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PNM in Gov't (2020-2025)

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Habit7
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Re: PNM in Gov't

Postby Habit7 » June 19th, 2024, 1:10 pm

adnj wrote:
Habit7 wrote:
It is not possible to commit a home invasion in T&T and not violate the laws of Burglary and Breakings. So you too are talking nonsense.

Wrong.

All home invasions committed in TT would be classified as a burglary or a break in, but all burglaries and break ins are not necessarily a home invasion.

You are calling this wrong but both statements agree with each other.

First you were saying that Burglaries and Breakings were limited to nighttime therefore "the incident will be charged according to the components involved". So Burglaries and Breakings were not wide enough and ppl might be charged with robberies, assault, etc. But I rubbished that by showing you there are sections irrespective of time of day.

Now you holding the position that it too wide because Burglaries and Breakings may involve invasions that might not be a dwelling place.

The problem is that "home invasion" is a subjective term that ppl bandy about locally but there is no defined meaning. You define it as "a criminal unlawfully enters a residence while the occupants are inside with the intent to commit a crime." There are ppl here who said that that is too light, home invasion is when they take you hostage and beat you. Some say it when they have guns. Some outside this thread say home invasion is a term the press uses based on your neighbourhood, burglary in middle to upper class areas is a home invasion. Burglary in a lower-class area is just bandit.

You cannot arbitrarily define a term, then arbitrarily pick a year or a month, then declare it is increasing, and when you get pushback, clutch your pearls and be surprised at how somebody could deny what you arbitrarily created.

There is no offence in T&T laws called Home Invasion. What is commonly subscribed to as home invasions are all subsumed in Burglaries and Breakings. When year-on-year Burglaries and Breakings are up we use this data point to prove home invasions are up. eg. This article which cited B&B in certain police divisions https://www.guardian.co.tt/news/home-in ... f8648d3989

But if B&B are down year on year nationally and one concludes that home invasions are not increasing, you cannot disavow the same data. That is being disingenuous.

There might be one who believes a true home invasion must be done on a predominantly East Indian home, by a lil Black boy from Laventille, who is left-handed, who has an AK47, who must tie and beat everybody in the house, rape somebody and escape in a Tiida with steel rims. And if TTPS doesn't have a stat for this therefore home invasions are not being recorded, those are your variables and your criteria. But generally, all home invasions are variants of Burglary and Breakings and it is only right to measure their rise or fall by this metric.

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Re: PNM in Gov't

Postby zoom rader » June 19th, 2024, 1:13 pm

Habit7 wrote:
adnj wrote:
Habit7 wrote:
It is not possible to commit a home invasion in T&T and not violate the laws of Burglary and Breakings. So you too are talking nonsense.

Wrong.

All home invasions committed in TT would be classified as a burglary or a break in, but all burglaries and break ins are not necessarily a home invasion.

You are calling this wrong but both statements agree with each other.

First you were saying that Burglaries and Breakings were limited to nighttime therefore "the incident will be charged according to the components involved". So Burglaries and Breakings were not wide enough and ppl might be charged with robberies, assault, etc. But I rubbished that by showing you there are sections irrespective of time of day.

Now you holding the position that it too wide because Burglaries and Breakings may involve invasions that might not be a dwelling place.

The problem is that "home invasion" is a subjective term that ppl bandy about locally but there is no defined meaning. You define it as "a criminal unlawfully enters a residence while the occupants are inside with the intent to commit a crime." There are ppl here who said that that is too light, home invasion is when they take you hostage and beat you. Some say it when they have guns. Some outside this thread say home invasion is a term the press uses based on your neighbourhood, burglary in middle to upper class areas is a home invasion. Burglary in a lower-class area is just bandit.

You cannot arbitrarily define a term, then arbitrarily pick a year or a month, then declare it is increasing, and when you get pushback, clutch your pearls and be surprised at how somebody could deny what you arbitrarily created.

There is no offence in T&T laws called Home Invasion. What is commonly subscribed to as home invasions are all subsumed in Burglaries and Breakings. When year-on-year Burglaries and Breakings are up we use this data point to prove home invasions are up. eg. This article which cited B&B in certain police divisions https://www.guardian.co.tt/news/home-in ... f8648d3989

But if B&B are down year on year nationally and one concludes that home invasions are not increasing, you cannot disavow the same data. That is being disingenuous.

There might be one who believes a true home invasion must be done on a predominantly East Indian home, by a lil Black boy from Laventille, who is left-handed, who has an AK47, who must tie and beat everybody in the house, rape somebody and escape in a Tiida with steel rims. And if TTPS doesn't have a stat for this therefore home invasions are not being recorded, those are your variables and your criteria. But generally, all home invasions are variants of Burglary and Breakings and it is only right to measure their rise or fall by this metric.
Habit7 is a home invasion a crime?

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Re: PNM in Gov't

Postby Habit7 » June 19th, 2024, 1:17 pm

The_Honourable wrote:
Habit7 wrote:
j.o.e wrote:Allyuh talking in circles.

Nobody talking in circles. They dead but refusing to lie down.

Telling them that home invasions not increasing is like telling them Santa Claus is not real

So they are tripping over themselves to discredit the data or creating arbitrary assessment periods.

The same thing occurs when we get good reports from international economy surveillance groups or corruption perception index. Deny, deny, deny because the facts contradict their narrative.


But what i have presented to you is not false. Verifiable facts so again...

From our lowest in 2021 at 1,331 to 1,677 in 2023, is that an increase or decrease?

121 in December 2023 to 137 in April 2024, is that an increase or decrease?

Is Rowley and Hinds using the same stats you are using?

Until you answer these questions, go in a corner with a balisier and put a finger on yuh lip.

You are arbitrarily choosing dates to fit your narrative and forcing it on the discussion.

Nowhere else do we measure the increase or decrease in other crimes by comparing it with 2021 or Dec 2023.

That is data manipulation and dishonest.

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Re: PNM in Gov't

Postby adnj » June 19th, 2024, 2:12 pm

Habit7 wrote:
adnj wrote:
Habit7 wrote:
It is not possible to commit a home invasion in T&T and not violate the laws of Burglary and Breakings. So you too are talking nonsense.

Wrong.

All home invasions committed in TT would be classified as a burglary or a break in, but all burglaries and break ins are not necessarily a home invasion.

You are calling this wrong but both statements agree with each other.

First you were saying that Burglaries and Breakings were limited to nighttime therefore "the incident will be charged according to the components involved". So Burglaries and Breakings were not wide enough and ppl might be charged with robberies, assault, etc. But I rubbished that by showing you there are sections irrespective of time of day.

