Home' Trinidad and Tobago Guardian : August 4th 2013 Contents A32
Sunday Guardian www.guardian.co.tt August 4, 2013
NATIONAL INSURANCE PROPERTY DEVELOPMENT COMPANY LIMITED
Morne Coco Road, Petit Valley
3 bedrooms, 1 bathroom on 3,539 sf of leasehold land
2 bedrooms, 1 bath on 2,778 sf leasehold land
- Average condition
(999-year lease) - Fair condition
Viewings: 06, 13, 20 and 27 August, 2013
Viewings: 31 July; 07, 15, 22 and 29 August, 2013
Time: 9:30 a.m
Time: 9:30 a.m.
Wharton Street, Laventille
2-storey - 3 bedrooms, 1 bath on 5,000 sf in poor condition
5,000 sf of land only - freehold
of leasehold land - (expired and renewable)
Viewing: Anytime - Directions Available
Viewings: 02, 05, 12 , 19 and 26 August, 2013
NB: Please be advised that after receipt of bids and approval
Time: 10:00 a.m.
only CASH payments will be taken for the sale of this property.
1. Closing date for receipt of ALL bids will be on Thursday,
6. Each bid must be accompanied by a One Hundred Dollars ($100.00)
September 05, 2013 at 2:00 p.m.
non- refundable bid fee as evidenced by a receipt
2. Properties must be viewed before bids are submitted
7. Upon acceptance of a bid a 10% downpayment must be made within
fourteen (14) days
3. Separate bids in sealed envelopes must be placed in
the Tender Box and addressed to:
8. The property is sold subject to outstanding rates and taxes.
9. The Company does not bind itself to accept the highest or any bid
10. Bids will be opened on Thursday,September 05, 2013 at 2:30 p.m.
4. Bidders must use the prescribed form available from NIPDEC's Real
Estate Services department and must include their name, home address
and contact number on the bid form.
5. Deposit slips for the bid fee will be available at NIPDEC
Head Office for interested bidders.
A Partner in Development
TOKYO---Toyota Motor Corp said its profit for the
first quarter of the fiscal year nearly doubled from
a year ago, and set an ambitious, worldwide pro-
duction goal that would break industry records if
The Tokyo-based maker of the Prius hybrid and
Camry sedan said profit for the April-June quarter
rose to 562.1 billion yen ($5.6 billion) after getting a
big boost from a weak yen.
The company also set a worldwide production goal
for the 2013 calendar year at 10.1 million vehicles,
which would be an industry record, while it stuck
to its global vehicle sales goal for the year at 9.96
million vehicles. That puts it in a neck-and-neck
race with US rival General Motors Co for the crown
of world s top auto.maker.
The company also raised its full-year earnings
forecast to 1.48 trillion yen ($14.8 billion), up nearly
54 per cent from the previous year. Quarterly sales
jumped 14 per cent to 6.25 trillion yen ($62.6 bil-
Toyota s fiscal first quarter profit and sales results
both beat estimates by analysts surveyed by Fact-
Toyota is expecting 24 trillion yen ($240 billion)
in sales for the fiscal year through March 2014, up
nine per cent from the previous year. It had previously
forecast 23.5 trillion ($235 billion) yen in sales.
Toyota marked strong sales in the key US market
while growing in some emerging markets. Although
its vehicle sales lagged in stagnant Japan and Europe,
it managed to boost revenue sales and operating
profitability in both regions, thanks to cost cuts.
Last year, Toyota again snatched the title of the
world s top automaker in global vehicle sales from
GM. It has held up for the first half of 2013, but the
race is close. GM boasted such bragging rights for
seven decades until 2008.
The blessing of a cheap yen, which Detroit rivals
have criticised as unfair, is coming on top of years
of aggressive cost cuts that Toyota underwent to eke
out profits---even when the yen was high.
The dollar had been trading at about 80 yen the
same period a year earlier, but it is recently at about
Toyota gained 260 billion yen ($2.6 billion) from
a favourable exchange rate in the fiscal first quar-
"Operating income increased due to the impact
of foreign exchange rates and our global efforts for
profit improvement through cost reduction," said
managing officer Takuo Sasaki.
Other Japanese automakers have also benefitted
from a cheap yen. That was reflected in results earlier
this month from Nissan Motor Co and Honda Motor
Co.Toyota has undergone tough times in recent years,
starting with a massive recall fiasco in the US that
came on the heels of the financial crisis.
It recalled more than 14 million vehicles globally
for sticky gas pedals, faulty floor mats, problematic
brakes and many other defects, spanning several
years from 2009.
Then its supply chain was devastated by the March
2011 earthquake and tsunami in northeastern Japan.
President Akio Toyoda has stressed the automaker
will pursue growth cautiously, making sure to avoid
any recurrence of quality lapses that devastated its
"Toyota is being extremely careful about quality
after what it s gone through," said Koji Endo, auto
analyst at Advanced Research Japan in Tokyo. "The
recalls were Toyota s big headache for a while, and
they have finally disappeared."
Since last year, Toyota has faced a new set of prob-
lems with sales in China, where anti-Japanese sen-
timents emerged over a territorial dispute
over tiny East China Sea islands. The dis-
pute, which set off riots and boycotts, has
sent China sales of Japanese automakers
The verdict is still out on how Toyota
fares in emerging markets, Endo said. Mak-
ing products that appeal to first-time car-
buyers in places like India is a different
game from wooing American drivers, he
"Even the approach to design is different,"
"Toyota has not been too successful in
the past." (AP)
Toyota profit up on
cheap yen, forecasts raised
Visitors look at a Toyota Prius hybrid
displayed at Toyota Motor Corp's
showroom Toyota Mega Web in Tokyo.
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