NEWS
Economists: Years of government assistance leaves Trinis too spoilt
THREE senior economists said on Thursday that decades of subsidies, transfers and other forms of government assistance – to the tune of tens of billions of dollars – have made citizens spoilt.
This view comes three days after the Minister of Finance Colm Imbert announced in the budget a further cut on subsidies in the price of fuel and consequent increase in the price of premium and super gasoline, each by a dollar per litre, and 50 cents per litre for diesel. Read more here…
4 illegal immigrants held in Santa Flora
Officers from the South Western Division intercepted four illegal immigrants and seized a quantity of illegal items during an anti-crime exercise conducted in the division on Wednesday.
A release from the TTPS said based on information received, the officers went to School Road, Santa Flora, near Mahawal Beach, where four Venezuelan immigrants were held. Read more here…
POLITICS
Cudjoe accuses ‘Express’ of twisting her words
Sport and Community Development Minister Shamfa Cudjoe yesterday accused the Express of twisting what she said at the opening of the $18 million Tacarigua Community Centre. You can always count on the Express, the media on a whole, to twist your comments out of context and try to create confusion, mayhem and discord. Yesterday (Wednesday) I spoke with the Tacarigua village council about the challenges of taking hard decisions and making sacrifices today that will redound to our benefit tomorrow and build a brighter future for our children. Express decided to take its own twist. Read more here…
Former finance minister: What plans are in store for Petrotrin?
Former finance minister Mariano Browne has expressed concern that no mention was made about plans for the former Petrotrin refinery in Monday’s budget presentation.
The refinery was shut down by the Government in November 2018.
In June, Finance Minister Colm Imbert told the Lower House of Representatives that there was a preferred bidder, but they will remain unidentified until the due diligence process has been completed. Read more here…
BUSINESS
NGC Groups reports significantly improved half-year performance
The NGC group of companies has recorded a net profit of TT$1.6B for the six months of the year ended June 30, 2022. This is a 260 per cent increase when compared to a profit of TT$437M in 2021.
The NGC group also noted its revenues of TT$16.6B were TT$7.1B greater than revenues of TT$9.5B for the same period in 2021. It explained the rebound in commodity prices positively impacted revenues and margins. According to the NGC prices of ammonia, methanol, liquefied natural gas and natural gas liquids (NGLs) increased by 185 per cent, four per cent, 457 per cent and 72 per cent respectively. Read more here…
REGIONAL
IMF lauds gov’t for good anti-corruption framework, fiscal transparency
THE International Monetary Fund (IMF) has commended local authorities for the progress made in strengthening Guyana’s anti-corruption framework and fiscal transparency. Read more here
‘Poor people can introduce solar’
Former energy minister, Phillip Paulwell, has charged that the involvement of all Jamaicans is necessary, if the country is to achieve its 2030 goal for renewable energy. Read more here
INTERNATIONAL
Separatist leaders join other guests in Moscow for Putin's annexation ceremony
Guests have arrived in Moscow ahead of an annexation ceremony hosted by President Vladimir Putin on Friday, with attendees including Russian-backed leaders from four occupied Ukrainian territories. Read more here
Hurricane Ian: Survivors speak of 'brutal' storm as Florida counts cost
The damage left behind in Hurricane Ian's wake is obvious: the boats piled up in the streets in Fort Myers, the pier ripped in half in Naples. What authorities in Florida don't know yet is how many people died. Read more here
30th September 2022