Trinidad News, Tobago News

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

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Cayman Islands economic growth to accelerate

New York-based Moody's Investors Service forecast that the Cayman Islands' "economic growth will average 2.6% annually from 2016 to 2018, compared to the 1.8% annual average the economy grew from 2011 to 2015," in a release Friday.

* Moody's said the growth will be driven by several tourism-related projects.

* Tourism and financial services drive the Caymanian economy

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China to lend Jamaica US$326 million for new highway

From Beijing, China, Jamaica's Ministry of Finance and Public Services issued the following statement dated February 16, 2017:

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Cayman Premier: Brexit impact on Cayman will be minimal

The Cayman islands are not very dependent on European Union funding like Montserrat and other U.K. overseas territories.

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Trinidad & Tobago Govt to table bill in Parliament to borrow U.S. dollars

The Government of Trinidad & Tobago will seek its Parliament's approval to borrow from the Caracas-based Development Bank of Latin America (CAF) or Corporacion Andina de Fomento, T&T Attorney General Faris Al Rawi announced today at a post-Cabinet media briefing. The announcement comes two days after the results of a local bond auction showed a weakening desire by local investors to lend their Government money.

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53% of Trinidadians & Tobagonians would like public services delivered online


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Trinidad & Tobago is the 4th best place in the world to be corrupt

Excerpts from the Inter-American Development Bank study 'Are Oil and Gas Smothering the Private Sector in Trinidad and Tobago?':

The indicators show that Trinidad and Tobago, when compared to ROSE-C, ranks relatively well in all the components except for the rule of law, control of corruption, and political stability (Figure 9.8).

However, it is important to point out that Trinidad and Tobago’s indicators showed a steady deterioration between 2005 and 2013 in the areas of corruption and the rule of law.

Trinidad and Tobago also ranks lower than all its comparators except Guyana and Suriname in Figure 9.9.

A State Capture Index suggests that Trinidad and Tobago is at the higher end of the spectrum (figure 9.10).

State capture is defined as the efforts of firms to shape the laws, policies, and regulations of the state to their own advantage by providing illicit private gains to public officials.
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Trinidad & Tobago to eliminate one cent piece, so how will that work?

From the ongoing Know Your Money series by the Central Bank of Trinidad and Tobago:

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Nothing done to collect $796m from Niko

At a time when Government is borrowing to pay for its recurrent expenditure, Canadian oil and gas explorer Niko Resources Ltd said in a February 14 statement Trinidad and Tobago made no move to collect US$118 million owed to it for unfulfilled commitments and production sharing contract (PSC) obligations.

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Three charged in St Lucia with money laundering

A Venezuelan and a Saint Lucian were arrested and charged with money laundering by Police, St Lucia's Financial Intelligence Authority (FIA) said in a statement today.

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IMF expert dies while on assignment in Jamaica

Sad News! Matthew Smith