标签: Trinidad and Tobago

特立尼达和多巴哥

  • Central Bank: Protect foreign reserves, set proper conditions for growth

    Central Bank: Protect foreign reserves, set proper conditions for growth

    In its concluding monetary policy assessment for 2025, released on December 31, the Central Bank of Trinidad and Tobago has issued a cautious economic outlook for 2026. The institution emphasized the critical challenge of maintaining equilibrium between protecting the nation’s foreign reserves and cultivating conditions for sustainable economic expansion.

    The bank identified significant factors that could disrupt this delicate balance, particularly wage adjustments and aggregate demand pressures. Notably referenced was the ten percent salary increase for public servants implemented by the United National Congress following their April 28 general election victory, with partial disbursements commencing in December. These fiscal measures are projected to boost household incomes in coming months, potentially stimulating consumer activity.

    Against this backdrop, the Central Bank highlighted Trinidad and Tobago’s substantial import dependency, making the preservation of international reserves critically important. This warning comes alongside recent downward revisions of TT’s economic outlook by major rating agencies Moody’s and S&P, primarily citing declining foreign reserves.

    While acknowledging a modest stabilization in reserves—climbing from US$4.6 billion in October to US$5.3 billion by mid-December—the bank cautioned that significant challenges persist. International reserve adequacy indicators continue to warrant close monitoring.

    The report noted encouraging developments in the energy sector, with natural gas production witnessing an 11.7 percent year-on-year increase during Q2 2025. This resurgence was fueled by inaugural production from bpTT’s Cypre field and the bpTT/EOG Mento fields. Correspondingly, petrochemical outputs showed mixed results with ammonia and urea production expanding by 23.6 percent and 51.3 percent respectively, while methanol output declined by 12.7 percent.

    However, these energy sector gains were partially offset by continued softening in non-energy sector performance. The distribution, construction, and manufacturing industries demonstrated weaker results, though improvements were observed in finance and utilities.

    Financial conditions remain precisely balanced, with system liquidity constraints easing despite ongoing government borrowing and increased interbank activity. Commercial banks’ excess reserves at the Central Bank averaged $4.4 billion in November, rising to $5.3 billion by mid-December.

    Conversely, private sector credit expansion has moderated, growing at 6.3 percent year-on-year in October compared to 8.6 percent in June. This deceleration was attributed to more restrained business credit growth and slowed consumer lending, particularly in credit cards, automotive, and bridging finance.

    In response to these complex economic crosscurrents, the Monetary Policy Committee has maintained the repo rate at 3.5 percent. The Central Bank affirmed its readiness to implement necessary monetary policy measures to preserve the crucial balance between foreign reserve protection and fostering favorable funding conditions for domestic economic activity.

  • Opposition Leader: Preparation and renewal in 2026

    Opposition Leader: Preparation and renewal in 2026

    In her New Year’s Day address, Opposition Leader Pennelope Beckles articulated the People’s National Movement’s strategic roadmap for 2026, emphasizing organizational preparation and structural renewal as core priorities. The first female political leader in PNM’s history declared the party’s fundamental objective involves rebuilding public trust in governance while ensuring optimal management of national resources for all citizens’ benefit.

    Beckles, who assumed leadership responsibilities in 2025 following the PNM’s electoral defeat, underscored her solemn duty to advocate for Trinidad and Tobago’s populace and maintain governmental accountability. The April 28 general election had resulted in a significant political shift, with the United National Congress securing 26 parliamentary seats against PNM’s 13, alongside two seats captured by the Third Party Platform.

    The Opposition Leader acknowledged profound national challenges throughout the past year, citing escalating living expenses, economic volatility, struggling small enterprises, and persistent criminal activity affecting citizens’ security. These realities, she emphasized, necessitate responsible leadership, clear vision, and reinvigorated dedication to national interests.

    Beckles reaffirmed her commitment to standing alongside citizens in defending their dignity and right to governance that serves rather than exploits. While recognizing the seriousness of existing challenges, she expressed confidence that disciplined leadership and national unity could overcome these obstacles.

    The New Year’s message highlighted the unique global moment where cultures, borders, and beliefs converge in shared anticipation of improved circumstances. Beckles extended greetings to domestic and international citizens, along with Caribbean and global communities, urging purposeful advancement into 2026 with collective dedication to creating a safer, more equitable, and prosperous Trinidad and Tobago.

