Finance

Imbert: NCC funding done with tried and tested process

Finance Minister Colm Imbert is denying a media report that his ministry has been “arbitrarily” determining funding for Carnival whilst having no transparent processes for application and receipt of Carnival funding by entities.

In a statement issued Tuesday morning, the ministry said that all requests for funding to the ministry must be document-supported and submitted by clear deadlines.

PSA, Finance Ministry talk on progress of Revenue Authority

Minister of Finance Colm Imbert and PSA president, Watson Duke, have agreed to draft a Memorandum of Understanding on the structure of the proposed Trinidad and Tobago Revenue Authority. 

The decision came via a meeting of the ministry and the PSA on Wednesday.

Legislation on the authority is now before a Joint-Select Committee of Parliament and requires a special majority vote.

Minister Imbert said the two parties discussed issued of job security and employee benefits, as well as union representation, the health plan and pension plan.

Ban on importation of certain seeds is not new - Finance Ministry

The Ministry of Finance says a ban on the importation of certain types of seeds, is not a new initiative.

The ministry issued a statement on the ban on Wednesday.

"The Hon. Colm Imbert, Minister of Finance, has taken note of recent commentary on the importation of certain items into Trinidad and Tobago, and the mistaken belief that these import restrictions have only recently occurred.

Farewell! One-cent coin ceases to be legal tender at midnight

For many, it's been somewhat of the nuisance in the wallet, the smallest monetary representation in T&T with minimal use, the one-cent coin.

But if ever it needed your love, one last time, it would be today. 

As of tomorrow, Tuesday, July 3rd, the one-cent coin will cease to be legal tender in Trinidad and Tobago.

The Central Bank had said in a statement on April 1, 2018, that the public could redeem one-cent coins at commercial banks or the Central Bank up to July 2, 2018.

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