En­er­gy Min­is­ter Franklin Khan has made a bold pre­dic­tion that by 2025 crude oil pro­duc­tion will in­crease to 92,000 bar­rels of oil per day (bopd), up from its present pro­duc­tion of 57,000 bopd.

Colfire was pre­vi­ous­ly list­ed by Fi­nance Min­is­ter Colm Im­bert as one of the as­sets that CL Fi­nan­cial could sell to re­pay its $30 bil­lion debt to tax­pay­ers.

Sco­tia­bank Trinidad and To­ba­go Ltd made $3 mil­lion more in in­come af­ter tax for the first quar­ter end­ed Jan­u­ary 31, 2021, when com­pared the same pe­ri­od last year.

On Tues­day, the Or­gan­i­sa­tion for Eco­nom­ic Co-op­er­a­tion and De­vel­op­ment (OECD) raised its fore­cast for glob­al eco­nom­ic growth up­ward by more than one per­cent­age point.

Na­tion­al Flour Mills Lim­it­ed (NFM) says it has been forced to raise the prices of its an­i­mal feed prod­ucts, with in­creas­es rang­ing from 3 to 14 per cent due to the es­ca­lat­ing cost of pur­chas­ing soy­bean meal and corn.

GraceKennedy (GK) has come to an agree­ment with Sco­tia In­sur­ance Caribbean Ltd to ac­quire 100 per cent of the shares of Sco­tia In­sur­ance East­ern Caribbean Ltd (SIECL), with the as­so­ci­at­ed trans­ac­tion be­ing sub­ject to reg­u­la­to­ry ap­provals and oth­er cus­tom­ary clos­ing con­di­tions.

Re­pub­lic Bank had an­nounced the launch of End­cash, the first mo­bile wal­let so­lu­tion in Trinidad and To­ba­go.

This was the state­ment made by RBC In­vest­ment Man­age­ment (Caribbean) Ltd as it looked back on the year since the on­set of the COVID-19 pan­dem­ic.

The Bank of Guyana has stat­ed it has not been in­formed about the sale of Sco­tia­bank’s op­er­a­tions in Guyana to Trinidad and To­ba­go’s First Cit­i­zens Bank Lim­it­ed.

Sco­tia­bank an­nounced the sale of its op­er­a­tions in a press re­lease on Wednes­day whilst al­so stat­ing, “The agree­ment is sub­ject to reg­u­la­to­ry ap­proval and cus­tom­ary clos­ing con­di­tions.”

Ef­fec­tive March 23, Re­pub­lic Bank Ltd will re­duce its US dol­lar spend­ing lim­it per billing cy­cle on all Re­pub­lic Bank cred­it cards.

The Na­tion­al Gas Com­pa­ny (NGC) has signed an en­gi­neer­ing, pro­cure­ment, and com­mis­sion­ing (EPC) con­tract for gas in­fra­struc­ture for e TecK’s Phoenix Park In­dus­tri­al Es­tate (PPIE), with the Bei­jing Con­struc­tion En­gi­neer­ing Group Com­pa­ny Lim­it­ed (BCEG). BCEG, a Chi­nese con­struc­tion and en­gi­neer­ing firm, is the de­sign-build con­trac­tor for PPIE.