The Chamber of Industry and Commerce says it is unfortunate that much national attention is being focused on a comment made from the floor at its post-Budget forum on Tuesday, rather than on the substance of what was shared at that forum.
The Chamber has issued a statement urging all citizens to work together against the challenges the country currently faces.
The following is the statement by the Chamber:
NH International, a construction company owned by former chairman of the Telecommunications Services of Trinidad and Tobago (TSTT), Emile Elias, has won in court against a company owned by Finance Minister Colm Imbert, in a legal matter arising from the construction of the Grenada National Stadium.
The Appeal Court has dismissed an application by National Stadium (Grenada) Corporation for a stay of execution of a judgement handed down in 2011 by Justice Peter Rajkumar in 2011 in favour of NH International.
The Trinidad and Tobago Manufacturing Association (TTMA) says it is pleased with some measures of the budget but is expressing concern about the attempt to harmonise Corporation Tax at a rate of 30%.
The TTMA says this could have some impact on the development of small and medium businesses.
The TTMA issued the following statement after the budget: