Money Matters: Firstline Securities Blog

7 HACKING METHODS TO BE AWARE OF!

20 February 2018

Photo Credit: View Link

A Firstline Securities Limited Blog by: Ahamad Hosein Read more…

OUR REVIEW CONTINUES…..SO, TIME FOR A NEW CAR?

2 February 2018

In this two-part blog series we continue to look at the Finance Act No 15 of 2017 which is designed to implement the 2018 National Budget of Trinidad and Tobago. We examine what has been implemented and what has been deferred or simply left out without explanation. Those with businesses should be careful to ensure that they correctly calculate their quarterly returns, while those thinking about buying a new or foreign used car should consider changes made to the taxation of vehicles for private and commercial purposes.

On track, off track, or off the planet – let us know what you think of the course charted.

A Firstline Securities Limited Blog by: Mike

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OUR REVIEW OF THE FINANCE ACT NO. 15 OF 2017

1 February 2018

A Firstline Securities Limited Blog by: Mike

In a series of two blog entries we look at the Finance Act No 15 of 2017 designed to implement the 2018 National Budget of Trinidad and Tobago. We examine what has been implemented and what has been deferred or simply left out without explanation. Those with businesses should be careful to ensure that they correctly calculate their quarterly returns, while those thinking about buying a new or foreign used car should consider changes made to the taxation of vehicles for private and commercial purposes.

On track, off track, or off the planet – let us know what you think of the course charted. Read more…

NCB Financial Group to Acquire Guardian Holdings Limited

11 January 2018

A Firstline Securities Limited Blog by: Vishal Jadoo

The take-over of Guardian Holding Limited by the NCB Financial Group (NCBFG) will create a new regional power player in the financial services industry to join the likes of Republic Bank, RBC Royal Bank and Sagicor Financial Corporation.

As per revelations in GHL’s Directors’ circular on December 29th 2018, NCBFG should acquire a minimum of 21.89 % of GHL’s outstanding shares. Directors Arthur Lok Jack, Imitiaz Ahamad, Nicholas Lok Jack and Peter H Ganteaume have indicated their acceptance of or intent to accept the take-over offer. This will take the Offeror’s total holding of GHL shares to 51.89% within the range of 50.01%- 62.00% deemed acceptable to the Offeror.

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Stepping on that Ladder

28 December 2017

A Firstline Securities Limited Blog by: Jody Hernandez

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Ever thought about why some people are wealthy…and others are not?

15 December 2017

Photo Credit: View Link 

A Firstline Securities Limited Blog by: Cole Patrick

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Can Tax Evasion Land you in Jail for Money Laundering?

30 October 2017

What is Tax evasion

Tax evasion is an illegal practice where a person, organisation or corporation intentionally avoids paying his true tax liability. Those caught evading taxes are generally subject to criminal charges and substantial penalties. Definition courtesy Investopedia.com

A Firstline Securities Limited Blog by: Ahamad Hosein

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The 2018 National Budget of the Republic of Trinidad and Tobago

13 October 2017

Changing the Paradigm: Putting the Economy on a Substantial Path –
Part Five – 
Other Areas

A Firstline Securities Limited Blog by: Mike

National Security

National Security and addressing crime and criminality continues to be the Government’s number one priority. National Security is to be allocated TT$6.2371 billion in the 2018 budget making it the second largest component of expenditure after education. Read more…

The 2018 National Budget of the Republic of Trinidad and Tobago

12 October 2017

Changing the Paradigm: Putting the Economy on a Substantial Path – Part Four

The estimates of Revenue and Expenditure for 2017-2018

A Firstline Securities Limited Blog by: Mike

The key figures in the 2018 National Budget

Key to the Minister’s new paradigm is bringing expenditure into line with the available revenue stream and attempting to control the size of the budget deficit that for the outturn of 2017 is estimated to be TT$12.643 billion.

Total revenue has been budgeted at TT$45.74 billion against the estimated outturn for 2017 of TT$37.84 billion. Of this sum TT$37.3 billion has been identified by the Minister as core revenue meaning that it is derived from taxation, royalties, and custom duties. The difference is expected to come from borrowing on the domestic market (TT$4.5 billion) together with the sale of assets (CLICO assets) and drawdowns from a restructured HSF of up to TT$7.5 billion.

Total expenditure has been budgeted at TT$50.5 billion against the estimated outturn for 2017 of TT$48.4 billion.

The expected fiscal deficit for 2018 is the difference between income and expenditure and amounts to TT$4.76 billion. This represents 3.1% of GDP (2017 outturn: 8.4% of GDP).

Revenue estimates are predicated on an oil price of US$52 per barrel and a gas price of US$2.75 per MMBtu. These figures are both below the IMF and World Bank forecasts for oil and gas prices. Read more…

The 2018 National Budget of the Republic of Trinidad and Tobago

11 October 2017

Changing the Paradigm: Putting the Economy on a Substantial Path – 

Part Three: The Path to Diversification

A Firstline Securities Limited Blog by: Mike

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