economy

DOMA: Less Gov't control of foreign exchange distribution needed, not more

The Downtown Owners and Merchants Association (DOMA) says there is a need for less control of foreign exchange distribution, and not more.

The comments comes as DOMA says it has taken note of remarks made by the Finance Minister suggesting the need for more control.

DOMA issued the following statement on Thursday;

Economic impact of 2017 CPL in T&T was US$23.6 million

The economic impact of the Hero Caribbean Premier League (CPL) in Trinidad and Tobago last year, amounted to US$23.6 million dollars (TT$158.2 million).

This was announced by the Hero CPL Chief Operations Officer, Pete Russell.

The event in 2017 ran from August 4th to September 9th and T&T hosted five preliminary round matches at the Queen’s Park Oval, as well as the finals week which took place at the Brian Lara Cricket Academy in Tarouba.

International researchers, SMG Insight considered organiser spend, visitor spend and media value to derive economic impact.

Terrence Farrell resigns as chair of Economic Development Advisory Board

The Office of the Prime Minister has announced that the chairman of the Economic Development Advisory Board, Terrance Farrell has resigned with immediate effect.

The announcement came via the following statement by the Office of the Prime Minister Wednesday afternoon.

"The Prime Minister Dr. The Honorable Keith Rowley, on January 8th, accepted the resignation of Dr. Terrence W. Farrell as Chairman of the Economic Development Advisory Board with immediate effect. 

Education Ministry suspends hot/cold beverages & bottled water at meetings

No hot and cold beverages and no bottled water at meetings until further notice.

That's what department heads at the Ministry of Education are being told via a circular issued by the permanent secretary.

The circular is titled, "Suspension of Tea Services at meetings".

OWTU mobilises Petrotrin workers

The Oilfield Workers’ Trade Union (OWTU) has mobilised Petrotrin workers today in a show of force.

It comes as the union signals its intention to oppose any attempt by the government to retrench workers and privatise state-owned Petrotrin.

The mass mobilisation was expected to began at 7 am at Petrotrin’s Trinmar operations in Point Fortin and will continue at the Pointe-a-Pierre refinery on Friday.

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