PNM in Gov't (2020-2025)

[De Dragon]

that is the bill for the plant, but not the actual worth of the plant. people who were there while it was building know the kinda ratchifie that that project was. u do a commission of inquiry into to that, and u will get the definition of Cat-in-Bag

When I saw "refurbished reactors" I cringed

[zoom rader]

trinidad: first world restrictions and taxation, with fourth worth world debt and conditions.
thank u, rowliar

Petrotrin made ah profit of 800mill but no account for where the money was spent or where it went.

On top of that 1.5 billion gone from HSF

I think we seeing Panama all over again

see goalpost change below

2 billion made and Trinidad have nutting to show for it .

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

[zoom rader]

You need to read an economics book and not tea leaves. Associated Brands sees it necessary to open factories where the market is to avoid import tarrifs. That is good.
However the profits are repatriated to T&T bringing in a source of forex.

In the same way a Mexican company CEMEX bought majority shareholding in Trinidad Cement Limited to repatriate the profits back to Mexico.

Dummy these businessmen keep their money in offshore banks.

Very little Forex is brought here and only used for maintenance

[De Dragon]

trinidad: first world restrictions and taxation, with fourth worth world debt and conditions.
thank u, rowliar

Petrotrin made ah profit of 800mill but no account for where the money was spent or where it went.

On top of that 1.5 billion gone from HSF

I think we seeing Panama all over again

see goalpost change below

2 billion made and Trinidad have nutting to show for it .

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.

[sMASH]

im totally in agreement that its good business.

what i am saying is, its more attractive to set up manufacturing outside tnt and import the products here more and more.

this comes following tcl, berger and unilever ceasing operation locally, to merely import and sell.

what i imply is, that those things resulted in job losses, far less for encouraging job creation.

if the profits are repatriated here, thats good for gortt, but not good for the skilled labourer lookin for a wuk. they will hadda buy a truck and sell products by the empty lot.

[pugboy]

is there legislation which requires usd export earning companies to “cash back” usd to tt ?

You need to read an economics book and not tea leaves. Associated Brands sees it necessary to open factories where the market is to avoid import tarrifs. That is good.
However the profits are repatriated to T&T bringing in a source of forex.

In the same way a Mexican company CEMEX bought majority shareholding in Trinidad Cement Limited to repatriate the profits back to Mexico.

Dummy these businessmen keep their money in offshore banks.

Very little Forex is brought here and only used for maintenance

[Habit7]

just beat ups and goalpost changes...

Rather than acknowledge that you were wrong about Dr Rowley "giving away a plant to an ex LFD RFD PNM lobbyist" you act like if anybody disputed he was a lobbyist. UNC wanted to liquidate the plant as scrap metal and thank God, it could have been the biggest flag-waving PNM, who cares, he fought the PP govt and bought it for much more than what we would have got for scrap. This was long before Dr Keith Rowley was PM. Now it is giving jobs, bringing forex and going to reduce the sulphur in our diesel... but the undying UNC in you must find something negative to say.

And the next one, "no account for where the money was spent or where it went" shows him an account of the minister accounting where the profit was spent...

goalpost change!

if anything, this is entertaining.

[Habit7]

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.

[paid_influencer]

is there legislation which requires usd export earning companies to “cash back” usd to tt ?

You need to read an economics book and not tea leaves. Associated Brands sees it necessary to open factories where the market is to avoid import tarrifs. That is good.
However the profits are repatriated to T&T bringing in a source of forex.

In the same way a Mexican company CEMEX bought majority shareholding in Trinidad Cement Limited to repatriate the profits back to Mexico.

Dummy these businessmen keep their money in offshore banks.

Very little Forex is brought here and only used for maintenance

there is no legislation. However, there are de-facto currency controls because the commercial banks have no currency to sell you and the only other option is going to the EXIM bank. The EXIM bank was set up a few years ago by the government as a 'work around' for the manufacturing sector to continue operating.

AFAIK, if you go through the EXIM bank, the overseas buyer must pay the EXIM bank (not you), and then the EXIM bank releases your earnings back to you in TTD only. Your manufacturing business never actually gets to keep the foreign currency it earns.

[Gladiator]

USD profits repatriated to t&t you say....Peter Pan is that you?

You need to read an economics book and not tea leaves. Associated Brands sees it necessary to open factories where the market is to avoid import tarrifs. That is good.
However the profits are repatriated to T&T bringing in a source of forex.

In the same way a Mexican company CEMEX bought majority shareholding in Trinidad Cement Limited to repatriate the profits back to Mexico.

[pugboy]

no doubt a big shot mfg wouldn’t bring back all their usd
they go cash in a token amount but no way them letting govt get full access to their funds

[paid_influencer]

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.

[Dohplaydat]

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.

Manning's and Panday's government did a lot for us, we are reaping the benefits of policies put in place from 1985-2010. PP did some good but sadly wasted a lot.

I've been saying it for years we need to devalue.

[zoom rader]

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.

Jack arse,

Nothing is stopping you from expanding your company abroad and banking the profits in an offshore accounts. There is no law for it.

[Habit7]

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.

Jack arse,

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]

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.

[Gladiator]

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.

I always remembered going to a symposium and the speaker said that to gauge the state of a country, its leadership and economy look at the vending by the traffic lights and that will tell the tale.

There seems to be a lot more highway vendors these days. I hope we never get like Nigeria and Angola where man selling fridge and stove on the highway!!!

[sMASH]

caroni roundabout. jawb kreeashawwn

[bluefete]

SM Jaleel has factories in Saudi Arabia, India and South Africa and has a global reach for its products. But they don't teach you that in T&T..

https://newsday.co.tt/2021/03/13/associated-brands-ceo-reports-factory-in-colombia-nears-completion/

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?

[timelapse]

Manning had class.Growley is a crass sasafras that only business about raising the price of gas. I got my sesame street points for the day

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.

[zoom rader]

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.

Jack arse,

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.

Then hush ya arse with your stupid comments

Businesses are now forced to move out of Trinidad with Rowlair crashing the economy to look like Nigeria and North Korea

[MaxPower]

Good Morning Team,

Our MP for Point Fortin, His Excellency the Hon. Kennedy Richards Jr. wishes to advise that our New Point Fortin Hospital located at Point Fortin Main Road is 100% operational as of today.

This is what the people voted for.

Join us.

[Habit7]

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

[Redman]

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.

Jack arse,

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.

Then hush ya arse with your stupid comments

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.

[zoom rader]

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.

Jack arse,

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.

Then hush ya arse with your stupid comments

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.

Pt lisas is near gone jack arse

[Redman]

trinidad: first world restrictions and taxation, with fourth worth world debt and conditions.
thank u, rowliar

Petrotrin made ah profit of 800mill but no account for where the money was spent or where it went.

On top of that 1.5 billion gone from HSF

I think we seeing Panama all over again

see goalpost change below

2 billion made and Trinidad have nutting to show for it .

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.

You struggling with clear English-yet he is the MORON???

lol.

[Habit7]

Pt Lisas?

Gas curtailment started under Rowley? You need to link your comments to facts, not your bias.

[Redman]

@Zoombindranath
you not talking about the companies that you were speaking up to that point.
No sweat
Carry on,my bad.

[sMASH]

u give them a chance to fix it?

[zoom rader]

Pt Lisas?

Gas curtailment started under Rowley? You need to link your comments to facts, not your bias.

Rowlair had 5 years plus this year.

What has he been doing ? Back squeezing gas and contracts

Try harder idiot