标签： Trinidad and Tobago

Prominent business executive Gary Aboud, CEO of MODE ALIVE, has issued a compelling appeal to the Trinidad and Tobago government, urging comprehensive consultation with private sector stakeholders before implementing proposed workplace reforms. In a January 19 statement, Aboud emphasized that significant labor legislation must be developed through collaborative, evidence-based approaches rather than unilateral implementation.

The proposed reforms, announced by the Prime Minister, encompass substantial changes including paid breastfeeding breaks, enhanced discrimination protections, pregnancy testing prohibitions, guaranteed job reinstatement following parental leave, shifted legal burden of proof onto employers, expanded protections for contract workers, accelerated Industrial Court proceedings, and unlimited maternity benefits. While acknowledging the positive intent behind these measures, Aboud cautioned that without meticulous design and stakeholder input, they risk producing counterproductive outcomes.

Aboud questioned the underlying rationale for what he characterized as a ‘sudden knee-jerk reaction,’ probing whether population decline might be driving the proposals. He identified potential root causes including prohibitive living costs, persistent inflation, rising taxation, limited childcare availability, and overstretched healthcare infrastructure providing maternal and infant care services.

‘The fundamental concern is whether imposing additional obligations on employers without addressing these systemic challenges merely redistributes burden rather than solving core problems,’ Aboud stated. He highlighted the critical distinction between public sector operations, where salaries and benefits derive from public funds, and private enterprises that must generate revenue and manage risk within a competitive economic landscape.

The executive expressed particular concern about the cumulative impact on small and medium-sized businesses, questioning their capacity to absorb the combined financial implications of these measures. He warned that well-intentioned policies might inadvertently discourage the hiring of women of childbearing age due to economic survival considerations rather than discriminatory intent.

Aboud criticized the apparent absence of meaningful consultation with business communities, chambers of commerce, and small enterprise owners who possess crucial operational data and practical insights. He emphasized the particular irony of imposing additional regulatory burdens during economic uncertainty when private sector growth is essential for job creation and treasury sustainability.

Citing MODE ALIVE’s voluntary implementation of extensive benefits including paid paternity leave, extended maternity leave, paid breastfeeding breaks, baby product subsidies, and feminine hygiene support, Aboud demonstrated the company’s commitment to workforce welfare. He clarified these initiatives were adopted voluntarily based on organizational values rather than regulatory compulsion.

The business leader concluded by advocating for balanced policymaking that harmonizes social progress with economic realism, insisting that legislation of this magnitude must be developed through partnership with those responsible for implementation and funding.

In a significant development for Trinidad and Tobago’s energy sector, the National Gas Company (NGC) has finalized a major natural gas supply arrangement with upstream producer EOG Resources Trinidad Ltd. The agreement, announced on January 16, represents a strategic move to ensure sustained and reliable gas delivery to the domestic energy market.

NGC Chairman Gerald Ramdeen characterized the agreement as a milestone achievement that demonstrates the company’s determined efforts to collaborate with upstream partners in securing commercially viable natural gas supplies. This development follows closely on NGC’s recent acquisition of the Trinidad Region Onshore Compressor (TROC) asset, collectively forming part of a comprehensive strategy to stabilize gas availability and restore profitability to the company’s core operations.

The successfully negotiated arrangement concludes what both parties describe as mutually beneficial terms. However, the announcement contained pointed criticism of previous energy policies, noting that the current administration has adopted a fundamentally different approach to gas allocation compared to the former government.

Specifically, the release cited the bpTT Cypre project as an example of previous failed policy—a project delivering 250 million standard cubic feet of gas daily at peak capacity without guaranteeing any portion for domestic market needs. The new policy ethos embraced by both NGC and the Ministry of Energy and Energy Industries mandates that future natural gas exploration must include proportional allocations for domestic consumption.

The additional gas supply will enable NGC to meet its contractual commitments to Atlantic LNG while simultaneously increasing availability for downstream customers. Negotiations were spearheaded by acting NGC president Edmund Subryan, supported by specialized legal and commercial teams, who continue to advance additional gas supply stabilization initiatives with board-level and ministerial support.

The Trinidadian government has reached a landmark settlement to terminate a high-stakes Privy Council appeal concerning the controversial 2009 sale of CL Financial assets, a case described as posing a “serious threat to the country’s economic well-being.”

The Office of the Attorney General announced on January 19 that the state, as majority shareholder and largest creditor of collapsed conglomerate CL Financial Ltd (CLF), has opted to discontinue the appeal process involving Proman Holdings Barbados Ltd. The decision follows extensive consultation with King’s Counsel in London regarding litigation risks and prospects before the nation’s highest appellate court.

The dispute originated from a February 2009 purchase agreement where CLF, under then-chairman Lawrence Duprey, attempted to transfer a 51% stake in Clico Energy Company Ltd (now Process Energy Trinidad Ltd) to Proman for US$46.5 million. The transaction was subsequently invalidated by High Court Justice Devindra Rampersad in September 2021, who ruled the company had been “grossly undervalued.” This decision was later upheld by the Court of Appeal, which further characterized the transaction as fraudulent.

Under the settlement, CLF—with court approval and agreement from its liquidator—will formally transfer the disputed shares to Proman Holdings Barbados Ltd. This compromise allows the government to recover significant funds while avoiding substantial financial and legal risks associated with continuing the litigation. The disputed judgment was valued at over TT$2 billion, encompassing both the original purchase price and dividends collected since 2009.

Attorney General John Jeremie stated the settlement “balanced the national interest, the prospects of success and the need to protect public finances,” bringing finality to one of the most significant disputes arising from CLF’s collapse. The government has spent an estimated TT$28 billion rescuing CLF and its subsidiaries, with an additional TT$3-4 billion incurred in related legal and administrative expenses.

In related developments, the Central Bank has sought an adjournment in its long-running lawsuit against former CLF directors, including Duprey (who died in August 2024), to review the newly published Coleman Commission report. Simultaneously, activist Kendal Dolly has filed Freedom of Information requests seeking transparency regarding the substantial legal fees incurred by the state throughout the protracted CLF litigation matters.