By Terrence Farrell
Aug 14, 2015 – trinidadexpress.com
What has been the impact on energy sector revenues of the fall in oil and gas prices? Data published by the Central Bank indicates that in the first eight months of the current fiscal year, energy sector revenues have declined by $3.3 billion or 27.5 per cent. Total Government revenues declined by only 1.7 per cent because the proceeds of the tax amnesty and NGC special dividend helped to offset the fall in oil revenues.
Continue reading ‘Reckless endangerment’
By Dr. Selwyn R. Cudjoe
July 17, 2015
On July 16th the Express reported that Mr. Jwala Rambarran, governor of the Central Bank, appointed Dr. Sandra Sookram to be a deputy governor. It was a stunningly bad decision; a continuation of the demonstrated incompetence Mr. Rambarran has shown since he became the governor in 2012. Such an appointment represents Mr. Rambarran’s continuing practice of sidelining strong competent people and elevating weak and incompetent acquaintances from which he can expect no challenges.
Continue reading ‘A Stunningly Bad Appointment’
May 11, 2015 – trinidadexpress.com
It is not enough for Finance Minister Larry Howai to say that he expects all of the $60 million stolen from the National Energy Corporation’s account at First Citizens to be recovered. What is needed is prosecution of those who stole the money and full accountability from officials of the two State enterprises who were entrusted with managing the $60 million in public funds.
Continue reading ‘Questions about that $60m theft’
By Asha Javeed
May 02, 2015 – trinidadexpress.com
Trinidad and Tobago has suffered a big blow to its status as the place to invest in the Caribbean after international agency Moody’s downgraded the country’s credit rating from stable to negative.
Moody’s on Thursday downgraded Trinidad and Tobago’s Government bond rating and issuer rating to from Baa1 to Baa2.
The ratings are used and considered by international investors looking to do business in T&T.
Moody’s justification for the downgrade, which happened on Thursday, are:
Continue reading ‘T&T suffers big blow’
Moody’s Investors Service, the credit rating agency that conducts international financial research on bonds issued by commercial and government entities on Thursday downgraded Trinidad and Tobago’s government bond rating, and issuer rating to Baa2 from Baa1 and changed the outlook to negative from stable.
According to Moody’s, the key drivers behind the downgrade are:
Continue reading ‘Moody’s just downgraded T&T’s credit rating’
By Michael Harris
April 27, 2015 – trinidadexpress.com
But there are more serious issues behind the promise of a causeway.
First of all while there is no question that the UNC did “tief” the PNM promise, we do have to ask ourselves why this particular promise. One answer has to do with what the Government is doing to the Chaguaramas peninsula. According to Planning Minister Bhoe Tewarie, the Government’s plan is to “monetise” the peninsula.
Continue reading ‘Behind the promise of a causeway’
My fellow citizens, ladies and gentlemen, good evening.
When we last spoke on the eve of the New Year, 2015, I made a commitment to have this conversation with you.
My commitment came about because of growing turbulence in the global energy sector, and the impact of lower oil prices on economies such as ours.
Continue reading ‘PM’s Address to the Nation on the Economy’
By Raffique Shah
April 06, 2014
The cavalier manner in which certain senior officials at First Citizens responded to the legitimate concerns of citizens over aspects of the bank’s Initial Public Offering (IPO) exposed them as not knowing their own history, or caring about public trust that is critical to the success and survival of such institutions.
Continue reading ‘Patriots built bank’
By Stephen Kangal
September 11, 2013
The heart and soul, indeed the single most important determining factor in the calculation of the quantum of property taxation for each property is the year in which the requisite rental value -driven valuation was completed and applied. Finance Minister Larry Howai alluded to the fact that by the time residential properties are brought to book again by 2017 the relevant requisite up-to-date valuations will have been completed.
Continue reading ‘There’s is No Solace in the Land and Building Taxes Regime’