AGP Executive Report
Last update: 3 hours agoBanking Leadership: NCB Merchant Bank (T&T) Limited named Mahalia Alleyne as Acting CEO from August 1, following Marli Creese’s resignation effective July 30, aiming to keep operations steady while the board searches for a permanent chief executive. Energy & Power Reliability: T&TEC has stopped taking electricity from the Brechin Castle solar farm, with the Energy Minister citing earlier planning gaps and noting the issue is under review, including the lack of battery backup. Public Finance Risk: Former finance minister Colm Imbert warned Trinidad and Tobago faces a higher risk of a sovereign credit downgrade, pointing to S&P’s negative outlook and concerns over public finances and external strength. AI & Business Growth: Gregory Fernandez launched Intellico AI Agency Limited, pitching a multi-territory software suite for global operations and aiming to compete internationally. Trade & Investment Outlook: A former foreign affairs minister said the country’s UN Security Council seat may boost exposure but is unlikely to directly translate into more FDI, with investor confidence tied more to credit and enterprise ratings. LNG Exports: T&T’s LNG exports edged up in 2025 to 10.7 bcm, supported by a modest recovery in domestic production and shifting regional demand patterns. Local Enterprise & Skills: A new commercial kitchen and culinary rental facility in Tunapuna is expanding options for chefs and food entrepreneurs, reflecting growing demand for industrial-grade kitchen access. Fraud & Compliance: WiPay rejected claims it mishandled government funds, saying it is only a software provider and that payments go directly into approved bank accounts. Health Workforce: Health Minister Dr Lackram Bodoe said Trinidad and Tobago faces a nurse shortage, with plans to expand training for nursing assistants starting September and January. Security & Crime: A police constable was shot dead in Caroni during an attempted robbery, with investigators reporting his licensed firearm was taken.
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