The US Gov­ern­ment’s pro­pos­al to im­pose huge fees on Chi­nese-built or Chi­nese-flagged ves­sels dock­ing at US ports could in­crease the cost of freight to the Caribbean by be­tween 50 and 60 per cent, which could re­sult in high­er prices on im­port­ed goods of 15 to 20 per cent.

Some busi­ness groups be­lieve that they should be in­clud­ed at the ta­ble of for­eign ex­change talks as the short­age has been af­fect­ing their mem­ber­ship for sev­er­al years.

This is the first in­stall­ment of a two-part se­ries ex­am­in­ing nat­ur­al gas prices. In this seg­ment, we fo­cus on the in­ter­na­tion­al pric­ing bench­marks for nat­ur­al gas across three key mar­kets: the Nether­lands Ti­tle Trans­fer Fa­cil­i­ty (TTF), the US Hen­ry Hub and the Japan/Ko­rea Mark­er (JKM). These mar­kets play a crit­i­cal role in de­ter­min­ing nat­ur­al gas prices glob­al­ly and are par­tic­u­lar­ly rel­e­vant to T&T.

While the full de­tails of the meet­ing be­tween Prime Min­is­ter Stu­art Young and the Unit­ed States Sec­re­tary of State Mar­co Ru­bio in Ja­maica yes­ter­day is not yet known for­mer En­er­gy Min­is­ter, Kevin Ram­nar­ine, says un­cer­tain­ty still looms over this coun­try’s gas deals with Venezuela.

As Trinidad and To­ba­go faces on­go­ing for­eign ex­change short­ages, Prime Min­is­ter Stu­art Young re­vealed that bankers have been re­cep­tive to dis­cus­sions on for­eign ex­change ac­ces­si­bil­i­ty and so­lu­tions to in­creas­ing bank fees.

The eyes of many busi­ness­peo­ple and or­di­nary cit­i­zens will be fo­cussed on White­hall to­day as the Gov­ern­ment meets with mem­bers of the bank­ing sec­tor to pave the way for­ward in tack­ling this coun­try's con­tin­ued forex cri­sis.

ANSA McAL Group CEO, An­tho­ny Sab­ga III, said yes­ter­day the com­pa­ny took the de­ci­sion to sus­pend its div­i­dends for three years in or­der to re­al­lo­cate cap­i­tal to fund fu­ture ac­qui­si­tions as well as con­tin­ue in­vest­ing in tech­nol­o­gy and au­toma­tion to dri­ve ef­fi­cien­cies and op­ti­mise sup­ply chains.

While this coun­try wel­comed the new US$129.83 mil­lion ter­mi­nal at the ANR Robin­son In­ter­na­tion­al Air­port, Crown Point, To­ba­go about a week ago, de­vel­op­men­tal econ­o­mist Dr Mar­lene Attzs says the fa­cil­i­ty should not be seen as just an­oth­er in­fra­struc­ture project - rather it must be a tool for eco­nom­ic trans­for­ma­tion, a cat­a­lyst for growth, job cre­ation and sus­tain­able de­vel­op­ment for the is­land.

The iron and steel plant that was once owned by in­ter­na­tion­al steel gi­ant Arcelor­Mit­tal at the Point Lisas In­dus­tri­al Es­tate in Cou­va is still not up and run­ning de­spite hav­ing new own­ers.

The ANSA McAL group yes­ter­day de­clared af­ter-tax prof­it of $675.54 mil­lion in its fi­nan­cial year end­ed De­cem­ber 31, 2024, a 13.6 per cent in­crease com­pared to the $584.48 mil­lion the com­pa­ny earned in 2023.

A fi­nan­cial so­lu­tion for the man on the street and the un­banked. That is the premise on which WiLoan was built.

Caribbean In­for­ma­tion and Cred­it Rat­ing Ser­vices Lim­it­ed (Cari­CRIS) has is­sued im­proved rat­ings for Sagi­cor Group Ja­maica.