Are Investors Leaving Trinidad ?

[RedVEVO]

The Manning Administration had a vision of International Financial Trinidad .

But to date many international companies have left Trinidad .

Is this a sign for the future of Trinidad ?

Are we becoming Venezuela ?


Example:

http://www.trinidadexpress.com/20170201 ... p-for-sale

Asked for the reasoning for selling, the spokesperson said:

“The owner is doing other business and he doesn’t have a manager and people to run the place. It’s hard to get work permits for Chinese people so if somebody buys the restaurant it will be easy for them to hire local people.”

[RedVEVO]

Mital the billion $$ international steel company is gone .

BP with its billions USD is not building Oil Platforms with TT workers

Sandals is not coming to Tobago . They are being courted by other Caribbean Islands.

Movie Towne opened in Guyana

Pollo Tropical is gone

Denny's is gone

Does our future look bleak as an international investors' paradise ?

[D Diesel Report]

No worries. Baldhead and Small man just need to give their financers all the USD currency and they will make things better. A few locals will perish but PNM will remain PNM and what alone will keep things moving smoothly in 2020.

Plus the good news is that Kamla won the internals. So they have their ultimate opposition cockblock for the next election too. No pesky thinkers and ideologists this rounds, not at all. haha.

[The_Honourable]

Re: Budget 2017-2018: Global Competitiveness Report stated that difficulty to do business in T&T is caused by: Poor work ethic by the labor force, bureaucracy in the state sector, corruption, crime, and forex regulation. Unions need to help improve productivity levels.

Unions on the "socialism" bandwagon...

Well don't talk about the efficiency at the ports... abysmal...

Other investors hoarding US outside the country because they realize the government doesn't have a plan for the economy in addition too...

We flirting with the IMF...

Can't blame investors red flagging T&T at all and checking out other jurisdictions to do business.

[RedVEVO]

^^^^

You cannot act like an Island in 2017-2018 without Global Investments .

Anybody understand the financial logic ?

Everyday the Gov't says we are a "poor country" - Gov't cannot pay bills.

Are we becoming Venezuela ?

[*$kїđž!™]

On a side note...is flavourite and cold stone operational now?

[zoom rader]

Wow so other governments attracts investors and Rowley runs them away.

Good going Trinis continue voting PNM

[RedVEVO]

Wow so other governments attracts investors and Rowley runs them away.

Good going Trinis continue voting PNM

It is a team effort

[mamoo_pagal]

On a side note...is flavourite and cold stone operational now?

favorite seeing trouble to get USD to buy ingredients, they seeing pressure. But on another note once the TT$ depreciate there may be an influx of "foreign" investment............let's see if the strategy works. A couple mega conglomerates to rule them all.....

[Dizzy28]

The Manning Administration had a vision of International Financial Trinidad .

But to date many international companies have left Trinidad .

Is this a sign for the future of Trinidad ?

Are we becoming Venezuela ?


Example:

http://www.trinidadexpress.com/20170201 ... p-for-sale

Asked for the reasoning for selling, the spokesperson said:

“The owner is doing other business and he doesn’t have a manager and people to run the place. It’s hard to get work permits for Chinese people so if somebody buys the restaurant it will be easy for them to hire local people.”

Tbh we probably could go with less restaurants in the country.

[eliteauto]

this thread is full of the misinformation consistent with the OP, surprisingly ( or not) he finds support with tuners either not thinking or with an agenda. Me Asia never sold.

Mital the billion $$ international steel company is gone . Owing to the damping of demand of the steel market

BP with its billions USD is not building Oil Platforms with TT workers. Yet they have committed to further exploration and expansion in T&T to the tune of $billions

Sandals is not coming to Tobago . They are being courted by other Caribbean Islands. No confirmation of them not coming, Tobago has just lost it's priority in light of hurricane repairs and a better reception from other islands. However Sandals was the management the resort still needs a PPP agreement ( there are 2 dedicated investors both local) who want to build the resort
Movie Towne opened in Guyana. An expansion of a local franchise in another country

Pollo Tropical is gone Allegedly no $US, in reality that group behind them went bust and decided to reform their investments

Denny's is gone Crappy business that went bust ( you know that happens right OP?). Also part of the group's reformation

Does our future look bleak as an international investors' paradise ?