Now you holding the position that it too wide because Burglaries and Breakings may involve invasions that might not be a dwelling place.

The problem is that "home invasion" is a subjective term that ppl bandy about locally but there is no defined meaning. You define it as "a criminal unlawfully enters a residence while the occupants are inside with the intent to commit a crime." There are ppl here who said that that is too light, home invasion is when they take you hostage and beat you. Some say it when they have guns. Some outside this thread say home invasion is a term the press uses based on your neighbourhood, burglary in middle to upper class areas is a home invasion. Burglary in a lower-class area is just bandit.

You cannot arbitrarily define a term, then arbitrarily pick a year or a month, then declare it is increasing, and when you get pushback, clutch your pearls and be surprised at how somebody could deny what you arbitrarily created.

There is no offence in T&T laws called Home Invasion. What is commonly subscribed to as home invasions are all subsumed in Burglaries and Breakings. When year-on-year Burglaries and Breakings are up we use this data point to prove home invasions are up. eg. This article which cited B&B in certain police divisions https://www.guardian.co.tt/news/home-in ... f8648d3989

But if B&B are down year on year nationally and one concludes that home invasions are not increasing, you cannot disavow the same data. That is being disingenuous.

There might be one who believes a true home invasion must be done on a predominantly East Indian home, by a lil Black boy from Laventille, who is left-handed, who has an AK47, who must tie and beat everybody in the house, rape somebody and escape in a Tiida with steel rims. And if TTPS doesn't have a stat for this therefore home invasions are not being recorded, those are your variables and your criteria. But generally, all home invasions are variants of Burglary and Breakings and it is only right to measure their rise or fall by this metric.


Wrong.

TT Larceny Act defines "breaks and enters the dwelling house of another with intent to commit any arrestable offence" as burglary or housebreaking depending on the time of day that the crime was committed.

In general, when a criminal unlawfully enters a residence while the occupants are inside with the intent to commit a crime, that’s a home invasion. The planned crime in question could be robbery, assault, or any number of things, but nearly always involves violence.

Home Invasion is not specifically defined in TT. As a consequence, the incident will be charged according to the components involved (e.g. burglary, armed robbery, assault, and murder).

It is impossible to know the number of home invasions without a count specific to that act.

All home invasions committed in TT would be classified as a burglary or a break in, but all burglaries and break ins are not necessarily a home invasion.

Repost:
In general, when a criminal unlawfully enters a residence while the occupants are inside with the intent to commit a crime, that’s a home invasion.


Section 27 carves out nighttime breaking and entering a dwelling from Section 28 as the crime of burglary, which carries with it an increased penalty of 15 years imprisonment.

Burglary
- who in the night
- dwelling house of another
- imprisonment for fifteen years

Housebreaking and committing arrestable offence
- breaks and enters any dwelling house or any building within the curtilage thereof
- or any school-house, shop, warehouse, counting-house, office, store, garage, pavilion, factory or workshop, or any building belonging to the State, or to any Government department, or to any Municipal or other public authority
- imprisonment for ten years

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Re: PNM in Gov't

Postby zoom rader » June 19th, 2024, 2:58 pm

Habit7 is a home invasion a crime?

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Re: PNM in Gov't

Postby zoom rader » June 20th, 2024, 8:45 am

Ah boi,

Habit7 cant answer a simple question all the other tuners have him running.

Only a few PNM idiots left on tuner

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Re: PNM in Gov't

Postby MaxPower » June 20th, 2024, 9:03 am

Good morning Team,

PNM 2025 inches closer.

The people have spoken.

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Re: PNM in Gov't

Postby alfa » June 20th, 2024, 9:35 am

zoom rader wrote:Habit7 is a home invasion a crime?

I noticed he has not answered. Says a lot about this bad habit

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Re: PNM in Gov't

Postby mero » June 20th, 2024, 9:53 am

*sucks theet*

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Re: Re: PNM in Gov't

Postby Habit7 » June 20th, 2024, 10:51 am

Non-energy sector drives growth: More jobs coming
RYAN HAMILTON-DAVIS YESTERDAY


With the non-energy sector leading the country to economic recovery, the Central Bank’s annual economic report, released on Tuesday, predicted more jobs coming in the sector.

“The non-energy sector is expected to remain buoyant,” the report said. “This may have further positive implications for labour market conditions, including an increase in the labour force participation rate as more people are encouraged to enter the labour market.”

The cautiously optimistic outlook posed by Central Bank came a day before Labour Day, which commemorates the anniversary of the Uriah Butler oilfield riots in 1937.

Overall, the economy showed significant growth, with headline inflation down from 5.8 per cent in 2022 to 4.6 per cent in 2023. The overall domestic economy grew by 2.5 per cent.

Central Bank recorded gross official reserves amounting to US$6.3 billion with 7.8 months of import cover.

This was echoed in the International Monetary Fund (IMF’s) country report.

The IMF’s report said real GDP rebounded in 2022, and it expected further growth in 2023 while headline inflation decreased.

More jobs, higher participation in 2023

The report, which highlighted labour statistics for the past five years (2018-2023) from the Central Statistical Office (CSO), predicts a rebound in employment after employment fell during covid19.

For 2023, Central Bank recorded 578,800 registered jobs. This was out of a total labour force of 602,800 for the year.

This marked an increase over 2022, which, out of a total labour force of 594,600, had 565,300 jobs recorded.

Labour participation in 2023 increased for men, with the Central Bank recording a 64.6 per cent labour participation rate, compared to a 47.1 participation rate among women.

In 2022, the participation rate for men was lower, at 62.7 per cent. But the rate was incrementally higher in 2022, at 47.6 per cent.

The unemployment rate also showed a disparity between genders, with unemployment among males recorded at 3.5 per cent and unemployment among females recorded at 4.6 per cent.

In 2018, employment was at a five-year high, at 609,100 jobs out of a total workforce of 633,900 for that year. The unemployment rate for that year was recorded at 3.9 per cent, with 3.2 per cent of the total labour force who were unemployed being male and 4.9 per cent of the total workforce who were unemployed being female.

In 2021, out of a labour force of 592,200, only 560,400 people had jobs. The unemployment rate for that year was 5.4 per cent overall, with 4.8 per cent being male and 6.1 per cent being female.

The report added that retrenchment notices reported to the Ministry of Labour for the period January-December 2023 indicated that 465 people were retrenched, compared to 980 people in 2022. This showed a 515-person reduction in retrenchments year-on-year.

