This is how chair­man Robert Bermudez has de­scribed the Massy Group’s per­for­mance for the sec­ond quar­ter of its fi­nan­cial year which end­ed Mach 31, 2020.

The ab­sence of Car­ni­val this year is be­ing blamed in part for the West In­dies To­bac­co Com­pa­ny los­ing more than $33 mil­lion in rev­enue dur­ing the first three months of this year.

Trinidad and To­ba­go In­sur­ance Lim­it­ed (Tatil) has an­nounced the suc­cess­ful con­clu­sion of its trans­ac­tion to ac­quire Tri­dent In­sur­ance Com­pa­ny (Tri­dent) in Bar­ba­dos.

Sev­en peo­ple work­ing on the Maer­sk Dis­cov­er­er off­shore drilling rig have test­ed pos­i­tive for COVID-19, bpTT has con­firmed."

T&T’s re­trench­ment fig­ures in­creased by 80 per cent last year, when com­pared to 2019, da­ta from the Cen­tral Bank has shown.

Around 1997 I was seat­ed in the hall at Queen’s Roy­al Col­lege lim­ing with my best friends Adri­an Gob­in and Richard De­noon when Gob­in told us he had an idea for a busi­ness.

Trinidad and To­ba­go can ex­pect to see a boost in its sup­ply of crude oil and fur­ther sta­bil­i­ty in its nat­ur­al gas sup­ply as the Block 3(a) Ru­by de­vel­op­ment project be­gins pro­duc­tion ahead of sched­ule.

BHP Bil­li­ton’s Ru­by field will not mean any net ad­di­tion­al gas will be added to the com­pa­ny or T&T’s nat­ur­al gas pro­duc­tion but would in­stead be used to keep present pro­duc­tion at peak lev­els for a longer time.

For­mer Cli­co In­vest­ment Bank (CIB) chair­man An­dre Mon­teil and for­mer CIB Pres­i­dent Richard Trot­man have been or­dered to pay al­most $100 mil­lion in resti­tu­tion to their for­mer em­ploy­er over a con­tro­ver­sial un­se­cured loan to Mon­teil be­fore the bank’s col­lapse.

Jour­nal­ists are sto­ry­tellers and you of­ten find your­self sur­prised at the twists and turns that your sto­ry can take.

Over $70 mil­lion of bad debt is set to be writ­ten off by Ven­ture Cred­it Union as it at­tempts to be ful­ly com­pli­ant with the in­ter­na­tion­al ac­count­ing stan­dards for fi­nan­cial in­sti­tu­tions.

The T&T Man­u­fac­tur­ers’ As­so­ci­a­tion has rec­om­mend­ed to Gov­ern­ment that there must be in­creased fo­cus and in­spec­tion at the coun­try’s var­i­ous bor­ders, es­pe­cial­ly at the ports and with­in the Free Trade Zone to clamp down on il­lic­it trade and oth­er nu­mer­ous forms of crim­i­nal ac­tiv­i­ties.