The Filmmakers Collaborative of Trinidad and Tobago (FILMCO) says it has taken note of the supplemental increase in allocation to The Film Company of Trinidad and Tobago (FilmTT) – to TT$2.5 million – in the budget presentation by the Minister of Finance Colm Imbert for the 2017/2018 financial year.
President of the Trinidad and Tobago Members Club Association (TTMCA), Sherry Persad has announced that some casinos have decided to immediately close their doors as a result of the new tax measures introduced in the 2018 Budget.
Persad said the decision came at a meeting held at 1pm today to discuss the measures.
They are also calling on the Opposition to withhold support for the Gambling Bill.
Persad issued the following statement after today's meeting:
The Trinidad and Tobago Members Club Association (TTMCA) is describing the increases in taxation in the sector as an act of bad faith.
The association says the government appears to have singled out the gaming industry as one of the few areas of the national economy to bear the burden of the nation’s economic challenges.
The group says in the last 18 months the gaming industry has suffered a tremendous down-turn and casinos have begun to reduce not only staff but also overall expenditure.
Forbes released Wednesday its 2017 list of Hip-Hop’s Wealthiest Artists – these five artists have a combined net worth of approximately $2.57 billion.
Diddy (No.1) retains his top spot as the richest artist in Hip-Hop, closing in on billionaire status on account of his lucrative deal with Diageo’s Ciroc, as well as huge stakes in TV network Revolt.
The financial news outlet estimates his net worth to be $820 million, marking his seventh consecutive year on top of the list.
Soca artistes Machel Montano and Bunji Garlin are advising young people to never be afraid to step out and live their dreams in the entertainment industry.
And if there were any questions about whether or not the unity the two artistes displayed during Trinidad and Tobago's 2017 Carnival, they continue to show their comradery as they prepare to perform together in The Bahamas on the weekend.
Machel and Bunji are listed to perform at the Bahamas Junkanoo Carnival fete on Friday night, which is a precursor to the street parade.