economy

Driver: Gas shortfall could affect growth

The fate of T&T’s con­tin­ued eco­nom­ic growth could be par­tial­ly hinged on the suc­cess of BPTT and At­lantic find­ing a so­lu­tion to the short­fall in gas sup­ply that is pro­ject­ed in 2020/2021, as fail­ure could hurt the coun­try’s rev­enue stream.

Asked about the worst-case sce­nario fol­low­ing BPTT’s re­cent dis­ap­point­ing drilling at two in­fill wells yes­ter­day, En­er­gy Cham­ber CEO Dr Thack­wray Dri­ver told Guardian Me­dia that it could lead to At­lantic’s Train 1 be­ing moth­balled.

Babwah: Increased car sales no indication of robust economy

President of the T&T Automotive Dealers Association Visham Babwah says increased vehicle sales is not an indication of a robust economy but highlights the failures of public transportation.

He was responding to statements from Minister of Finance Colm Imbert that vehicle sales were averaging over 25,000 per year and the to­tal num­ber of ve­hi­cles registered in T&T was well over the one mil­lion mark.

Colm gets a fair rating from stakeholders

Econ­o­mist Dr Ronald Ramkissoon says from a short-term per­spec­tive, Fi­nance Min­is­ter Colm Im­bert did a fair job with the coun­try’s econ­o­my. He, how­ev­er, not­ed that for cit­i­zens to ex­pe­ri­ence the ben­e­fits from any eco­nom­ic growth more needs to be done.

“To the ex­tent that there is growth – it is pos­i­tive and I think we have to recog­nise that. Un­less we come up with the strat­e­gy to grow by up­wards of three, four per cent – some would say five per cent – we not go­ing to make any fun­da­men­tal change to the lives of peo­ple.”

Kamla: Economy dead under PNM

The econ­o­my has gone from be­ing on life sup­port to to­tal­ly dead un­der the Peo­ple’s Na­tion­al Move­ment.

This was how Op­po­si­tion Leader Kam­la Per­sad-Bisses­sar summed up Fi­nance Min­is­ter Colm Im­bert’s pre­sen­ta­tion on the Mid-Year Bud­get Re­view yes­ter­day in Par­lia­ment, adding he did not put for­ward any pol­i­cy or plans in place for the coun­try’s re­al de­vel­op­ment.

Over 1 million cars on T&T's roads - positive economy says Imbert

There are over one million cars on the roads of Trinidad and Tobago and that's increasing by over 2,000 every single month.

This was among the revelations of Finance Minister Colm Imbert, as he sought to show how the economy of Trinidad and Tobago has been progressing.

"Vehicle sales continue to charge along at an average rate of over 25,000 new registrations per year, with the total number of vehicles now well over the one million mark," Minister Imbert said.

The population of Trinidad and Tobago is 1.3 million.

All eyes on Imbert

With­in a mat­ter of hours Fi­nance Min­is­ter Colm Im­bert will take to his feet and present his 2018/2019 mid-year bud­get re­view and it is un­like­ly that there will be any demons or tight­en­ing of belt in the pre­sen­ta­tion.

In fact, based on all that the min­is­ter has said and done re­cent­ly it is fair­ly rea­son­able to ex­pect­ed an ex­pan­sion­ary ap­proach when he de­liv­ers his speech this af­ter­noon.

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