Business Watch: Gov't takes issue with statement by T&T chamber on VAT refunds

The Chamber of Industry and Commerce is saying that it's aware that government is in a difficult financial situation and that could be affecting the payment of VAT refund to businesses.

However, the chamber says it wants to see evidence on the actual figure owed to businesses. This after the government is taking issue with a $5.5bn figure raised in an IMF report.

And the National Flour Mills is scheduled to meet with its line minister tomorrow to discuss the possible increase in flour prices.

Judy Kanhai has more in Business Watch.