  • Police urge adherence to traffic laws as road deaths fall

    Police urge adherence to traffic laws as road deaths fall

    Trinidad and Tobago Police Service (TTPS) has launched a renewed road safety initiative coinciding with substantial increases in traffic violation penalties effective January 1, 2026. The enforcement measures come despite celebrating a notable 12% reduction in road fatalities between 2024 and 2025, with deaths decreasing from 124 to 109 annually.

    Under recently amended provisions of the Motor Vehicles and Road Traffic Act’s Ninth Schedule, financial penalties for traffic offenses have escalated dramatically. High-risk violations now carry significantly heftier fines, including $6,000 for exceeding speed limits by more than 31 kilometers per hour and $10,000 for operating vehicles without proper insurance coverage.

    The most severe penalties target impaired driving, with first-time DUI offenses now drawing $24,000 fines and repeat violations reaching $45,000. These amendments represent the government’s strengthened approach to enforcing road traffic regulations and compelling motorists to exercise greater vigilance.

    In their January 1 media release, TTPS emphasized that while the reduction in fatalities marks progress, each preventable death remains unacceptable. The police service urged all road users to embrace shared responsibility for safety, emphasizing that compliant drivers form the foundation of secure roadways. The appeal for immediate adherence to traffic laws includes ensuring vehicles undergo proper inspections and maintain valid insurance certification.

    As Trinidad and Tobago enters the new year, law enforcement authorities emphasize that collective public cooperation remains essential to sustain the positive trend in road safety and further reduce traffic-related deaths nationwide.

  • 40 NCRHA cleaners laid-off

    40 NCRHA cleaners laid-off

    In a sweeping anti-corruption move, the North-Central Regional Health Authority (NCRHA) has severed ties with multiple service providers, resulting in approximately 40 sanitation workers losing their jobs at the start of the new year. The authority’s CEO, Bhadase Seethal Maraj, revealed this decisive action targeted what she described as “widespread corruption” inherited from the previous administration.

    Maraj disclosed that despite operating without formal contracts or tender agreements for nearly a decade, cleaning company Magic Mist had received approximately $700,000 in monthly payments from the health authority. This arrangement culminated in total payments reaching $58 million over the past seven years. Notably, the company allegedly submitted payment claims for 80 workers while employing only 40 personnel.

    Another cleaning service provider received approximately $37 million annually without proper contractual documentation or tender processes, according to Maraj’s findings. Both companies’ services have been terminated effective 2026.

    The CEO emphasized that this pattern of irregular payments without valid contracts extends beyond cleaning services, affecting security provisions and multiple other areas across regional health authorities.

    This development follows recent reports of wage disputes among NCRHA security workers, attributed to the authority’s delayed payments for contracted services.

    NCRHA chairman Dr. Tim Gopeesingh provided context regarding the financial challenges facing the institution. Upon assuming office, the new board encountered 560 suppliers owed more than $320 million in outstanding payments. Through systematic restructuring, this number has been reduced to 118 suppliers with liabilities under $100 million.

    Gopeesingh confirmed that alternative arrangements have been implemented to maintain cleaning services across NCRHA facilities. Additionally, the authority plans to recruit for the 40 positions created by the recent contract terminations.

  • Tunapuna Chamber: Customs hike will squeeze SMEs, consumers

    Tunapuna Chamber: Customs hike will squeeze SMEs, consumers

    The Greater Tunapuna Chamber of Industry and Commerce (GTCIC) has issued a stark warning regarding the recently implemented doubling of customs fees, asserting that the measure will impose severe financial pressure on small and medium-sized enterprises (SMEs) and ultimately lead to increased consumer prices. The fee adjustments, formally gazetted on December 25, 2025, came into effect on January 1, 2026, significantly raising the cost of importing goods.

    Under Legal Notice 472, the customs declaration fee per package has surged from $40 to $80. Concurrently, Legal Notice 473 mandates a substantial increase in container examination charges, which have jumped from $375 to $750 for standard containers and from $525 to $1,050 for larger units. Although these changes were initially outlined in the 2025/26 national budget, the GTCIC emphasizes that prior announcement does not equate to operational or financial preparedness for the business community.

