By Raffique Shah
January 14, 2020
If 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.
Continue reading ‘Amen, Brother Gregory’
By Raffique Shah
October 16, 2019
Some day last week, after I had eaten a very modest lunch, I was snacking on a few locally-manufactured crackers when my wife asked, “You still hungry, nah?” She has noted with unnecessary concern that I eat smaller portions, which I attribute to ageing and my now mostly sedentary lifestyle, the latter imposed on me by my infirmity. I don’t need calories that I won’t burn as I did during my very active pre-Parkinson’s life. That reality notwithstanding, the urge to snack on junk remains undiminished, much to my dismay.
Continue reading ‘Greed is killing us not so softly’
By Raffique Shah
October 07, 2019
It is a newspaper commentator’s dilemma—having to write on the Finance Minister’s annual budget presentation, as readers expect him to, both before and after the Appropriation Bill is laid in Parliament. This becomes even more challenging when the package covers the year leading to a general election when the Government, and here I mean any government, engages in distributing largesse like the proverbial “parsad” at “pujas”, throwing goodies at the electorate with the expectation that they will yield votes.
Continue reading ‘Budget biggest ‘bag’ thieves lay their hands on’
By Dr Selwyn R. Cudjoe
October 03, 2019
In the early 1970s when Marxist economics was all the rage, several Caribbean graduate students attended to the classes of Jaroslav Vanek, an economist and professor at Cornell University. He was known worldwide for his research on labor-managed economies or what he called “participatory economies.” Yugoslavia’s President Tito (1843-1980) was in power and was following this approach to social and economic development.
Continue reading ‘A Magnificent Breakthrough’
By Raffique Shah
October 02, 2019
The outrage that erupted when Government announced its decision to name the Oilfields Workers Trade Union’s company, Patriotic Energies and Technologies Ltd, as the preferred bidder for the oil refinery at Pointe-a-Pierre (Guaracara Refining Co), you’d swear all Cabinet ministers and the OWTU’s president Ancel Roget and his entire executive are guilty of high treason, and deserve to be hauled into Woodford Square and shot to death with goat-pills.
Continue reading ‘Why not the OWTU?’
By Raffique Shah
August 29, 2019
I had planned to write a column sometime before the 2019-2020 Budget presentation on the successor-companies to State-owned oil giant Petrotrin, seeking to have the Minister of Energy and/or Corporation Sole (the Minister of Finance) inform the public of their progress or regress or stagnation. I thought that in the spirit of transparency, especially after citizens were stunned when we were told in 2017 or thereabout that the one-time pillar of the national economy was teetering on the brink of bankruptcy and mired in multi-billion-dollar debts, we the public should know early o’clock if the new enterprises were faring any better.
Continue reading ‘Oil in turmoil’
By Raffique Shah
June 14, 2019
Trinidad and Tobago should be grateful for having among its citizens patriots who are unafraid to speak out on issues that affect us all, and more importantly, who bear allegiance to the country, not to any political party. Of course, such persons have the right to support a party of their choice at any point in time. But they also jealously maintain their independence by criticising the policies and actions of the party they voted for when they are convinced it has made decisions that are inimical to the best interests of the nation.
Continue reading ‘Identifying and fighting economic apartheid’
By Raffique Shah
May 29, 2019
Consider the following: in 2019, when the 20-year contract for Train 1 of the Atlantic LNG plant expired and a new contract was negotiated, supposedly giving the people of Trinidad and Tobago a fairer share of the profits, the principal shareholder of the Train, BPTT, cast doubt over its future viability based on an unreliable supply of natural gas occasioned by two (or four?) “dry holes” in the energy giant’s infill drilling programme offshore T&T.
Continue reading ‘Four trains too far?’
By Raffique Shah
April 02, 2019
The Keith Rowley Government needs to stop playing the ox with what little is left of the oil industry in Trinidad and Tobago. A few weeks ago, chairman of the successor company to Petrotrin, Wilfred Espinet, inadvertently (according to Energy Minister Franklin Khan) invited “interested parties who possess the requisite energy sector expertise and substantial financial resources” to apply for an initial marketing document regarding the proposed sale of Guaracara Refining Company (GRC) and Paria Fuel Trading Company (PFTC).
Continue reading ‘Government must come clean on future of oil industry’
By Raffique Shah
December 11, 2018
In my column last week in which I lamented the collapse of Petrotrin, I submitted that one of the tragic consequences would be the oil refinery falling into the hands of foreigners (by lease or purchase), and the workers who were terminated returning to seek employment with the new operators, prepared to work for substantially lower wages and salaries than they earned with the State-owned company.
Continue reading ‘‘We dogs dead’’
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