Retrenchments were reported mainly in the transport, communication and storage sectors, distribution, finance, insurance, real estate, petroleum and other mining and personal service sectors.

While the number of retrenchments went down, the average number of job advertisements published daily in the print media showed a slight increase of 0.6 per cent year-on-year.

The report said despite a decline from 12 per cent in 2022 to 9.5 per cent in 2023, the youth (ages 15-24) unemployment rate remained disproportionately higher than the national average.

“Youth unemployment remains a significant social challenge, with statistics revealing a high incidence of criminal offences perpetrated by persons within this age group. A number of government initiatives, such as the Youth Agriculture Homestead Programme and others by the Ministry of Youth Development and National Service, seek to offer targeted solutions.”

Workers more productive, wages getting better

The report said labour productivity improved in 2023, with high jumps in productivity being recorded, again, in the non-energy sector.

“Excluding the energy sector, the index of productivity increased by 83.5 per cent in 2023, primarily due to elevated levels of production (83.7 per cent) alongside a 0.2 per cent in the index of hours worked,” the report said.

It said increases were recorded in the assembly-type and related products sector at 177.9 per cent and the food processing sector at 10.5 per cent.

There was a recorded growth in the processing of fruit and vegetables by 11.4 per cent and processed meat, poultry and fish by 5.3 per cent. The report said the boost was largely influenced by an uptick in food processing.

Assembly-type and related products got its growth from the production of metal furniture, which increased by 183.2 per cent.

Central Bank also reported declines in production in the printing, publishing and paper converters sectors as well as electricity.

In contrast, the energy sector productivity declined because of reduced levels of production across the domestic energy sector.

“In 2023, the index of domestic production recorded a reduction of 6.2 per cent in the exploration and production of oil and natural gas industry (upstream),” the report said.

As a result, petrochemical production fell 20.3 per cent, but man-hours worked in the industry increased by 0.4 per cent. Increases in man-hours in exploration and production of oil and gas were also recorded at 3.4 per cent.

Central Bank also marked an increase in wages in the non-energy sector, with the manufacturing and wholesale and retail trade sectors receiving the highest average wage increase in 2023, each recording 2.6 per cent increases.

“Wage growth was contained in 2023,” the report said. “Collective bargaining agreements filed with the Industrial Court revealed that the average wage increase in 2023 measured 2.3 per cent, up from two per cent recorded in both 2022 and 2021.”

“In 2023, wage increases ranged from one per cent to four per cent compared to a range of two per cent to three per cent in 2022,” the report said.

Non-energy leading the path to recovery

The report said domestic activity showed signs of revival, with the non-energy sector giving the country an economic boost.

But the energy sector slowed growth.

The report, taking data from the CSO, said real GDP expanded by 2.5 per cent year-on-year.

According to CSO’s figures, the sector grew by 4.2 per cent.

The trade and repair sub-sector, as well as transportation and storage and accommodation and food services, provided significant buffers for the sector overall, the report said.

Central Bank’s quarterly index of real economic activity said the second half of the year showed healthy activity in the sector.

Local sales in cement boosted the construction sector; increases in air and water transportation provided growth for the transportation and storage sector and the wholesale and retail (excluding energy) sector also showed expansion.

In contrast, the energy sector contracted by 1.3 per cent, hampered significantly by reduced production.

Production in crude oil fell by -8.1 per cent, and natural gas fell by -3.6 per cent. The reduced production had a ripple effect along the downstream sectors, which led to declines in refining and petrochemicals.

“Refining activity was set back by contractions in the production of natural gas liquids (NGLs) (by) -8.7 per cent, as well as liquefied natural gas by -3.3 per cent.”

Petrochemical production was impeded by the shutdowns of several plants at the Point Lisas Estate, a symptom of challenges with natural gas availability, the report said.

Methanol production remained resilient, improving by 5.2 per cent, but ammonia declined by 13.3 per cent.

The IMF report suggested that while TT is not back to pre-pandemic levels, it expects even further growth for 2024, noting several energy projects that would be expected to come on stream in the coming months.

https://newsday.co.tt/2024/06/18/non-en ... bs-coming/

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Re: Re: PNM in Gov't

Postby Habit7 » June 20th, 2024, 10:52 am

PNM gains ground in local government by-election
SEAN DOUGLAS YESTERDAY

THE PNM overall gained political ground across both seats in Monday’s local government by-elections, in the Lengua/Indian Walk seat on the Princes Town Regional Corporation and the Quinam/Morne Diablo seat on the Penal/Debe Regional Corporation. While each party won one seat, the results both showed a general shift in the PNM’s favour, in contrast to the surge enjoyed overall in last year’s local government elections, in which the UNC handsomely won the popular vote.

On Monday, the PNM flipped the Lengua/Indian Walk seat (with a 600-vote margin), previously held by the UNC (with a 300-vote margin.)

The PNM won with 1,986 votes to the UNC’s 1,394 votes, compared to 2019, when the UNC won with 1,871 votes to the PNM’s 1,577.

The PNM tally rose by 400 votes and UNC’s fell by 500.

Also on Monday, the PNM halved the UNC’s majority in the Quinam/Morne Diablo seat from a 2,400-vote margin in 2019 to a 1,200 margin.

The UNC won with 2,239 votes ahead of the PNM’s 976 votes. However, this result represented a PNM gain of 400 votes and a UNC loss of 800 votes compared to the previous election results of the UNC's 3,044 votes to the PNM’s 599.

For the PNM, Finance Minister Colm Imbert, in a tweet, said, “In both seats, the UNC was unable to increase its votes. The naysayers got it wrong.”

Newsday asked Lengua/Indian Walk councillor-elect Pastor Autley Granthume why he had won and whether his victory would translate into help for the PNM in next year’s general election.

He told Newsday residents were tired of “blind promises and nothing happening” amid a lack of sport facilities and jobs for youngsters but they knew him as someone helping anyone he could.

On the 2025 elections, he viewed his win as “a stepping stone for the PNM going forward.”

Newsday asked if he believes his win could help the PNM snatch the key marginal Moruga constituency next year, now held by the UNC’s Michele Benjamin.

Granthume said, “We worked with that in mind. We presented the facts to the people. People gravitated and showed their satisfaction. We believe once we continue to work and meet the people’s needs...news spreads across the floor very quickly.

“This will be an incentive as we go forward into the election in 2025.”

Granthume said the victory reflected well on his party.

