Money Matters: Firstline Securities Blog

In Barbados: Opportunities Open Up for Investors via Government Securities

4 October 2011

Some Good News For A Change

Investors will have much to consider in the coming days as they have some choices of taking up two sets of Government investment instruments and some equities as well. Read more…

In T&T: MovieTowne Owner Hits Back At JCC

4 October 2011

Derek Chin says he is taking his chance, without any favours and despite harsh economic times, with his RFP for the Invaders Bay project

Businessman Derek Chin has responded to the “insinuations” from the Joint Consultative Council for the Construction Industry (JCC) that he is intended to benefit from the Government’s requests for proposals (RFP) to develop 70 acres of reclaimed land at Invaders Bay, adjoining the MovieTowne cinema complex. Chin is the chairman of Multi Cinemas Limited, operator of the cineplex chain. Read more…

In Europe: Stocks Fall Amid Signs of Slower Growth

30 September 2011

More signs that all is not well in the region…look out for the word “recession” in the article

European stocks fell, trimming the Stoxx Europe 600 Index’s largest weekly advance in 14 months, as reports on Chinese manufacturing and German retail sales added to concern the economy is slowing. Asian shares and U.S. index futures declined. Read more…

In Barbados: Scotiabank Launches Mobile Banking App

30 September 2011

Scotia joins FCB here in T&T and gets tech-savvy

Starting September 30, Scotiabank customers in Barbados will be able to conveniently bank-on-the-go with the new Scotia Mobile App for Blackberry and iPhone. Read more…

In T&T: Cadiz Promises Value for $ In Tight Budget

30 September 2011

More ‘bang for your buck’ according to Minister Cadiz

Trade and Industry Minister Stephen Cadiz says while the upcoming national budget will be “tight”, citizens can expect to get value for money.

Cadiz said Finance Minister Winston Dookeran has “already indicated that it will be a very tight budget but one thing you are going to see different, the value of the spend is going to be there. This government is going to ensure that every single tax dollar is going to be spent properly and citizens will finally get value for money. We will not be going into tens of millions of dollars of investments— failed investments—and what have you. You will see a tighter budget but value for money.” Read more…

In Europe: German Parliament Backs Rescue Fund

29 September 2011

Germany to the rescue…as expected

German lawmakers approved an expansion of the euro-area rescue fund’s firepower, freeing the way for European officials to focus on what next steps may be needed to stem the debt crisis. Read more…

In the Cbean: IMF Is Cautiously Optimistic

29 September 2011

IMF says the Caribbean should manage its growth expectations amidst financial distress in the US and Europe…labels this as “cautious optimism”

While there are a few bright spots in the area of economic recovery in Barbados and the Caribbean, it is anticipated that growth will remain subdued and at levels below those projected prior to the global economic meltdown. Read more…

In T&T: Govt Late on Payments – Contractors Stop Govt Work

29 September 2011

Firstline has a solution for all those contractors holding overdue Govt invoices. Contact us @ info@nullfirstlinemoney.com to find out more!

Local contractors have been forced to stop work on projects because Government has failed to pay outstanding debts of $600 million owed to them, says Mervyn Chin, president of the Contractors Association of Trinidad and Tobago. Read more…

Should Greece Default?

27 September 2011

Letting the Market Mechanism Take a Back Seat

January 2011George Papandreou, Greek Prime Minister

“Greece won’t default.”

June 2011 – Jamie Dimon, J.P Morgan C.E.O.

“Greece won’t default.”

September 2011 – Klaas Knot, European Central Bank Governing Council member

“I’m not saying that Greece will not default…I am now less definite in excluding a default bankruptcy than I was a few months ago…”

Read more…

The State of Emergency & You

19 September 2011

It’s Time For Intelligent Spending

The topic is contentious to say the least, but aside from political squabbles, let’s examine the likely effects of this now-extended State of Emergency (the SoE) on the economy.

Read more…

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