AGP Executive Report
Last update: 3 hours agoBudget & Business: Economists are questioning the 2027 Budget’s projections and warning that tax measures could weigh on investment. It forecasts a $3.639 billion deficit, but businesses say delivery and policy clarity will determine whether promised growth materialises. Foreign Exchange: Economist Dave Seerattan warns that new gas projects alone will not end the forex shortage; he urges investment in industries that earn foreign currency. State Assets: Government plans to seek proposals to sell Hilton Trinidad, Magdalena Grand and National Quarries, while LABIDCO remains under consideration. Workers fear for their jobs, and La Brea residents have raised concerns about the industrial estate’s strategic role. Tourism: Tobago Carnival is budgeted at $12 million, with 60,000 visitors expected; festival debt has fallen from more than $29 million to under $5 million. A proposed Marriott resort adds to the island’s tourism investment pipeline. Regional Trade: CARICOM teams are assessing whether regional producers can supply paints, cement, glass bottles and bitumen, findings that could shape future tariffs. Financial Sector: Republic Financial Holdings executive Richard Sammy has left the group, weeks before he was due to become its president and CEO.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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