“The PNM has done well, but sometimes we have some little hiccups. (Previously) the PNM did not reach out in some areas we should have and may have caused some people to slide off.”

He said his win was now “a very good reflection on the PNM.”

Oropouche East MP Dr Roodal Moonilal partially blamed the results on Mayaro MP Rushton Paray. Two days before the by-election, Paray led a slate to contest the UNC internal elections against a slate backed by political leader Kamla Persad-Bissessar.

“Whatever slim loss we had was due to the ‘Paray effect.’”

Accusing Paray of creating “diversion, division and kuchoor” in the UNC, Moonilal said, “That is the effect of it.”

Paray, in reply via WhatsApp, told Newsday Moonilal’s criticism was “desperate and laughable.”

He said the internal election date was set by the national executive, which included Moonilal.

“They unilaterally decided to set the date two days before the by-election, and this decision was made after the Government had already announced the by-election date,” Paray said.

“The internal election could have been scheduled for the end of June, but they chose not to pursue that option.”

Saying the UNC internal election was over, he said a team had been selected.

“It is time to stop making excuses and start working.”

“Blaming others for the poor decision-making or strategies of the executive will not enhance the UNC’s prospects for the general election in 2025.”

https://newsday.co.tt/2024/06/18/pnm-ga ... -election/

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Re: Re: PNM in Gov't

Postby Habit7 » June 20th, 2024, 10:55 am


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Re: Re: PNM in Gov't

Postby zoom rader » June 20th, 2024, 11:04 am

Habit7 wrote:PNM gains ground in local government by-election
SEAN DOUGLAS YESTERDAY

THE PNM overall gained political ground across both seats in Monday’s local government by-elections, in the Lengua/Indian Walk seat on the Princes Town Regional Corporation and the Quinam/Morne Diablo seat on the Penal/Debe Regional Corporation. While each party won one seat, the results both showed a general shift in the PNM’s favour, in contrast to the surge enjoyed overall in last year’s local government elections, in which the UNC handsomely won the popular vote.

On Monday, the PNM flipped the Lengua/Indian Walk seat (with a 600-vote margin), previously held by the UNC (with a 300-vote margin.)

The PNM won with 1,986 votes to the UNC’s 1,394 votes, compared to 2019, when the UNC won with 1,871 votes to the PNM’s 1,577.

The PNM tally rose by 400 votes and UNC’s fell by 500.

Also on Monday, the PNM halved the UNC’s majority in the Quinam/Morne Diablo seat from a 2,400-vote margin in 2019 to a 1,200 margin.

The UNC won with 2,239 votes ahead of the PNM’s 976 votes. However, this result represented a PNM gain of 400 votes and a UNC loss of 800 votes compared to the previous election results of the UNC's 3,044 votes to the PNM’s 599.

For the PNM, Finance Minister Colm Imbert, in a tweet, said, “In both seats, the UNC was unable to increase its votes. The naysayers got it wrong.”

Newsday asked Lengua/Indian Walk councillor-elect Pastor Autley Granthume why he had won and whether his victory would translate into help for the PNM in next year’s general election.

He told Newsday residents were tired of “blind promises and nothing happening” amid a lack of sport facilities and jobs for youngsters but they knew him as someone helping anyone he could.

On the 2025 elections, he viewed his win as “a stepping stone for the PNM going forward.”

Newsday asked if he believes his win could help the PNM snatch the key marginal Moruga constituency next year, now held by the UNC’s Michele Benjamin.

Granthume said, “We worked with that in mind. We presented the facts to the people. People gravitated and showed their satisfaction. We believe once we continue to work and meet the people’s needs...news spreads across the floor very quickly.

“This will be an incentive as we go forward into the election in 2025.”

Granthume said the victory reflected well on his party.

“The PNM has done well, but sometimes we have some little hiccups. (Previously) the PNM did not reach out in some areas we should have and may have caused some people to slide off.”

He said his win was now “a very good reflection on the PNM.”

Oropouche East MP Dr Roodal Moonilal partially blamed the results on Mayaro MP Rushton Paray. Two days before the by-election, Paray led a slate to contest the UNC internal elections against a slate backed by political leader Kamla Persad-Bissessar.

“Whatever slim loss we had was due to the ‘Paray effect.’”

Accusing Paray of creating “diversion, division and kuchoor” in the UNC, Moonilal said, “That is the effect of it.”

Paray, in reply via WhatsApp, told Newsday Moonilal’s criticism was “desperate and laughable.”

He said the internal election date was set by the national executive, which included Moonilal.

“They unilaterally decided to set the date two days before the by-election, and this decision was made after the Government had already announced the by-election date,” Paray said.

“The internal election could have been scheduled for the end of June, but they chose not to pursue that option.”

Saying the UNC internal election was over, he said a team had been selected.

“It is time to stop making excuses and start working.”

“Blaming others for the poor decision-making or strategies of the executive will not enhance the UNC’s prospects for the general election in 2025.”

https://newsday.co.tt/2024/06/18/pnm-ga ... -election/
Locals is much to do about nothing, its just noise


Indo areas under pnm or unc is still staved for funds by PNM.

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Re: Re: PNM in Gov't

Postby zoom rader » June 20th, 2024, 11:09 am

Habit7 wrote:Non-energy sector drives growth: More jobs coming
RYAN HAMILTON-DAVIS YESTERDAY


With the non-energy sector leading the country to economic recovery, the Central Bank’s annual economic report, released on Tuesday, predicted more jobs coming in the sector.

“The non-energy sector is expected to remain buoyant,” the report said. “This may have further positive implications for labour market conditions, including an increase in the labour force participation rate as more people are encouraged to enter the labour market.”

The cautiously optimistic outlook posed by Central Bank came a day before Labour Day, which commemorates the anniversary of the Uriah Butler oilfield riots in 1937.

Overall, the economy showed significant growth, with headline inflation down from 5.8 per cent in 2022 to 4.6 per cent in 2023. The overall domestic economy grew by 2.5 per cent.

Central Bank recorded gross official reserves amounting to US$6.3 billion with 7.8 months of import cover.

This was echoed in the International Monetary Fund (IMF’s) country report.

The IMF’s report said real GDP rebounded in 2022, and it expected further growth in 2023 while headline inflation decreased.

More jobs, higher participation in 2023

The report, which highlighted labour statistics for the past five years (2018-2023) from the Central Statistical Office (CSO), predicts a rebound in employment after employment fell during covid19.

