AGP Executive Report
Last update: 8 hours agoMoody’s Upgrade & Refinery Restart: Moody’s lifted Trinidad and Tobago’s outlook to stable from negative while keeping the Ba2 rating, boosting confidence for the shuttered Pointe-a-Pierre refinery’s restart plans. Mid-Year Budget Review Pressure: Finance Minister Tancoo faces mounting demands as Parliament absorbs an extra $2.93b in spending, with unions and business pushing on jobs, wages, growth and how the State will fund it. Tobago Airport Ready: The ANR Robinson terminal has been fully certified and handed over for operations, clearing the way for the next phase of Tobago’s airlift and tourism flow. Energy & Venezuela Spill Row: Venezuela alleges a new, larger oil spill from Trinidad’s coast; T&T says it’s investigating with sea vessels and drones while Heritage Petroleum disputes major hydrocarbon presence. Football Funding Scrutiny: SporTT is seeking answers from the TTFA over $6.9m in World Cup qualifying funds and lingering unpaid dues to staff and vendors. Central Bank Fraud Case: The Central Bank filed a High Court suit to recover about $18.8m tied to an alleged forged $20m government cheque. Agriculture Under Strain: Farmers warn that “ease of doing business” is still missing, with delays clearing inputs and financing hurdles hitting food production. Tourism Budget Worries: Tourism stakeholders head into the review with modest expectations, citing marketing, airlift, arrivals, infrastructure, crime perceptions and FX constraints. Housing Development Bottleneck: Terra calls for state intervention to cut red tape in approvals, arguing bureaucratic delays widen the affordability gap and stall new builds. PH Taxi Safety Spotlight: A fatal case involving an unvetted PH taxi highlights ongoing commuter risk and enforcement gaps in the private hire sector. Trade & Capital Markets: West Indian Traders extended its IPO closing date to June 22 as it seeks to bring in new shareholders. Hearing-Health Partnership: T&T signed an MOU with Starkey Hearing Foundation to expand screening, training and access to hearing-assistive technology.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.