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- 23 December, 2024
DOUBLES PRICES GETTING HOT
DOUBLES, the poor man’s meal, is now selling at $7 each by some vendors, who are blaming increased prices of cooking oil.
This is one of the most noticeable price hikes, along with that of Kiss bread.
The Central Bank has confirmed increases in the prices of various foodstuff over the past few months, and there is the anticipation of further hikes as a result of international supply chain issues.
NO TEARS AS ISHMAEL GOES OUT OF BUSINESS
POLITICAL activist Inshan Ishmael is closing down his 20-year auto business – but many people are not distressed.
In fact, some supporters of Opposition Leader Kamla Persad-Bissessar are insisting that Ishmael is getting his comeuppance.
LIGHT BILLS GETTING HEAVIER NEXT YEAR
START budgeting to pay more for your electricity service from next year.
The slow-moving review by the Regulated Industries Commission (RIC) of the rates and tariffs of Trinidad and Tobago Electricity Commission (TTEC) would be completed in 2022.
That would lead to heavier light bills for all consumers.
BREAD PRICE HIKE BLAMED ON PROPERTY TAX
THE increase in the price of bread – the poor man’s food – is a sign of things to come, say the experts.
Vasant Bharath, former Minister of Trade and Industry, is blaming the price increase announced by Kiss Bakery on the Property Tax.
$1.2 B ROAD LOAN BUT POTHOLES GALORE
THE Government received a loan of $1.2 billion in March 2019 to repair public roads.
Yet the country’s roads are in the worst condition in a generation.
MORE T&T JOB LOSSES, AS OIL SERVICING FIRMS HEAD TO GUYANA
MORE unemployment is taking place in Trinidad and Tobago, especially in and around San Fernando, as energy servicing companies move to Guyana.
Long-entrenched companies like Schlumberger, Halliburton, Haztec, and Baker have joined the beeline to the new oil-rich Caricom territory.
THE EXXON EXODUS
THE ExxonMobil movement from Trinidad and Tobago to Guyana was inevitable, oil experts say.
ExxonMobil, an American multinational, has spent US $388 million and employed more than 800 companies since 2015 in extensive oil exploration in Guyana.
BRACE FOR CEMENT PRICE GOUGING
ROCK Hard Cement has been squeezed out of business at a time when the Government is pledging to assist the private sector.
This leaves Trinidad and Tobago’s consumers open to blatant cement price gouging by retailers, and higher profits by a monopoly operator owned by local and foreign interests.
CREDIT CARDS GIVE SCOTIABANK BIG PROFIT
N the midst of the crippling economic effects of Covid-19, Scotiabank Trinidad and Tobago is the latest financial institution to report increased profit.
The profit was achieved in spite of a six per cent decline in loans.
In fact, Scotiabank said its 26 per cent hike in after-tax profit was partly a result of increased credit card income.
16 FAILED IMBERT 2021 BUDGET PROMISES
WITH the 2021-2022 national budget due within the next few days, it is timely to review failed promises of Finance Minister Colm Imbert from the current fiscal year.
Here is a sample of 16 budget promises that were not delivered:
