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  • War and the impact on Trinidad and Tobago’s SMEs

    War and the impact on Trinidad and Tobago’s SMEs

    The deployment of the USS Gerald R Ford, one of the world’s largest aircraft carriers, to the Caribbean has heightened tensions in an already militarized region. This move, coupled with rising US-Venezuela tensions and global shipping instability, has significant implications for Trinidad and Tobago’s economy, particularly its small and medium enterprises (SMEs).

    Over the past few months, the southern Caribbean has become a hotspot for military activity, with US naval vessels operating near local waters. This escalation, combined with ongoing global conflicts, has disrupted shipping routes and increased freight costs. For SMEs in Trinidad and Tobago, which rely heavily on imported goods, these developments pose a serious threat to their operations and profitability.

    The vulnerability of Trinidad and Tobago’s SMEs stems from their business model: importing goods from abroad, shipping them in, and selling them locally. While this model works well in stable times, it becomes precarious when global events disrupt supply chains. The COVID-19 pandemic offered a glimpse of what can happen when supply chains break down, with skyrocketing freight costs, delayed shipments, and unpredictable lead times. Geopolitical tensions and military conflicts can cause similar, if not more severe, disruptions.

    For instance, when an area becomes militarized or classified as high-risk, several consequences follow: freight costs increase due to war-risk premiums, shipments become unpredictable as vessels are rerouted or delayed, marine insurance premiums rise, and consumer behavior shifts as households prioritize essential spending over non-essential goods. These changes create immediate pressure on SMEs, affecting their cash flow, sales, and long-term viability.

    Trinidad and Tobago’s SMEs face additional challenges, including persistent foreign exchange shortages, high dependence on imports, thin profit margins, and long supply chains. These factors make the sector highly sensitive to global shocks. The COVID-19 pandemic revealed how quickly things can fall apart, and a major geopolitical event could have even more severe consequences.

    To mitigate these risks, SMEs must adopt more resilient business models. This includes diversifying their offerings, reducing dependence on distant supply chains, building hybrid digital and service-based businesses, strengthening regional or local sourcing, and creating more forex-generating enterprises. Resilience is no longer optional in an increasingly volatile global environment.

    The decision to pause a promising business venture in light of these risks underscores the need for SMEs to pay attention to the broader environment, not just the strength of their ideas. As the backbone of Trinidad and Tobago’s economy, SMEs must rethink how they build and protect their businesses to survive in an unpredictable world.

  • Agostini announces 5th extension in share swap offer

    Agostini announces 5th extension in share swap offer

    Agostini has announced its fifth extension of the closing date for its takeover bid of Prestige Holdings, pushing the deadline to January 20, 2026. The extension was disclosed in a notice issued to the Trinidad and Tobago Stock Exchange on November 18, which was subsequently published on the exchange’s website and in local newspapers. The delay is attributed to the pending approval of regulatory bodies, including the TT Fair Trade Commission, which is reviewing the merger application. Agostini’s share-swap offer, which proposes acquiring Prestige Holdings by trading one Agostini share for every 4.8 Prestige Holdings shares, will remain open until the new deadline. The company has assured shareholders that it will acquire and pay for all deposited shares within the timeframe mandated by securities law. Initially set to close on July 20, the offer has seen multiple extensions, with previous deadlines extended to August 5, September 5, October 21, and November 18. Despite securing the minimum required shareholding on September 10, Agostini continues to navigate regulatory hurdles to finalize the acquisition.

  • Chaguanas mother seeks answers on daughter’s death

    Chaguanas mother seeks answers on daughter’s death

    A Chaguanas mother and retired nurse, Rosanna Smith, has been granted permission to pursue a judicial review to obtain critical details of the police investigation into the death of her only daughter, Maria Kathleen Smith, in 2021. Justice Avason Quinlan-Williams approved the request, allowing Smith to challenge the decision of Police Commissioner Allister Guevarro to withhold key information about the case. Smith is represented by attorneys Martin George and Sarah Lawrence.

    Maria’s death remains shrouded in mystery. She went missing on October 15, 2021, and her body was discovered two days later in the passenger seat of a vehicle parked in a forested area at Spring Bridge, Blanchisseuse. A blanket covered her body, and a hose connected to the vehicle’s muffler was inserted through a slightly open window. Despite these unusual circumstances, the police classified the death as a suicide, though they claimed the investigation was ongoing.

    Smith revealed that she had uncovered WhatsApp messages indicating a secret relationship between her daughter and a married police officer, who was also a relative. She provided this information to the authorities but received minimal updates and no substantive answers over the years. After multiple attempts, including a Freedom of Information request, Smith argued that the police failed to provide meaningful updates on interviews, evidence collection, toxicology reports, or any investigative steps taken since her daughter’s death.

    Her attorneys stated that Smith remains “grieving and distraught,” facing significant emotional hardship due to the lack of closure. The situation worsened as the police refused to provide detailed information, only reiterating that investigations were ongoing and awaiting toxicology results. Smith also sought assistance from Homeland Security Minister Roger Alexander, who referred her back to the police.