    In an official statement, Chamber President Ramon Gregorio highlighted the particular vulnerability of SMEs, which typically operate on narrow profit margins and possess limited cash flow flexibility. These businesses are already contending with a multitude of economic challenges, including freight volatility, foreign exchange shortages, elevated financing costs, and persistent inflation. The chamber cautions that the additional financial burden from customs fees threatens to decelerate business activity, postpone expansion initiatives, and undermine confidence among smaller operators.

    The GTCIC further projects that a significant portion of these increased costs will be transferred to consumers, especially within the retail and distribution sectors. E-commerce enterprises and courier-dependent businesses are expected to face disproportionate impacts, as the revised fee structure imposes greater strain on digital business models and emerging entrepreneurs who rely on frequent, low-volume imports.

    While acknowledging the government’s legitimate revenue requirements and the necessity of cost-recovery mechanisms in fiscal management, the chamber insists that such measures must be carefully balanced against the imperative of business sustainability and broader economic growth. The GTCIC advocates for tangible enhancements in customs operations—including accelerated processing times, fully digitized clearance procedures, and ongoing stakeholder engagement—rather than mere fee increases. The chamber also recommends implementing relief mechanisms or tiered fee structures specifically designed for SMEs and low-value shipments.

    The Finance Ministry has estimated that the new customs fees, alongside other adjustments, will generate approximately $1 billion in additional state revenue. However, the GTCIC maintains that SMEs should not be expected to bear this fiscal burden without commensurate support and operational improvements. The chamber reaffirms its commitment to constructive dialogue with policymakers, aiming to collaborate on solutions that ensure efficient customs administration while protecting business viability and national economic development.

  • Red Cross Children’s Carnival appeals for funding for 70th show

    Red Cross Children’s Carnival appeals for funding for 70th show

    The Trinidad and Tobago Red Cross Society is poised to commemorate a significant milestone as its Children’s Carnival prepares for its 70th anniversary celebration on February 7 at the Grand Stand Queen’s Park Savannah in Port of Spain. This venerable event, which traces its origins to humble beginnings under a savannah tree in 1956, has evolved into the nation’s premier children’s carnival competition.

    Initially conceived by Lady Beetham of The British Red Cross as a fundraising initiative, the event underwent a transformative shift five years later when the late Aubrey Adams assumed organizational leadership. His stewardship brought about the current nomenclature and established the participation age limit of 16 years that endures to this day.

    The historical tapestry of Children’s Carnival includes memorable stage presentations by esteemed institutions including Holy Name Convent, Fatima College, Bishops Anstey School, the TT Police Service, the Soroptimist Club of San Fernando, and St Anthony’s College. Today, the Red Cross spectacle maintains its unique distinction as potentially the only stage event that crowns category winners, event royalty, and Band of the Year simultaneously during the same presentation.

    With the 2026 theme “De real Mas, before De Big Mas. Mas with a purpose,” the organization anticipates welcoming over 3,000 costumed young participants across multiple categories. Four specialized judging panels will oversee the competition to ensure efficient proceedings and timely conclusion.

    Under chairman Randal Halfhide’s leadership, the organizing committee has embarked on an ambitious dual mission: producing a carnival show of exceptional quality while fundraising for a fully equipped ambulance. Halfhide acknowledges the challenge of financing both production costs and the vehicle acquisition but emphasizes the critical need for emergency medical transportation nationwide.

    “We recognize the substantial undertaking of simultaneously staging a major production and raising funds for such a costly essential,” Halfhide stated. “While achieving both objectives completely within one year may prove ambitious, we remain committed to this vital goal.”

    The committee has embraced digital innovation through collaboration with technology expert Sean Powell, implementing online registration systems and exploring YouTube broadcasting capabilities to globalize the event’s reach. Halfhide expressed confidence in his team’s composition, noting “a strong new committee of young minds and experienced talents, all of whom share a genuine affection for both children and the mas tradition.”

    Despite needing additional sponsorship to cover the $750,000 production budget, the committee maintains optimistic outlook. The National Carnival Commission (NCC) has provided platinum sponsorship and logistical guidance, with chairman Peter Kanhai and his team offering valuable expertise in venue utilization and event planning.

