economy

Business community committed to helping end crime crisis

The Chief Executive of the Trinidad and Tobago Chamber of Industry and Commerce says the country needs all hands on deck to deal with the crime crisis.

Gabriel Faria says almost every citizen believes there is a crisis and that something must be done to take back T&T from the hands of criminals.

According to Mr Faria, Team Trinidad and Tobago needs all her players focussing on ending the crime scourge.

“Unless we all have a congruence of goals, we cannot fight the criminal elements in Trinidad and Tobago,” he says.

Chambers & Business Leaders set to collaborate with Tourism Trinidad

Tourism Trinidad Limited recently marked the beginning of a ground-breaking collaboration with Trinidad’s business leaders, with the hosting of a Business Engagement Session with over fifteen (15) business chambers.

The meeting took place on Tuesday January 14 2020, at the Conference Room Level 18, Tower D International Waterfront Centre, Port of Spain.

Opposition Leader shares economic vision in New Year’s message

The opposition United National Congress (UNC) is hoping to win the hearts and minds of the electorate in 2020, with a plan it says will generate as many as 50,000 jobs.

In her New Year’s Address to the Nation, UNC Political Leader, Kamla Persad-Bissessar, points to her party's National Economic Transformation Masterplan, which proposes 12 Key Strategic Prosperity Engines.

Annisette: Labour wants genuine engagement with Government

General Secretary of the National Trade Union Centre (NATUC), Michael Anisette, believes Government’s efforts to decriminalise marijuana should have been put behind the labour movement.

Speaking on CNC3's The Morning Brew, today, Anisette said the working class does not see such haste and commitment when it comes to their issues.

“Where is the haste to implement that kind of legislation that will protect the working class?” he asks.  “But within weeks we have legislation passed for marijuana.”

Economist: Diversification absolutely imperative in next decade

Economist Dr Indera Sagewan says diversifying the Trinidad and Tobago economy beyond oil and gas, has become an absolute imperative in the next decade.

As she looked ahead to 2020 and beyond, Dr Sagewan warns that an over-reliance on any one particular sector can no longer continue.

She notes that the political administrations which governed over the past decade did make a start at diversification, but those efforts have not borne fruit, nor did they get the kind of support they needed.

CRBC businesses concerned over sales dip

This isn't the season to be jolly for retailers, as business chambers across the country are reporting a dip in sales this Christmas season.

The Confederation of Regional Business Chambers (CRBC) believes there are many factors which may have contributed to this decline.

CRBC Coordinator, Jai Leladharsingh, says this Christmas season has recorded a less than satisfactory level of sales.

In South Trinidad, Leladharsingh says sales have dropped significantly. He believes there are a number of factors which may have contributed to this...

Employers can create policies for drug-free workplaces

One human resources expert believes companies can be guided by other policies on substance use in the workplace, in order to deal with the new changes to marijuana use law in this country.

But Stacy Homer tells us there are certain challenging areas, with which even the international experts are still grappling.

The human resources expert says there is nothing in the law which prevents an employer from creating and implementing a policy to ensure a drug free environment, just as they’ve been able to do, to ensure a smoke free and alcohol free workplace.

Central Bank extended hours for $100 notes exchange

The Central Bank says it will be open to the public again this weekend—from 9:00 a.m. to 3:00 p.m.—on Saturday 28 and Sunday 29 December, to facilitate the transfer of cotton based $100 bills for the new polymer notes.

In an official statement, the Bank reminds the public it will be closed on Christmas Day and Boxing Day… but will be open again on Friday 27 December, between 8:00 a.m. and 3:00 p.m.

Scotiabank and Visa team up on regional digital payments project

Scotiabank and Visa have announced the signing of a seven-year agreement to support the development of innovative payment solutions and enhancing the customer experience for Visa cardholders in Central America and the Caribbean.

According to an official statement, the relationship will leverage Visa’s technology solutions and know-how to support Scotiabank’s digital transformation across different markets in Central America and the Caribbean.

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