Tag: Trinidad and Tobago Economy 2012

In T&T: Budget of deception

8 October 2012

Strong words, as concerns on Heritage and Stabilisation Fund (among other items) are expressed.

ENERGY expert Gregory McGuire has warned that the country is living beyond its means and will face disaster should oil prices plummet for an extended period. Read more…

In T&T: Economist: Real jobless rate 16-20%

4 October 2012

Private sector employment…true driver of economic growth?

The unemployment rate in Trinidad and Tobago is deflated because State programmes soak up excess labour, giving the impression the economy is in full employment when it really is not, economist Indera Sagewan-Alli has said. Read more…

In T&T: HOWAI’S TEST

1 October 2012

D-Day for Finance Minister…Planning Minister reminds that “growth cannot be achieved without stimulus.¬†“

Austerity versus stimulus, politics versus economics.

Those are the dual balancing acts of the People’s Partnership Budget 2012/2013, titled the “People’s Budget”. Read more…

In T&T: Distributor calls for food tax break

18 September 2012

A way to (partially) relieve the high incidence of tax on local food consumers?

Removing import duties and value added tax (VAT) on certain staple goods would help reduce food costs, a prominent food distributor has said. Read more…

In T&T: T&T falls three spots Global Competitive ranking:

6 September 2012

“Poor work ethic…corruption; and access to financing,” all contributing to decline.

Trinidad and Tobago has fallen three spots in this year’s World Economic Forum’s Global Competitiveness ranking.

The country, which ranked 81 out of 142 countries last year, now ranks 84 out of 144. Read more…

In T&T: Howai hints at ‘austerity’ in budget

5 September 2012

Finance Minister alludes to ‘belt- tightening’… quasi-austerity?

Trinidad and Tobago can expect some austere measures in the upcoming fiscal 2012-2013 Budget, Finance Minister Larry Howai has said. Read more…

In T&T: Mokesh Ramlal new Flour Mills finance head

28 August 2012

Shake-up at NFM likely to see more new faces coming in.

National Flour Mills Ltd (NFM) has announced the appointment of Mokesh Ramlal as its new financial controller. Read more…

In T&T: Inflation down 2 months in a row …repo rate remains at 3 per cent

27 August 2012

“Accommodative monetary stance” appears to be the global panacea.

The country’s inflation rate decelerated slightly for the second consecutive month in July, the Central Bank said yesterday.

Headline inflation slowed to 10.8 per cent (year on year) in July, down from 11 per cent in June, the Bank said in its latest repo report. Read more…

In T&T: We need US$300m for tourism, says Cadiz

4 July 2012

“Lack of coordinated marketing for Tobago will soon be a thing of the past.” Music to your ears?

Trinidad and Tobago needs US$300 million to promote its tourism product.

This was disclosed yesterday by recently appointed Tourism Minister Stephen Cadiz. Read more…

In T&T: Howai: I’m up to the challenge

26 June 2012

Set for the challenges ahead. Howai feels that now is the “time…to come forward and make an input.”

New Finance Minister Larry Howai has said he is grateful for the confidence placed in him by Prime Minister Kamla Persad-Bissessar and others in the business community on his appointment. Read more…