Local financing for energy investments have fallen short over the years. According executive director of the UTC Eutrice Carrington over a nine year period the total supply of local private capital fell short of the demand from the energy sector by 15 per cent or us 18.7 billion dollars. If this money was channeled to the energy sector it could have deprived the manufacturing, construction and agriculture sectors of capital. Executive director of the Unit [...]

CEO of the Energy Chamber Dr Thackwray Driver says this country is not benefiting as much as it should be from the increased oil prices. Given the drop in oil production    . Oil prices today traded over US$105 per barrel….that is of course good news for oil producing countries like Trinidad and Tobago….which should be raking in more revenue. But this country is not so fortunate…as oil production has fallen over the last couple months. While [...]

Weeks after the earthquake and tsunami striked Japan shutting down production plants in that country…. Toyota has taken a decision to cut back its production at its North American factories due to a shortage of parts. The automobile manufacturer has said it is not certain how long the slow down in its production line will last. Already, its 12 assembly plants in japan have been shutdown until March 26th. Last week managing director of Toyota [...]

Very soon cocoa will be exported to Germany. This was the announcement made by Minister of Food Production Vasant Bharath at a meeting with members of the Fishing Association and farmers over the weekend in Waterloo. The minister says T&T is one of seven countries that producing 100 percent fine flavored cocoa and this agreement which will be signed at the end of April will richly benefit Trinidad and Tobago. He says this initiative will also [...]

Trade and industry minister Stephen Cadiz says it is clear that the energy sector cannot continue to sustain the economy. Especially with oil production now below 100,000 barrels per day. This is in contradiction to what energy minister Carolyn Seepersad Bachan told winnews one week ago that oil production stood at 103 thousand barrels per day.

Doing business in Couva and Point Lisas is a tough one given the challenges facing the businessmen. These constraints incude traffic congestion, difficulty in accessing visas to certain countries, unavailability of land and goods being stolen at ports. Couva and Point Lisas businessmen are calling on the government to implement measures on the ports where their containers are safeguarded. President of the Couva/Point Lisas Chamber of Commerce Nal Ramsingh says their goods are being stolen. [...]

In response to the concerns raised by the Couva/Point Lisas Chamber of Commerce…Trade and Industry Minister Stephen Cadiz says it is difficult getting away from goods being stolen at the port. But this problem he says is more rampant at the Port of Spain. And that port is under the ministry of works and transport. Wheareas the Point Lisas Industrial Port Development Corporation is under trade and industry. And he says a plan is being [...]

Trinidad and Tobago officials are in Ghana where they will lend their expertise and knowledge on oil exploration in Ghana. So says the Prime Minister Kamla Persad Bissessar. This she said will have long term benefit for our country and that’s why she jumped at the opportunity when it was offered.

Housing Minister Dr Roodal Moonilal says his ministry is working on a strategic plan to develop green businesses in this country It’s an area to attract further investments. He made the comments while speaking a seminar on World Forestry Day where he said people’s irresponsible actions are destroying wildlife.

Some good news for oil producing countries like Trinidad and Tobago…following the air strikes in Libya over the last two days the price of oil increased by over u-s $2 dollars per barrel. Libya is the 12th largest global oil producer and there are concerns about how its oil facilities might be affected by the violence. The energy market has taken quite a blow over the two weeks….first with Libya and then the natural disaster [...]