AGP Executive Report
Last update: 2 hours agoBudget and Diversification: Trinidad and Tobago’s TT$63.368 billion 2027 budget puts manufacturing, exports and economic diversification in focus, but economists say the country cannot rely on gas alone to ease foreign-exchange shortages. Manufacturers are also pressing for timely VAT refunds, while proposed taxes on foreign digital services and high electricity use raise questions about costs and investment. State Assets: The Government plans to seek private investors for Hilton Trinidad, Magdalena Grand, National Quarries and LABIDCO, arguing divestment can improve performance. Workers at the hotels want clarity on jobs and conditions; critics say any sale must be transparent and protect long-term value. Tobago Tourism: Construction has begun on a privately financed, TT$540 million Marriott resort at Rocky Point, expected to open in 2029 and create more than 500 jobs. The new ANR Robinson Airport terminal has also opened, adding capacity as Tobago seeks to grow visitor spending. Energy: The Government says a phased restart of the Petrotrin refinery will advance this fiscal year, while ExxonMobil has secured deepwater exploration rights near Guyana’s prolific fields.
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