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Lessons from ANSA McAL and SportTT

Published: 
Monday, May 28, 2018

Reports on the performance of ANSA McAL, the private sector leader and SportTT, the leading sports company in T&T reveal how both entities have sought to deal with the challenges facing them.

SportTT, under the chairmanship of Dinanath Ramnarine, has succeeded in doing what many State-owned companies have failed to do over many decades—submit up to date audited and financial statements.

Also, the company has completed a strategic plan for 2018-2023, a clear indication that they have an idea for better performance. The list of achievements also demonstrates their focus on satisfying statutory requirements under the state enterprises regime and those of the Securities and Exchange Commission.

ANSA McAL has also shown how they have managed to navigate not just in their home territory but also across the region and in the US as a global player. Group CEO Andrew Sabga told shareholders at the annual general meeting that “the beauty of a diversified portfolio is that when things are tough in one sector, there are always opportunities in other areas.”

There is no doubt that the private and public sectors are facing their sternest tests and the winners will be those who accept the road ahead will not be an easy one to travel and that keen strategies are the only vehicles to forge ahead.

The virtue of fasting, Ramadan Kareem

Fasting is one of the pillars of the Muslim faith in the observance of Ramadan. For the uninitiated, the story of the original fast is reported in the Ibn Abbas: “The Prophet came to Madinah and found the Jews fasting the day of Ashura.”

The word ‘Kareem’ in the phrase ‘Ramadan Kareem’ is the equivalent to ‘generous’, so the expression means ‘Wish you generous Ramadan’. Fast along with your Muslim colleagues for a day or two and break the fast together at the time of iftar. Join in the charitable spirit by donating to Ramadan activities.

Welcome back, PM Rowley

Foreign investment is at the heart of development for most our countries, and the visits to China and Australia by Prime Minister Dr Keith Rowley could open the door to fresh opportunities. In 2017, global FDI was $1.52 trillion, according to the United Nations. Our country is crying out for new investments to diversify our economic activities. We await good news from the Prime Minister.

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