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Jamaica-born Michael Lee-Chin’s personal investment companies are still deep in discussions with bondholders, even as new disclosures reveal that the iconic chairman of the NCB Financial Group (NCBFG), the north Caribbean island’s largest financial institution, could lose control of the company, that he acquired a majority stake of in 2002.
The adoption of electric vehicles in this country has significantly grown and one reason is that electrical chargers and parts are now exempted from paying customs duty, value-added tax and online purchase tax. Those measures came into effect in January.
Republic Financial Holdings Ltd (RFHL) says it is one step closer to completing the buyout of the remaining shares of Cayman National Corporation (CNC) after securing the minimum threshold of acceptance to advance the transaction.
The Central Bank says it is limited when it comes to the disclosure of certain information regarding top users of forex.
Republic Group has partnered with Medcorp Ltd as the lead stockbroker for its initial public offering (IPO).
The trade union representing Angostura workers hopes good sense will prevail following the resignation of the company's board earlier this week.
Prime Minister Kamla Persad-Bissessar said yesterday that Central Bank Governor, Dr Alvin Hilaire, is refusing to divulge information on the top users of foreign exchange in this country.
ANSA McAL Limited is looking into increasing the recovery of greenhouse gases, including hydrogen, from its Caribbean plants.
Even as a new Government has entered office, Trinidad and Tobago’s energy sector will continue to be at the forefront of national attention. This is underscored by ongoing foreign exchange (forex) constraints, the nation’s heavy reliance on energy revenues to support the national budget, and the critical role of the Heritage and Stabilisation Fund (HSF) in maintaining economic stability.
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.
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.
According to International Energy Agency (IEA) data, the world invested more than US$2 trillion in clean energy last year, almost twice as much as it did in fossil fuels. This pushed total energy investment above US$3 trillion.
+1 (868) 225-4465
Ext: 5113, 5116, 5117
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