The Bogeyman Thesis – Budget 2018 has not inspired public and investor confidence

Is Government deliberately making the energy and banking sectors into the economic bogeymen of T&T? If so, this is an extremely dangerous course that does not augur well for the future of this nation. Despite the economic storms of the last three years, these two sectors have...
Posted On 14 Oct 2017
, By

THE BOGEY MEN

By Kevin Ramnarine The Government is deliberately making the energy and banking sectors into the economic bogey men of T&T. That is dangerous since investors have options. T&T isn’t the only girl on the dance floor. This is not 1977. To say that the country produces 3.0...
Posted On 10 Oct 2017
, By

Ramnarine: Imbert Wrong on Fiscal Incentives

Statements by Colm Imbert regarding the fiscal incentives of 2014 are totally wrong and misleading. These statements and their tone also serve to erode investor confidence in T&T’s energy sector. The facts of the matter remain that these incentives (accelerated capital...
Posted On 03 Oct 2017
, By

THE WORST POVERTY IS A POVERTY OF IDEAS

By Kevin Ramnarine The budget is October 2nd, 2017. Brace for Impact. The Minister of Planning has already signaled that this will be a hard budget. How much more can the population take? Well at least they haven’t rioted as yet. The private sector is buckling under the weight of...
Posted On 20 Sep 2017
, By

ECONOMIC DROUGHT – 2018 AND BEYOND

By Kevin Ramnarine I hate to be the bearer of bad news but the economic drought will continue into 2018 and maybe beyond. While the recession will end, thanks to increased gas production from the Juniper project, Government revenue in 2018 will not be vastly different from 2016...
Posted On 09 Sep 2017
, By

The Politics of Distraction and Bias

By Devant Maharaj Since 6am Tuesday 29th August to now the man who has perhaps fought more constitutional cases in the courts of Trinidad and Tobago protecting the rights of citizens, often times pro bono, has been in detention by the Police for a conversation three years ago...
Posted On 30 Aug 2017
, By

Ramnarine: Juniper’s First Gas, work of the PP government

Juniper’s first gas date has been three years in the making. BP approved the project in mid-2014 and TOFCO started construction of the platform in November 2014. Its approval was predicated on many factors. The largely misunderstood accelerated capital allowances that were in the...
Posted On 01 Jul 2017
, By

TTNGL the Sequel

By Kevin Ramnarine In 2013, Conoco Phillips informed the Government of T&T they were selling their 39% stake in Phoenix Park Gas Processors Limited (PPGPL). The reason – restructuring aimed at an increased focus on their upstream business. Their departure, on the...
Posted On 12 Jun 2017
, By

REAPING THE FRUITS

By Kevin Ramnarine In 2014, at an Annual Technical Meeting between BP and the Ministry of Energy, I said that the most important economic relationship in T&T was the relationship between BP and the Government of T&T. Today, T&T accounts for 17% of BP’s global...
Posted On 30 May 2017
, By

Against Excessive Taxation

by Kevin Ramnarine In 1977, Margaret Thatcher (not yet PM of Britain), speaking at the University of Zurich called for a “revolt against excessive taxation”. Excessive taxation had stagnated Britain in the 1970’s. In 1979 when she became Prime Minister she reinvented the British...
Posted On 16 May 2017
, By