Articles

Understanding the Role of the OPR

Understanding the Role of the OPR

By Paul Hadden Robby BholaDeputy ChairmanThe Office of Procurement Regulation (OPR) The journey towards effective, efficient, and transparent public procurement procedures in Trinidad and Tobago dates to pre-independence when we began to see a rise in advocacy for proper procurement procedures. Thus began the long journey towards the creation of what is known today as the Office of Procurement Regulation […]

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January 13th, 2024

The Future of Banking in T&T

The Future of Banking in T&T

By Kay Baldeosingh-Arjune  Richard DowniePresidentBankers Association of Trinidad and Tobago (BATT) Trinidad and Tobago’s (T&T’s) banking and financial sector is ensuring it remains strong, stable and relevant by responding to changing customer needs and technology, and new environmental demands. Here, the Bankers’ Association of Trinidad and Tobago (BATT) provides insights into the key trends shaping the future of banking locally. […]

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January 12th, 2024

A Hub of Investment Opportunities

A Hub of Investment Opportunities

INTERVIEW Franka CostelloeChairman, InvesTT Trinidad and Tobago’s manufacturing sector is the largest in the English-speaking Caribbean, and the largest sector of the national economy based on its share of GDP. As Trinidad and Tobago’s Investment Promotion Agency (IPA) aligned to the Ministry of Trade and Industry, InvesTT focuses on key non-energy sectors such as Energy Intensive Manufacturing, Maritime Services, Logistics […]

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February 23rd, 2023

Boost Exports and Forex

Boost Exports and Forex

INTERVIEW Navin DookeranChief Executive Officer, Export-Import Bank of Trinidad & Tobago Ltd. (EXIMBANK) In 2023, EXIMBANK CEO Navin Dookeran wants to see exporters exporting more… and importers becoming exporters. That is the economic vaccine the country needs, he told ‘Who’s Who’. The foreign exchange supply issue, while slightly improved from 2020, has not been resolved. For Dookeran, the solution is […]

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February 23rd, 2023

Banking Sector Well-Capitalised, Profitable and Resilient

Banking Sector Well-Capitalised, Profitable and Resilient

INTERVIEW Dr Alvin HilaireGovernor, Central Bank of Trinidad and Tobago From a Central Bank perspective, could you give a brief overview of the sector in 2021 and to date, highlighting any challenges and key developments as we move forward? Trinidad and Tobago’s financial sector continued to demonstrate health and resilience in 2021, despite the challenges associated with the pandemic. Credit, […]

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February 9th, 2023

Helping SMEs Succeed

Helping SMEs Succeed

INTERVIEW Ian De SouzaPrincipal Adviser, Advice Financial Company Ltd. Veteran career banker, financial consultant and former Chamber CEO Ian De Souza has a rich perspective to share on the challenges and achievements the financial sector faced in 2021, the path forward in 2023, and the support needed by SMEs which would redound to the continued growth of the overall financial […]

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February 7th, 2023

First Citizens Launches Additional Public Offering (APO)

First Citizens Launches Additional Public Offering (APO)

First Citizens advises that on June 28, 2022 it launched an Additional Public Offering (APO) of shares at an offer price of TT$50.00 per share. This follows an announcement by the Government of the Republic of Trinidad and Tobago (“the Government”) during its fiscal presentation in October 2021, at which the Government signaled its intention to sell additional shares held […]

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July 28th, 2022

Government Committed to Improving the Ease of Doing Business

Government Committed to Improving the Ease of Doing Business

Improving the ease of doing business has always been a priority of the current Government of Trinidad and Tobago from day one and as such, Ministries and Agencies are aggressively implementing a package of transformative reforms.In the Ministry of Trade and Industry, these reforms are aimed at reducing the time, cost and procedures involved in the major trade and business […]

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February 23rd, 2022

Economic Outlook Forum 2022

Economic Outlook Forum 2022

PRESIDENT’S WELCOME REMARKS “Creating Confidence, Generating Growth” Welcome to AMCHAM T&T’s first major event of the year – our Economic Outlook Forum for 2022. Our theme this year is creating confidence, generating growth. To achieve these, we must have two things – a clear sense of direction and we must believe that we are indeed heading there. We hope to […]

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January 26th, 2022

Challenging Times Ahead in this Uncertain Environment

Challenging Times Ahead in this Uncertain Environment

As a result of the COVID-19 pandemic, full-year sales for 2020 were 10.122 units, a 31% decrease when compared to 2019. INTERVIEW – BANKERS ASSOCIATION OF TRINIDAD AND TOBAGO (BATT) The Bankers Association of Trinidad & Tobago (BATT) sees a resilient banking sector continuing to meet and overcome the challenges posed by the COVID-19 health crisis while advancing digital transformation […]

