Home' Trinidad and Tobago Guardian : August 17th 2013 Contents A26
Guardian www.guardian.co.tt Saturday, August 17, 2013
CENTRAL TENDERS BOARD
Proposals are invited for Consultancy Services for the following projects for the Ministry of Public Administration:
Bidding documents may be obtained Monday to Friday during office hours 8:00 a.m. to 4:00 p.m. local time at the
Central Tenders Board's Office, at address (1) below.
Any further technical information can be obtained Monday to Friday during office hours 8:00 a.m. to 4:00 p.m. local
time from address (2) below.
Proposals must be accompanied by the following where applicable:
(i) Valid Income Tax and Value Added Tax Clearance Certificates issued by the Board of lnland Revenue and dated
not more than six (6) months prior to the closing date of the tender.
(ii) Valid Certificate of Compliance issued in accordance with the National Insurance Act.
An original and six (6) copies each of the Technical and Financial Proposals for each project should be submitted in
separate sealed envelopes and clearly marked on the outside:-
Envelopes must be addressed to the Chairman, Central Tenders Board, 116 Frederick Street, Port of Spain, Republic
of Trinidad and Tobago and must be deposited in the BROWN Tenders Box located in the lobby of the Board's Office
not later than,
Consultants should note that the dimensions of the slot in the Tenders Box are
and as such, propos-
als should therefore be packaged accordingly.
The Technical Proposals will be opened shortly thereafter. The Consultant or an authorised representative may be
present at the opening.
The Central Tenders Board reserves the right to cancel the present notice in its entirety or even partially, without
defraying any cost incurred by any firm in submitting their proposal.
The Board does not bind itself to accept the lowest or any other proposal.
Prospective consultants are advised that they can visit the website http: //www.finance.gov.tt for all published Tender Notices.
WASHINGTON---Regulators have approved the
proposed US$8 billion sale of the venerable New
York Stock Exchange to a much younger futures
exchange. The deal is a symbol of how financial
markets are being increasingly reshaped by high
The Securities and Exchange Commission disclosed
Friday that it authorized the takeover of the two-
centuries-old NYSE's parent by Atlanta-based Inter-
continentalExchange, or ICE. The rival acquiring
company, founded in 2000, has expanded rapidly
through acquisitions over the past decade.
The SEC said in a filing that it has determined
that the merger of the exchanges would comply with
securities laws and regulations.
The merger also must be approved by regulators
in Europe. The NYSE's parent is NYSE Euronext,
which includes stock exchanges in Europe. The Euro-
pean Commission, the executive body of the 28-
nation European Union, gave its approval in June.
The deal is expected to close in the fall.
For each share of NYSE Euronext stock they own,
shareholders would be able to choose either US$33.12
in cash, about a quarter-share of ICE, or a combination
of US$11.27 in cash and around one-sixth of a share
ICE's offer was valued at US$8 billion when it was
announced in December. Based on ICE's current
share price, the deal would be worth about US$10
ICE shares were up US$1.12 at US$181.47 in trading
Friday. NYSE Euronext shares rose 22 cents to
"We welcome the (SEC) decision," NYSE Euronext
spokesman Rich Adamonis said.
ICE representatives didn't immediately return a
call seeking comment.
ICE has said that little would change for the NYSE
trading floor --- known as the Big Board --- at the
corner of Wall and Broad streets in Manhattan's
financial district. But the NYSE'S clout has been
eroded by the rapid advance of technological and
regulatory changes. Its importance today is mostly
While brokerage fees for stock trading have declined,
futures exchanges like ICE have retained solid profit
margins. Futures contracts are written by exchanges
and must be bought and sold in the same place ---
unlike stocks, which can be traded on any exchange.
Buyers of futures contract commit to buy something
at a specified date and price. Futures can be used to
lock in prices as a hedge against future price move-
ments. They're also used by traders to speculate on
sale of NYSE
parent to ICE
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