By Raffique Shah
January 27, 2016
As a nation, we can do nothing about the plunging price of oil except watch with alarm as crude slides below US $30 a barrel.
Even if we ramp up production, which has fallen by approximately 50 per cent over the past decade, it will make little sense. At this point, it might be better to leave the oil in the wells rather than sell it for peanuts.
Continue reading ‘Destiny in our hands’
By Stephen Kangal
January 02, 2015
Any PM who claims to be a plain old fashioned leader after delivering a much awaited First Address to the Nation had a duty of care and indeed a political obligation to obtain first hand and as they are articulated, the reaction of the people to his prescription albeit diffused, to the package of adjustment measures that represent his diagnosis of the economic and financial ailment besieging T&T.
Continue reading ‘PM Rowley Should Have Been Here’
By Anthony Wilson
December 26, 2015 – guardian.co.tt
At its weekly meeting on Wednesday, Cabinet took a decision to request the President to terminate the appointment of former Central Bank Governor, Jwala Rambarran, in accordance with sections 12(e) and 12(g) of the Central Bank Act, Finance Minister Colm Imbert said in a statement on Thursday.
Continue reading ‘Why Jwala had to go’
By Stephen Kangal
December 25, 2015
The pathological obsession of the PNM with pre-maturely removing Jwala as Governor of the CBTT has caused them to act in a most irresponsible, reckless, arbitrary and vulgar manner at this the season of goodwill and peace on the earth of Trinbago. T&T is plunged into an air of sadness and deep cataclysmic foreboding. A lamb has been led into the slaughter again even when birth is being celebrated universally.
Continue reading ‘The Pathology of the Firing of Jwala’
By Renuka Singh
December 24, 2015 – guardian.co.tt
Central Bank Governor Jwala Rambarran has been fired. The T&T Guardian confirmed that Rambarran was dismissed by the Minister of Finance, Colm Imbert yesterday.
Word of this unprecedented dismissal came late last night, but only one day after Prime Minister Dr Keith Rowley said that a Government “ought to have confidence” in any Central Bank Governor. That comment and his refusal to give any ground to Rambarran made clear that he did not have any confidence in the Governor.
Continue reading ‘Govt axes Rambarran’
By Raffique Shah
December 07, 2015
This recession did not creep up on us like the proverbial thief in the night.
It was long in the making. In fact, from as far back as the global financial crisis of 2008-2009, when Clico collapsed and the price of oil plunged from a brief high of US $140 a barrel to $30, informed, patriotic citizens were warning governments to go easy on the wild spending, to set aside more savings in the Heritage and Stabilisation Fund, to wean the population off dependency on subsidies, and most of all to diversify the economy from its over-reliance on oil, gas and petrochemicals.
Continue reading ‘Recession was predictable’
By JANELLE DE SOUZA
November 22 2015 – newsday.co.tt
The Housing Development Corporation (HDC) will no longer build high-end housing units.
Instead, any future construction would be of more affordable units that meet the needs of the majority of applicants.
Prime Minister Dr Keith Rowley made the statement at the new Chaconia Crescent development, Four Roads, Diego Martin, yesterday during his feature address at the distribution ceremony of 120 keys for units at Chaconia Crescent as well as for Greenvale Park in La Horquetta.
Continue reading ‘NO MORE UPSCALE HDC HOMES’
By Gail Alexander
Prime Minister Dr Keith Rowley and his wife Sharon Rowley
November 13, 2015 – guardian.co.tt
Prime Minister Dr Keith Rowley will attend the upcoming Commonwealth Heads of Government conference in Malta accompanied by a small delegation including his wife Sharon, Communication Minister Maxie Cuffie said yesterday.
Continue reading ‘Query over Sharon’s Malta trip’
By Raffique Shah
October 19, 2015
If a mere ten percent of the sums of money quoted by almost every new PNM minister as having gone to waste or astray under the previous government is factual, then at least a billion dollars was squandered or stolen during the tenure of the People’s Partnership.
If the ministers were accurate and truthful in their allegations of profligacy, then an astounding ten billion dollars, at least, found its way into the bank accounts of assorted thieves and accomplices.
Continue reading ‘Scale of squandermania mind-boggling’
By Clint Chan Tack
October 06 2015 – newsday.co.tt
PRIME Minister Dr Keith Rowley yesterday said the 2016 Budget provides the Government with an appropriate roadmap to guide the country through the challenging economic times ahead. The Prime Minister made this point as he and Finance Minister Colm Imbert spoke with reporters at Tower D of the Port-of-Spain International Waterfront Centre, after Imbert unveiled the Government’s $63 billion fiscal package.
Continue reading ‘PM: We will adjust Budget to suit’