T&T’s ex­ports to the Unit­ed King­dom and Eu­ro­pean mar­kets are grow­ing with lo­cal com­pa­nies re-en­ter­ing the space and new in­vest­ments on the hori­zon.

When it comes to en­er­gy, T&T’s needs to main­tain the cur­rent pace of ac­tiv­i­ty in the main­stay of the econ­o­my and do every­thing pos­si­ble to con­tin­ue to at­tract in­vest­ment in a very com­pet­i­tive in­ter­na­tion­al en­vi­ron­ment. 

Chair­man of Re­pub­lic Fi­nan­cial Hold­ings Ltd (RFHL), Vin­cent Pereira an­nounced yes­ter­day that the group record­ed a prof­it at­trib­ut­able to eq­ui­ty hold­ers of $547 mil­lion for the three-month pe­ri­od end­ed De­cem­ber 31, 2024, an in­crease of $44 mil­lion or 8.8 per cent year-on-year.

Uni­ver­si­ty of the West In­dies econ­o­mist, Dr Vaalmik­ki Ar­joon, says Trinidad Ce­ment Ltd's (TCL) im­pend­ing ce­ment price hike of 7 per cent from Feb­ru­ary 17, un­der­scores the need for a ro­bust com­pe­ti­tion pol­i­cy to pro­tect con­sumers from un­fair price in­creas­es, high­light­ing the need for at least one oth­er lo­cal ce­ment provider ca­pa­ble of com­pet­ing with TCL.

Wi­Pay Re­mit­tance yes­ter­day rolled out its part­ner­ship with home goods re­tail­er, Miguel Moses, to fa­cil­i­tate in­ter­na­tion­al mon­ey trans­fers that pro­vide cash pick­up lo­ca­tions in Trinidad.

State-owned Paria Fu­el Trad­ing Com­pa­ny Lim­it­ed (Paria) yes­ter­day clar­i­fied that no third par­ty is in­volved in the con­trac­tu­al arrange­ment be­tween Paria and Petro­jam.

Trinidad Ce­ment Ltd's im­pend­ing 7 per cent ce­ment-price hike, which will take ef­fect from Feb­ru­ary 17, by the was dis­cussed when Cab­i­net met yes­ter­day, Guardian Me­dia un­der­stands.

Ma­jor­i­ty state-owned First Cit­i­zens Group yes­ter­day re­port­ed prof­it af­ter tax of $239.96 mil­lion for the three months end­ed De­cem­ber 31, 2024, a 1.2 per cent in­crease com­pared to the $237.07 mil­lion the com­mer­cial bank earned for the same pe­ri­od in 2023.

Ce­ment prices are set to in­crease by sev­en per cent from Feb­ru­ary 17, which is al­most a year to the day since it was last in­creased.

Notwith­stand­ing the clo­sure of the Point-a-Pierre re­fin­ery in No­vem­ber 2018, T&T still ex­ports sig­nif­i­cant vol­umes of gaso­line and diesel to re­gion­al mar­kets.

Last Thurs­day, a group of doc­tors gath­ered at Riz­zoni’s restau­rant at Movi­eTowne Fi­es­ta Plaza in Port- of-Spain.

The Over-the-Top (OTT) con­tent providers such as Al­pha­bet, Meta, Ap­ple, Ama­zon, Tik­Tok, and Net­flix con­tin­ue to reap the fi­nan­cial ben­e­fits of the telecom­mu­ni­ca­tions net­works in the re­gion.