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Thursday, March 30 2017 @ 12:42 AM AST

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Trinidad & Tobago Gov't cancels out $370m savings to fund 'manifesto pledge'

The Government of Trinidad & Tobago cancelled out $370 million savings from reduced gas subsidy expenditure, thanks to lower oil prices, by spending the exact amount on a 'manifesto pledge' to raise pension ceilings last fiscal year, Finance Minister Colm Imbert confirmed in Parliament in Port of Spain today.

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Trump Era Begins: USA's Q4 GDP to show loss of momentum

STIFEL Economic Commentary

January 23, 2017:

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Grenada calls on population to help stop increase in Gastroenteritis "Gastro" cases

From the Grenada Government:

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Central Bank of Aruba holds interest rates steady at 1%

* International reserves went up 20%

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St Kitts & Nevis car sales up - sign of economic growth, Govt says

The large number of vehicles sold on Reduced VAT Rate Day, on December 16, 2016, stands as a testament to the economic growth of the federation, says Prime Minister Dr. the Honourable Timothy Harris, speaking at today’s Sitting of Parliament.

The prime minister said that December 2016’s Reduced VAT Rate Day was the best ever. This was compared to two Discounted VAT Rate Days in 2014 where155 vehicles were sold – 122 on St. Kitts and 33 on Nevis. In 2016, 247 vehicles were sold – 202 on St. Kitts and 45 on Nevis.

“Something good must be happening when more persons can afford to buy their own means of vehicular transport,” he said. “Something good is happening in the economy when in the space of 2 years from 2014 to 2016 nearly 100 more vehicles are sold on Discounted VAT Rate Day or there is a whopping and highly significant 60 percent increase in reported car sales. Not over two days; in one day. In one day we outmatched and outperformed every other period under which the VAT reduction rate had applied.”