Business

Scotiabank T&T appoints new Managing Director

Scotiabank announced today that Stephen Bagnarol has been appointed as the Managing Director of Scotiabank Trinidad and Tobago Limited and the Senior Vice President & Head of the Caribbean South & East, effective November 1st, 2017.

This follows the bank’s announcement on September 19th, 2017 that Anya Schnoor has been promoted to Executive Vice President, Retail Payments, Deposits and Unsecured Lending for Canadian Banking from November 1st, 2017

Bagnarol joined Scotiabank in 1998.

Former Digicel Play boss is new Caribbean Airlines CEO

Caribbean Airlines (CAL) has announced the appointment of Garvin Medera as the Chief Executive Officer, effective October 10, 2017.

Medera is formerly the Chief Executive Officer of Digicel Play, a position he held from December 2015 until his departure earlier this month.

Prior to the role of CEO, Digicel Play, he served in several key leadership positions at Digicel including Chief Operating Officer, General Manager Tobago and Chief Technical Officer, managing the company’s full operational portfolio.

Chamber: It's unfortunate much attention being given to just one comment from post-Budget forum

The Chamber of Industry and Commerce says it is unfortunate that much national attention is being focused on a comment made from the floor at its post-Budget forum on Tuesday, rather than on the substance of what was shared at that forum.

The Chamber has issued a statement urging all citizens to work together against the challenges the country currently faces.

The following is the statement by the Chamber:

Appeal Court rules for Elias in matter involving Grenada Stadium construction

NH International, a construction company owned by former chairman of the Telecommunications Services of Trinidad and Tobago (TSTT), Emile Elias, has won in court against a company owned by Finance Minister Colm Imbert, in a legal matter arising from the construction of the Grenada National Stadium.

The Appeal Court has dismissed an application by National Stadium (Grenada) Corporation for a stay of execution of a judgement handed down in 2011 by Justice Peter Rajkumar in 2011 in favour of NH International.

TTMA concerned about 30% Corporation Tax

The Trinidad and Tobago Manufacturing Association (TTMA) says it is pleased with some measures of the budget but is expressing concern about the attempt to harmonise Corporation Tax at a rate of 30%.

The TTMA says this could have some impact on the development of small and medium businesses.

The TTMA issued the following statement after the budget:

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