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paid_influencer wrote:If you are a business, it would be idiotic to convert any of your hard-earned export revenues back to TTD. You would be in a ridiculous position when you have to buy raw materials for your next order and everything is tied up in a worthless island currency.
This is what Manning knew when he and Wendell Mottley (the best Finance Minister in the history of T&T) floated the exchange rate back in the 90's. We devolved from that straight to banana republic economics under Rowley. PNM used to be much better than this.
Jack arse,Habit7 wrote:pugboy wrote:is there legislation which requires usd export earning companies to “cash back” usd to tt ?
Facts don't matter here. The idea is to convey that PNM is bad and reality has to fit that.
zoom rader wrote:Jack arse,Habit7 wrote:pugboy wrote:is there legislation which requires usd export earning companies to “cash back” usd to tt ?
Facts don't matter here. The idea is to convey that PNM is bad and reality has to fit that.
Nothing is stopping you from expanding your company abroad and banking the profits in an offshore accounts. There is no law for it.
sMASH wrote:idea is to convey, trini is not attractive to investing manufacturing in.
next few years, the labor force will be selling breeze and sqeezy by the traffic lights.
job creation rowlely style.. not pnm, cause manning did things different somewhat.
sMASH wrote:https://newsday.co.tt/2021/03/13/associated-brands-ceo-reports-factory-in-colombia-nears-completion/newsday wrote:
Associated Brands CEO reports factory in Colombia nears completion
Ria Chaitram Yesterday
Trade and Industry Minister Paula Gopee-Scoon, Associated Brands Industries Ltd (ABIL) chairman Arthur Lok Jack, centre, and ABIL deputy chairman and CEO Nicholas Lok Jack at a tour of a factory on Monday. -
Trade and Industry Minister Paula Gopee-Scoon, Associated Brands Industries Ltd (ABIL) chairman Arthur Lok Jack, centre, and ABIL deputy chairman and CEO Nicholas Lok Jack at a tour of a factory on Monday. -
Associated Brands Industries Ltd (ABIL), a local snack foods and cereals manufacturer, is capturing new markets outside the Caricom region.
The company which manufacturers chocolate confectionery, biscuits, snack foods and breakfast cereals is nearing completion of a manufacturing factory in Bogota, Colombia.
At a tour of one of its factory in on Monday, with Trade and Industry Minister Paula Gopee-Scoon, the group’s deputy chairman and CEO Nicholas Lok Jack said the company’s modernisation and expansion was a natural part of its business growth.
“Despite significant investments in our Trinidad and Tobago factories our group has also been investing heavily outside Caricom and is in the completion phase of a Greenfield manufacturing factory in Bogota, Colombia, he said in a statement on Friday.
“While investment in a physical factory is important, investment in the marketplace in intangible assets like brands is also critical.”
ABIL currently markets and distributes products in over 45 countries which includes Colombia, the Dominican Republic, Panama, Costa Rica, Ireland, Taiwan, the US, the Middle East, the Mediterranean and Caricom countries. It employs over 1,000 people in TT in its four factories locally, ABIL also has two factories in Malta and now one in Colombia. Its headquarters is at Bhagoutie Trace, San Juan.
Gopee-Scoon said she was pleased with the group’s innovation, use of technology and continued investment in their manufacturing and production processes
“The growth and expansion of ABIL over the years is as a direct result of their ongoing drive to penetrate new markets and diversify their product offering. This current expansion will further aid this agenda and increase the global competitiveness of your various product lines," she said.
“The government remains committed to providing the necessary support to businesses seeking to meet international standards and quality, enter new markets and increase their exports.”
Also present at the tour was ABIL’s chairman Arthur Lok Jack.
read the tea leaves.
this shows this business is successful and doing the things right.
the problem is, to be successful, they found it necessary to open factories OUTSIDE of trinidad. when the push should be to produce things here and export, the numbers dictated that a local producer manufacture OUTSIDE of trinidad, and eventually ship it here.
isnt TCL doing sumting like that? producing outside, importing it and repackaging it here?
sMASH wrote:idea is to convey, trini is not attractive to investing manufacturing in.
next few years, the labor force will be selling breeze and sqeezy by the traffic lights.
job creation rowlely style.. not pnm, cause manning did things different somewhat.
Then hush ya arse with your stupid commentsHabit7 wrote:zoom rader wrote:Jack arse,Habit7 wrote:pugboy wrote:is there legislation which requires usd export earning companies to “cash back” usd to tt ?
Facts don't matter here. The idea is to convey that PNM is bad and reality has to fit that.
Nothing is stopping you from expanding your company abroad and banking the profits in an offshore accounts. There is no law for it.
Anybody disputing that? Stick to your script nah.
sMASH wrote:idea is to convey, trini is not attractive to investing manufacturing in.
next few years, the labor force will be selling breeze and sqeezy by the traffic lights.
job creation rowlely style.. not pnm, cause manning did things different somewhat.
Trinidad and Tobago holds notable benefits for industry, and manufacturers are increasingly looking abroad for expansion
Although an important part of the Trinidad and Tobago economy, the manufacturing sector’s performance has been disappointing in recent years. According to the T&T Manufacturers’ Association (TTMA), the value of manufacturing output declined at an average annual rate of 4.3% from 2010 to 2014.
