Established in October 1981, the Trinidad and Tobago Stock Exchange (TTSE) played a key role in socialising the benefits of economic growth that followed the discovery of hydrocarbons reserves in the 1960s. During the 1980s and 1990s the government encouraged local equity ownership of banks, conglomerates and manufacturing firms that profited from the oil boom, allowing Trinbagonians to share in the rewards in the form of investments, pensions and mutual funds. In the following 35 years…
From The Report: Trinidad & Tobago 2017
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Following the 6% fall of Trinbagonian stocks in 2016, fund managers agreed that 2017 would bring further but more modest losses. Manufacturers and exporters in Trinidad and Tobago that incorporate local materials and have a strong brand could benefit from a weaker T&T dollar in 2017. With the national buy-and-hold mentality enduring, the expected listing of further tranches of First Citizens Bank and National Gas Company subsidiary NGL would bring some welcome trading activity in 2017. Nevertheless, the likelihood of continued high T&T dollar liquidity remains the central challenge to developing deeper and more liquid capital markets.
This chapter contains an interview with Subhas Ramkhelawan, Managing Director, Bourse Securities.