For 2023, Central Bank recorded 578,800 registered jobs. This was out of a total labour force of 602,800 for the year.

This marked an increase over 2022, which, out of a total labour force of 594,600, had 565,300 jobs recorded.

Labour participation in 2023 increased for men, with the Central Bank recording a 64.6 per cent labour participation rate, compared to a 47.1 participation rate among women.

In 2022, the participation rate for men was lower, at 62.7 per cent. But the rate was incrementally higher in 2022, at 47.6 per cent.

The unemployment rate also showed a disparity between genders, with unemployment among males recorded at 3.5 per cent and unemployment among females recorded at 4.6 per cent.

In 2018, employment was at a five-year high, at 609,100 jobs out of a total workforce of 633,900 for that year. The unemployment rate for that year was recorded at 3.9 per cent, with 3.2 per cent of the total labour force who were unemployed being male and 4.9 per cent of the total workforce who were unemployed being female.

In 2021, out of a labour force of 592,200, only 560,400 people had jobs. The unemployment rate for that year was 5.4 per cent overall, with 4.8 per cent being male and 6.1 per cent being female.

The report added that retrenchment notices reported to the Ministry of Labour for the period January-December 2023 indicated that 465 people were retrenched, compared to 980 people in 2022. This showed a 515-person reduction in retrenchments year-on-year.

Retrenchments were reported mainly in the transport, communication and storage sectors, distribution, finance, insurance, real estate, petroleum and other mining and personal service sectors.

While the number of retrenchments went down, the average number of job advertisements published daily in the print media showed a slight increase of 0.6 per cent year-on-year.

The report said despite a decline from 12 per cent in 2022 to 9.5 per cent in 2023, the youth (ages 15-24) unemployment rate remained disproportionately higher than the national average.

“Youth unemployment remains a significant social challenge, with statistics revealing a high incidence of criminal offences perpetrated by persons within this age group. A number of government initiatives, such as the Youth Agriculture Homestead Programme and others by the Ministry of Youth Development and National Service, seek to offer targeted solutions.”

Workers more productive, wages getting better

The report said labour productivity improved in 2023, with high jumps in productivity being recorded, again, in the non-energy sector.

“Excluding the energy sector, the index of productivity increased by 83.5 per cent in 2023, primarily due to elevated levels of production (83.7 per cent) alongside a 0.2 per cent in the index of hours worked,” the report said.

It said increases were recorded in the assembly-type and related products sector at 177.9 per cent and the food processing sector at 10.5 per cent.

There was a recorded growth in the processing of fruit and vegetables by 11.4 per cent and processed meat, poultry and fish by 5.3 per cent. The report said the boost was largely influenced by an uptick in food processing.

Assembly-type and related products got its growth from the production of metal furniture, which increased by 183.2 per cent.

Central Bank also reported declines in production in the printing, publishing and paper converters sectors as well as electricity.

In contrast, the energy sector productivity declined because of reduced levels of production across the domestic energy sector.

“In 2023, the index of domestic production recorded a reduction of 6.2 per cent in the exploration and production of oil and natural gas industry (upstream),” the report said.

As a result, petrochemical production fell 20.3 per cent, but man-hours worked in the industry increased by 0.4 per cent. Increases in man-hours in exploration and production of oil and gas were also recorded at 3.4 per cent.

Central Bank also marked an increase in wages in the non-energy sector, with the manufacturing and wholesale and retail trade sectors receiving the highest average wage increase in 2023, each recording 2.6 per cent increases.

“Wage growth was contained in 2023,” the report said. “Collective bargaining agreements filed with the Industrial Court revealed that the average wage increase in 2023 measured 2.3 per cent, up from two per cent recorded in both 2022 and 2021.”

“In 2023, wage increases ranged from one per cent to four per cent compared to a range of two per cent to three per cent in 2022,” the report said.

Non-energy leading the path to recovery

The report said domestic activity showed signs of revival, with the non-energy sector giving the country an economic boost.

But the energy sector slowed growth.

The report, taking data from the CSO, said real GDP expanded by 2.5 per cent year-on-year.

According to CSO’s figures, the sector grew by 4.2 per cent.

The trade and repair sub-sector, as well as transportation and storage and accommodation and food services, provided significant buffers for the sector overall, the report said.

Central Bank’s quarterly index of real economic activity said the second half of the year showed healthy activity in the sector.

Local sales in cement boosted the construction sector; increases in air and water transportation provided growth for the transportation and storage sector and the wholesale and retail (excluding energy) sector also showed expansion.

In contrast, the energy sector contracted by 1.3 per cent, hampered significantly by reduced production.

Production in crude oil fell by -8.1 per cent, and natural gas fell by -3.6 per cent. The reduced production had a ripple effect along the downstream sectors, which led to declines in refining and petrochemicals.

“Refining activity was set back by contractions in the production of natural gas liquids (NGLs) (by) -8.7 per cent, as well as liquefied natural gas by -3.3 per cent.”

Petrochemical production was impeded by the shutdowns of several plants at the Point Lisas Estate, a symptom of challenges with natural gas availability, the report said.

Methanol production remained resilient, improving by 5.2 per cent, but ammonia declined by 13.3 per cent.

The IMF report suggested that while TT is not back to pre-pandemic levels, it expects even further growth for 2024, noting several energy projects that would be expected to come on stream in the coming months.

https://newsday.co.tt/2024/06/18/non-en ... bs-coming/
All these Jobs are near slave labor with underdeployment,

Working conditions are back to 1930s era.

Nearly all these jobs are short term contracts where they can get rid of you anyhow anytime.

No vacation, no Pensions, no time off, no overtime, no loans from bank, no job security.

You call this development?

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Re: PNM in Gov't

Postby zoom rader » June 20th, 2024, 11:36 am

alfa wrote:
zoom rader wrote:Habit7 is a home invasion a crime?

I noticed he has not answered. Says a lot about this bad habit
Yup a typical PNM, cant answer a simple question.

Tuners really showed him up.

He only had wing & Mero gagglings his balls for support, u could say dumb & dumber

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Re: PNM in Gov't

Postby Habit7 » June 20th, 2024, 4:39 pm

zoom rader wrote:
He only had wing & Mero gagglings his balls for support, u could say dumb & dumber

It undercuts the insult of calling ppl dumb & dumber when you can't spell gargling.

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Re: PNM in Gov't

Postby zoom rader » June 20th, 2024, 8:52 pm

Habit7 wrote:
zoom rader wrote:
He only had wing & Mero gagglings his balls for support, u could say dumb & dumber

It undercuts the insult of calling ppl dumb & dumber when you can't spell gargling.
Thats ok, i is hood and very successful.