    Registration for participants remains open, with information available through dedicated telephone lines. The event continues to welcome additional support for both production elements and the ambulance fundraising initiative.

  • PM: 2026 a year of rebuilding, recovery and delivery

    PM: 2026 a year of rebuilding, recovery and delivery

    In her New Year’s Day address, Trinidad and Tobago Prime Minister Kamla Persad-Bissessar unveiled an ambitious governance agenda for 2026, emphasizing economic reconstruction, institutional accountability, and national security enhancement. The Prime Minister characterized the coming year as a pivotal period for tangible delivery across all government ministries and agencies.

    Persad-Bissessar articulated that her administration’s core principle remains “TT first, above all,” asserting that every policy decision and fiscal allocation must directly advance citizen safety, economic prosperity, and national dignity. She mandated all cabinet ministers to demonstrate measurable outcomes, coordinate effectively, and eliminate inefficiency in program execution.

    The government’s 2026 priorities will concentrate on stimulating economic growth through small and medium enterprise support, accelerating public infrastructure development, and strengthening both energy and non-energy sectors to expand employment opportunities. The Prime Minister emphasized that public spending must translate into concrete benefits for citizens.

    Regarding national security, Persad-Bissessar highlighted sustained efforts against violent crime, gang activity, and narcotics trafficking through enhanced international cooperation, particularly with United States authorities. The administration has expanded intelligence sharing, maritime security coordination, and joint operations to disrupt transnational criminal networks and intercept illegal firearms.

    The Prime Minister referenced several legislative achievements including Stand Your Ground and Home Invasion laws designed to protect law-abiding citizens, alongside recently enacted Fireworks and Noise Pollution legislation aimed at safeguarding vulnerable populations.

    Infrastructure improvements and drainage management initiatives have already yielded reduced flooding in multiple communities, while the government has delivered on commitments including the reopening of Couva Children’s Hospital and fulfillment of student laptop programs.

    Persad-Bissessar concluded with New Year’s wishes for safer communities, economic strength, and expanded opportunities for Trinidad and Tobago’s youth, urging national unity and confidence in the nation’s future.

  • Welcome to 2026 – for better and for worse

    Welcome to 2026 – for better and for worse

    As Trinidad and Tobago enters 2026, the nation stands at a remarkable crossroads of global achievement and domestic challenges when measured by per capita metrics. With approximately 1.4 million citizens, this dual-island nation has demonstrated extraordinary impact across multiple domains, from Olympic gold medals and World Cup qualifications to cultural innovations that have reshaped global music through the invention of the steelpan—the only acoustic instrument created in the 20th century.

    The nation’s economic performance has similarly exceeded expectations for its size, consistently ranking among the Caribbean’s highest GDP-per-capita countries driven by energy resources including oil, natural gas, and the world’s largest natural asphalt deposit at Pitch Lake. This economic strength, combined with cultural influence in beauty pageants, Carnival arts, and diaspora impact, presents a picture of a nation punching far above its weight class.

    However, the same per capita measurements reveal troubling contradictions. Trinidad and Tobago now ranks among the region’s most dangerous nations for violent crime, with homicide rates reaching alarming levels that disproportionately affect small communities. The country also scores poorly on global corruption indices, where governance and accountability challenges create particularly damaging consequences in a small society with limited capacity to absorb institutional failures.

    Additional indicators reveal deeper societal patterns: excessive vehicle ownership per person overwhelming infrastructure, and concerning digital behavior patterns including high rates of online pornography consumption that signal gaps in education and privacy awareness.

    Amid these challenges, artificial intelligence represents the defining test of this era. While the nation has historically adapted well to technological changes, its education system remains anchored in rote learning methodologies ill-suited for the AI revolution. As routine jobs face automation threats, the imperative grows for educational reform that emphasizes critical thinking, innovation, and problem-solving skills.

    Geopolitical tensions between the United States and Venezuela add another layer of complexity, with potential implications for Trinidad and Tobago’s energy markets, migration patterns, and regional security. The current US military posture in the region appears focused on containment strategy rather than direct confrontation—a approach familiar to Trinidadians who understand the strategic game of draughts.

    For a small nation, these challenges require particularly careful navigation, where every policy decision carries magnified consequences and there is little margin for error in balancing global opportunities with domestic realities.

