Two local companies—Invaders Bay Marine Ltd and Da Chin Commercial Development Ltd have been given the nod by Cabinet for their proposals to develop the Invaders Bay area.

With the onset of the hurricane season Trinidad and Tobago (TT) has renewed its coverage under the Caribbean Catastrophe Risk Insurance Facility (CCRIF), under the Caribbean Community (Caricom) which allows member states to access funds in the event of damage caused by natural disasters such as hurricanes and earthquakes.

Poor work ethic, red tape getting permits for persons to work in TT under the Caribbean Single Market and Economy (CSME) and high interest rates for loans, are hampering businesses in San Juan. There has also been a decline in small and micro enterprises in the area, said the San Juan Business Association (SJBA).