Business

CNC, NGC reach gas price agreement

The National Gas Company of Trinidad and Tobago Limited (NGC) and Caribbean Nitrogen Company Limited (CNC) have announced that they have reached agreement on the key commercial terms of a gas supply agreement.

The companies say they are in the process of formalizing the required legal agreement and it is expected that this will be done imminently.

Both companies say they are grateful to Minister in the Office of the Prime Minister Stuart Young and Minister of Energy and Energy Industries Franklyn Khan for their support.

 

Minister: T&T losing US$billions to multinational energy companies

Energy Minister Franklin Khan says this country is losing billions of US dollars from multinational energy companies and he says his government will be dealing with that.

He made the comments during the 'Spoltight on Energy' conference that is currently ongoing at the Hyatt.

Minister Khan says it's the government's sovereign right to get a fair economic rent on behalf of the people of T&T.

He compared the taxes paid by one energy company in this country to what it pays in another country.

TTNGL's profits up 30.2%

Trinidad and Tobago NGL Limited’s (TTNGL) Chairman Gerry Brooks has announced another year of positive growth for the company with profit after tax increasing to TT$233.7 million.

This represents a 30.2% improvement over full year 2016 results.

In his statement for the summary financial results for 2017, earnings per share were recorded at $1.51.

Brooks added that these earnings are the consequence of a series of deliberate initiatives at Phoenix Park Gas Processors Limited (PPGPL) which have enhanced performance and shareholder value.

Former financial ombudsman Judy Chang dies

Former Financial Services Ombudsman and national awardee in the field of Business, Judy Chang has died.

Word of her death came from the Ministry of Trade and Industry in a statement issued Friday afternoon.

The Ministry saluted Chang’s service and contribution to the development of the financial services and business sectors.

MV Britannia on 7th call to Tobago this season

The cruise ship MV Britannia has made its 7th and final call for the current cruise season to Tobago today, with 3,553 passengers on board.

The MV Britannia is the largest ship in P&O Cruises’ UK fleet with a capacity for 4,324 passengers and 1,398 crew members.

It made its maiden voyage to the island on December 14, 2017, and has brought 24,269 passengers to Tobago for the entire season.

Pages