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Martin George & Company > Articles posted by site_admin (Page 14)

Mr. Martin George on the Prime Minister’s comments regarding the Environmental Management Authority (EMA) Act

https://youtu.be/NwAEuq7ZV6k The TOBAGO BUSINESS CHAMBER asks that the rhetoric be toned down and seeks meaningful discussions amongst all Stakeholders as it believes that economic and infrastructural development can be done for the Marriott Hotel and other projects, in an environmentally sensitive and ecologically sustainable manner as a win-win for all. ...

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George: Repeal ‘repressive’ Foreign Investment Act

The chairman of the Tobago Business Chamber, Martin George, has reiterated his call for the immediate and unconditional repeal of the Foreign Investment Act. In a media release on Friday, George said the chamber had been championing this repeal for many years. This “repressive and obstructive legislation,” he said, represents a palpable absurdity, especially in the face of the severe scarcity of foreign exchange in TT. “Instead of facilitating direct foreign investment like so many other islands in the Caribbean are doing, this archaic and anachronistic Foreign Investment Act has us placing and maintaining hurdles and obstacles in the way of investors. "The...

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Budget review disappoints business groups

The Confederation of Regional Business Chambers (CRBC) has expressed disappointment that several key issues that have affected business and the economy appeared to be ignored during the mid-year budget review. Coordinator of the CRBC Jai Leladharsingh said, "The IMF report indicates that growth is taking place, but to date, Trinidad and Tobago has not reached the benchmark of the 2019 GDP figures as yet." The Confederation however did side with the Minister's stance on the exchange rate, as it said, "the CRBC agrees that any downward adjustment of the exchange rate would only serve to create severe economic stress and bring severe...

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Couva Children’s Home manager suspended after revealing abuse allegations

Manager of the Couva Children’s Home and Crisis Nursery Kerri-Ann Leon Sing has been suspended over breaching the terms of her contract and proceeding on unauthorised vacation leave from the facility.  Despite this, Leon Sing, who spoke out on reports of sexual abuse at the home, involving a 12-year-old resident, said she does not regret her decision.  Leon Sing was issued a letter from the home’s director Linus Rogers on Wednesday, which outlined an apparent breach of contract by divulging matters relating to an internal investigation at the home, referencing her appearance on CNC3’s newscasts.  “This represents a direct violation of paragraph 5...

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Can middle-income earners afford homes in T&T?

Challenges and opportunities: Can people with an average income between $6,000 and $10,000 buy a home in Trinidad and Tobago? Given the high cost of living and houses on the market costing over $1m, one single mother of two fears her dream of owning a home is moving farther away. And according to one economist, acquiring a home is becoming increasingly difficult for the middle class. However, one organisation argues that it is not all doom and gloom because while you may not be able to purchase your dream home there are other viable options. Similarly, Trinidad and Tobago Mortgage Bank (TTMB) assures...

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Need to improve service industry: George on foreign investment

Chairman of the Tobago Business Chamber Martin George believes that for Trinidad and Tobago to get more foreign investment from tourism, improvements in the service industry and a repeal of the Foreign Investment Act for Tobago are needed. “We have a lot of work to do. Look at the quality of service that we get, our service industry, and how our staff treats us in restaurants or bars: we don’t understand that culture of proper service and quality service that you get in other islands. So, therefore, we are not just going to magically wake up and reach to that point...

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Mr. Martin George speaks on the establishment of the Trinidad and Tobago Revenue Authority

https://youtu.be/8XZZps1xdK4 Attorney at Law MARTIN GEORGE, while commending the Government on its success in the Constitutional Motion with the PSA over the establishment of the T&T Revenue Authority, says that it is no cause for great celebrations as the main task of managing and harnessing the economy of T&T remains as the major challenge for the Government. He pointed to the challenges faced by Businesses with getting FOREX, the hemorrhaging of Billions of Taxpayers Dollars by so many State agencies wasting money and being inefficient and ineffective and says that these should be the areas of focus as opposed to raising...

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