AGP Executive Report
Last update: 9 hours agoRefinery Revival: Cabinet could consider proposals to reopen the former Petrotrin refinery within days. Energy Minister Roodal Moonilal says an investor and operator are being sought, with a request for proposals expected by year-end; operations could resume within three to six months once financing is secured. Corporate Finance: TSTT raised about US$481 million through a dual-currency refinancing, replacing debt due in 2029 with notes maturing in 2036. Financial Stability: The Central Bank warns household debt is among the risks facing the financial system. Government debt reached $147.6 billion, or 84.4% of GDP, at the end of 2025. Manufacturing: The TTMA is seeking a 25% excise-tax reduction for tobacco makers, warning that illicit sales are eroding local market share. The association also flagged customs, port and regulatory delays as barriers to competitiveness. Tobago Tourism: Caribbean Airlines carried nearly 15,000 passengers on the domestic airbridge during Tobago Carnival, adding 8,000 seats to meet demand. Local businesses also reported profits after the festival. Trade Links: Ghana is proposing to expand the AfCFTA framework to Caribbean countries to deepen trade and investment.
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