Trinidad News, Tobago News

Welcome to Breaking News Trinidad and Tobago
Wednesday, April 26 2017 @ 07:51 AM AST

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Curacao & Sint Maarten Central Bank warns about counterfeit 5 guilder coins

The Curacao & Sint Maarten Central Bank warned last week that counterfeit 5 guilder coins are in circulation and urged anyone finding one to contact the Police.
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Legg Mason restructures US$500 million debt

The Baltimore, Maryland, US-based investment management firm Legg Mason announced the restructuring of its Cayman Islands Stock Exchange-listed US$500 million bonds last week (April 13).

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Eastern Credit Union still on top in Trinidad & Tobago

From CariCRIS this week:

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RBC: Cayman Islands economy grew by an estimated 3% in 2016

From the RBC Caribbean Economic Report April 2017:

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Reserves expand despite declining tourist arrivals for three Caribbean territories



From the RBC Caribbean Economic Report April 2017:

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Though strong in T&T, Suriname parent issues have Gulf Insurance downgraded

Though strong in T&T, Suriname parent issues have Gulf Insurance downgraded

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Trinidad & Tobago descends to 51st among world's oil producers

Trinidad & Tobago has descended to 51st position among the world's oil producers, according to the US Energy Information Administration data released Wednesday (April 5, 2017).

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The Bahamas economy to expand mildly in 2017

"The domestic economy is expected to expand mildly in 2017, as activity in the construction sector is poised to remain buoyant over the near-term, supported by several varied-sscale foreign investment and hurricane rebuilding projects," the Central Bank of The Bahamas said in its February Monthly Economic and Financial Developments (MEFD) newsletter.
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Local governments' taxes on property rising since 1990

Between Central Government and the local government corporations, Trinidad and Tobago taxpayers are already paying $703 million in 'taxes on property', four international agencies found in a study released yesterday (March 27). To this, Government hopes to add $500 million in property tax this fiscal year, according to Estimates of Revenue 2017 on the Finance Ministry's website.

Of the $703 million, Central Government collects about $3 million while local government corporations collect about $700 million, the study showed. The take by local governments has been going up while Central Government's has been going down over the years, according to the study. Central Government collected $64 million in 2000, $63 million in 2005, $22 million in 2010 and $3 million in 2015. Local governments collected $108 million in 1990, $213 million in 2000, $326 million in 2005, $411 million in 2010 and $700 million in 2015.

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Property tax to squeeze the poor, middle class the most

Property tax to squeeze the poor, middle class the most
Landlords can raise rents unfettered