AGP Executive Report
Last update: 7 hours agoVanadium push at Point Lisas: Pinnacle Steel and Vanadium has kicked off a US$750m refurbishment of the former ArcelorMittal site at Point Lisas, now Ibis Steel, aiming to position T&T as a major vanadium producer and cut reliance on China and Russia, with plans for up to 1,000 jobs. Energy deal momentum: PM Kamla Persad-Bissessar says US Deputy Secretary of State Christopher Landau’s visit helped unlock investment and energy security, highlighting Curlew Midstream’s Point Lisas bunkering plans, the Ibis steel restart, and BP/NGC agreements on the Cocuina-Manakin cross-border gas field. BP stake sale: BP agreed to sell a 20% stake in the Trinidad portion of Cocuina-Manakin to NGC, with 70% of output targeted for Atlantic LNG. Hilton uncertainty: Hilton says it’s actively negotiating to “continue legacy” at the State-owned Hilton Trinidad and Conference Centre, but the lease is set to end Sept. 18 unless a long-term deal is reached; CWU is pressing for job security as workers receive severance calculations. Security posts debate: Government’s plan for 30 police posts is drawing support from business groups, while residents and stakeholders push for consultation, including in Tobago’s Plymouth and Couva South/Carli Bay; analysts warn the biggest test may come when the State of Emergency ends. Labour pressure at TSTT: CWU threatens to shut down TSTT operations if a 10% wage deal isn’t honoured, citing strong company profits. Education support: RBC donates TT$15,000 in school vouchers for books and uniforms via the Saidwan Foundation.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.