Tag: Trinidad and Tobago

Do Sovereign Credit Ratings Really Matter?

31 July 2017

A FIRSTLINE SECURITIES LIMITED BLOG BY: MIKE

As the dust settles on the recent sovereign downgrades of Trinidad and Tobago and the Minister of Finance’s vexation levels recede, we take a look at the wider issue of sovereign downgrades. Are we alone and does it matter?

Read more…

The 2017 Mid-Year Budget Review – Part Two

26 May 2017

A Firstline Securities Limited Blog by: Mike

On the 10th May 2017 Trinidad and Tobago’s Minister of Finance, Colm Imbert, presented his 2017 Mid-Year Budget Review. In this second blog entry, in a series of three, we continue to explore the main contents of that presentation and the implications for the citizens of Trinidad and Tobago.

Read more…

The 2017 Mid-Year Budget Review – Part One

25 May 2017

A Firstline Securities Limited Blog by: Mike

On the 10th May 2017 the Minister of Finance of Trinidad and Tobago, Colm Imbert, presented his 2017 Mid-Year Budget Review. In this blog entry, and in the subsequent two blogs, we explore the main contents of that presentation and the implications of the review for the citizens of Trinidad and Tobago.

Read more…

A Time to Get Even More Moody?

28 April 2017

Moody’s downgrade Trinidad and Tobago Again

Photo courtesy: http://www.reuters.com/article/us-usa-ratings-moody-s-idUSKCN0S11AM20151007

A Firstline Securities Limited Blog by: Mike

Yesterday we reported on S&P’s recent Trinidad and Tobago downgrade…now let’s look at what Moody’s thinks:

On the 25th April 2017, Moody’s Investor Services (Moody’s) downgraded Trinidad and Tobago’s government bond rating from Baa3 to Ba1 and assigned a country outlook classification of stable.

This downgrade is the third successive Moody’s downgrade of Trinidad and Tobago. On the 30th April 2015 Moody’s downgraded Trinidad and Tobago’s government bond rating from Baa1 to Baa2, and on the 15th April 2016 Moody’s downgraded the same securities from Baa2 to Baa3. Read more…

S&P Global Ratings Downgrades Trinidad and Tobago

27 April 2017

Photo Courtesy: http://www.luxembourgforfinance.com/en/news/standard-and-poors-confirms-luxembourg-aaa

A Firstline Securities Limited Blog by: Mike

On the 21st April 2017 S&P Global Ratings (S&P) downgraded Trinidad and Tobago’s long-term sovereign ratings from A- to BBB+. At the same time, S&P confirmed the outlook of Trinidad and Tobago as stable. Read more…

FETE OVER?….NOT A CHANCE!

6 March 2017

The incredible likeness of George Chambers’ ghost.

When George Chambers uttered the phrase: “fete over, back to work”, he probably didn’t realise how immortal and timeless those words would become.
With the economy of Trinidad and Tobago in recession, oil prices remaining in a stagnant state, GDP falling, foreign exchange in scarce supply, and many of our citizens finding it hard to make “ends meet,” does it make sense shelling out over $1,500.00 to attend a fete, or borrowing over $6,000.00 at a 9% interest to fund a Carnival costume that is good for just a day’s or two days’ use?
So, in the spirit of George Chambers’ immortal words, the fete may be over and we may all be back at work, but was the fete worth supporting in the first place, especially when the activities of the central government and the economy of Trinidad and Tobago are severely curtailed by a lack of revenue and positive economic activity?

Read more…

In T&T: Back to grind in St James/Woodbrook

4 September 2012

Without a proper stress test, how will we ever know if the plan was practical?

After a two-month reprieve, commuters were back to the usual rush- hour grind as school re-opened yesterday.

For those travelling through Woodbrook and St James, it was also the first working day since the experimental traffic plan—initiated July 16—was reversed, reinstating the original routes. The plan was reversed last Friday, the Independence Day holiday. Read more…

In T&T: 2 firms land Invaders Bay deal

3 August 2012

Big plans ahead as “cruise ship complex could be included…at Invaders Bay” along with “themed spaces reflective of the country.”

Two local companies—Invaders Bay Marine Ltd and Da Chin Commercial Development Ltd have been given the nod by Cabinet for their proposals to develop the Invaders Bay area. Read more…

In T&T: UN report: Local CEOs can make greater impact

27 July 2012

Nice follow-up to our blog post on Ethics. Take a look!

Trinidad and Tobago needs more strategic corporate social responsibility (CSR) for sustainable social improvement to take place, the United Nations Development Programme’s (UNDP) CEO study on CSR in Trinidad and Tobago has suggested. Read more…