The rebranding of the Intercommercial Trust and Merchant Bank and all that goes with it – its standalone status; a new, restructured entity; its new location, situated in Port of Spain, in the middle of the financial centre, as it were – all of this carries enormous significance.
However, this can be regarded as an overvaluation by retail stores that the relatively high level of the year-on-year rate of increase in sales since April 2015 – which actually is due to the base effect of the decline in demand after the consumption tax hike in 2014 – is an indication of the firmness in sales.