In its “Review of the Economy 2014”, a report published in mid-2014, the government noted that economic activity in manufacturing fell by 5.8% in 2012, and by 1.8% in 2013. At that point, the review said the government was predicting a further contraction of 0.7% in 2014. By sub-sectors, the biggest declines were expected in wood and wood-related products; garments and footwear; and assembly type and related industries. But positive growth was expected in food, beverages and tobacco – the largest sub-sector – and in printing and publishing. Growth was also expected in iron and steel, where it was noted that output of iron and steel products had risen by 5.6% in the first nine months of fiscal 2013/14, to reach 1.96m tonnes.
https://oxfordbusinessgroup.com/overvie ... ly-looking
zoom rader wrote:Then hush ya arse with your stupid commentsHabit7 wrote:zoom rader wrote:Jack arse,Habit7 wrote:pugboy wrote:is there legislation which requires usd export earning companies to “cash back” usd to tt ?
Facts don't matter here. The idea is to convey that PNM is bad and reality has to fit that.
Nothing is stopping you from expanding your company abroad and banking the profits in an offshore accounts. There is no law for it.
Anybody disputing that? Stick to your script nah.
Businesses are now forced to move out of Trinidad with Rowlair crashing the economy to look like Nigeria and North Korea
Pt lisas is near gone jack arseRedman wrote:zoom rader wrote:Then hush ya arse with your stupid commentsHabit7 wrote:zoom rader wrote:Jack arse,Habit7 wrote:pugboy wrote:is there legislation which requires usd export earning companies to “cash back” usd to tt ?
Facts don't matter here. The idea is to convey that PNM is bad and reality has to fit that.
Nothing is stopping you from expanding your company abroad and banking the profits in an offshore accounts. There is no law for it.
Anybody disputing that? Stick to your script nah.
Businesses are now forced to move out of Trinidad with Rowlair crashing the economy to look like Nigeria and North Korea
Just link to one business being forced to move out
You complaining about stupid comments while flooding the threads with your own.
De Dragon wrote:zoom rader wrote:2 billion made and Trinidad have nutting to show for it .Habit7 wrote:zoom rader wrote:Petrotrin made ah profit of 800mill but no account for where the money was spent or where it went.sMASH wrote:trinidad: first world restrictions and taxation, with fourth worth world debt and conditions.
thank u, rowliar
On top of that 1.5 billion gone from HSF
I think we seeing Panama all over again
see goalpost change below
Impsbert talks and Rowlee lies after 6 years we have still have nutting but taxes and shoddy services
What the toco port feasibility study taking that money to make red government minsters and agents rich overnight
We living in North Korea now
Creative accounting, when you don't pay SPT, it's easy to look like you're raking in money. Note how carefully Imbert skirts the issue and your antenna instinctively rises. So this moron wants us to believe that by not paying the SPT,(as is mandatory by LAW!) they're actually paying the SPT?
“As part of the restructuring of Petrotrin and the refinancing of the US$850 million Petrotrin bond that was taken over by Trinidad Petroleum and due for payment in August 2019, the Government gave an undertaking to make equity investments in Heritage Petroleum to finance the exploration and production of oil, in sums equal to the amount of supplemental petroleum tax that would be due and payable over the period July 2019 to June 2021,” Imbert said.
Rowlair had 5 years plus this year.Habit7 wrote:Pt Lisas?
Gas curtailment started under Rowley? You need to link your comments to facts, not your bias.
We taking about businesses that have left due to the hostile environment created by your red government king Rowlair and Guy SmileyRedman wrote:@Zoombindranath
you not talking about the companies that you were speaking up to that point.
No sweat
Carry on,my bad.
zoom rader wrote:Rowlair had 5 years plus this year.Habit7 wrote:Pt Lisas?
Gas curtailment started under Rowley? You need to link your comments to facts, not your bias.
What has he been doing ?
Wow all those articles and plants shut down in Pt lisas. Petrotrin refinery gone.Habit7 wrote:zoom rader wrote:Rowlair had 5 years plus this year.Habit7 wrote:Pt Lisas?
Gas curtailment started under Rowley? You need to link your comments to facts, not your bias.
What has he been doing ?
Getting it done
https://www.offshore-energy.biz/bp-to-i ... -10-years/
https://www.looptt.com/content/shell-in ... rgy-sector
https://energynow.tt/blog/bhp-approves- ... on-in-2021
https://newsday.co.tt/2020/02/07/pm-tel ... d-by-2025/
zoom rader wrote:Wow all those articles and plants shut down in Pt lisas.
Habit7 wrote:Pt Lisas?
Gas curtailment started under Rowley? You need to link your comments to facts, not your bias.
Rowlair had 5 years to fix it and he failed.Habit7 wrote:zoom rader wrote:Wow all those articles and plants shut down in Pt lisas.
Yes because going back to the initial commentHabit7 wrote:Pt Lisas?
Gas curtailment started under Rowley? You need to link your comments to facts, not your bias.
sMASH wrote:it was a case of 'u owe my ah $10, but i hadda pay the parlour ah $10, so handle the parlour it for meh instead' .
and the e&p end up coming up a lil snake eyes. was it due to lack of funding, or lack of oil in the ground..... what evs, roget think he getting the refinery so the election done in the bag. dummies.
Redman wrote:I thought 5 years is too little time to fix stuff???
You said so Zoombindranath you said the 5 years UNC had with 100 oil and everything in their favor wasnt enough time to do anything.
Now you saying you expected Rowley to do it in 5 years.
You saying that Rowley betterer than the UNC.
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