    Justice Quinlan-Williams ordered that the claim be served on the Commissioner of Police within 14 days, with the case set to be heard on February 2, 2026.

  • Yorke: Trinidad and Tobago need killer instinct

    Yorke: Trinidad and Tobago need killer instinct

    Trinidad and Tobago’s men’s football team concluded their FIFA 2026 World Cup qualifying campaign with a 2-2 draw against Bermuda at the Hasely Crawford Stadium in Mucurapo on November 18. The match, which was meant to be a celebratory farewell for veterans Marvin Phillip and captain Kevin Molino, turned into a tense battle as Bermuda scored twice in five minutes to take a surprising 2-1 lead. Nathaniel James equalized for the hosts in the 66th minute, but the team’s inability to secure a win left coach Dwight Yorke lamenting their lack of finishing prowess. Trinidad and Tobago finished third in Group B of the Concacaf final round with seven points, having drawn four of their six matches. Yorke acknowledged the team’s effort throughout the campaign but expressed disappointment with their final performance, calling it their worst under his leadership. The match was also marred by confusion over the scoreline, with many fans and online platforms initially believing Bermuda’s second goal had been disallowed. Despite the setbacks, Yorke remains optimistic about the team’s future, highlighting the potential of players like Levi Garcia and the benefits of recent international experience. He emphasized the need for improved preparation and a more ruthless approach in future campaigns.

  • PSA agitated ahead of CPO meeting: Ten per cent or nothing

    PSA agitated ahead of CPO meeting: Ten per cent or nothing

    Public Services Association (PSA) President Felisha Thomas has issued a stern warning to the Chief Personnel Office (CPO), demanding nothing less than a 10% wage increase for public servants. This comes ahead of a crucial meeting scheduled for November 21, which Thomas claims was initially intended to discuss the economy rather than commence negotiations. Thomas expressed frustration over the CPO’s perceived delays, noting that wage discussions began as early as April 2022. Finance Minister Davendranath Tancoo had previously instructed the CPO to propose the 10% increase, a key campaign promise by the United National Congress (UNC) during the April 28 general election. However, Thomas accused the CPO of disregarding this directive and failing to prioritize public officers’ welfare. Meanwhile, CPO Commander Dr. Daryl Dindial emphasized the need for a comprehensive understanding of Trinidad and Tobago’s macroeconomic profile before negotiations could proceed. Prime Minister Kamla Persad-Bissessar reaffirmed the government’s commitment to the wage increase but remained non-committal on the Christmas payout timeline. Former Finance Minister Brian Manning criticized Thomas, calling for her resignation, while former UNC economist Taharqa Obika defended the CPO’s role in the process. The CPO outlined its negotiation procedures, stressing transparency and collaboration in achieving sustainable outcomes.

  • Gov’t to establish national reconstruction body with initial US$1.15b

    Gov’t to establish national reconstruction body with initial US$1.15b

    In response to the devastating impact of Hurricane Melissa, the Jamaican Government has announced the creation of the National Reconstruction and Resilience Authority (NaRRA) to oversee the extensive recovery and rebuilding efforts. Prime Minister Dr. Andrew Holness revealed the initiative during a special media briefing at Jamaica House on Thursday, emphasizing the urgency and scale of the reconstruction required.

    Hurricane Melissa, described as the deadliest natural disaster to hit Jamaica in over 70 years, has caused an estimated US$8.8 billion in physical damage, according to a World Bank assessment. The Government is expected to shoulder at least half of this cost, with the remainder covered by private entities. NaRRA, a statutory body with special powers, will be granted immediate access to US$1.15 billion to initiate its operations.

    Prime Minister Holness explained that existing government structures are ill-equipped to handle reconstruction at the necessary speed and scale. NaRRA will centralize efforts, avoiding the inefficiencies of fragmented ministry-by-ministry approaches. The authority will focus on building safer, climate-resilient infrastructure, improving land-use planning, and relocating communities from high-risk zones.

    Funding for NaRRA will come from the national budget, with initial resources drawn from the National Natural Disaster Recovery Fund (NNDRF), which includes proceeds from Jamaica’s catastrophe bonds and other disaster risk instruments. The Government may also borrow additional funds to meet the extensive financial demands of the reconstruction.

    NaRRA will operate under special legislation, with a sunset clause of five years, renewable by Parliament. It will be led by a multi-stakeholder board, chaired by the Prime Minister, and include experts in engineering, finance, planning, and project management. The authority will also establish an inter-agency coordinating committee to expedite decision-making.

    Holness assured that transparency and accountability will remain priorities, with mechanisms embedded in the legislation to ensure public trust. He also highlighted that NaRRA’s approach could serve as a blueprint for broader public sector transformation, aligning with the Government’s vision of a modern, efficient State capable of delivering large-scale development projects.

