Home' Trinidad and Tobago Guardian : March 1st 2015 Contents MARCH 1 • 2015 www.guardian.co.tt SUNDAY BUSINESS GUARDIAN
FINANCE | SBG15
Supply and Installation of a Wastewater Treatment Plant
at Plaisance Industrial Park
Evolving TecKnologies and Enterprise Development Company Limited ("e TecK") hereby invites the
submission of proposals from eligible bidders for the Supply and Installation of a Wastewater
Treatment Plant at the Plaisance Industrial Park.
The delivery period will be twenty- ve (25) calendar days, from the date of signing the agreement.
Bidding will be conducted through the Two Envelope Competitive Bidding process in accordance
with e TecK's procurement guidelines and is open to all suitably quali ed bidders.
Interested eligible bidders may obtain further information from tender documents at the o ce of
The Secretary, Tenders Committee at the following address:
Evolving TecKnologies and Enterprise Development Company Limited (e TecK)
131 Uriah Butler Highway
From 08:00 a.m. to 4:00 p.m. on weekdays, no later than Monday 09th March 2015, 4:00 p.m.
A complete set of bidding documents may be purchased by interested bidders upon payment
of a non-refundable fee of One Thousand Dollars (TTD 1,000.00). The method of payment will be
cash or certi ed cheque.
A mandatory site visit is scheduled for Tuesday 10th March, 2015, 10: 00 a.m. at Plaisance Industrial
Park. Only bidders who have purchased bid documents and attended the mandatory site visit will be
eligible to submit a tender.
Tenders must be depositied into the marked Tender Box at the above address. All bids must be
accompanied by a bid security of Fifty Thousand Dollars (TTD50,000.00) or an equivalent amount in
a freely convertible currency. Tenders must be submitted in strict accordance with Tender requirements.
Tender Closing Date: Thursday 19th March, 2015 at 2:00 p.m.
Late tenders will be rejected. e TecK does not bind itself to accept the lowest or any Tender and
reserves the right to negotiate nal price with any Tenderer.
Evolving TecKnologies and Enterprise Development Company Ltd (e TecK)
131 Uriah Butler Highway, Charlieville, Chaguanas
Global investors increased
their bets on stocks dur-
ing February as major
equity markets broke
through all-time highs,
fuelled by the promise of
more monetary stimulus, Reuters monthly
asset allocation poll showed.
As around 20 central banks have cut
interest rates since the start of 2015, and
with the European Central Bank set to
launch quantitative easing next month,
investors expect loose monetary policy to
stir growth and boost corporate earnings.
A lower oil price and a strong US econ-
omy are further positives for earnings,
although as equity valuations are already
high, investors also saw reason to be cau-
The monthly asset allocation poll, cov-
ering 47 fund managers and chief invest-
ment officers in the United States, Europe
and Japan, found that the average recom-
mended exposure to stocks in global bal-
As major markets touch record highs...
Global investors focus on stocks
anced portfolios rose to 50.7 per cent, the highest
level since last September, from 49.5 per cent a
The increased exposure to stocks came largely
at the expense of alternative investments, a category
that includes commodities, private equity and
hedge funds. Average allocation to alternatives fell
to 5.1 per cent, from 6.5 per cent in January.
There were also slight cutbacks in bonds, down
a fraction at 36.5 per cent, and property, which
eased to 1.8 per cent from 1.9 per cent in January.
Cash holdings rose slightly to 5.8 per cent from
5.6 per cent.
"We continue to prefer equities over cash and
fixed income assets as we believe the current envi-
ronment of accommodative central banks, struc-
turally lower oil, and a strong US economy is pos-
itive for earnings and equity markets," said Boris
Willems, strategist at UBS Global Asset Manage-
Investors favoured equity markets in the euro
zone and Japan in particular.
"We remain constructive on risk assets, especially
equities, that could continue to be supported by
accommodative monetary policies, especially in
the euro zone, in Japan and, selectively, in some
emerging markets such as India and China," said
Monica Defend, global head of asset allocation
research at Pioneer Investments.
However, the headline trend disguises regional
variations and warnings from contributors to the
poll of ongoing risks that the equities party may
be coming to an end.
Headaches cited by contributors included geopo-
litical risk stemming from the conflict in eastern
Ukraine, the chance of a sharper-than-expected
slowdown in China s economy or mis-timed interest
rate decisions derailing economic recovery.
Tom Becket, chief investment officer at Psigma
Investment Management in London, said a strong
dollar, prompted by the prospect of rising US inter-
est rates as the Federal Reserve winds down its
own stimulus, was hurting corporate America.
"US companies are starting to squeal about the
foul murder of their profits due to the strength of
the dollar and its translative effects. This could
well ensure that the S&P 500 goes nowhere for
two years," he said.
The poll was taken from February 13-25, when
world stocks advanced by nearly 2.0 per cent towards
record highs reached last September.
The US S&P 500 index rose more than one per
cent , progressing through a series of record highs
over the survey period while Britain s FTSE 100 blue
chip index also set an all-time high.
Emerging market stocks gained more than 1.5
per cent gain during the survey period, heading
towards a one-month high.
US fund managers bucked the global trend with
a slight cut in allocations to stocks, to 55.6 per
cent from 55.8 per cent. They cut their US and
British stock allocations slightly while allocations
into both high-yielding and investment grade bonds
increased to the highest in two-years, the poll
Japanese fund managers lifted their recommended
equity exposure to 44.6 per cent from 41.4 per
cent a month earlier.
European investors boosted their bets on stocks
to 48.6 per cent---a five-month high---from 48 per
centa month earlier. Exposure to bonds rose more
than a per centage point to 36.8 per cent .
British fund managers lifted recommended equity
allocations to 53.9 per cent from 53 per cent while
cutting back bonds by a per centage point to 23.7
per cent. Reuters
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