AGP Executive Report
Last update: 5 hours agoCorporate Growth: West Indian Traders’ revenue rose 20% to $97.9 million, but profit fell as foreign-exchange shortages limited imports and expansion. Fresh Start Juices, meanwhile, is targeting more Caribbean markets after entering Barbados and Grenada, with St Lucia next. Trade: A new report says Africa–Caribbean trade in goods and services could reach US$1.65 billion annually by 2030; Trinidad and Tobago already accounts for a large share of Caribbean exports to Africa. Energy: Heritage completed an offshore well producing more than 800 barrels per day, while Touchstone sees a potential new gas opportunity. Company Results: TCL reported a $17.6 million operating loss in Trinidad, contrasting with Witco’s 20% rise in profit despite domestic market pressures. US Trade Outlook: Business leaders are watching whether a change in US congressional control could affect tariffs and costs, given the United States is T&T’s largest trading partner.
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