AGP Executive Report
Last update: 3 hours agoEconomic Outlook: The IMF says Caribbean growth remains resilient, but high public debt and subdued medium-term prospects limit room for governments to respond to shocks. Trinidad and Tobago’s 2027 growth forecast is 2.2%. Financial Sector: Richard Sammy has left Republic Financial Holdings after 18 years, months before he was due to become CEO. Karen Yip Chuck is the incoming chief executive, subject to regulatory approval. Industry: Scrap-metal operations have shut again after a temporary extension expired. Dealers warn of job losses, while the Prime Minister says criminal activity has undermined the sector. State Assets: Government plans to divest Hilton Trinidad, Magdalena Grand, National Quarries and LABIDCO, prompting calls for clarity on the case for selling. Tax: From March 2027, VAT is planned on foreign digital services, with the budget projecting TT$18 million in revenue. Tax specialists say the measure’s impact will depend on how it is drafted and applied.
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