Investment in T&T is stagnant because the Gov't is not sending signals of optimism. Their policies are designed to stabilise however stabalistion is stagnation, they need to excite the private sector in order to get the excess liquidity circulating. In 2018 much of the local investment is going to be in housing and shopping malls. Retail sector will have some movement owing to occupancy in the new malls. The Gov't capital investment programmes seem focused on infrastructural works namely highways for which funding is forthcoming through the IADB.

Going back to Manning's vision as an IFC, that went bust owing to politics and the lack of ease at doing business and endemic corruption. Trinidad is uniquely poised to become an IFC or even better shift to a services economy however we don't have the visionary and bold government or political parties capable of making it a reality nor do we have the citizenry willing to make it happen as we're too busy with polarization, partisanship and racism

[Redman]

60-70 oil and 3+ gas will help the election budgets of 2018-2020

Investors come and go usually at the same time.

It follows that there be adjustment after the 2014 oil price collapse and years of deficit budgets.

but its the shallow news that excites the shallow minds....

We need to copy EXACTLY how Jamaica is marketing itself as a BPO center-however we need to look to LATAM/ Africa as well and replicate the IFC concept(which i disagreed with) of using our geographic location to encourage a meeting of the worlds as they are.

2012 ish
African students came here to be trained by American teachers in aspects of the oil sector.

VISA restrictions and the cost in general made it hard to send them to the US
The yanks didnt want to work in Nigeria for small money-Trinidad was a perfect solution.

Trinidad can provide the EXACT course content at about half the cost.
And we benefit from the business of supporting the students here.


Today
any MENA/Asian/African/LATAM and soon European person-finds it hard to get to the US
This can be replicated in Med,Bus,Law,Industry,Vocational etc etc etc.

[zoom rader]

this thread is full of the misinformation consistent with the OP, surprisingly ( or not) he finds support with tuners either not thinking or with an agenda. Me Asia never sold.

Mital the billion $$ international steel company is gone . Owing to the damping of demand of the steel market

BP with its billions USD is not building Oil Platforms with TT workers. Yet they have committed to further exploration and expansion in T&T to the tune of $billions

Sandals is not coming to Tobago . They are being courted by other Caribbean Islands. No confirmation of them not coming, Tobago has just lost it's priority in light of hurricane repairs and a better reception from other islands. However Sandals was the management the resort still needs a PPP agreement ( there are 2 dedicated investors both local) who want to build the resort
Movie Towne opened in Guyana. An expansion of a local franchise in another country

Pollo Tropical is gone Allegedly no $US, in reality that group behind them went bust and decided to reform their investments

Denny's is gone Crappy business that went bust ( you know that happens right OP?). Also part of the group's reformation

Does our future look bleak as an international investors' paradise ?

Investment in T&T is stagnant because the Gov't is not sending signals of optimism. Their policies are designed to stabilise however stabalistion is stagnation, they need to excite the private sector in order to get the excess liquidity circulating. In 2018 much of the local investment is going to be in housing and shopping malls. Retail sector will have some movement owing to occupancy in the new malls. The Gov't capital investment programmes seem focused on infrastructural works namely highways for which funding is forthcoming through the IADB.

Going back to Manning's vision as an IFC, that went bust owing to politics and the lack of ease at doing business and endemic corruption. Trinidad is uniquely poised to become an IFC or even better shift to a services economy however we don't have the visionary and bold government or political parties capable of making it a reality nor do we have the citizenry willing to make it happen as we're too busy with polarization, partisanship and racism

But your PNM prime Minster in charge so that is not misinformation

[RedVEVO]

this thread is full of the misinformation consistent with the OP, surprisingly ( or not) he finds support with tuners either not thinking or with an agenda. Me Asia never sold.

Mital the billion $$ international steel company is gone . Owing to the damping of demand of the steel market

BP with its billions USD is not building Oil Platforms with TT workers. Yet they have committed to further exploration and expansion in T&T to the tune of $billions

Sandals is not coming to Tobago . They are being courted by other Caribbean Islands. No confirmation of them not coming, Tobago has just lost it's priority in light of hurricane repairs and a better reception from other islands. However Sandals was the management the resort still needs a PPP agreement ( there are 2 dedicated investors both local) who want to build the resort
Movie Towne opened in Guyana. An expansion of a local franchise in another country

Pollo Tropical is gone Allegedly no $US, in reality that group behind them went bust and decided to reform their investments

Denny's is gone Crappy business that went bust ( you know that happens right OP?). Also part of the group's reformation

Does our future look bleak as an international investors' paradise ?

