Unit-linked in­sur­ance prod­ucts are a type of pooled in­vest­ment of­fered by in­sur­ance com­pa­nies through their life or pen­sion poli­cies. The mar­ket for unit-linked in­sur­ance prod­ucts rep­re­sents one of the fastest grow­ing seg­ments in the glob­al in­sur­ance in­dus­try. Since 1990, the de­mand for unit-linked in­sur­ance prod­ucts has been in­creas­ing in the Caribbean and the mar­ket is pro­ject­ed to ex­pand. By 2024, unit-linked life in­sur­ance con­tracts sold in T&T were val­ued at ap­prox­i­mate­ly $6.3 bil­lion, up from $2 bil­lion in 2008, an in­crease of 194 per cent in 16 years.

Mod­erni­sa­tion of elec­tric­i­ty grids and joint in­vest­ment is a part of the con­ver­sa­tion that Caribbean coun­tries should be hav­ing to move away from their fos­sil fu­el pasts and in­to re­new­able en­er­gy fu­tures, ac­cord­ing to Bar­ba­dos Min­is­ter of En­er­gy and Busi­ness, Lisa Cum­mins.

Trinidad Gen­er­a­tion Un­lim­it­ed (TGU) and NCB Fi­nan­cial Group Lim­it­ed (NCBFG) are plan­ning to raise US$500 mil­lion and US$300 mil­lion, re­spec­tive­ly, in the in­ter­na­tion­al cap­i­tal mar­kets to re­fi­nance ex­ist­ing debt.

Around the world, ini­tial pub­lic of­fer­ings (IPOs) of shares in pub­lic com­pa­nies are pop­u­lar among in­vestors be­cause they present the po­ten­tial for high re­turns, es­pe­cial­ly if the IPO is priced at a dis­count to its in­trin­sic val­ue. IPOs al­so present an op­por­tu­ni­ty to in­vest in com­pa­nies that are do­ing dif­fer­ent things or do­ing things dif­fer­ent­ly. And third­ly, IPOs al­low for the di­ver­si­fi­ca­tion of an in­vestor’s port­fo­lio.

ANSA McAL Lim­it­ed is look­ing in­to in­creas­ing the re­cov­ery of green­house gas­es, in­clud­ing hy­dro­gen, from its Caribbean plants.

Lo­cal­ly, two of the coun­try’s bet­ter known malls, Long Cir­cu­lar Mall and Trinci­ty Mall, were list­ed for sale with the lat­ter be­ing sold for $505 mil­lion to a con­sor­tium of re­al es­tate de­vel­op­ers—John­ny Aboud, An­tho­ny Ra­hael, and con­trac­tors Kall­Co and Fides Ltd.

When state-owned oil com­pa­ny Petrotrin in Pointe-a-Pierre closed its doors in No­vem­ber 2018 due to fi­nan­cial loss­es and in­ef­fi­cien­cies, lead­ing to sig­nif­i­cant re­struc­tur­ing in the en­er­gy sec­tor, T&T lost a cor­ner­stone of its econ­o­my for over a cen­tu­ry.

Dr Maryam Ab­dool-Richards, Ger­ard Coop­er, and Tri­cia Coos­al re­signed on Tues­day and yes­ter­day, Dr Ster­ling Frost, Fran­ka Costel­loe and chair­man Ter­rence Bharath re­signed, com­pa­ny sources told Guardian Me­dia.

Econ­o­mist Dr An­tho­ny Gon­za­les is call­ing on the Gov­ern­ment to im­pose stiff penal­ties against man­agers at state en­ter­pris­es and at the mu­nic­i­pal cor­po­ra­tions who do not sub­mit au­dit­ed fi­nan­cial state­ments in a time­ly man­ner.

Pres­i­dent of bpTT David Camp­bell says the com­pa­ny is try­ing to be a more ef­fi­cient pro­duc­er and the elim­i­na­tion of waste is one way of do­ing that.

Ja­maica’s Fair Trad­ing Com­mis­sion (FTC) says the ac­qui­si­tion of Massy Dis­tri­b­u­tion (Ja­maica) by Aca­do Ltd (for­mer­ly Caribbean Dis­tri­b­u­tion Part­ners) has raised com­pe­ti­tion con­cerns, re­sult­ing in the trans­ac­tion be­ing “ad­vanced” to a phase 2 re­view.

NGC has been with­out a chair­man for al­most three weeks as the new gov­ern­ment was seek­ing to find a suit­able re­place­ment.