Colm Imbert

Imbert: US$1.25 billion spent on credit card purchases last year

Finance Minister Colm Imbert has told the House of Representatives that the credit card purchases originating in Trinidad and Tobago, consumed US$1.2 billion in 2017.

A further US$1.8 billion dollars was injected by the Central Bank to buffer the TT dollar to the US dollar exchange rate.

The breakdown is as follows:

Credit Card Purchases in 2017:

January - US$108.5 million

February - US$70.5 million

March - US$94.1 million

April - US$68.3 million

May - US$100.5 million

June - US$90.4 million

July - US$101.6 million

Moonilal: Is public housing policy being held up by a personal feud

Former housing minister Dr. Roodal Moonilal is questioning whether public housing policy is being held up by a personal feud between two key players.

According to the former housing minister, the prime minister must explain whether the Finance Minister Colm Imbert is declining to give a government guarantees to NH International Caribbean Limited because of an ongoing private legal row involving the minister and the company’s chairman Emile Elias.

Appeal Court rules for Elias in matter involving Grenada Stadium construction

NH International, a construction company owned by former chairman of the Telecommunications Services of Trinidad and Tobago (TSTT), Emile Elias, has won in court against a company owned by Finance Minister Colm Imbert, in a legal matter arising from the construction of the Grenada National Stadium.

The Appeal Court has dismissed an application by National Stadium (Grenada) Corporation for a stay of execution of a judgement handed down in 2011 by Justice Peter Rajkumar in 2011 in favour of NH International.

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