Business

Ian Chinapoo, who is stepping down as executive director of the Unit Trust Corporation (UTC) at the end of this month, is confident about the work he has done at that financial organisation.

Darryl White, managing director, RBC Royal Bank (T&T), yesterday assured the bank’s customers that their money is safe. He also warned that fraudsters will feel the full brunt of the law.

The newest company in the Hadco Group is a $35 million factory, Creamery Novelties Limited, located on the eTecK Diamond Vale Industrial Estate in Diego Martin.

The National Gas Company (NGC) has signed a landmark technical services agreement (TSA) with Empresa Nacional de HidroCarbonetos, (ENH), the state-owned petroleum company of the Republic of Mozambique.

BRUSSELS—The Council of the European Union (EU) has announced the removal of The Bahamas and St Kitts Nevis from the EU’s list of non-co-operative tax jurisdictions. However, T&T remains on the list along with American Samoa, Guam, Namibia, Palau, Samoa and the US Virgin Islands.

Subdued economic activity was responsible for the decline in group earnings suffered by Trinidad Cement Limited (TCL) in 2017.

Overall market activity resulted from trading in 13 securities of which two advanced, six declined and five traded firm.

Trading activity on the First Tier Market registered a volume of 618,378 shares crossing the floor of the Exchange valued at $4,436,294.28.

The T&T Revenue Authority Bill, 2018, which was laid in the House of Representatives yesterday, will be referred to a Joint Select Committee of Parliament.