AGP Executive Report
Last update: 3 hours agoForex crunch at TIC: Manufacturers and SMEs at the 2026 Trade and Investment Convention say confidence is being tested by persistent foreign exchange shortages, high operating costs and security concerns, even as the event drew 411 exhibitors. Point Lisas push: Cabinet approval clears the way for talks on a US$2 billion Point Lisas investment, but the Steelworkers Union says it was left in the dark on the restart MOU process. Data centres & AI deals: T&T signed MOUs with US firms Ernst & Young and Hummingbird AI for 300MW data centres and AI infrastructure, while critics warn about energy use and environmental impact; utilities minister says Debe plans include ponds and possible desalination. Energy-environment warning: A new report says T&T’s coral reefs sit entirely within oil-and-gas zones, raising stakes for offshore expansion. Corporate financing: PriceSmart Trinidad increased US$20.84m in borrowings to secure US-dollar liquidity amid FX constraints. Governance & business risk: TTPS obtained a preliminary unexplained wealth order against PNM trustees over Balisièr House funding, while separate reports highlight missing strategic services intercept reports and ongoing preventive detention orders. Markets: JSE posted an 11% first-half gain, with the split widening between main and junior boards.
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