Thursday, November 23, 2017

B’dos reserves down, debt up*

Nov. 22, 2017, 9:22 PM AST Comments

The foreign reserves of Barbados have continued to fall, according to an IMF team, which concluded an Article IV consultation visit to Barbados on Monday. At the end of September, the island’s net international reserves stood at US$225 million, or just over two months of import cover.

Is Sandals’ setback really an opening?*

Nov. 22, 2017, 1:5 AM AST Comments

IN Parliament on Friday, Prime Minister Keith Rowley’s disclosed that the Government was “anticipating greater urgency” from Sandals with regard to the establishment of two resorts at No Man’s Land in Tobago. Prime Minister Rowley told Parliament and the nation that two thing

Maritime industry missing out on $$ millions*

Nov. 22, 2017, 12:54 AM AST Comments

Tremendous opportunities abound for Trinidad and Tobago’s maritime sector but successive Governments have done very little to boost the sector to allow it to reach its full potential, says general manager of the Shipping Association of Trinidad and Tobago Joanne Edwards. Citing an example, Edw

Jamaica’s PM on turnaround: It’s not finished*

Nov. 22, 2017, 12:46 AM AST Comments

FOR decades, Jamaica’s economic performance was a sad joke at economic conferences, with its skyrocketing inflation, growing unemployment, stagnant growth and burgeoning debt creating a sense of despair at the country’s persistent poverty.

CSO’s contraction estimate way off*

Nov. 22, 2017, 12:43 AM AST Comments

The International Monetary Fund (IMF) has again revised downward its estimate for the decline in Trinidad and Tobago’s gross domestic product (GDP). The data initially supplied to the IMF substantially underestimated the depth of the downturn in the country’s economy, both the IMF and th


Nov. 22, 2017, 12:23 AM AST Comments

“Dey make ah out dey man, ah big out,” my friend said angrily. A lot of other people said it was an outrage and one even called it an out-and-out attempt to hold the country to ransom. “They had to be out of their minds,” someone else exclaimed. “Is not just the taps an

Overvalued TT$ slowing recovery*

Nov. 21, 2017, 10:24 PM AST Comments

The International Monetary Fund (IMF) says that keeping the TT dollar overvalued is slowing this country’s pace of economic recovery. In its country report on T&T released yesterday, the Washington-based lender of last resort said the TT dollar is overvalued “with estimates ranging betw

SFC, GHL earnings lower*

Nov. 19, 2017, 10:41 PM AST Comments

This week, we at Bourse review the performance of two stocks in the non-banking sector — Sagicor Financial Corporation Ltd (SFC) and Guardian Holdings Ltd (GHL) — for the third quarter ended September, 2017.

NIS fund ‘in trouble’*

Nov. 17, 2017, 9:53 PM AST Comments

Officials of the National Insurance Board (NIB) are advocating the implementation of recommendations listed in the Ninth Actuarial Review of the National Insurance System. The review, published in 2015, painted a bleak picture of this country’s national insurance system, noting that funds are

IMF praises Jamaica PM*

Nov. 17, 2017, 9:51 PM AST Comments

International Monetary Fund (IMF) managing director Christine Lagarde has lavished praise on the Andrew Holness administration in Jamaica for the communication, inclusiveness and ownership of the economic reforms the country has introduced since it entered into an Extended Fund Facility (EFF) with t