Trinidad News, Tobago News

Welcome to Breaking News Trinidad and Tobago
Tuesday, March 28 2017 @ 12:22 AM AST

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Moody's follows Standard & Poor's to downgrade Barbados

For Moody's full press release, visit:
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Stabroek News: Guyana's tenders board bypassed in GY$605m purchase from Trinidad company

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Where does Massy make most of its money?

Massy makes most of its money in Trinidad and Tobago, Barbados and the rest of the Eastern Caribbean, selling groceries and cars.

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Trinidad's airport runway to close daily between 11 pm and 5 am from March 12-19, 2017

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Tourism drives Aruba's net foreign assets up

In January 2017, money supply registered an increased by Afl. 38.8 million to Afl. 4,205.3 million, compared to December 2016, resulting from an expansion in the net foreign assets (+Afl. 58.7 million) and a contraction in the net domestic assets (-Afl. 19.8 million), the Centrale Bank van Aruba said in a statement yesterday.

"The increase in the net foreign assets of the banking sector resulted from net purchases of foreign exchange to the public (+Afl. 243.9 million), largely related to tourism receipts, which were partly counter-balanced by net sales of foreign exchange to the public (-Afl. 185.3 million), mainly associated with net payments for goods and other services," the Central Bank said.

The drop in the domestic component of the money supply was brought about by a contraction in both domestic credit (-Afl. 13.3 million) and non-credit related balance sheet items (-Afl. 6.5 million). The latter resulted mainly from an increase in allocated loan loss provisions and clearing transactions.

Domestic credit declined, as the results of decreases in net claims of the banking sector on the public sector (-Afl. 8.2 million) and claims on the private sector (-Afl. 5.1 million). The decrease in the net claims on the public sector was mainly due to an increase in government deposits (+Afl. 1 0.6 million). The contraction in claims on the private sector resulted from declines in consumer credit (-Afl. 3.6 million), loans to enterprises (-Afl. 0.8 million) and housing mortgages (-Afl. 0.8 million).

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Royal Caribbean to invest US$150 million more in The Bahamas

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China donates US$5 million in school materials to Barbados

China yesterday donated BB$10 million (US$5 million or 30 million) in teaching equipment to Barbados, the Government of Barbados said yesterday as it thanked China for the donation. The equipment will be allocated to schools and institutions across the island, the Government said.

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Former envoy to Port of Spain now Venezuela's Supreme Court President

What a springboard!

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Standard & Poor's downgrades Sagicor again, saying the company did not split up as it said it would

Sagicor asked to be withdrawn from Standard & Poor's (S&P) rating process.

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How corruption keeps women down especially

Trinidad and Tobgao's tolerance of corruption is one of the highest in the world. An