Tag Archives: Politics

COP, General T&T, PNM, Politics

Prakash warns: Property tax can be a ‘debt burden’

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By Richardson Dhalai
January 11, 2016 – newsday.co.tt

HouseTHE succesfully lobbied to “Axe the Tax” now Congress of the People political leader Prakash Ramadar is warning that the proposed Property Tax of the current People’s National Movement administration can transform an inheritance to a “debt burden.” Ramadhar was speaking at the COP’s first post-national council press conference for 2016 at the party’s Operations Centre in Charlieville.
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General T&T, PNM, Politics

Capitalist Financiers in Charge Now

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By Stephen Kangal
January 11, 2015

Stephen KangalMinisters Shamfa Cudjoe and Robinson-Regis labored to point out that the PNM was in charge, albeit ostensibly of T&T now. But it seems to me that having regard to the sudden, unprecedented ideological shift of the PNM in drifting away irretrievably from its traditional ”small-man” ideological moorings initiated by the late founder in 1956 to being sucked at present into the vortex and held securely in the vice of big business, it has to do the bidding of its capitalist campaign financiers members of the urban Chamber of Commerce and the Bankers Association.
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General T&T, PNM, Politics

PM Rowley Should Have Been Here

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By Stephen Kangal
January 02, 2015

Stephen KangalAny PM who claims to be a plain old fashioned leader after delivering a much awaited First Address to the Nation had a duty of care and indeed a political obligation to obtain first hand and as they are articulated, the reaction of the people to his prescription albeit diffused, to the package of adjustment measures that represent his diagnosis of the economic and financial ailment besieging T&T.
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Finance, General T&T, PNM, Politics, Recession, UNC

‘do so ent like so’

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By Raffique Shah
December 29, 2015

Raffique ShahI am surprised that so many people are surprised by the termination of services-firing, suspension, the euphemistically-couched “sent on administrative leave”-of several senior government officials, the most prominent being Governor of the Central Bank, Jwala Rambarran.

Clearing the politically-constructed State-stables of partisan appointees is a ritual that occurs every time a government changes.
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Crime in T&T, Finance, General T&T, Media, Opposition Party, PNM, Politics, Recession, UNC

Why Jwala had to go

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By Anthony Wilson
December 26, 2015 – guardian.co.tt

Jwala RambarranAt its weekly meeting on Wednesday, Cabinet took a decision to request the President to terminate the appointment of former Central Bank Governor, Jwala Rambarran, in accordance with sections 12(e) and 12(g) of the Central Bank Act, Finance Minister Colm Imbert said in a statement on Thursday.
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Finance, General T&T, Opposition Party, PNM, Politics, Recession, UNC

The Pathology of the Firing of Jwala

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By Stephen Kangal
December 25, 2015

Stephen KangalThe pathological obsession of the PNM with pre-maturely removing Jwala as Governor of the CBTT has caused them to act in a most irresponsible, reckless, arbitrary and vulgar manner at this the season of goodwill and peace on the earth of Trinbago. T&T is plunged into an air of sadness and deep cataclysmic foreboding. A lamb has been led into the slaughter again even when birth is being celebrated universally.
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Finance, General T&T, Media, PNM, Politics

Govt axes Rambarran

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By Renuka Singh
December 24, 2015 – guardian.co.tt

Jwala RambarranCentral Bank Governor Jwala Rambarran has been fired. The T&T Guardian confirmed that Rambarran was dismissed by the Minister of Finance, Colm Imbert yesterday.

Word of this unprecedented dismissal came late last night, but only one day after Prime Minister Dr Keith Rowley said that a Government “ought to have confidence” in any Central Bank Governor. That comment and his refusal to give any ground to Rambarran made clear that he did not have any confidence in the Governor.
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Finance, General T&T, PNM, Politics, Recession

Whey the money really gone

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By Raffique Shah
December 14, 2015

Raffique ShahCentral Bank governor Jwala Rambarran was the unlikeliest man to kick the hornets’ nest, but that he did when he named the firms that used the most foreign exchange (forex) over the past three years.

Amidst a cacophony of complaints from businesses and individuals about being denied adequate sums of forex for legitimate uses, Rambarran went on the offensive by identifying the 18 biggest users.
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General T&T, Parliament, PNM, Politics, Recession, UNC

Debt — legacy to our grands

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By Ian Lambie
December 16, 2015 – newsday.co.tt

DebtWE SHOULD all be ashamed, whether we be parliamentarian or proletariat who elected them to Parliament and permitted them to do their own thing for five years, that our legacy to our grandchildren and to our great-grandchildren will be: debt.

Since 2009 and up to 2015, our country has been spending more than it earned by approving deficit Budgets, with one exception — in 2010.
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Finance, General T&T

Ecology of Central Bank’s Governor Disclosures

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By Stephen Kangal
December 12, 2015
Updated: December 13, 2015

Stephen KangalThe ratio dicendi identified by Governor Jwala Rambaran for the historic and unprecedented disclosures of the highest users of the scarce, rapidly dwindling and vital stock of FOREX over the past three years may be summarized as high and compelling public interest, potential threat to the integrity of the sensitive and fragile current financial system and the CBTT’s own core remit as clearly set out in statutes and objects.
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