AGP Executive Report
Last update: 3 hours agoBudget Watch: Finance Minister Davendranath Tancoo presents the 2027 budget tomorrow amid job worries and weak growth forecasts. Business voices are calling for a credible plan to ease foreign-exchange constraints, support investment and use any energy windfall for lasting gains. Energy Jobs: Nutrien’s Point Lisas operations remain idle and Proman has sent 100 workers home, adding to more than 450 direct petrochemical-sector job losses over the past year. Short-term gas contracts are also clouding investment and maintenance planning as NGC’s next terms approach. Offshore Contract: EnerMech won Subsea7 work on the Ginger development, providing pre-commissioning services and a boost for local participation in offshore activity. Regional Trade: CARICOM teams will assess whether the region can supply paints, cement, glass bottles and bitumen, informing future tariff decisions. Business Costs: Industry stakeholders want the Government to reconsider doubled duties on alcohol and tobacco, which Angostura says weighed on revenue and profits.
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