  • Saddam: Increased birth/death certificate fee necessary

    Saddam: Increased birth/death certificate fee necessary

    In a significant modernization of civil registration services, Trinidad and Tobago has initiated a groundbreaking bedside birth registration program at San Fernando Teaching Hospital. The pilot launch coincided with new fee structures for birth and death certificates that took effect on January 1, 2026.

    Land and Legal Affairs Minister Saddam Hosein defended the price adjustments, explaining that the enhanced security features of official certificates necessitate higher production costs. “When you examine the expense involved in preparing one birth certificate—incorporating specialized security elements, international printing requirements, and staff verification processes—the state has been subsidizing these documents substantially,” Hosein stated during the program’s inauguration.

    Despite the increases, Minister Hosein emphasized that certificates remain partially subsidized. The government faces the challenge of balancing available resources while reducing the population’s financial burden, requiring what he described as “a very delicate balancing exercise.”

    The new fee schedule, established through Legal Notice No. 480 of 2025 published on Christmas Day, modifies the Births and Deaths Registration Act. Key changes include: $40 for late registration (3-12 months after birth), $100 for registrations after one year (requiring registrar general authorization), $20 for district transfers, and $30 for correcting registry errors.

    The digital registration system demonstrated its efficiency with the nation’s first New Year’s Day baby, Brandon Ace Hezekiah Peters. Registrar officials used smart tablets to input information directly at the mother’s bedside, producing a signed birth certificate within approximately thirty minutes—a process that previously required multiple steps and potential full-day commitments.

    Health Minister Dr. Lackram Bodoe indicated that the South West Regional Health Authority’s technological infrastructure made San Fernando General Hospital the ideal testing ground. Following successful implementation, the program will expand to all regional health authorities.

    New parents expressed overwhelming approval for the streamlined process. Carla Blackman, mother of the first registered infant, noted the dramatic improvement from previous experiences where “both parents might need to take a full day off work.” First-time father Ryan Ramcharran, whose wife delivered twins, praised the system as a “first-world experience” that eliminates lengthy queues and waiting periods.

  • From transition to delivery in 2026

    From transition to delivery in 2026

    The year 2025 marked a period of significant economic transition, setting the stage for 2026 to become a decisive year for policy implementation and fiscal management. With a new administration taking office, the country witnessed comprehensive changes across its financial institutions, including the appointment of a new Central Bank governor and restructuring of banking boards amid persistent state ownership.

    Economic indicators throughout 2025 revealed concerning trends. Central Bank Governor Larry Howai reported in September that the economy showed signs of softening, evidenced by declining retail sales, reduced cement sales, and dropping LPG production. These challenges emerged within a context of constrained fiscal space and diminished external buffers.

    The first quarter recorded a 2.1% GDP contraction, while market liquidity constraints continued to hamper credit expansion. Particularly affected were automotive loans and bridging finance, with non-energy sector performance remaining consistently lackluster.

    By November, the Central Bank’s monetary policy report projected a deteriorating outlook. Inflation, previously contained, was expected to rise due to disruptive US tariff policies and adverse weather conditions. The closure of state employment programs like Cepep further threatened to exacerbate labor market pressures.

    While energy sector stabilization appeared promising through new gas field developments and agreements, setbacks such as the controlled shutdown of the Nutrien facility posed additional challenges. The bank characterized the overall economic situation as ‘delicate.’

    The situation intensified when Moody’s Ratings revised the country’s outlook from stable to negative, citing a substantial 24% decline in liquid foreign exchange reserves (excluding gold, drawing rights, and sovereign funds including the HSF).

    In response, the new UNC government presented a $59.2 billion budget strategy centered on growth through sustained public spending—including public sector compensation—and institutional strengthening, while implementing various duty increases to supplement revenues.

    Finance Minister Davendranath Tancoo defended the government’s approach following Moody’s assessment, arguing the ratings agency acted prematurely and employed an overly narrow definition of foreign reserves. However, Moody’s had cited similar concerns about liquid foreign exchange reserve drawdowns in its previous downgrade under the PNM administration in June 2024.

    As the government approaches its mid-year review in early 2026, the administration’s honeymoon period will conclude, mounting pressure for more assertive economic interventions and tangible results.