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In November 2011, the OECD removed Trinidad and Tobago from its list of Developing Countries. [3] Trinidad's economy is strongly influenced by the petroleum industry. Tourism and manufacturing are also important to the local economy. Tourism is a growing sector, although not as proportionately important as in many other Caribbean islands.
Air Malta: Consumer services Airlines Luqa: 1973 Airline P A APS Bank: Financials Banks Swatar: 1910 Bank P A Bank of Valletta: Financials Banks Santa Venera: 1974 Bank P A Central Bank of Malta: Financials Banks Valletta: 1968 Central bank S A Emmanuel Delicata: Consumer goods Distillers & vintners Valletta: 1907 Winery P A GO: Telecommunications
In 1984, Trinidad Guardian resumed operations. In 1986, Angostura Ltd and ABL bid against McAL almost four months after a similar but unsuccessful bid was made by Jessel Securities Ltd. Angostura made an initial offer of $40 Million to McAL and acquired majority of the shares thereby turning McAL to ANSA McAL.
The company, the Trinidad-Tesoro Petroleum Company Ltd, was a partner in a joint venture with Tesoro Corporation, and was formed to acquire the assets of British Petroleum as it exited operations in the Caribbean. (The government bought out Tesoro in 1985, and changed the name of the company to Trinidad and Tobago Petroleum Company Ltd ...
In 1994, Platinum Asset Management was founded by Kerr Neilson and several others with the financial backing of George Soros. [7] It was founded as a specialist company in international equities. The success of the company was attributed to the ability to transcend short-term market investment and focus on long-term returns.
The group established First International Merchant Bank Ltd, which began operations in 1995. [4] In 2001, its shares were listed on the Malta Stock Exchange. [5] In 2003, the group acquired full control of London Forfaiting Company Ltd. [6] In 2005, First International Merchant Bank Ltd. changed its name to FIMBank p.l.c. [7]
Corinthia Hotels International Limited is a multi-brand hotel operator, having exclusive management licenses to operate hotels under the Corinthia Brand. The exclusive licenses extend to Europe, Africa, and the Middle East. The Pisani family through its stake in IHI owns 100% of the company.
The Trinidad and Tobago Music Company Limited (MusicTT) was established in 2014. As a subsidiary of Trinidad and Tobago Creative Industries Company Limited (CreativeTT) , MusicTT's mandate is "to stimulate and facilitate the business development and export activity of the music industry in Trinidad and Tobago to generate national wealth."