Investment in T&T is stagnant because the Gov't is not sending signals of optimism. Their policies are designed to stabilise however stabalistion is stagnation, they need to excite the private sector in order to get the excess liquidity circulating. In 2018 much of the local investment is going to be in housing and shopping malls. Retail sector will have some movement owing to occupancy in the new malls. The Gov't capital investment programmes seem focused on infrastructural works namely highways for which funding is forthcoming through the IADB.

Going back to Manning's vision as an IFC, that went bust owing to politics and the lack of ease at doing business and endemic corruption. Trinidad is uniquely poised to become an IFC or even better shift to a services economy however we don't have the visionary and bold government or political parties capable of making it a reality nor do we have the citizenry willing to make it happen as we're too busy with polarization, partisanship and racism

But your PNM prime Minster in charge so that is not misinformation

PM crash-lands on Sakaar, a garbage planet surrounded by wormholes

There is currently no Foreign Investment in TT.

Shopping malls in TT ?

Shopping Malls going to other countries - Movie T in Guyana .

Online shopping is better since more competitive pricing and better choice of quality .

We are becoming a "dumping ground" for useless products in Trini .

Gov't inclusive

[Redman]

and while you complaining-many others investing re tooling and progressing.

You wait for the government to make it perfect.....

[Turbostarr]

On a side note...is flavourite and cold stone operational now?

Yes Flavourite is back out! Had some strawberry over the weekend.

[RedVEVO]

On a side note...is flavourite and cold stone operational now?

Yes Flavourite is back out! Had some strawberry over the weekend.

Of all the flavors you pick strawberry ?

Well that says a lot about you

[cornfused]

In short no , that is all this this thread deserves. Misinformation from a political mouth piece.

[zoom rader]

and while you complaining-many others investing re tooling and progressing.

You wait for the government to make it perfect.....

Yeah and who are these people ?
From what I am seeing ppl are leaving fear of the PNM crime problem and ill management

[RedVEVO]

and while you complaining-many others investing re tooling and progressing.

You wait for the government to make it perfect.....

Yeah and who are these people ?
From what I am seeing ppl are leaving fear of the PNM crime problem and ill management

I agree with Zoomy .. Lots of properties for sale in POS

[Redman]

Study ZR...there are some decent buildings going up all.over Sando.

But more importantly...Make a definitive connection between properties for sale and people leaving.
Other than an obviously biased POV.

[RedVEVO]

Study ZR...there are some decent buildings going up all.over Sando.

But more importantly...Make a definitive connection between properties for sale and people leaving.
Other than an obviously biased POV.

The rich young people leaving Trini . And their family have left long ago.

The rich just use TT as a store front.

Similar to Venezuela and Cuba .

It is the low income people that have no choice .

PNM supporters . Believing in dreams

[Redman]

Ah ok...thx.

[RedVEVO]

Ah ok...thx.

And they taking their money with them

Hence Forex problem .

[De Dragon]

Study ZR...there are some decent buildings going up all.over Sando.

But more importantly...Make a definitive connection between properties for sale and people leaving.
Other than an obviously biased POV.

So who are these investors? How come we don't hear Imbecilert and JUHN Scarfy talking about them?

[RedVEVO]

Study ZR...there are some decent buildings going up all.over Sando.

But more importantly...Make a definitive connection between properties for sale and people leaving.
Other than an obviously biased POV.

So who are these investors? How come we don't hear Imbecilert and JUHN Scarfy talking about them?