But do answer the questions and stop evading like a lil boi.

Is a home invasion a crime?

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Re: PNM in Gov't

Postby 88sins » June 20th, 2024, 10:05 pm

zoom rader wrote:
Habit7 wrote:
zoom rader wrote:
He only had wing & Mero gagglings his balls for support, u could say dumb & dumber

It undercuts the insult of calling ppl dumb & dumber when you can't spell gargling.
Thats ok, i is hood and very successful.


But do answer the questions and stop evading like a lil boi.

Is a home invasion a crime?



Straightforward enough of a question.
And it actually have just as straightforward enough an answer

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Re: PNM in Gov't

Postby paid_influencer » June 20th, 2024, 10:38 pm

mero wrote:*sucks theet*

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Re: PNM in Gov't

Postby adnj » June 21st, 2024, 7:11 am

Whatever crime home invasion is charged as, apparently burglary and break in isn't always charged.

Repost:
Home Invasion is not specifically defined in TT. As a consequence, the incident will be charged according to the components involved (e.g. burglary, armed robbery, assault, and murder).

It is impossible to know the number of home invasions without a count specific to that act.



Six charged with San Fernando home invasion

27 JANUARY 2024

SIX men jointly charged with attempted robbery are expected to appear virtually before a Master of the High Court at San Fernando on Monday.

https://newsday.co.tt/2024/01/27/six-ch ... -invasion/


Almost $1M bail for man facing 10 charges for home invasions

20240403

Malachai Sandy, 20, of El Socorro, appeared virtually before High Court Master Margaret Sookraj-Goswami for both matters.

He first appeared on seven charges including burglary, shooting or wounding with intent to do grievous bodily harm and possession of a firearm.

Sandy faced three charges stemming from a burglary at the New Grant, Princes Town home of Mohan and Shirley Persad, owners of the renowned supermarket chain Persad’s ‘D’ Food King, on October 3, 2023.

https://www.guardian.co.tt/news/almost- ... 05b5879ad4


Two men arrested and charged following home invasion

August 3, 2023

Two men, Daniel Critchlow, 24 and Dillon Critchlow, 26, both of San Fernando, were charged with Being Members of a Gang, Robbery with Violence, Larceny Motor Vehicle and Possession of Ammunition, when they appeared in court yesterday.

https://www.cnc3.co.tt/two-men-arrested ... -invasion/


TTPS: Three policemen charged after alleged home invasion and robbery

Thursday 18 June 2020

Three police officers are expected to appear before an Arima Magistrate on Monday 22nd June 2020, to answer to the charges of misbehaviour in public office and robbery with aggravation.

https://wired868.com/2020/06/18/ttps-th ... d-robbery/

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Re: Re: PNM in Gov't

Postby pugboy » June 21st, 2024, 7:33 am

none and it usually the foot soldiers who get ketch if at all since they are employees of the gang

the gang bosses continue along their merry way

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Re: PNM in Gov't

Postby Habit7 » June 21st, 2024, 8:26 am

adnj wrote:Whatever crime home invasion is charged as, apparently burglary and break in isn't always charged.


Quick reminder. The TTPS data I have been citing is reported crimes. So TTPS receive a report, if they have a suspect They are arrested under a certain law, and if the DPP sees fit they are charged and prosecuted under a certain law. It is possible at all three stages the law can be different.

eg. Christ Must List was arrested under the Anti Gang Act but was charged with Sedition.

Therefore posting a bunch of home invaders being prosecuted as robberies is irrelevant as it doesn't deny what they were initially reported to the TTPS as. Many times the DPP would choose a lesser or greater charge based on the strength or ease of the case.

Nevertheless, as home invasion is not an offence in TT law, the TTPS measures its rise or fall by Burglaries and Breakings. But even if you want to extend it to Robberies, Robberies are also down 1 Jan to 30 Apr 2024 in comparison to the same period last year.

It still doesn't give credence to the claim that home invasions are increasing, which was the premise of the reporter's question.

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Re: PNM in Gov't

Postby The_Honourable » June 21st, 2024, 8:27 am

alfa wrote:
zoom rader wrote:Habit7 is a home invasion a crime?

I noticed he has not answered. Says a lot about this bad habit


He has outstanding questions to answer and when cornered, he switches topic :lol:


Habit7 wrote:
adnj wrote:Whatever crime home invasion is charged as, apparently burglary and break in isn't always charged.


Quick reminder. The TTPS data I have been citing is reported crimes. So TTPS receive a report, if they have a suspect They are arrested under a certain law, and if the DPP sees fit they are charged and prosecuted under a certain law. It is possible at all three stages the law can be different.

eg. Christ Must List was arrested under the Anti Gang Act but was charged with Sedition.

Therefore posting a bunch of home invaders being prosecuted as robberies is irrelevant as it doesn't deny what they were initially reported to the TTPS as. Many times the DPP would choose a lesser or greater charge based on the strength or ease of the case.

Nevertheless, as home invasion is not an offence in TT law, the TTPS measures its rise or fall by Burglaries and Breakings. But even if you want to extend it to Robberies, Robberies are also down 1 Jan to 30 Apr 2024 in comparison to the same period last year.

It still doesn't give credence to the claim that home invasions are increasing, which was the premise of the reporter's question.


Sneaking in your deceptive claims again... again please answer:

From our lowest in 2021 at 1,331 to 1,677 in 2023, is that an increase or decrease?

121 in December 2023 to 137 in April 2024, is that an increase or decrease?

Is Rowley and Hinds using the same stats you are using?

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Re: Re: PNM in Gov't

Postby pugboy » June 21st, 2024, 8:33 am

or denies existence of evidence and then switches into a set of semantics

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Re: Re: PNM in Gov't

Postby maj. tom » June 21st, 2024, 8:41 am

At least he getting paid to waste allyuh time and energy and deflect the entire focus of the forum for political influence.
Me eh know what allyuh getting from all this while knowing all of the above.

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Re: PNM in Gov't

Postby zoom rader » June 21st, 2024, 8:43 am

Habit7 wrote:
adnj wrote:Whatever crime home invasion is charged as, apparently burglary and break in isn't always charged.


Quick reminder. The TTPS data I have been citing is reported crimes. So TTPS receive a report, if they have a suspect They are arrested under a certain law, and if the DPP sees fit they are charged and prosecuted under a certain law. It is possible at all three stages the law can be different.

eg. Christ Must List was arrested under the Anti Gang Act but was charged with Sedition.

