AGP Executive Report
Last update: 2 hours agoState Finances: The non-financial public sector posted a $1.27 billion operating surplus in the first eight months of fiscal 2026, nearly double the year-earlier result, helped by stronger energy companies. National Energy also recovered US$780,000 in unpaid charges from Well Services. Economic Outlook: The CSO reported GDP fell 1.8% in the first quarter, as the recession debate continues. Economists are calling for a coordinated growth strategy, less reliance on transfers and stronger productive sectors. State Assets: Government is seeking buyers for Hilton Trinidad and Magdalena Grand, which together recorded $246 million in losses over 10 years; ministers have also left open the possibility of other divestments. Banking: Republic Financial faces questions after director Edward Ince resigned and CEO-designate Richard Sammy departed, prompting economists to warn of uncertainty for investors and customers. Labour: Unions plan an October 30 protest over stalled wage talks, salary arrears and displaced workers.
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