Dr Keith Rowley

‘In difficult times’: Prime Minister Dr Keith Rowley speaking to his party’s supporters on Tuesday night at the Pleasantville Community Centre, San Fernando. 

Our ratings have dropped a notch, but we more or less have held our own.

This was the response of Prime Minister Dr Keith Rowley to Tuesday’s downgrade of Trinidad and Tobago by the rating agency, Standard and Poor’s (S&P).

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Speaking on Tuesday night at a political meeting in Pleasantville, Rowley said: “Trinidad and Tobago is in difficult times. Remember we were on the brink of collapse, today they reported our rating has dropped one level from BBB+ to BBB. We are still at investment grade...But they have upgraded our outlook from negative to stable,” he said, to applause.

He said the reason for this was because of this country’s stable external profile and stable democracy. “They (the rating agency) also say it reflects on the country’s solid level of Government financial assets and good fiscal and external performance,” he added.


KALLCO, the construction conglomerate headed by businessman Arvin Kalloo, has sold the majority stake it bought in the Lawrence Duprey-owned MotorOne to a Jamaican general insurance company.

Following is the text of the statement delivered in the Parliament yesterday by Finance Minister Colm Imbert in announcing that a company named Patriotic, wholly owned by the Oilfields Workers’ Trade Union (OWTU), has been chosen to purchase the Pointe-a-Pierre refinery, formerly Petrotrin.

DECISIONS to increase or implement new taxes are often met with protest and objection. But Port of Spain businesses are actually asking to be taxed.

THE FINANCIAL situation at the Sports Company of Trinidad and Tobago (SporTT) is dire.

FINANCE Minister Colm Imbert declared his interest to the House of Representatives when he piloted the Finance Bill No 2 in the House of Representatives on July 4, 2016.

CHRISTIAN businessman Trevor Joseph estimates that within the 1,500 churches in Trinidad and Tobago there 10,000 Christian-led businesses. Many are start-ups, small businesses and young entrepreneurs who need mentorship from more experienced businessmen like himself, and who simply need a platform where they can advertise products and services.