Trinidad and Tobago has launched two programmes to incentivise new residential housing projects, with the aim of addressing a national housing shortfall and boosting activity in the construction sector.
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Continuing lower returns from the energy industry and slowing activity in the private sector saw Trinidad and Tobago’s economy shrink in 2017; however, an increase in gas output and widespread reform of the tax system are expected to drive a rebound in the coming year.
Economic update | Wide-ranging tax reforms to boost Trinidad and Tobago’s revenue collection
28 Nov 2017
Trinidad and Tobago is enacting sweeping changes to its tax system, with the government to establish a new revenue authority and implement a series of reforms as part of efforts to bolster state revenues and address recent fiscal imbalances.
Trinidad and Tobago has received a boost in its efforts to expand tourism, with the number of cruise ships visiting the country expected to increase by 50% in the near term.
Articles & Analysis | Upstream energy in Trinidad and Tobago to review and address the slowing output of oil and gas from The Report: Trinidad & Tobago 2017
Trinidad and Tobago’s oil and gas fields are found in six main areas. The three offshore fields are in the North Coast Marine Area, the East Coast Marine Area and the South-west Coast Marine Area. The three onshore areas are located in South-east Trinidad (including Guayaguayare and Moruga), South-west Trinidad (Point Fortin, Guapo and Forest...
Articles & Analysis | Trinidad and Tobago's state-owned oil company to reorganise from The Report: Trinidad & Tobago 2017
Navigating the future of state-owned oil company Petrotrin has become one of the most urgent strategic decisions facing the administration of Prime Minister Keith Rowley. Petrotrin is recording fiscal losses and has become heavily indebted. The company has made some poor managerial decisions, operates alongside a powerful trade union – the...