De­spite the re­cent an­nounce­ment of the down­siz­ing of its work­force in T&T, Pro­man is look­ing for­ward to good news in the up­com­ing bud­get pre­sen­ta­tion.

The Cen­tral Bank and eight part­ner in­sti­tu­tions have re­newed their com­mit­ment to ad­vanc­ing fi­nan­cial lit­er­a­cy across the coun­try through the sign­ing of a new Mem­o­ran­dum of Co­op­er­a­tion (MOC), aimed at strength­en­ing col­lab­o­ra­tion on fi­nan­cial ed­u­ca­tion ini­tia­tives and im­prov­ing the fi­nan­cial well-be­ing of cit­i­zens.

ANSA McAL Ltd has ex­e­cut­ed an amend­ed and re­stat­ed loan agree­ment that re­fi­nances an ex­ist­ing syn­di­cat­ed fa­cil­i­ty and pro­vides the com­pa­ny with the op­tion to ac­cess ad­di­tion­al fund­ing for gen­er­al cor­po­rate pur­pos­es.

Massy Hold­ings said yes­ter­day that it ex­pects to record an ac­count­ing loss of ap­prox­i­mate­ly US$9.8 mil­lion ($66.54 mil­lion) on the sale of its Cater­pil­lar-re­lat­ed line of busi­ness and re­lat­ed as­sets in T&T to Ma­chin­ery Cor­po­ra­tion Mo­tors (MA­CORP). The loss would al­so in­clude the re­or­gan­i­sa­tion of Massy re­main­ing ma­chin­ery busi­ness, com­pris­ing Shell lu­bri­cants and trucks, the group said.

Na­tion­al En­tre­pre­neur­ial De­vel­op­ment Com­pa­ny (NED­CO) CEO Dan­ny Ma­haraj says the state agency is step­ping up its dri­ve to help mi­cro and small en­tre­pre­neurs ex­pand their busi­ness­es, with op­por­tu­ni­ties emerg­ing for T&T com­pa­nies to en­ter the Cana­di­an mar­ket.

Nestlé Trinidad and To­ba­go will change its dis­tri­b­u­tion mod­el in Jan­u­ary 2027, with Massy Dis­tri­b­u­tion Di­vi­sion be­com­ing the com­pa­ny’s main dis­trib­u­tor lo­cal­ly.

Last month, as I pe­rused the busi­ness sec­tion in the lo­cal news­pa­pers, two ar­ti­cles at­tract­ed my at­ten­tion, the first a sto­ry on the In­ter-Amer­i­can De­vel­op­ment Bank’s in­ter­est in the lo­cal ven­ture cap­i­tal ecosys­tem, and the sec­ond, the com­ple­tion of a two-part sale trans­ac­tion which end­ed with the sale of 55 per cent share­hold­ing of Trinidad Sys­tems Lim­it­ed (TSL) to the

The Pub­lic Pro­cure­ment leg­is­la­tion is once again in the spot­light. The Pub­lic Pro­cure­ment and Dis­pos­al of Pub­lic Prop­er­ty (Amend­ment) Bill, 2026, has passed the House of Rep­re­sen­ta­tives but, at the time of writ­ing, there is no fi­nal out­come

As T&T ap­proach­es its up­com­ing na­tion­al bud­get pre­sen­ta­tion un­der the weight of a se­vere dual cri­sis: per­va­sive vi­o­lent and white-col­lar crime along­side an acute short­age of for­eign ex­change.

West In­di­an Traders Ltd has of­fi­cial­ly closed its mile­stone 30th year of op­er­a­tion, mark­ing its de­but as a pub­licly list­ed en­ter­prise with a strong surge in top-line rev­enue along­side strate­gic op­er­a­tional re­align­ments.

Cana­di­an busi­ness­es are show­ing grow­ing in­ter­est in Trinidad and To­ba­go, with man­u­fac­tur­ers and oth­er lo­cal com­pa­nies be­ing of­fered greater op­por­tu­ni­ties to en­ter the Cana­di­an mar­ket large­ly tar­iff-free, Cana­di­an High Com­mis­sion­er Michael Callan says.

A sup­pli­er can spend mon­ey prepar­ing a bid, lose the con­tract and have to de­cide whether it can af­ford to ask if the process was law­ful. Un­der the pro­posed Pub­lic Pro­cure­ment and Dis­pos­al of Pub­lic Prop­er­ty (Amend­ment) Bill, 2026, that de­ci­sion could be­come more ex­pen­sive and the time avail­able to make it much short­er.