Trinidad and Tobago Newsday

April 24, 2025 https://lnkd.in/eVcNrAvu

Why should we care if there is any gas after Dragon? Petroleum, particularly gas, is the backbone of our economy. The US-dollar limit on your credit card is tied intrinsically to gas production. Finding oil or gas fields and getting them online is a lengthy process. Generally, the government has a bid round, putting out blocks for auction. These rounds may take two years from opening to signing a block to an operator (like a bp or Shell). Then exploration occurs which means acquiring seismic data followed by drilling wells. This is usually about six years. A chance of exploration success of 25 per cent is considered very good and in deepwater it may be as low as ten per cent. Any discoveries may be appraised by further drilling and then commercial evaluation takes place. This will be another few years. Read more from the Business Day magazine in today's Newsday or on our website here: https://lnkd.in/eWgxnMtT

By letter dated November 16, 2005, the TT Stock Exchange (TTSE) advised the TT Securities and Exchange Commission that trading in BWIA’s shares had been suspended with immediate effect for a period of three months at the request of the company. By letter dated February 9, 2006, BWIA requested an extension of the suspension of trading in its shares for a further three months. It indicated the board had undertaken an in-depth analysis of the company to inform the restructuring process, and BWIA was preparing a business and restructuring plan. It was unable to indicate a definitive timeframe for the completion of this exercise. The company also indicated it had requested an extension of the suspension of trading on the Barbados Stock Exchange. Read more from the Business Day magazine in today's Newsday or on our website here: https://lnkd.in/ecu-heV7

Health insurance is a policy that helps pay for your medical expenses whether you become sick, injured or require any medical services such as preventative care. Rather than bearing the full cost of healthcare services, the insured benefits from the insurance provider covering a significant portion of the expenses. As with other types of insurance, the policyholder is required to pay a regular premium. Additionally, when accessing healthcare services, the policyholder may be responsible for a small out-of-pocket cost, referred to as a copayment or deductible. Read more from the Business Day magazine in today's Newsday or on our website here: https://lnkd.in/eGfyY5St

In a 2023 report by the Organisation for Economic Co-operation and Development (OECD), it was recognised that illicit trade in counterfeit goods causes significant economic damage by reducing sales and profits as well as innovation incentives in legitimate industries. The report showed that trade in counterfeit goods represented a longstanding, global socio-economic risk that threatens effective public governance, efficient business and the well-being of consumers. The evidence gathered by the OECD confirmed that illicit trade and counterfeiting have become a major source of income for organised criminal groups. Read more from the Business Day magazine in today's Newsday or on our website here: https://lnkd.in/ehhve2rU

As a dual citizen holding both a Canadian and TT passport, I’ve been fortunate to travel freely across much of the world. Most countries welcome me with open arms and I rarely run into major issues entering or leaving. Now that I’m based in Thailand, I’ve found myself needing to renew my Canadian passport, but I’ve taken comfort in knowing my TT passport still carries weight in terms of global access. But here's where things are shifting – and fast. Read more from the Business Day magazine in today's Newsday or on our website here: https://lnkd.in/eT3jkVEg

EVERY SO often, this country signs a bilateral agreement. For example, one was signed with Panama in 2013. Another with Ghana in 2024. Often, after flashy signing ceremonies, very little is heard about these initiatives. But there is something about the air service agreement signed on April 15 with Nigeria that suggests its fate will be different. Timing is everything. This deal comes at a time when it is poised to be more than just a symbolic connection on paper with shared heritage and history. Read more from the Business Day magazine in today's Newsday or on our website here: https://lnkd.in/eHp2xqJr

CELEBRATING 20 years of operation, the Unit Trust Corporation (UTC) has reopened its investment centre at Xtra Plaza Sangre Grande. The opening took place on April 22. The new centre, formerly located at Sinanan Building, is set to offer customers improved access, greater convenience and enhanced security and comfort. Speaking at the opening ceremony, UTC executive director Nigel Edwards said UTC is not only seeking to expand its services geographically but also enhance the culture of creating wealth. Read more: https://lnkd.in/eYwBpRsU

Aiming to equip Caribbean brands with the knowledge and resources needed to succeed in the evolving US market, the American Chamber of Commerce TT (AmchamTT) is launching a virtual market access series in partnership with Trade Trek USA. In a release on April 22, Trade Trek USA founder Asa Sealy said, "Our goal with the series is to bridge the gap between Caribbean innovation and US opportunity. "By partnering with AmchamTT, we’re unlocking valuable access to market intelligence that empowers regional businesses to scale confidently and compliantly." Read more: https://lnkd.in/ejz5CTN4

TRINIDAD and Tobago's energy exports to the US are facing new challenges following the introduction of US tariffs earlier this month. The Energy Chamber of TT, in a release on April 22, raised concerns about the potential impact on key commodities such as ammonia, methanol, iron and steel. On April 2, US President Donald Trump announced a sweeping tariff policy, imposing a baseline ten per cent duty on imports from most countries, including TT. Read more: https://lnkd.in/ereRruaE