Therefore posting a bunch of home invaders being prosecuted as robberies is irrelevant as it doesn't deny what they were initially reported to the TTPS as. Many times the DPP would choose a lesser or greater charge based on the strength or ease of the case.

Nevertheless, as home invasion is not an offence in TT law, the TTPS measures its rise or fall by Burglaries and Breakings. But even if you want to extend it to Robberies, Robberies are also down 1 Jan to 30 Apr 2024 in comparison to the same period last year.

It still doesn't give credence to the claim that home invasions are increasing, which was the premise of the reporter's question.
Habit7 is a home invasion a crime?

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Re: Re: PNM in Gov't

Postby zoom rader » June 21st, 2024, 8:45 am

maj. tom wrote:At least he getting paid to waste allyuh time and energy and deflect the entire focus of the forum for political influence.
Me eh know what allyuh getting from all this while knowing all of the above.
It just shows hes a Cūñţ along with wing & mero

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Re: PNM in Gov't

Postby Habit7 » June 21st, 2024, 8:49 am

zoom rader wrote:
Habit7 wrote:
adnj wrote:Whatever crime home invasion is charged as, apparently burglary and break in isn't always charged.


Quick reminder. The TTPS data I have been citing is reported crimes. So TTPS receive a report, if they have a suspect They are arrested under a certain law, and if the DPP sees fit they are charged and prosecuted under a certain law. It is possible at all three stages the law can be different.

eg. Christ Must List was arrested under the Anti Gang Act but was charged with Sedition.

Therefore posting a bunch of home invaders being prosecuted as robberies is irrelevant as it doesn't deny what they were initially reported to the TTPS as. Many times the DPP would choose a lesser or greater charge based on the strength or ease of the case.

Nevertheless, as home invasion is not an offence in TT law, the TTPS measures its rise or fall by Burglaries and Breakings. But even if you want to extend it to Robberies, Robberies are also down 1 Jan to 30 Apr 2024 in comparison to the same period last year.

It still doesn't give credence to the claim that home invasions are increasing, which was the premise of the reporter's question.
Habit7 is a home invasion a crime?

If you are still asking this question then you are dyslexic.

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Re: PNM in Gov't

Postby zoom rader » June 21st, 2024, 8:49 am

Habit7 wrote:
zoom rader wrote:
Habit7 wrote:
adnj wrote:Whatever crime home invasion is charged as, apparently burglary and break in isn't always charged.


Quick reminder. The TTPS data I have been citing is reported crimes. So TTPS receive a report, if they have a suspect They are arrested under a certain law, and if the DPP sees fit they are charged and prosecuted under a certain law. It is possible at all three stages the law can be different.

eg. Christ Must List was arrested under the Anti Gang Act but was charged with Sedition.

Therefore posting a bunch of home invaders being prosecuted as robberies is irrelevant as it doesn't deny what they were initially reported to the TTPS as. Many times the DPP would choose a lesser or greater charge based on the strength or ease of the case.

Nevertheless, as home invasion is not an offence in TT law, the TTPS measures its rise or fall by Burglaries and Breakings. But even if you want to extend it to Robberies, Robberies are also down 1 Jan to 30 Apr 2024 in comparison to the same period last year.

It still doesn't give credence to the claim that home invasions are increasing, which was the premise of the reporter's question.
Habit7 is a home invasion a crime?

If you are still asking this question then you are dyslexic.
Just say yes or no and stop dancing around


Is a home invasion a crime?

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Re: Re: PNM in Gov't

Postby Habit7 » June 21st, 2024, 9:00 am

Moody's Ratings changes outlook on Trinidad & Tobago to stable, affirms Ba2 ratings

14 Jun 2024
Moody's Ratings

New York, June 14, 2024 -- Moody's Ratings (Moody's) has today changed the Government of Trinidad & Tobago's outlook to stable from positive and affirmed the Ba2 long-term local and foreign currency issuer and senior unsecured ratings.

The change in the outlook to stable is driven by increasing external vulnerability risks as highlighted by the accelerated pace of liquid foreign exchange reserves drawdown observed over the first four months of 2024. The drawdown is the result of declining energy receipts owing to declining gas prices and significant capital outflows, indicating higher than previously anticipated macroeconomic and fiscal adjustment costs for the next two years until large new natural gas developments are projected to come onstream starting 2026 or 2027. These downside risks balance upside risks resulting from the government's continued economic and fiscal revenue diversification effort in light of a mature domestic energy sector and volatile natural gas prices. At the Ba2 rating level, Moody's expects the credit profile to be resilient to potential project delays and increased capital flow volatility around current foreign exchange reserve levels that Moody's expects over the next two years.

The Ba2 rating is supported by a return to sustained positive growth mainly driven by the non-energy sector, following several years of contraction owing to the weak energy sector performance. Fiscal risks related to a relatively high debt burden are mitigated by significant buffers consisting of the Heritage and Stabilization Fund amounting to 20% of GDP, plus cash buffers at a similar amount. The Ba2 rating also takes into account Trinidad & Tobago's moderate external vulnerability, with falling reserves despite large current account surpluses; and moderate institutional and governance strength.

Local currency (LC) and foreign currency (FC) country ceilings remain unchanged at Baa2 and Ba1, respectively. The three-notch gap of the LC ceiling at Baa2 with the sovereign rating reflects the economy's significant exposure to the hydrocarbon sector with spillovers to activity in the non-energy sector, balanced by low exposure to domestic and geopolitical risk. The FC ceiling remains at Ba1. The two-notch gap with the LC ceiling captures potential transfer and convertibility risks reflected in the track record of balance of payments weakness over the past few years, which contributed to reported foreign exchange shortages and has the potential to affect the import capacity of small and medium-sized businesses in the non-energy sector.

RATINGS RATIONALE

RATIONALE FOR THE STABLE OUTLOOK

INCREASING EXTERNAL VULNERABILITY RISKS BALANCE CONTINUED ECONOMIC AND FISCAL REVENUE DIVERSIFICATION EFFORTS

Following a period of foreign exchange reserve stability in 2022 until mid-2023, liquid foreign exchange reserves (defined as gross reserves excluding gold and SDR, FX reserves) have resumed a decade-long downward trend that has further accelerated over the first four months of 2024. This drawdown of FX reserves to $4 billion in April 2024 from $4.9 billion in December 2023 is mainly driven by declining energy receipts owing to declining gas prices and significant capital outflows, exacerbated by the persistent interest rate differential with the US.

