AGP Executive Report
Last update: 2 hours agoCorporate Restructuring: Nestlé has started a strategic review of its Trinidad and Tobago operations, with workers at the Valsayn dairy and juices facility told the company is exploring options including a possible sale, with no timeline given. Food Supply & Agriculture: A chicken shortage is being blamed on structural weaknesses in the poultry industry, including heavy reliance on imported broiler eggs and profit-first behaviour by large processors, raising calls for local broiler egg production. Energy & Petrochemicals: Methanex’s decision to indefinitely idle its Titan methanol plant at Point Lisas is framed as another warning sign for T&T’s petrochemical sector amid gas pricing and reliability pressures, while government points to recovery plans and pipeline sabotage risks. Trade & Tourism: Trade Minister Satyakama Maharaj says T&T is cutting yacht clearance times from hours to 15 minutes to attract higher-value visitors and grow tourism-linked industries. Finance & Compliance: NCB Merchant Bank says the US$2m seized at Piarco belongs to the bank and was couriered in the normal course of business in compliance with laws and regulations, as authorities investigate “transactional and accountability deficiencies.” Utilities & Management: T&TEC appointed two new managers after executive dismissals, including an internal audit manager and a new head of security. Tech & Services: AMCHAM T&T pushes a higher-value BPO/ITO push, pitching AI to automate entry-level roles and lift the sector’s competitiveness. Regional Logistics: Government-organised aid for Venezuela is being moved via the Galleons Passage, with criticism over delays in tangible relief reaching the hardest-hit areas. Climate Risk: CariCOF warns El Niño and warming seas will intensify heat and drought risks, with flooding threats from heavy rainfall still possible.
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