  • Miss Universe Jamaica 2025 undergoing treatment in Thailand

    Miss Universe Jamaica 2025 undergoing treatment in Thailand

    Jamaica’s hopes in the 74th Miss Universe pageant faced uncertainty after its representative, Dr. Gabrielle Henry, suffered a fall during the evening gown preliminary competition in Thailand on Wednesday. The incident occurred just a day before the grand finale, scheduled for Thursday evening. Henry was promptly taken to Paolo Rangsit Hospital in Bangkok for treatment, though her exact condition remains undisclosed. Organizers confirmed her injuries were not life-threatening and urged supporters to keep her in their thoughts and prayers. Videos of the incident quickly circulated online, drawing global attention and sparking an outpouring of support from Jamaicans and international fans alike. This setback comes amid a challenging period for Jamaica, following the national football team’s elimination from the 2026 World Cup qualifiers and the devastation caused by Hurricane Melissa just three weeks prior. Despite the adversity, many social media users expressed optimism, rallying behind Henry and her resilience. Known for her dedication as a medical doctor, Henry has been actively involved in post-hurricane relief efforts, embodying the spirit of her nation. Her participation in the pageant, delayed due to the hurricane, was marked by her vow to represent Jamaica’s strength and unity on the global stage. As the competition progresses, supporters remain hopeful for her recovery and potential triumph in the finals.

  • Totally Delicious Garlic Bread

    Totally Delicious Garlic Bread

    Nestled on Mannings Hill Road, Totally Delicious Bakery has long been celebrated for its freshly baked hard-dough bread and comforting cakes. Recently, the bakery has introduced a new star to its menu: the garlic hard-dough bread. This innovative creation has quickly become a customer favorite, thanks to its rich, buttery flavor and aromatic herbs.

    The journey of this gourmet bread began three years ago when a customer inquiry about different bread varieties sparked an idea in baker Simone Martin. Martin, who had previously experimented with garlic bread, decided to test the waters by producing small quantities. The initial response was positive, but the real breakthrough came when content creator Tallonn Zeparti reviewed the bread on his vlog. This exposure catapulted the garlic hard-dough bread into the limelight, making it a must-try item.

    Available on Tuesdays and Fridays, the bakery now bakes nearly 60 loaves daily, offering them in two sizes: a large loaf for $900 and a smaller one for $500. Verne Williams, co-principal of Totally Delicious, describes the bread as a gourmet departure from traditional staples, offering a sophisticated twist that has become a favorite among caterers.

    Supervisor Winsome Haynes highlights the bread’s versatility as its key appeal. ‘It’s a personal favorite because there are so many uses for it,’ she notes. ‘It works as a meal by itself or pairs beautifully with dishes like pasta or lasagna. The added health benefits of garlic make it even more appealing.’

    The bakery’s success story is a testament to the power of innovation and customer feedback. From a simple idea to a gourmet sensation, Totally Delicious Bakery continues to delight its patrons with its unique and flavorful offerings.

  • St Elizabeth hardest hit

    St Elizabeth hardest hit

    Hurricane Melissa has left a trail of destruction across Jamaica, with the parish of St Elizabeth emerging as the hardest-hit region. According to a World Bank assessment, the total physical damage from the hurricane is estimated at a staggering US$8.85 billion, equivalent to 41% of Jamaica’s 2024 GDP. St Elizabeth, along with Westmoreland and St James, accounted for 63% of the total damage, amounting to US$5.5 billion. St Elizabeth alone suffered US$2.29 billion in damages, including US$997.2 million in residential damage, US$389.5 million in non-residential damage, US$763.6 million in infrastructure damage, and US$135.7 million in agricultural losses. St James followed with US$1.82 billion in damages, while Westmoreland recorded US$1.41 billion. The hurricane’s impact extended beyond physical damage, with economic losses from disrupted tourism and sales expected to surpass the physical toll. Lilia Burunciuc, World Bank’s Caribbean Country Director, emphasized the need for a coordinated, long-term recovery strategy involving local institutions, the private sector, and communities. The World Bank and the Inter-American Development Bank are supporting Jamaica through financing and technical assistance, including the GRADE methodology, which provides rapid post-disaster damage assessments. Burunciuc highlighted the opportunity to rebuild a more resilient Jamaica, stressing that every dollar spent on reconstruction could yield six dollars in benefits.

  • Construction materials most needed in Trelawny

    Construction materials most needed in Trelawny

    FALMOUTH, Trelawny — Hugh Gentles, the Custos Rotulorum of Trelawny, has called for a strategic shift in relief efforts following the devastation caused by Hurricane Melissa. Gentles emphasized that the immediate priority for the parish is the provision of building materials to aid residents in repairing and reconstructing their homes, which were severely damaged when the hurricane struck southwestern Jamaica on October 28. While the community has expressed gratitude for the initial humanitarian aid, including food, clothing, and care packages, Gentles stressed that the recovery process has now entered a critical phase focused on long-term reconstruction.