Media Release: The FIUTT does not act without Lawful Cause
The Financial Intelligence Unit of Trinidad and Tobago (“the FIUTT”) has always applied diligence and reverence for the law in the utilization of it powers. The FIUTT therefore ensures that when requests are made to Financial Institutions and Listed Businesses for information, it has sufficient and lawful basis for doing such. Under the FIUTT Act,…
Media Release: Foreign Exchange Supply and Demand
The Minister of Finance has noted with interest an editorial in the Sunday Express regarding foreign exchange supply and demand. The editorial correctly points out that the sales of foreign exchange to the public for the first 7 months of 2023 are almost the same as the amount of forex available to the public in…
Media Release – Minister of Finance wins Appeal in the High Court brought by Ravi Balgobin Maharaj against the decision of the High Court to uphold the appointment of the NIB Chairman
The Minister of Finance, Hon. Colm Imbert, MP, wishes to advise that this morning the Court of Appeal dismissed a challenge brought by Mr. Ravi Balgobin Maharaj against the Minister of Finance in relation to the appointment of Mr. Patrick Ferreira as the Chairman of the National Insurance Board of Trinidad and Tobago.In dismissing Maharaj’s…
Media Release: Successful, Heavily Oversubscribed, Bond Issue By The Republic Of Trinidad and Tobago of US$560 Million on the International Capital Market
On Monday September 11th, 2023, the Government of the Republic of Trinidad and Tobago, through the Ministry of Finance, successfully issued US$560 million Senior Unsecured long 7-year Notes at a coupon of 5.950% on the International Capital Market. The offer was oversubscribed by 3 times the amount required.
PUBLIC NOTICE – PAYMENT DATES FOR GOVERNMENT SALARIES AND PENSIONS FOR SEPTEMBER, 2023
The Treasury Division wishes to advise that the payment of Government Salaries and Pensions for September, 2023 will be made on the undermentioned dates
MEDIA RELEASE – OVER 30,000 INDIVIDUAL INCOME TAX REFUND CHEQUES OUT FOR DELIVERY
Based on representation and requests made by members of the general public, the Minister of Finance, Hon. Colm Imbert, M.P., recently authorized the Board of Inland Revenue to pay all individual income tax refunds of up to $20,000 or less.
Media Release: S&P affirms Trinidad and Tobago’s investment grade rating based on financial resiliency
Today, Standard & Poor’s, the rating agency, has affirmed Trinidad and Tobago’s BBB-credit rating, with a stable outlook. The Honourable Minister of Finance underscores the fact that ‘S&P’s affirmation of our credit rating is a positive development and Trinidad and Tobago is one of the few Investment Grade countries within the Latin America and Caribbean…