AGP Executive Report
Last update: 3 hours agoBudget Debate: Colm Imbert warned that T&T could face a deeper economic crash, disputing the Government’s projections and saying the budget lacks business incentives. Economist Vaalmikki Arjoon said targeted revenue measures could avoid the damage of broad tax hikes, but depend on effective collection and spending oversight. State Assets: The Government plans to sell Hilton Trinidad, Magdalena Grand, National Quarries and LABIDCO, arguing private investment can improve struggling businesses; critics warn about the impact on jobs and public assets. Tourism: An industry stakeholder says the sector’s $19 million allocation leaves only about $4 million for development, marketing and training—too little to drive diversification. Public Spending: A procurement regulator found serious flaws in a $3.48 billion HDC housing project, including concerns over contractor financing and supplier solvency. Regional Trade: ECLAC projects Guyana’s goods trade value will rise 15% this year and expects improved terms of trade for both Guyana and T&T, largely on higher hydrocarbon and commodity prices. Payments: Powertranz and Mastercard are rolling out pay-at-the-table contactless and QR payment options for restaurants in T&T and Barbados.
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