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- 22 December, 2024
BANKS AND THE WIDENING WEALTH GAP
REPUBLIC Bank’s profits have soared from $664 million in 2004 to $1.2 billion in 2014 to $2 billion in the just-ended financial year.
The most recent profit – in the midst of a declining economy – was 14.6 per cent higher than the previous year.
PETROTRIN TAKEOVER: NIGERIAN FIRM IN $$ CRISIS
THE favoured contender to take over Petrotrin is being stalled by a major financing setback.
Nigeria-based Oando PLC, a debt-ridden energy firm, is seeking to raise capital from the African Import-Export Bank (Afreximbank), but the process is frustrated by legal issues.
6 MATERNAL PATIENTS DIE AT MT. HOPE; FILE GOES MISSING
SIX patients have died at Mount Hope Women’s Hospital over the past few months – including one a few days ago – in what is
EXPOSE HALTS $475 M HDC DEAL
THE Government’s decision to cancel a $475.8 million housing contract with a Chinese company has come after an investigation by this news site.
INVESTORS STILL BYPASSING T&T
INVESTORS are continuing to bypass Trinidad and Tobago, a new United Nations report has revealed.
T&T, which had a net loss of investments worth US $917 million in 2022 and US $778 million in 2021, does not feature in the 2023 study.
PHARMACEUTICAL MONOPOLY STRENGTHENS ITS HOLD
SUPERPHARM, part of Agostini’s pharmaceutical monopoly, is taking over Massy’s drug stores, giving further pricing power to a single industry operator.
BANNED CHINESE FIRM LANDS $475 M HDC DEAL
A CHINESE company with a dark history of bribery and other financial scandals is being given a $475.83 million public deal in Trinidad and Tobago.
IT’S OFFICIAL: T&T WORST QUALITY OF LIFE IN CARIBBEAN
TRINIDAD and Tobago has the worst quality of life in the Caribbean, according to detailed studies by international agencies.
GOVT PAYS $12M TO EVALUATE BIDS –BUT PREPARES TO HAND PETROTRIN TO JINDAL
THE Government is paying a foreign evaluator almost TT $12 million to examine the nine bids for a lease of Petrotrin.
5 TROUBLING FACTS ABOUT NAVEEN JINDAL
After Jindal was charged in connection with the so-called “coal scam,” he needed the court’s official permission to travel abroad.
He was formally allowed to travel for specified days for business purposes and with certain conditions.
