Category Archives: Finance

In Defense of Teachers

By Dr Selwyn R. Cudjoe
April 29, 2020

Dr. Selwyn R. CudjoeAlberta Smith (not her real name), my dear friend, has been a primary school teacher for thirty years. She didn’t like last week’s article and didn’t put water in her mouth to tell me so. She sent the following response which I was free to reproduce once I omitted her real name. She wrote:
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A COVID Recovery Road Map with Too Many Junctions

By Stephen Kangal
April 26, 2020

Stephen KangalA third Road Multi-Sectoral and micro and macro conceptualised Map is now being engineered and brainstormed by the PNM Government. Both the previous 2020 and 2030 Vision Road Maps were shelved because the PNM is politically notorious for conceptualization plans but total failures when it comes to critical implementation commitments.
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Road Map To Recovery Team Needs Rethinking

By A. Hotep
April 17, 2020

Road Map To Recovery Team Needs RethinkingPM Dr Keith Rowley’s “Road Map to Recovery” team is mostly the same tone-deaf people who have us in our financial and social crisis today. There was no inclusion of members of the African community who advocate for addressing our racial and cultural issues which remain at the heart of disunity, insecurity and discriminatory social behaviours in this country. Why was the Opposition leader not invited to be part of this group? I am not aware of members of this team placing environmental concerns at the top of their agenda. Where are those who are concerned about the development of our agriculture and water management sectors? I rather suspect some feminists would also have similar concerns about being omitted.
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Hooked on foreign foods

By Raffique Shah
April 14, 2020

Raffique ShahLarge mobs of presumably hungry consumers virtually laid siege to fast-foods restaurants across the country last Monday evening after Prime Minister Keith Rowley announced that all restaurants and retail food services will be closed for business until the end of this month. Embedded in that eruption was a conundrum this country faces as it battles the COVID-19 virus.
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After crisis food rationing?

By Raffique Shah
April 06, 2020

Raffique ShahWhen we will have overcome the COVID-19 multi-pronged attack on Trinidad and Tobago, we will face associated problems ranging from the economy under severe stress such as it has never been before, with unemployment at a crisis level, disruption of the education system leaving all stakeholders confused, and possible shortage of foods. Just when the population thought it was safe to exhale, having survived the deadliest pandemic in modern history, the bugle will sound summoning couch-and television-weary troops to do battle again, and likely yet again, for love of country.
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First Citizens, second citizens

By Raffique Shah
February 10, 2020

Raffique ShahThe recent announcement that the T&T Securities and Exchange Commission and Bourse Securities, Hassan Rahaman and Imtiaz Rahaman have reached an agreement whereby the latter three parties will pay the SEC $2.8 million pertaining to Hassan’s purchase of 659,588 shares of First Citizens Bank during the July 2013 Initial Public Offering, prompted me to speak out on a related matter.
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Amen, Brother Gregory

By Raffique Shah
January 14, 2020

Raffique ShahIf we think that the Trinidad and Tobago economy is in for another rough ride this year, possibly rougher than what we experienced over the past five years, we should read some of the grim global economic outlooks projected by international agencies such as the World Bank, the International Monetary Fund, Morgan Stanley, Goldman Sachs et al for almost every country in the world.
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Tithes & Thefts

By Dr Selwyn R. Cudjoe
January 8, 2020

Dr. Selwyn R. CudjoeAfter it was reported that Pastor Vinworth Antony Dayal, leader of the Third Exodus Assembly Church, had assembled $29 million in assets over 19 years, Dr. Knolly Clarke, head of the IRO, declared: “Each church has their own way of doing things but in the Anglican Church and I think in the Roman Catholic, we have trustees. We audit our accounts every year. Our church is very strict with funds. It is not a one-man show” (Express, January 3, 2002).
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How Our Banking System Dis-serves the Poor

By Dr Selwyn R. Cudjoe
January 02, 2020

Dr. Selwyn R. CudjoeThe issuance of the polymer $100 bill and the hardships it caused many citizens should make us realize how the banking system discriminates against the poor and looks down on them for having created an alternative financial system that serves their needs.

The Trinidad Express, in an insightful editorial, offered a useful history of banking in this country. It cautioned: “It is in the interest of the national economy and social harmony that policy makers and bankers understand T&T’s culture of savings and design instruments appropriate to them instead of demeaning them and pushing them underground.” (December 19).
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Beware those with hidden agendas

By Raffique Shah
December 16, 2019

Raffique ShahI confess to being somewhat confused when the Minister of National Security, Stuart Young, and not the Minister of Finance, Colm Imbert, led the charge for the introduction of the new polymer $100 bills on behalf of the Government. It took me minutes to understand their motive for the swift phasing out of the old bills, rendering them of no value, and replacing them with the multi-security-features polymer notes.
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