Category Archives: Finance

Govt to get OPV $B refund

Scarborough CG 51 vessel at BAE Systems' shipyard on the Clyde River in Glasgow, Scotland
Scarborough CG 51 vessel at BAE Systems' shipyard
on the Clyde River in Glasgow, Scotland
By Nalinee Seelal
September 30, 2010 – newsday.co.tt

PRIME MINISTER Kamla Persad-Bissessar yesterday confirmed Government has cancelled a deal with a Scotland-based shipbuilding company BAE Systems for the acquisition of three off-shore patrol vessels, ordered by the then PNM government at a cost of TT$1.5 billion.
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NOT A PENNY MORE!

By Michael Harris
September 27, 2010

CLICO BailoutOne of the things which I tried to do as a parent was to inculcate in my son the knowledge that to be an adult meant being prepared to accept responsibility for the consequences of one’s actions. This, after all, is one key thing which separates adulthood from childhood. When you are a child it is assumed that you cannot be held entirely responsible for your actions and your parents or guardians are assumed to accept that responsibility in your stead. When you become an adult the responsibility is all yours.
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Pre-Conditions of Value-For-Money Diplomacy

By Stephen Kangal
September 26, 2010

Stephen KangalDuring his sprited Budget response to the opening salvo statement made by the Leader of the Opposition, the Honourable Keith Rowley, Foreign Minister the Hon. Dr. Suruj Rambachan posited emphatically that the Partnership Government has as its pivotal and overriding mission the conduct and achievement of what he termed value-for-money diplomacy (VMD). That new modus operandi /paradigm shift in our traditional foreign policy configuration, if it is to be seriously configured and undertaken, must be commended.
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Inclusive Development and Growth Poles in the Budget

Finance Minister Winston DookeranTHE EDITOR: Finance Minister Winston Dookeran has woven, in his own inimitable and unique style, an underlying development and ideological philosophy/ substructure that permeates, underpins and sustains the visible superstructure/fabric of his 2010/11 fiscal and development package The concept of inclusive or balanced development that is a fundamental pillar of the economic strategy of the Partnership regime was initially conceived within the womb of the COP partner. It is pivotal to the COP Mission and Vision Statements.
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Rapid rail and productivity

Rapid Rail
Rapid Rail
By George Alleyne
September 15, 2010 – newsday.co.tt

The decision by the People’s Partnership Government not to proceed with the rapid rail project will result, if implemented, in the continued overcrowding of the nation’s roads and loss of productivity in the work place and the classrooms.
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Minimum Wage, Maximum Farce

By Raffique Shah
September 11, 2010

TrinidadiansLET us be realistic about this burning issue of the minimum wage: no employer who is worthy of being called an entrepreneur pays anyone in his establishment $9 an hour. Put another way, no worker worth his or her sweat, however desperate she may be, would work for eight hours to take home $72. He would be better off hustling on the sidewalk, picking pockets, or robbing others of their valuables.
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Sources for Funding the Budget Deficit

By Stephen Kangal
September 11, 2010

Finance Minister Winston DookeranNever in the annals of the political and parliamentary history of national budgeting in T&T has such a delicately balanced, radically reforming, investment stimulating and confidence building 2010-11 fiscal package been accepted and lauded by so many across the country. This consultative-based, people’s budget was truly a national and grass-roots event with almost everyone except for a few misguided and bazodee PNM MP’s giving Finance Minister Dookeran the thumbs up approval.
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No more wastage of public funds

Water Taxi
Water Taxi
By Raffique Shah
August 15, 2010

IT is easy for people to say that the new Government should stop looking back, stop blaming the ousted People’s National Movement (PNM) government for much of the mess we find ourselves in today, and just move on. Had the Patrick Manning regime been more circumspect in handling the huge windfalls we enjoyed from around 2004, I would have endorsed that view, asking the Government to get on with governance, make no reference to the past.
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Supporting Tobago’s Tourism

By Derren Joseph
August 04, 2010

Tobago TourismLast week, the press carried a story about Deputy House Speaker Dr Fuad Khan urging Trinidadians to spend a portion of their vacation time in Tobago to boost the tourism industry in the sister island. The press report went on to say that occupancy rates at hotels are expected to drop as low as 15% in the coming months.
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