The Ex­plo­ration and Pro­duc­tion (Pub­lic Pe­tro­le­um Rights) Li­cence for the Rio Claro block has been grant­ed to Na­tion­al Gas Com­pa­ny of T&T (NGC) E&P In­vest­ments Lim­it­ed and Primera Oil and Gas, a whol­ly owned sub­sidiary of Touch­stone Ex­plo­ration Inc.

Af­ter a week in which con­cerns over the avail­abil­i­ty and dis­tri­b­u­tion of for­eign ex­change have risen, it has emerged that the In­ter­na­tion­al Mon­e­tary Fund (IMF) has cau­tioned T&T in all of the last three Ar­ti­cle IV con­sul­ta­tions with the Min­istry of Fi­nance and Cen­tral Bank that T&T “main­tains an ex­change re­stric­tion and two mul­ti­ple cur­ren­cy prac­tices sub­ject to the Fund’s ap­proval un­der Ar­ti­cle VI­II, Sec­tion 2(a) and Sec­tion 3.

Loans for Christ­mas, along with those for debt con­sol­i­da­tion and home im­prove­ment, have re­mained as the top three in de­mand from cred­it unions in T&T.

The re­duc­tion of the US-dol­lar spend­ing lim­it on cred­it cards is­sued by lo­cal com­mer­cial banks con­tin­ues to be a ma­jor prob­lem as it is putting a sleep­er hold on lo­cal busi­ness­es and al­so forc­ing them to use sev­er­al cred­it cards to im­port goods.

It is ex­treme­ly dif­fi­cult to ac­cess for­eign ex­change for port­fo­lio in­vest­ing pur­pos­es.

The Na­tion­al Flour Mills (NFM) is ex­plor­ing link­ages with In­dia in the area of rice pro­duc­tion.

T&T’s ac­com­mo­da­tion sec­tor will get an ad­di­tion­al boost with two ho­tels car­ry­ing the Hilton brand due to join Trinidad’s ac­com­mo­da­tion sec­tor in the next two years.

Caribbean Air­lines (CAL) has an­nounced the rein­tro­duc­tion of ser­vice be­tween Kingston, Ja­maica and Fort Laud­erdale in Flori­da from De­cem­ber 15, 2024.

PriceS­mart, which op­er­ates four mem­ber­ship shop­ping ware­house clubs in Trinidad, has tak­en a de­ci­sion to sell its sus­tain­able pack­ag­ing plant in this coun­try.

Ma­jor­i­ty state-owned First Cit­i­zens Bank yes­ter­day is­sued a no­tice to its cus­tomers ad­vis­ing how to pay prop­er­ty tax on­line.

The on­line pay­ment of prop­er­ty tax will come on stream from to­day, as­sured Fi­nance Min­is­ter Colm Im­bert.

Cen­tral Bank Gov­er­nor Dr. Alvin Hi­laire said there is an im­bal­ance in this coun­try's for­eign ex­change mar­ket, but the bank is do­ing its best to meet the de­mands.