The year 2016 was expected to be a challenging one for the stock market in Trinidad and Tobago, with several economic headwinds testing the confidence of investors. Against all odds, the local market demonstrated considerable resilience, with the main driver of market momentum coming from the cross-listed index. The T&T Composite Index (...
Established in October 1981, the Trinidad and Tobago Stock Exchange (TTSE) played a key role in socialising the benefits of economic growth that followed the discovery of hydrocarbons reserves in the 1960s.
With a declining economy restricting premium income growth and bringing rates under sustained pressure, 2016 was a challenging year for Trinidad and Tobago’s insurance sector. The relative scarcity of foreign exchange has also caused some issues with regard to the payment of reinsurers.
Government bond issuance in Trinidad and Tobago was relatively quiet in 2016, with just two new issues of government debt coming to market, totalling TT$2.16bn ($322.7m). This would have come as a surprise to most market participants, particularly given the budgetary requirements to meet target spending. However, 2017 is likely to see...
Ongoing fiscal imbalances within Trinidad & Tobago’s budget have necessitated further initiatives to address a widening deficit. New fiscal measures appear to present hurdles to corporate earnings growth. In addition, economic developments are set to test consumer and investor confidence. On a positive note, however, liquidity and other...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×