Archive for the 'Finance' Category

Grab Gulf coast opportunities

By Raffique Shah
September 20, 2017

Raffique ShahThe suggestion I made last week to phase out the Port of Port of Spain (PPOS) as a cargo port and expand the Port of Point Lisas (PPL) to become the main such facility in the country, generated much interest and discussion. That, plus the fact that the Minister of Finance will unveil the fiscal 2018 Budget in a few weeks, prompted me to return to the issue of rationalisation of the nation’s ports, and in the context of diversification of the economy, to marine services as having immense potential as a key earner of foreign exchange.
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Love a Donkey: Besson’s Independence Fables – Pt 1

By Dr. Selwyn R. Cudjoe
September 03, 2017

PART 1 – PART 2PART 3

Dr. Selwyn R. CudjoeI always marvel when relatively intelligent people say silly things about Africans and our past because of their color or class position. In “Independence Legacies” Gerard Besson offers a mishmash of information, which suffers from factual, interpretive, and definitional flaws. Besson is more concerned with trotting out an ideological position rather than with offering an analytical argument to support his contentions. It’s almost as though his “Creoleness” exempts him from treating his subject matter with the academic rigor it deserves.
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Timeo Beckles et Dona Ferentes

By Stephen Kangal
August 06, 2017

Stephen KangalThere can be at least three reactions to the question of lumping Indians and Africans together by Sir Hilary Beckles for advancing his money-based regional CARICOMesse reparations agenda:

1. One cannot trust Afro-Caribbean intellectuals to sincerely look after the interests of Caribbean Indians after they have been excluded in the first instance by CARICOM.
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Keith Rowley’s Glorious Moment

By Dr. Selwyn R. Cudjoe
July 31, 2017

Dr. Selwyn R. CudjoeLast Sunday, Jonathan Fenby, author of The General: Charles de Gaulle, suggested that Emmanuel Macron, President of France, was following closely in the footsteps of Charles de Gaulle, founder of the Fifth Republic, by using his office with the same majesty, grandeur, and decorum that de Gaulle did. He clarified: “Both are (or were) very well read, formally courteous and with an attention to detail. Though not as rousing an orator as the general, Mr. Macron uses speeches, as his predecessor of a half a century ago did, as instruments of pedagogy, notably with his address last weekend on the 75th anniversary of the round-up of Jews in Paris, when he did not hesitate to criticize de Gaulle by name for the pretense that the French authorities were not responsible” (Financial Times, July 22).
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Can FATCA Pass the International Jurisprudence Test?

By Stephen Kangal
January 29, 2017

Stephen KangalThere was a quite visible and audible dearth in the House possessive of the requisite international relations expertise to analyze and dissect the internationally illegal imposition of US- domestic FATCA on T&T from a foreign policy/international law perspective.

That important dimension after T&T has been an active international relations participant for 55 years of statehood/UN multilateral diplomacy/foreign policy-making is a blemish on our international image, national pride and reputation.
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We must do, or die like stray dogs

By Raffique Shah
January 11, 2017

Raffique ShahIf fantasy could be magically transformed into reality, as Dictator-General of Trinidad and Tobago, I would harness the approximately $10 billion per year that is wasted on cigarettes, alcohol and gambling and put that money to productive use.

But then I’d be a dead dictator before I could even proclaim the prohibitions, since I verily believe that 90-plus per cent of my countrymen smoke, drink alcohol or gamble, and many of them engage in all three vices.
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A decisive year ahead

By Raffique Shah
January 04, 2017

Raffique ShahIF asked what is the number one problem facing the nation as we enter 2017, the overwhelming majority respondents would say violent crimes, especially murders. My beleaguered fellow citizens, having survived another bloody year during which killers showed utter contempt for law and order, see a slide into anarchy looming large.

But I submit that the perilous state of the economy is the biggest threat to national stability, and the Government’s apparent inability to formulate strategies and plans to resuscitate it is the gravest danger the country faces.
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Factoring the Costs of FATCA Compliance into the Debate

By Stephen Kangal
December 30, 2016

Stephen KangalIt would appear inevitable that T&T will, in the face of a doomsday scenario, be forced to become FATCA-compliant in the shortest possible time according to the shifting deadlines unilaterally issued by the IRS/Treasury Department. But in quantifying the current and future costs of FATCA compliance one must go beyond the costs to be incurred by individuals, companies, local banks and other financial institutions and the potential loss of their billion-dollar profit margins.
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Pass the FACTA or Face the US FATWA

By Stephen Kangal
December 16, 2016

Stephen KangalThis simple headline encapsulates in its entirety all the infringements of international law, diplomacy, human rights and acceptable standards of inter-state relations that are impregnated in the modus operandi of the internationalization of the 2010 FACTA Law passed by the US Congress.

It was a tax-collection domestic legislation of the USA. It is now being imposed against several tenets of international relations with the sword of Damocles hanging over the heads of unsuspecting T&T via US Treasury/IRS- issued deadlines and threats with the Minister of Finance, Hon. Colm Imbert on bended knees dodging bullets from US aggression.
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Never lose human compassion

By Raffique Shah
September 28, 2016

Raffique ShahYou think we have problems in this country?

With days to go before Finance Minister Colm Imbert delivers the Government’s 2017 budget, Trinis by the thousand sit in bars across the country sipping beers or whisky, and amidst the din that is common to such establishments, shout to be heard: “Breds, we better drink up, yes…from Friday, we may not be able to afford Johnny Walker Blue!” Big problem, that.
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