FORMER Finance Minister Karen Nunez-Tesheira yesterday for the first time revealed the personal reasons she had for taking her money out of the Clico Investment Bank (CIB) in December 2008, saying she did so in order to cut ties with Clico because her late husband Russell Tesheira – right up to his death in 2004 – had been badly treated by Clico and its former executive chairman Lawrence Duprey. Continue reading Karen Nunez-Tesheira: They ill-treated my husband→
It is now three months since the People’s Partnership won the general election and, understandably, the focus has been on how it is performing and whether it is capable of keeping its election promises. My take is still that it is too early to make any real assessment as the Government is still settling in; six months might be a more reasonable time. Meanwhile, I believe this is a good time to look back and assess why the last Government lost power. There might be lessons there that could prove useful to not only the current Government but anyone in politics. Continue reading Where are they now?→
THE EDITOR: I am a small businessman running a corner shop from a small place underneath my house. When election called, I was hoping that there would have been much talk about property tax but what I am hearing is a very little. The new tax is a very worrisome proposal. I am about to finish paying my mortgage in the next two years. My wife and I working hard, let go all luxuries, saved money, cent by cent to pay up mortgage in 20 years. Continue reading Sleepless over Property Tax→
Calder Hart has resigned from Udecott and all other state boards in Trinidad and Tobago.
ALMOST two years after allegations of corruption were first made against him, Calder Hart yesterday resigned as the Udecott executive chairman and as the chairman of four other state boards he had been appointed to under Prime Minister Patrick Manning’s administration. Continue reading BREAKING NEWS: Calder Hart Resigns→
THE EDITOR: The public, unscientific and unfounded notion/assertion by Finance Minister Karen Nunez Tesheira that “the majority of Trinbagonians support the Property Tax Bill’ flies in the face of the slightest scintilla of common sense and intellectual rationality. Continue reading Tyranny of the minority in T&T→
From January 2007 to the end of the current fiscal year, Government intends to borrow more than $13.6 billion to finance the budget deficit, pay for several large government projects and to fund the government’s money supply management strategy for the economy. Responding to a question by the Opposition during private members day in the Senate earlier this week, Finance Minister Karen Nunez Tesheira said the government has already borrowed more than $8.8 billion since January 2007, and plans are already being made to raise another $4.77 billion to continue its strategy into the new fiscal year. The funding needs for the next fiscal year include $2 billion from the domestic market, $2.2 billion from foreign capital markets and another $572.3 million in project related loans. She added that the Finance Ministry was in the process of developing a plan for Trinidad and Tobago’s borrowing requirements for the medium term – that is for the next three to five years beyond the current fiscal period. Continue reading T&T borrowing $13 billion→
It is palpably unsettling to witness the pathetic display of Ministers in the Ministry of Finance (not for the first time), Minister Imbert and including Local Government Minister Hazel Manning attacking with full force the credibility and integrity of Finance Minister Tesheira’s “done deal” property tax. This tax reinforced by Finance Ministry vaulting- ambitious aspirants may very well hasten her imminent political waterloo because she has now been relegated to cold storage. She does not speak on her draconian fiscal measure any more. She has been muzzled. Continue reading Ministers Doing a Demolition Job on Finance Minister Tesheira→
The Government and in particular the Minister of Finance have been attempting to justify their murderous property tax by arguing that the value of properties has changed since 1948. They have astutely deciphered that properties have increased in value over the last sixty-one years. Continue reading No to Increase in Property Tax!→
THE EDITOR: The onerous, burdensome, sting-in-the-tail and exploitative property tax imposed by the Minister of Finance in her barrel-scraping Budget Statement will have the effect of transforming the mentality of a proud and confident, property- owning, diverse population into a nation of transient renters. From childhood I was socialized culturally into not being a renter. Now I am being forced as a fixed income pensioner, after building and living in my own home, to regard and treat myself pschologically as a renter in my own home. A long term renter has no commitment to his community or country. He is always on the move in search of greener pastures. I do not want to be treated as that. Continue reading Transforming a Property Owning Nation into Renters→
The text of the 2009-2010 Budget Statement as was presented in the House of Representatives on Monday, September 08, 2009, by the Minister of Finance the Honourable Karen Nunez-Tesheira.
Mr. Speaker, it is a distinct privilege to present to this Honourable House and to the people of Trinidad and Tobago the 2009/2010 Budget. This is the second budget of this Administration in which we continue to implement a progressive programme of development intended to improve the quality of life of our nation’s citizens. Continue reading T&T’s 2009 – 2010 Budget Statement→