Trinidad News, Tobago News

Welcome to Breaking News Trinidad and Tobago
Friday, August 18 2017 @ 02:51 AM AST

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Methanol prices up as Trinidad & Tobago cuts production

The closure of some methanol plants in Trinidad and Tobago, due to lack of natural gas supply, has reportedly prompted the price of methanol to climb.
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Trinidad & Tobago oil and gas production mid-year 2017 snapshot

Trinidad and Tobago oil production fell by about 11% last year (2016 vs 2015).

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Smirnoff ready-to-drink doing well in this part of the world



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Impact of 'US rapprochement to Cuba' on tourism to the rest of the Caribbean


SOURCE: Central Bank of The Bahamas

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Sint Maarten borrows NAf 21,700,000 (about US$12 million) domestically

CENTRALE BANK VAN CURAÇAO EN SINT MAARTEN ANNOUNCES A NEW BOND ISSUE ON BEHALF OF THE GOVERNMENT OF THE COUNTRY OF SINT MAARTEN

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Bermuda economy added new jobs in hospitality, retail sectors

The 2016 job figure was 33,481 and represents the survey’s first recorded year-to-year increase since 2008 - an increase of 162 jobs compared to 33,319 jobs in 2015, the Bermuda government said in a statement yesterday.

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TTNGL profits went down 47% actually, and it made its first prudent dividend payment since it IPO'd

For the first time since it became a public company and started paying dividends to shareholders, the National Gas Company (NGC) subsidiary known as Trinidad and Tobago Natural Gas Liquids (TTNGL), a government-created entity to hold a 39% stake in Phoenix Park Gas Processors Ltd (PPGPL), mainly a cooking gas supplier to the US and the Caribbean, prudently paid a dividend lower than its earnings per share (EPS).

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IMF: Trinidad & Tobago economy to stay flat or negative in 2017

"Trinidad and Tobago continues to face economic challenges stemming primarily from the sharp declines in global energy prices since 2014, combined with a fall in natural gas and oil production in recent years. These, along with the prolonged economic stagnation, capital allowances, and challenges with tax administration have continued to contribute to weak revenue collections, leading to still significant fiscal deficits and rising public debt levels," said International Monetary Fund (IMF) Mission Chief to Trinidad and Tobago Elie Canetti said in a press release today.

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U.S. Virgin Islands makes progress reducing fossil fuel dependence


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30 injured on American Airlines flight from Miami

The flight landed safely in Trinidad and Tobago but while airborne 30 passengers were reportedly injured as a result of severe turbulence. The following is the statement from the Airports Authority of Trinidad and Tobago today: