bourse report

This week, we at Bourse begin an analysis of several economic trends and consider what investors and the wider public might expect in the upcoming national budget carded for October 7. In the first of a series of articles, we consider the revenue side of the budget equation. Will economic growth remain muted, or will it accelerate? Will energy revenues be higher or lower than projected and how might this impact fiscal decisions for FY 2019/2020? We discuss below.

GDP growth on the rebound According to the Ministry of Finance, real GDP Growth recovered in 2018, measuring 1.9% year-on-year (YoY) in contrast to the contractions of 6.5% and 1.9% recorded in 2016 and 2017, respectively. Based on the most recent estimates of the World Bank (WB) and the International Monetary Fund (IMF), growth is expected to be relatively muted in 2019, but consistently improve by 2021 (WB: h1.7%, IMF: h2.1%).


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.

AGREEMENT has been reached between Minister of Finance Colm Imbert and the T&T Chamber of Industry and Commerce that will allow local businesses to get cash for the billions of dollars in Value-Added Tax refunds owed to them by the end of next month.

SOME 50 exporters across 13 sectors have received about US$21 million to purchase raw materials and other inputs, in the facility established by the Government and executed by T&T’s EXIMBank to ease access to foreign exchange.