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...
Unsurprisingly, given its relatively small land area and high average income, Trinidad and Tobago is dependent on food imports. Between 2010 and 2014, food imports rose from TT$4bn ($616m) to TT$5.8bn ($893.2m), according to data from the Central Statistical Office (CSO). A few main categories – cereals and cereal preparations, fruits and...
Various factors influence the upstream natural gas investment cycle. One of the most important of these factors is that once an investment project is given a green light it can take anywhere from between three and five years for gas production to begin. Therefore, companies need to calculate the future commercial viability of a project on the...
The financial squeeze that has been caused by lower oil and gas prices, together with doubts over the commercial viability of some new projects, has led to pressure on overall levels of exploration activity in Trinidad and Tobago. However, there has not been as sharp a reduction as was experienced during the global financial crisis of 2008....
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