Re­pub­lic Fi­nan­cial Hold­ings Lim­it­ed (RFHL) has an­nounced $1 bil­lion dol­lars in prof­its for the first half of the Fi­nan­cial Year.

Chief Jus­tice Ivor Archie yes­ter­day praised the or­gan­is­ers of a pro­cure­ment work­shop for work­ing col­lab­o­ra­tive­ly to fa­cil­i­tate the spread of knowl­edge on an im­por­tant de­vel­op­ment in T&T.

The Sub­sea In­te­gra­tion Al­liance (SIA) has been award­ed the en­gi­neer­ing, pro­cure­ment, con­struc­tion, and in­stal­la­tion (EP­CI) con­tract for the BP’s Gin­ger project which is lo­cat­ed off­shore Trinidad and To­ba­go.

Last Mon­day, one of the guests on Guardian Me­dia’s gen­er­al elec­tion night broad­cast, made a pre­dictable but nonethe­less sur­pris­ing at­tempt to fore­shad­ow the cur­rent ad­min­is­tra­tion’s in­abil­i­ty to de­liv­er on the many promis­es it made dur­ing the cam­paign.

As chair­men from ma­jor state boards con­tin­ue to re­sign due to the change in gov­ern­ment on Mon­day, the lat­est is Trinidad Pe­tro­le­um Hold­ings Ltd (TPHL) chair­man Michael Quam­i­na.

Clax­ton Bay-head­quar­tered Trinidad Ce­ment Ltd (TCL) yes­ter­day de­clared af­ter-tax prof­it of $85.90 mil­lion for the three months end­ed March 31, 2025, an in­crease of 9.6 per cent com­pared to the $78.3 mil­lion the ce­ment-pro­duc­tion com­pa­ny earned for the com­pa­ra­ble pe­ri­od in 2024.

Trade unions across the coun­try are ex­pec­tant and ea­ger­ly await­ing a re­turn to the ne­go­ti­at­ing ta­ble with the new­ly elect­ed gov­ern­ment.

The Guyana gov­ern­ment says it is in­ten­si­fy­ing its ef­forts to strength­en the lo­cal con­tent frame­work in the coun­try’s oil and gas sec­tor, with new com­mit­ments aimed at in­creas­ing ef­fi­cien­cy, tight­en­ing le­gal de­f­i­n­i­tions, and ex­pand­ing op­por­tu­ni­ties for lo­cal busi­ness­es.

Rig count is a stan­dard mea­sure of ac­tiv­i­ty in the oil and gas in­dus­try. It refers to the num­ber of ac­tive drilling rigs in op­er­a­tion at any giv­en time. It is a key in­di­ca­tor for the health of the in­dus­try and al­so a good in­di­ca­tor for fu­ture pro­duc­tion, in­vestor con­fi­dence and the de­mand for en­er­gy sup­port ser­vices, es­pe­cial­ly for drilling-re­lat­ed ser­vices and pro­vi­sion of equip­ment.

The res­ig­na­tions from ma­jor state or­gan­i­sa­tions con­tin­ued yes­ter­day, as Caribbean Air­lines’ chair­man Shameer ‘Ron­nie’ Mo­hammed con­firmed to staff he was step­ping down.

Ja­maican man­u­fac­tur­ing com­pa­ny Se­prod has sub­mit­ted a le­gal no­tice to share­hold­ers of AS Bry­dens & Sons Hold­ings (AS­BH) to con­firm its plans to ac­quire 79.99 per cent of the com­pa­ny.

Busi­ness groups and one econ­o­mist see the re­open­ing of the Petrotrin re­fin­ery as a step in the right di­rec­tion with a lo­cal en­ti­ty.