Trinidad News, Tobago News

Welcome to Breaking News Trinidad and Tobago
Wednesday, April 26 2017 @ 07:55 AM AST

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Guess who had Latin America & the Caribbean's worst primary balance last year

Thanks to all the borrowing.

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Trinidad & Tobago's financial sector is the 5th largest relative to GDP in the region



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The Bahamas relaxes exchange controls to allow local companies to borrow US$

The following is the full statement from the Government of The Bahamas.

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Full list of Cayman Islands candidates for election 2017

At the close of Nomination Day 63 candidates were nominated to contest 19 seats on 24 May. They are:

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Curaçao and Sint Maarten raise lending rate

On March 15, 2017 the Federal Reserve raised the federal funds lending rate band to 0.75% - 1.00%, the Central Bank of Curacao and Sint Maarten said in a statement yesterday.

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Dominican Republic economy grew 6.6% in 2016, 5% expected in 2017



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UWI lecturers: Govt actions, words on the economy wrong

More senior economists' and university lecturers' have come out to say Government's actions and words on the economy are wrong, in their reactions to the March 2017 Economic Bulletin from the Central Bank of Trinidad and Tobago (CBTT).

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Barbadians saving less, banks catering for more bad loans

From the Central Bank of Barbados Financial Stability Report 2016 released March 16, 2017

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Cayman Islands' VBT Holdings to declare US$12.50 per share dividend

VBT Holdings, the owner of the Cayman Islands-based VBT Bank & Trust, convened a meeting of its board of directors today to decide on a US$12.50 per share dividend payable to shareholders registered as at March 28, 2017.

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Grenada now one of Caribbean's fastest growing economies

Grenada is now one of the Caribbean's fastest growing economies, according to the International Monetary Fund (IMF) statement at the end of a staff visit yesterday (March 22).

IMF Mission Chief Nicole Laframboise said: "Real gross domestic product (GDP) is estimated to have expanded by 3.9 per cent in 2016, implying annual real GDP growth of 5.8 per cent on average from 2014-2016. Activity in 2016 was driven by tourism, construction, and some pick up in domestic demand, while agriculture experienced weather-related contraction. Growth is expected to moderate to 2.5 per cent in 2017, near its estimated potential. Average consumer price index (CPI) inflation rose to 1.7 per cent in 2016 and is forecast at 2.6 per cent in 2017 as oil and food prices start to rise. With steady tourism momentum, the external position remains stable."

She said the Grenada Government spends within its means. She said" "The Government achieved a primary surplus (fiscal balance excluding interest payments) in 2016 of 5.3 per cent of GDP. Expenditures were kept under firm control, and tax revenues performed well across all categories, driven by improvements in compliance and administration as well as robust activity."