In the past decade the Trinidad and Tobago telecoms and broadcasting industry has expanded into a dynamic sector of the economy. Until 2004 majority state-owned company Telecommunications Services of T&T (TSTT) had an almost complete monopoly on the sector, holding the country’s only fixed and mobile operating licences and competing with...
As a small country with a large diaspora, Trinidad and Tobago has been a rapid adopter of voice over internet protocol (VoIP) to communicate with overseas friends and family. VoIP is just one form of over-the-top (OTT) content that includes audio, video or other media delivered over the internet without involvement from the network operator....
From 2010 to 2015 the construction sector regularly accounted for around 5% of Trinidad and Tobago’s GDP, fluctuating from 5.4% in 2010 to 4.7% in 2012. In the Ministry of Finance’s “Review of the Economy 2015” the sector was forecast to have a strong 2015, growing 3.4% and accounting for 5.3% of GDP. In the fourth quarter of 2015 the sector...
Much of the April 2016 mid-year budget review by Trinidad and Tobago’s finance minister, Colm Imbert, focused on the importance of austerity and fiscal prudence, but one project was of particular investment potential.
The Trinidad and Tobago real estate market’s fortunes have long been tied to those of the oil sector. Between 1991 and 2006 house prices more than quadrupled as the country’s hydrocarbons and petrochemicals industries grew strongly. This stoked a construction boom that led to the rapid development of grade-A office and residential properties....
In his October 2015 budget speech, the newly appointed minister of finance, Colm Imbert, underscored the fact that Trinidad and Tobago’s manufacturing sector had fallen below 10% of national GDP. Estimates from the Central Statistical Office (CSO) put the figure at 8.1% in 2015, with food, beverages and tobacco accounting for around 4.5% of...
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