AGP Executive Report
Last update: 4 hours agoNGC Profit Surge: National Gas Company says 2025 after-tax profit hit $3.46 billion—up 111%—and chairman Gerald Ramdeen insists the turnaround is just the start, with 2026 set to be even stronger. Energy Politics: Former energy minister Stuart Young argues PNM’s Atlantic LNG restructuring is behind today’s higher state revenues, while Ramdeen counters that NGC was “broken” when the new board took office in July 2025 and was repaired through cost cuts and operational fixes. Methanex Exit Signals Pressure: Methanex’s last Trinidad methanol cargo has been loaded as the Titan plant shuts down, with the company linking the move to ongoing natural gas supply shortages affecting Point Lisas operations. Housing Procurement Scrutiny: Housing Minister Phillip Alexander questions a $191m HDC Citrus Close contract after claims the winning bid was $54m higher than the lowest tender, with concerns raised about viability and safety in a Laventille “hot zone.” Local Governance Watch: EMA says there was no breach in Queen’s Park Savannah works for Independence Day parade access, after public concerns about paving and Bailey bridges. Child Protection Data: The Children’s Authority reports 2,700 child abuse and maltreatment reports in Jan–Jul 2026, down 11.9% year-on-year, with verbal abuse flagged as still worrying. Business & Community: Pan on D’Avenue XII was cancelled for lack of funding and infrastructure, but organisers say it could return if government or corporate support steps in. Sports Sponsorship: Massy Finance Remittances signs a three-year CPL sponsorship with Republic Bank, aiming to connect remittance customers with cricket promotions and match experiences.
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