Compared to one year before, FX reserves as of April have declined by an unprecedented 28%, indicating a higher than previously anticipated degree of capital flow volatility during the transition phase until large new natural gas developments are projected by the government to come onstream starting 2026 or 2027. The weaker level of FX reserve coverage that Moody's estimates at 5.5 months of imports (based on goods and services imports as of Q3 2023) reduces the economy's external shock absorption capacity in case this trend persists.

These increased downside risks mitigate upside credit pressure related to the government's continued economic and fiscal revenue diversification efforts in light of a mature domestic energy sector and volatile natural gas prices. For instance, despite lower than budgeted energy revenue projected for fiscal 2024 (ending September 2024) according to the government's mid-year review, Moody's projects the fiscal deficit to remain close to the budgeted 2.7% of GDP in light of the government's spending reduction and non-energy revenue raising efforts.

The government is expected to continue fiscal consolidation through revenue enhancing measures such as the establishment of the new Revenue Authority (TTRA), as well as the implementation of property and gaming and gambling taxes. The government also continues to make progress with the gradual phasing out of remaining fuel, electricity and water subsidies with the objective to increase the operational efficiency of public utilities to ultimately reduce the large transfer and subsidies bill which was recorded at about 17% of GDP in fiscal 2023.

RATIONALE FOR THE Ba2 AFFIRMATION

The Ba2 rating is supported by a return to positive growth mainly driven by the non-energy sector and significant fiscal buffers. The Ba2 rating also takes into account Trinidad & Tobago's moderate institutional and governance strength and moderate event risk, including external vulnerability risk. At the Ba2 rating level, Moody's expects the credit profile to be resilient to potential project delays and increased capital flow volatility around current FX reserve levels.

The return to positive growth is mainly driven by the non-energy sector, following several years of contraction owing to the weak energy sector performance as existing fields mature and major new projects are scheduled to come onstream in 2026. The establishment of the EXIM Bank has helped channel scarce foreign exchange for intermediate goods imports for the development of new export markets in particular in the manufacturing sector.

The government's diversification strategy to mitigate mounting carbon transition risks over the next decade includes the launch of a green hydrogen road map in December 2022, as well as the installation of a combined 112-megawatt solar power project — the largest in the Caribbean — to help decarbonize power generation and free up gas for export.

On the fiscal side, Moody's projects the adjusted general government debt ratio (defined as debt of the central government debt plus guaranteed debt of non-self serviced state-owned enterprises and statutory authorities) to increase to 73.4% in fiscal 2024, a relatively high level, and stay at similar levels in fiscal 2025 before declining thereafter, driven by a stronger energy production profile and improved revenue generation capacity. Moody's assessment of fiscal strength and the rating also takes into account the benefits to the government balance sheet from significant fiscal buffers via the Heritage and Stabilization Fund at about 20% of GDP—plus cash buffers at a similar amount—which mitigates fiscal risks.

A solid strength of civil society and the judiciary assessment supports Trinidad & Tobago's institutions and governance strength, reflecting its constitutional system of checks and balances, and institutional transparency. Meanwhile, external vulnerability risk drives the sovereign's moderate event risk exposure, capturing falling FX reserves despite large current account surpluses, together with banking sector risk reflecting potential risks to the government balance sheet stemming from the size of the domestic banking sector and credit unions in case of a systemic crisis.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE RISKS

Trinidad and Tobago's ESG Credit Impact Score at CIS-4 reflects the credit profile's exposure to environmental risk derived from carbon transition risk as a mature carbon producer.

Trinidad & Tobago's (T&T) E-5 assessment is driven by carbon transition risk. T&T is a mature hydrocarbon producer facing a natural production decline, with proven gas reserves covering about 11 years of production. Several large projects that are either underway or that will materialize with a high likelihood over the next five years underpin our expectation of a broadly stable energy production profile over the next decade, including by leveraging T&T's Atlantic LNG infrastructure as regional hub for gas from other producers in the region. However, the overall weak energy production trend weighs on T&T's growth outlook and on the ability to replenish the economy's foreign exchange reserve buffers that have declined over the past decade.

Exposure to social risks at S-3 indicates that social considerations historically have not materially impacted Trinidad and Tobago's credit profile, supported by an ample social safety net and a "very high" tier ranking in the Human Development Index. However, Trinidad and Tobago also records a comparatively high crime rate with almost 30 homicides per 100,000 population in 2021 that could adversely impact the business environment in the future.

The influence of governance on Trinidad and Tobago's credit profile is not material (G-3 issuer profile score) but benefits from significant efforts in recent months to improve data reporting and reduce data limitations and institutional constraints that limit the government's capacity to execute fiscal policy.

GDP per capita (PPP basis, US$): 31,330 (also known as Per Capita Income)

Real GDP growth (% change): 2.4% (2023) (also known as GDP Growth)

Inflation Rate (CPI, % change Dec/Dec): 0.7% (2023)

Gen. Gov. Financial Balance/GDP: -1.4% (2023) (also known as Fiscal Balance)

Current Account Balance/GDP: 8% (estimated 2023) (also known as External Balance)

External debt/GDP: 56.1% (estimated 2023)

Economic resiliency: ba1

Default history: No default events (on bonds or loans) have been recorded since 1983.

On 12 June 2024, a rating committee was called to discuss the rating of the Trinidad & Tobago, Government of. The main points raised during the discussion were: The issuer's economic fundamentals, including its economic strength, have not materially changed. The issuer's institutions and governance strength, have increased. The issuer's fiscal or financial strength, including its debt profile, has not materially changed. The issuer's susceptibility to event risk has not materially changed but external vulnerability risk has increased.

FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS

T&T's rating would likely be upgraded if government measures prove effective in addressing the weakening energy production trend with a boost to domestic oil or gas production or by accessing gas supplies from neighboring countries. These elements would support growth and economic resiliency, providing the government with additional room to make continued progress with the structural economic diversification agenda, while containing external vulnerability risks. A track record of continued primary surpluses as targeted by the government that places adjusted general government debt/GDP on a downward trajectory would further strengthen the sovereign credit profile.

Conversely, a further substantial drawdown of foreign-exchange reserves as a result of capital outflows would adversely affect the sovereign credit profile, as would the stalling of fiscal reforms — for example, fuel subsidy reform and tariff liberalization — resulting in a sustained build-up in the debt ratio.

https://www.moodys.com/research/Moodys- ... -PR_488648

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