On Wednesday 8th February, 2012 Minister of Finance Winston Dookeran presented the Finance Bill 2012 in Parliament. The following are some of the major highlights in the Bill: Documents Highlights of the Finance Bill 2012 (PDF)
Government has to date made approximately TT$1.1 billion in payments to CLICO and BAT Executive Flexible Premium annuity (EFPA) contract owners with contracts valued at $75,000 or more. This represents payments to 2,177 persons. Documents Over One billion paid out to CLICO and BAT EFPA Holders (PDF)
Finance Minister Winston Dookeran gave an address, along with the Indian and Israeli Finance Ministers and the President of the Confederation of Indian Industry, at the inaugural session of a major international conference, the Delhi Economics Conclave, in New Delhi on 15th December, 2011. Documents Finance Minister Winston Dookeran Shares Leadership Insights at Delhi Economics…
The Standard and Poor’s Rating Services affirmed Trinidad and Tobago’s ‘A/A-1 Foreign- and Local- Currency Ratings; Outlook Remains Stable”. The report stated that Trinidad and Tobago’s economic recovery is slower than expected, but its fiscal performance remains strong as its low net government debt and ongoing current account surpluses cushion the economic risks. Documents Trinidad…
The Government of the Republic of Trinidad and Tobago (GoRTT) wishes to advise eligible Depositors/Shareholders of the HCU in Liquidation of its offer of a relief payment. Documents Advisory -The Offer of Relief to Depositors and shareholders of HCU (PDF)
The Government of the Republic of Trinidad and Tobago (Acting Minister of Finance, The Honourable Vasant Bharath) and the Inter-American Development Bank (departing IDB Representative Mr. Iwan Sewberath Misser) yesterday signed two Loan agreements for a total of US$130 million. Documents Gov’t signs IDB US$130 Million loan (PDF)
IDB approves Country Strategy and makes US$1.5 billion available for the strategy period (2011-2015). Loan Signing of the Social Safety Net, Sustainable Energy and Waste Water projects, and corresponding Technical Assistance Programs. Documents GORTT and the Inter- American Development Bank signs USD $1.5b Loan Agreement (PDF)
Fearing systemic risk for the country’s financial system, in January 2009 the Trinidadian government rescued Caribbean insurer CLICO by using the assets of its parent, CL Financial, as collateral. Documents interview with Finance Minister and BNS Americas on the the effectas of the CLICO Bailout on Trinidad and Tobago (PDF)
Schedule for the Processing of Payment Forms for STIPs over $75,000 Documents Schedule for the Processing of Application Form for STIPs $75,000 and over (PDF)
Advisory for holders of Short Term Investment Products (STIPs) valued over $75,000 issued by Colonial Life Insurance Company (Trinidad) Limited CLICO and British American Insurance Company (Trinidad) Limited (BAT) Documents Q&A for Holders of Short Term Investment Products (STIPs) over $75,000 (PDF)