Business

Republic makes $650.4 million half-year profit

Republic Financial Holdings Limited (RFHL) has recorded a profit attributable to shareholders of TT$650.4 million for the half-year ended March 31, 2018.

This represents an increase of $19.9 million or 3.2% over the $630.5 million reported in the corresponding period of the last financial year.

Total assets increased by 0.3% over total assets as at March 2017, to stand at $69.1 billion at March 31, 2018.

Petrotrin issues final cease and desist notice to Church of God of Prophecy

Pretrotrin says that further to the article appearing in the Newsday today, it is confirming that it has served a Final Cease and Desist Notice to the Church of God of Prophecy requesting the immediate discontinuance of its trespass and its removal from Petrotrin’s land.

Petrotrin says the church is currently located illegally and unlawfully on the company’s freehold land, in close proximity to one of its oil wells at Mussarap Trace in Barrackpore.

Edwards is new UTC Executive Director

Chairman of the Trinidad and Tobago Unit Trust Corporation, Rolston Nelson has announced the appointment of Nigel Edwards as the new Executive Director of the Unit Trust Corporation, effective June 1st, 2018.

Edwards, who succeeds Ian Chinapoo, joined the UTC in 2013 and held the position of Chief Financial Officer before his appointment as Executive Director.

"The Board of Directors welcomes Mr. Edwards to the position which underlines his extensive leadership experience across multiple disciplines," the UTC statement said.

Trade mission to Jamaica already yielding benefits

The Trinidad and Tobago Manufacturers’ Association is currently on the third day of its trade mission to Jamaica.

The delegation consists of 26 persons representing 19 companies and is led by the Permanent Secretary of the Ministry of Trade and Industry, PS Norris Herbert and TTMA’s President, Christopher Alcazar.

The trade mission commenced with the TTMA, JAMPRO and Jamaica Customs addressing the delegation on day one followed by intense Business to Business (B2B) meetings on the second day.

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