economy

Mayaro MP insists Rio Claro protest was not politically-motivated

The Member of Parliament for Mayaro insists that Monday's fiery protest by residents of Rio Claro was not politically-motivated.

Rushton Paray says while he does not support the illegal demonstration which can cause further damage to infrastructure, he understands the plight of the residents.

Yesterday, scores of persons from a number of communities in the area blocked several access points to vent their frustrations with the poor road conditions.

Santa Cruz maxi & taxi fares go up on Monday

Maxi and taxi fares between Santa Cruz and San Juan will go up by $1 on Monday.

The increase was confirmed by the president of the San Juan to Santa Cruz Taxi and Maxi Taxi Association, Junior Ghany.

Ghany said the increase is due to the recent fuel price increase announced by Finance Minister Colm Imbert in the 2018 Budget.

He also cited the maintenance of maxi taxis and taxis and the cost of living.

Commuters will now have to pay $5 for a maxi taxi journey from San Juan to Santa Cruz, and $6 via taxi.

Marla not being drawn into war of words with Finance Minister

Economist Marla Dukharan is making it clear she has no intention of being dragged into a war of words with Finance Minister Colm Imbert. 

Yesterday, RBC’s former senior economist shot into the spotlight after the minister said his statement about a ‘sterile discussion’ was directed to her and not to the audience at the Chamber of Industry and Commerce’s post-Budget discussion. 

But even with shifting blame game and public interest in the matter, Dukheran says it’s time to move on.

Chamber: It's unfortunate much attention being given to just one comment from post-Budget forum

The Chamber of Industry and Commerce says it is unfortunate that much national attention is being focused on a comment made from the floor at its post-Budget forum on Tuesday, rather than on the substance of what was shared at that forum.

The Chamber has issued a statement urging all citizens to work together against the challenges the country currently faces.

The following is the statement by the Chamber:

Seepersad-Bachan: 12.5% royalty can affect direct foreign investment in energy sector

Former Minister of Energy and Energy Industries Carolyn Seepersad-Bachan believes the announcement of a 12.5% royalty rate in the energy industry, can negatively impact direct foreign investment in the sector.

Seepersad-Bachan issued a statement today, saying the government is not taking into consideration the what this means for global competitiveness.

The following is Seepersad-Bachan's statement:

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