
There are troubled waters in Clico after resignations earlier this week. The chairman is reassuring employees and the public that Clico is well on the road to recovery.
While Dr Euric Bobb, chairman of embattled Clico has reportedly rushed to reassure employees and policyholders that the company is now on an upward path, there [...]
Barbados seeks TT oil expertise
The Bajans produce approximately 1,000 barrels of oil daily and this is refine at Pointe-a-Pierre. However, some citizens see a further foray into the oil industry leading to corruption and pollution of the environment.
Three weeks ago, an ad appeared in a Trinidad newspaper seeking staff with experience in the oilfields and [...]
Clico stops coup by rival
Agents were offered attractive package by rival company. Clico holds meeting today about the matter.
Clico, last week, moved quickly to prevent a takeover of staff at three of its branches by a rival insurance company, the Tntinsider was reliably informed.
The company closed the branches at St James, St Clair and Valpark and [...]