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Finance

WHERE IS US $20 M WORLD BANK COVID GRANT?

WHERE is the US $20 million granted to Trinidad and Tobago by the World Bank to fight Covid-19?

Why didn’t Finance Minister Colm Imbert account for this funding in his recent Budget presentation?

These questions are being posed by knowledgeable financial experts, who say that Imbert must report on the use to which the grant was put.

Economy Finance

$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.

Economy Finance

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.

Finance Labour

WHERE IS WATSON DUKE?

THE usually voluble Watson Duke is uncharacteristically quiet while there are two major current issues in which he would typically express himself.

The Government’s move to increase the number of electoral seats in the Tobago House of Assembly (THA) directly affects Duke as Minority Leader of the assembly and as head of Progressive Democratic Patriots (PDP).

Finance

POLYMER CURRENCY COULD BE FORGED!

BEWARE counterfeit polymer currency!

In spite of the assurance of Stuart Young as Minister of National Security in December 2019, there are reports of fake polymer currency notes being tendered in Trinidad and Tobago.