No new increase to WASA rates

WASA has issued an official statement concerning rumours circulating in social media, that water rates will be increased soon. The statement reads as follows:

“The Water and Sewerage Authority (the Authority) has taken note of certain publications being circulated on social media. In this regard the Authority wishes to advise customers and the public that there has been no new increase to its rates and it applies rates as approved by the Regulated Industries Commission under the Public Utilities Commission (PUC) Order #83 of 1993. 

Minister: Schools deserve increase

Education Minister Anthony Garcia yesterday admitted that principals of private secondary schools deserve an increase in students’ school fees, but he’s promising to have the matter ironed out by the end of next month.

“We have no fight with the principals of private schools. I am willing to work with them to see how best we can resolve this,” Garcia said when asked at yesterday’s post-Cabinet media briefing if there was an impasse between the ministry and the principals.

Maxi fare increase for Diego Martin, Petit Valley, Carenage travellers

Commuters using maxi taxis from Port-of-Spain to Western districts, will face an increase in fares from February 6th.

The Route 1 MaXI Taxi Association announced the increase in fares this morning, via the following statement:

"The Executive of Route 1 Maxi Taxi Association on behalf of its members wishes to advise the travelling public as follows.

After careful consideration and lengthy deliberations concerning our fares we have arrived at the conclusion that we are left with no choice at this time other than to restructure them.

Flow cables rates to increase again, wiping out customer gains from drop in VAT

Effective September 1st, Flow customers will see a 6.3 percent increase in their residential cable packages.

The announcement was made on Flow's website today.

The new prices not only wipe out the benefits given to customers from the drop in VAT, but customers will now be required to pay more than they were paying, before VAT fell.

9.4% increase in prices of food, non-alcoholic beverages in last 12 months

Food and non-alcoholic drinks have seen the biggest price increases over the last 12 months, according to figures released by the Central Statistical Office.

The survey measured prices between June 2015 and June 2016. 

The prices of food and non-alcoholic beverages rose by 9.4%.

Communication saw the next highest price increase, rising 8.3%

Prices at hotels, cafes and restaurants went up 4.8%, the cost of health increased 4.2% and transport increased 4.1%.

Other increases include;

Clothing and Footwear - 3.7%

RBC Royal Bank defends decision to increase fees

RBC Royal Bank has defended its decision to increase fees for personal and business banking services, saying the new rates are within industry standards. 

In emailed responses to questions from the T&T Guardian, the bank said its competitive edge will not be diminished by the adjustments to its rates which are due to take effect on May 31 and June 17.

RBC’s revised schedule of fees and charges include a $1 increase in standing orders to $7. The fee for initial set up of a standing order, as well as for amendments to a standing order, has been increased to $10.