AGP Executive Report
Last update: 4 hours agoHousing & Procurement Shock: The HDC has withdrawn its $3.4b housing contracts after OPR ordered a suspension over concerns about the tendering method and firms’ backgrounds, reigniting calls for tighter procurement rules and accountability. Labour & Education Pressure: Labour Day tensions spilled into Fyzabad as unions and teachers protested delayed wage increases and retroactive pay, while Tobago saw industrial action linked to early dismissals and cancelled national tests. Energy & Petrotrin Fallout: Former energy minister Stuart Young warned Petrotrin’s “resurrection” could “sink” T&T, arguing the refinery’s costs and liabilities were mishandled, even as the OWTU hailed the bill preserving collective agreements. Finance & Investment Signals: NEL posted a $237.9m net profit for the first half, and Moody’s upgraded T&T’s outlook to stable; meanwhile, an IMF mission visit focused on resilience and sustainable growth. Regional Business Finance: The IFC will invest up to US$15m in a Caribbean resilience debt fund, aiming to expand SME financing across 13 countries including T&T. Tourism Industry Worries: STAOTT urged urgent action on marketing, airlift, crime perceptions and infrastructure ahead of the mid-year budget review. Agriculture & Imports: Farmers in the region, including Benguet, are hit by imported produce driving down local prices—another reminder of how import flows can squeeze local producers. Diplomacy & Trade Links: T&T marked 32 years of diplomatic relations with Panama, highlighting growing cultural and economic ties.
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