economy

Finance Ministry: Money for salaries already sent to Ministries

The Ministry of Finance says funds are available for salaries to be paid across the public service.

This comes as several public servants including teachers have not yet been paid.

However the Ministry issued the following statement saying the money has been made available.

"The Ministry of Finance wishes to confirm that during the last week, it made available to all ministries the necessary funds to pay salaries for the month of October 2017.

JMMB limits international point-of-sale purchases to US$500/month

JMMB Bank Trinidad and Tobago Limited has notified its clients about a reduction in the foreign currency access via its International Visa Debit Card.

The bank says the reduction will impact clients across the bank as online purchases from international vendors, and international Point of Sale (POS) purchases will be limited to $500 USD monthly.

Overseas withdrawals at ATMs have been suspended.

The bank says that clients wishing to access foreign currency are asked to call the JMMB directly.

Gaming Association challenges Finance Minister to prove allegations

The president of the Amusement Gaming Association is challenging Finance Minister Colm Imbert to prove the claims he made against the association while winding-up the Budget debate on Thursday.

Russell Bahadoorsingh says the Minister's claims are incorrect.

The following is a statement issued by the president of the Amusement Gaming Association.

"The information presented as facts by Minister of Finance Colm Imbert in the winding up of the National Budget on Thursday 12th October 2017 is simply wrong and incorrect.

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