Many brokers argue that a steady stream of initial public offerings (IPOs) and new listings will be the key to triggering renewed interest in the Trinidad and Tobago Stock Exchange (TTSE) as a source of capital and investment opportunities. Nancy Chen, an investment analyst at West Indies Stock Brokers (WISE), told OBG, “If we were to have...
With government facing a revenue shortage, how can banks help fund infrastructure and housing?
Well capitalised and financially healthy, the banking sector in Trinidad and Tobago is led by eight main institutions. Despite economic growth slowing in 2015 and 2016, the country’s banks remain profitable and may even see benefits from the end of a long period of very low interest rates.
While Trinidad and Tobago’s insurance industry was affected by a slower economy in 2015, most of the largest insurers remain prof¬itable. Key metrics suggest the industry is resilient, although companies will have to adapt their business models to keep abreast of market developments. At the end of 2015 there were seven active life insurance companies, 17 active general insurance companies and...
Trinidad and Tobago’s capital markets have developed against a background of strong energy sector growth. Therefore, the current lower price environment for oil and gas is expected to translate into slower and more modest stock market growth in the near term. A total of 38 stocks were traded in 2015 – 20 recorded advances, 13 experienced declines and five held steady – with share prices...
Despite economic growth slowing in 2015 and 2016, Trinidad and Tobago’s banks remain profitable and may even see benefits from the end of a long period of very low interest rates. According to the Central Bank of T&T (CBTT), for the past five years growth in the financial sector (including finance, insurance and real estate) has outpaced economic expansion. In 2015 the nation’s GDP...
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