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December 1st, 2021

FINTECHTT

FINTECHTT

“…e-money solutions are integral to taking Trinidad and Tobago one step closer to a cashless society” INTERVIEW – FINTECH ASSOCIATION OF TRINIDAD AND TOBAGO (FINTECHTT) In 2020/2021, what is new in the local banking sector with regard to the rollout of e-money solutions? As part of the National Financial Technology (FinTech) Road Map, e-money solutions are integral to taking Trinidad […]

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November 24th, 2021

Ministry of Trade and Industry

Ministry of Trade and Industry

Moving towards recovery and growth through transformative initiatives and programmes that will engender confidence in our people. Trinidad and Tobago’s recovery is imminent. The past year and a half have been particularly challenging for us all, however, it has also been an opportunity globally for governments and businesses alike to reflect and reformulate their efforts for creating more resilient and […]

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September 29th, 2021

First Citizens Celebrates 5th Cohort of UWI Interns

First Citizens Celebrates 5th Cohort of UWI Interns

All Interns receiving their Certificates with Professor Sterling Frost – Deputy CEO, Operations and Administration, First Citizens and Dr. Acolla Lewis-Cameron – Dean, Faculty of Social Sciences, UWI A hybrid Closing Ceremony on Friday 6th August, 2021 marked the final day of the First Citizens 2021 Internship Programme. Despite the pandemic and for yet another year, the Group in partnership […]

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August 25th, 2021

8 Questions to Ask Before Investing In A Friend’s Business

8 Questions to Ask Before Investing In A Friend’s Business

Firstly, congratulations on having an enterprising friend! We should all encourage and support entrepreneurial endeavours; this is how we’ll truly grow as a nation. That said, you don’t want to lose a friend because of money. Worse yet if you lose both your friend and your money. Painful. To avoid that worst case scenario, we’ve listed some questions you should […]

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August 16th, 2021

How Movies Could Be Halting Your Progress In Amassing Wealth

How Movies Could Be Halting Your Progress In Amassing Wealth

Who is the most common bad guy in movies? If you answered gangsters – you’re wrong. The most common bad guy and mastermind behind the killing and subjugation of all peoples in movies are wealthy businesspeople. You know the scene. The hero looks up at an imperiously tall office building and then makes their way to the topmost floor to confront the […]

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August 9th, 2021

Covid-19….A Curse or Cure?

Covid-19….A Curse or Cure?

Into the second month of 2021, it was clear that for the foreseeable future Covid-19 was referred to as the virus that remains to be understood. That said, it has been well documented and discussed, the deleterious impact the coronavirus has had on global economies. In January, the US recorded a mere 1% GDP growth for Q4 2020, attributable to […]

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By: Kriss Marcus, General Manager of Aspire Fund Management Company Limited (T&T)  |  May 6th, 2021

The Lesson I Wish I Learnt Earlier: The Savings Block

The Lesson I Wish I Learnt Earlier: The Savings Block

Doesn’t everyone want financial freedom? Ohh … to have financial peace of mind after retirement.  Isn’t that why we work hard and save hard? Financial freedom is available to everyone!  Believe that!  And while the path to financial freedom is different for everyone, there are a few consistent  truths underpinning all paths: Savings alone will not cut it. Creating savings […]

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April 20th, 2021

AMCHAM T&T’s 7th Women’s Leadership Conference 2021

AMCHAM T&T’s 7th Women’s Leadership Conference 2021

REMARKS FROM: Wendy-Fae Thompson, Vice President and Managing Counsel, bpTT and Anya Schnoor Executive Vice President, Caribbean, Central America and Uruguay, International Banking, Scotiabank AMCHAM T&T’s 7th Women’s Leadership Conference 2021 Remarks by Anya Schnoor – Executive Vice President, Caribbean, Central America and Uruguay, International Banking, Scotiabank  Hello everyone. 2021 is now our 7th year partnering with AMCHAM as the […]

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March 17th, 2021

5 Powerful Lies that Keep You Trapped in a Cycle of Middle-Class Poverty

5 Powerful Lies that Keep You Trapped in a Cycle of Middle-Class Poverty

“Middle-class poverty” is the state of earning a decent to great salary but living entirely on this income. You live in March with the salary from February; you live in April with the salary from March; and if you don’t receive your salary for April, you’re not sure how you well you’ll be able to live in May. If you’re […]

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May 7th, 2020

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