LOCAL contractors are calling on the Government to disclose the financial terms offered by China Gezhouba Group International Engineering Company Ltd (CGGC) that resulted in it being awarded a contract worth billions of dollars to construct a total of 5,000 housing units throughout Trinidad.

In a statement on Monday evening, two days after a heated debate at the Contractors Association (TTCA) annual meeting, on the issue of the housing contract, the body called for immediate discussions with the Government and financial institutions to facilitate a model that would allow locals to build houses for the Housing Development Corporation in the future.

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Trinidad and Tobago’s unemployment rate tumbled from 22.3 per cent in 1987 to 3.8 per cent in the second quarter of 2018. This is a significant decline and it means our unem­ployment rate was one of the lowest in the world.

Trinidad and Tobago has been removed from the grey list by the FATF (Financial Action Task Force). This represents an advance for this country since it is no longer subject to “increased monitoring by FATF”.

BARBADOS and Trinidad and Tobago will be working together to put certain protocols in place to get the wheels of the CARICOM Single Market and Economy (CSME) moving faster in 2020.

AFTER deliberating on the First Citizens Initial Public Offering (IPO) for more than 19 months, Director of Public Prosecutions, Roger Gaspard, concluded that there was “insufficient evidence” from an investigation conducted internally by a team from the Trinidad and Tobago Securities and Exchange Commission (TTSEC) “for a realistic prospect of conviction for any offence under the Securities Act Chapter 83.02.”

HIGH fuel costs and traffic congestion are causing more people to purchase motorcycles for travelling short distances.