Archive for the 'Finance' Category

Poor People Fed Up

By Danielle Frederick
August 21, 2018

MP Fitzgerald Hinds on the runAs I watched the assault on the Member of Parliament for Laventille West and the Local Government Councillor for the area by their constituents on August 14, 2018, I was saddened by the knowledge that what was playing out was a culmination of long unaddressed social and political factors that none of the actors, on either side, would acknowledge long enough to address. Let me be categorical in my condemnation of the actions of some residents of Beetham Gardens towards their Member of Parliament and Local Government Councillor. These men, Minister Fitzgerald Hinds and Councillor Akil Audain, represented the entire political class, and those chasing them represented the underclass created and sustained, in part, by the political class.
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Valuation Division off on wrong foot

By Raffique Shah
June 15, 2018

Raffique ShahOftentimes, civic and professional organisations that stay aloof of the political mud-wrestling that has long been the dominant feature of our parliamentary system, provide citizens with greater clarity on legislation that impact our lives than our warring politicians do.

Such is the case with the controversial Property Tax Act and its many amendments. On every occasion that the legislation has come before Parliament, it has generated a fish-market-like cacophony and wild fear-mongering to the extent that an entire general election campaign (2010) was conducted on the theme “axe the tax”, and the Manning government fell, albeit on issues wider and larger than the tax.
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Go after State lands thieves

By Raffique Shah
June 07, 2018

Raffique ShahI was about to write a column on my concerns with the Valuation Division of the Ministry of Finance, which plays a critical role in the implementation of the new Property Tax, when I read the lead story in the Sunday Express that pertained to a number of “hanky-panky” deals involving the distribution of State lands by officials of the Division of State Lands, which falls under the Ministry of Agriculture.
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Imbert’s Casual Cruelty

By Dr Selwyn R. Cudjoe
May 21, 2018

Dr. Selwyn R. CudjoeI am always struck by Colm Imbert’s casual cruelty; his notion that he possesses superior wisdom; is always in the right; and his access to privileged information makes his utterances irrefutable. Such advantages, he believes, give him the right to demean and insult anyone he chooses.

On May 11 he was at his most incorrigible presumably because God blessed T&T with greater accesses to nature’s riches than say Jamaica. He accused Mariano Brown, Patrick Watson, Roger Hosein, Indera Sagewan-Alli, and Maria Dukharan of being “unfair and biased in their criticisms of Government’s handling of the economy” (Guardian, May 13).
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Harness the best cocoa in the world

By Raffique Shah
May 16, 2018

Raffique ShahSometimes it pays to stay aloof of the noise that tends to pollute discussions on issues as important as the state of the national economy and efforts to resuscitate it. Last week, Finance Minister Colm Imbert’s mid-year review of the fiscal 2017-2018 Budget, which has been elevated to a media event, degenerated into a political slugfest involving several prominent economists and political commentators, and cantankerous Colm.
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Imbert paints brighter mid-year picture

Economy turning around

By Gail Alexander
May 11, 2018 – guardian.co.tt

Colm ImbertAfter two and a half years of financial adjustment, Government’s now seeing its way.

The economy is turning around, revenue collection is up, the energy sector’s booming and the non-oil sector is also growing, Finance Minister Colm Imbert announced yesterday.
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Shelve property tax as energy revenue rises

By Gail Alexander
May 10, 2018 – guardian.co.tt

Opposition Chief Whip David LeeThe Government should not institute the property tax since Finance Minister Colm Imbert recently said T&T has “turned the corner” and also projected “good news” in today’s mid-year Budget review, says Opposition Chief Whip David Lee.

“He has painted a more positive outlook for T&T in recent weeks. Also, energy prices are better than before. If the situation is really good, Government should have no need to pursue the property tax and inflict further hardship on the public,” Lee said yesterday.
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Growing Our Cultural Capital

By Dr Selwyn R. Cudjoe
April 23, 2018

“As everyone knows, priceless things have their price.” —Pierre Bourdieu, The Forms of Capital

Dr. Selwyn R. CudjoeDr. Roodal Moonilal is a sophisticated intellectual who spent six years at the Institute of Social Studies at the Hague, in Holland, where he received a doctorate in history. In fact, he announced with justified pride: “I became the first student in the history of the Institute to graduate with a distinction in a PhD for my thesis (sic)” (Newsday, June 27, 2010). One would have thought that he was acquainted with Pierre Bourdieu’s thinking on the importance of cultural capital and its immense value to a society.
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Note to economic planners: put needs before greed

By Raffique Shah
January 17, 2018

Raffique ShahDr Terrence Farrell’s resignation last week as chairman of the Government-appointed Economic Development Advisory Board brought into focus a long-simmering conflict between economists and business interests in one camp, more or less; the Government, which sees the economy primarily through the prism of political power, on the other; and trade unions and a disparate population that sense the near-violent instability of the ship of state and recognise the need for adjustments by all passengers on board, from captain to cook, but each one expecting the other, not him, to move.
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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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