Anything South of Caroni is of no concern

[88sins]

RedVEVO to answer your original query, yes. But you all seem to not fully comprehend the why.
when international investors arrive here o set up shop, they invest USD. & they expect that when they make their profits, they can make back that USD, & if not the initial currency they invested with then they'd be happy to utilize the next currency above theirs. With the recent forex shortage, they can't get a decent return on their investment to pay out to their respective international corporation heads that have zero use for TTD & TTD is all these local branches of international companies can make. So the easiest thing for these parent companies to do to minimize further losses, instead of injecting further USD investments into these local branches for them to b able to import goods to make more TTD that parent companies have no use for, is to shut them down & cut their losses.
With a forex shortage such as ours, what with a lot of USD spending that exceeds our revenue generating capabilities at this time, this country's economy is being viewed as very unstable. Many are watching & waiting for this economy to crash & burn. No company wants to invest in that, so new investors aren't likely, at least not without some substantial concessions & improvements (think substantial tax breaks, tariff & duty waivers, cheap skilled labor, cheap transport costs, zero security issues etc). So don't expect those that left or were willing to come here & changed their minds to decide to come set up shop.

Unless the asses that be pull their heads out of each others butt cracks cracks & start seriously encouraging & assisting entrepreneurs & business people to develop & expand industries that are internationally marketable so that we can earn forex without oil and gas, NOBODY is going to want to come here or stay here.

[Redman]

Investors leave all the time.
Amoco,Texaco,RBC,Barclays,Citi.MacDonalds
All left.

Was it a good decision?
All came back in some way...

It's not a binary decision ....compliance,corporate strategy,world economy all input influence on their decisions to operate here.

No major project has a 5 year horizon so political changes are not a deciding factor.once the system is not violently interrupted.
People are leaving and there are people looking to come in all the time

Of course your disposition towards the current party in power will always color your conclusions

[zoom rader]

RedVEVO to answer your original query, yes. But you all seem to not fully comprehend the why.
when international investors arrive here o set up shop, they invest USD. & they expect that when they make their profits, they can make back that USD, & if not the initial currency they invested with then they'd be happy to utilize the next currency above theirs. With the recent forex shortage, they can't get a decent return on their investment to pay out to their respective international corporation heads that have zero use for TTD & TTD is all these local branches of international companies can make. So the easiest thing for these parent companies to do to minimize further losses, instead of injecting further USD investments into these local branches for them to b able to import goods to make more TTD that parent companies have no use for, is to shut them down & cut their losses.
With a forex shortage such as ours, what with a lot of USD spending that exceeds our revenue generating capabilities at this time, this country's economy is being viewed as very unstable. Many are watching & waiting for this economy to crash & burn. No company wants to invest in that, so new investors aren't likely, at least not without some substantial concessions & improvements (think substantial tax breaks, tariff & duty waivers, cheap skilled labor, cheap transport costs, zero security issues etc). So don't expect those that left or were willing to come here & changed their minds to decide to come set up shop.

Unless the asses that be pull their heads out of each others butt cracks cracks & start seriously encouraging & assisting entrepreneurs & business people to develop & expand industries that are internationally marketable so that we can earn forex without oil and gas, NOBODY is going to want to come here or stay here.

The 1% are so called locals and they deal in TT$ but take profit in US and bank that abroad .

[RedVEVO]

RedVEVO to answer your original query, yes. But you all seem to not fully comprehend the why.
when international investors arrive here o set up shop, they invest USD. & they expect that when they make their profits, they can make back that USD, & if not the initial currency they invested with then they'd be happy to utilize the next currency above theirs. With the recent forex shortage, they can't get a decent return on their investment to pay out to their respective international corporation heads that have zero use for TTD & TTD is all these local branches of international companies can make. So the easiest thing for these parent companies to do to minimize further losses, instead of injecting further USD investments into these local branches for them to b able to import goods to make more TTD that parent companies have no use for, is to shut them down & cut their losses.
With a forex shortage such as ours, what with a lot of USD spending that exceeds our revenue generating capabilities at this time, this country's economy is being viewed as very unstable. Many are watching & waiting for this economy to crash & burn. No company wants to invest in that, so new investors aren't likely, at least not without some substantial concessions & improvements (think substantial tax breaks, tariff & duty waivers, cheap skilled labor, cheap transport costs, zero security issues etc). So don't expect those that left or were willing to come here & changed their minds to decide to come set up shop.

Unless the asses that be pull their heads out of each others butt cracks cracks & start seriously encouraging & assisting entrepreneurs & business people to develop & expand industries that are internationally marketable so that we can earn forex without oil and gas, NOBODY is going to want to come here or stay here.

The 1% are so called locals and they deal in TT$ but take profit in US and bank that abroad .

The 1% have been doing this for years and years now

And the Banks help them .

Hence the 99% is of no concern to the Banks.