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Martin George & Company > Articles posted by site_admin (Page 9)

Business Chamber’s budget wish: Bring on Tobago regional police service

The Tobago Business Chamber is hoping to hear an announcement of a localised police force for Tobago in the THA’s budget presentation on June 24. Chief Secretary and Secretary of Finance, Trade and the Economy Farley Augustine is expected to present the 2024/2025 fiscal package in the Assembly Legislature, Scarborough, from 10am. At a function on June 18, Augustine said the presentation – the third of his administration – will focus heavily on human capital development. He added this year’s budget request would be kept within the limits of the Dispute Resolution Commission’s recommendations (between 4.03 and 6.9 per cent) which were accepted...

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Chamber wants focus on tourism, agriculture

A reduction in crime, economic growth, access to financing and better inter-island transport are some of the areas the Tobago arm of the Trinidad and Tobago Chamber of Industry and Commerce and the Tobago Business Chamber want addressed in today’s Tobago House of Assembly (THA) budget presentation which will be presented by Chief Secretary and Finance Secretary Farley Augustine. “We want to put our eyes on tourism and agriculture, the chamber emphasises the need to invest in tourism, agriculture as these sectors are critical for Tobago’s economic diversification. We advocate for policies that enhance tourism infrastructure and promote sustainable agriculture practices...

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Tobago Business Chamber: PM’s adversarial stance on EMA laws ill-advised

THE TOBAGO Business Chamber says the somewhat adversarial stance the Prime Minister has taken in referring to the environmental management laws may not be the best position to adopt if the government intends to develop the country along a particular path. At the post-Cabinet media briefing on June 13, Dr Rowley said the government would have to revisit the EMA Act, as people in the country use it to obstruct development rather than help it. He believes the misuse of the act has robbed Trinidad and Tobago of projects such as a Sandals resort and an aluminium smelter plant. But Rowley said the...

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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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