AGP Executive Report
Last update: an hour agoEnergy: ExxonMobil has completed its 3D seismic survey of the 7,165-square-kilometre ultra-deepwater block, with analysis to identify drilling targets advanced. The Government is also assessing investor proposals for a phased restart of the Pointe-a-Pierre refinery, with a procurement process expected this fiscal year. Budget & Taxes: The TT$63.4-billion 2027 budget introduces 12.5% VAT on foreign digital services from March and an electricity surcharge for high-use households from January. The measures are expected to raise TT$18 million and TT$17.8 million respectively, but tax experts say details remain unclear and consumers may face higher costs. Tobago Investment: The new ANR Robinson Airport terminal can handle up to three million passengers a year, while a privately financed TT$540-million Marriott resort is expected to create up to 800 permanent jobs. Government also plans to sell several state assets, including National Quarries, LABIDCO and two hotels. Manufacturing & Labour: Non-energy manufacturing grew 11.6% in the first half of 2026, and the TTMA is urging stronger support for continued growth. Angostura workers have rejected a 4% wage offer and warn of possible industrial action.
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