Category: Finance and the Economy

Consumer Affairs Seminar

The Consumer Affairs Unit within the Division of Finance and the Economy will host “Going Beyond the Pay Cheque’ on February 12 at the Penthouse, Victor E. Bruce Financial Complex from 8:00 a.m. to 12:00 p.m. The goal is to improve how customer service is provided to consumers on the island. It is aimed at…

Giving Youth A Head Start

The Division of Finance and the Economy continues to support entrepreneurship, given its importance to the island’s economic growth, through its training programmes and by providing initiatives to help Tobagonians build business acumen. During the recent post Executive Council media briefing (November 27, 2019), Secretary of the Division of Finance and the Economy, Joel Jack,…

Tobago 2020 Allocation

The Tobago House of Assembly (THA) will debate the island’s budgetary allocation later this month. On November 28th, the motion on Tobago’s budgetary allocation for fiscal 2020 will be tabled at the Assembly Legislature. Finance Secretary Joel Jack said post-budget retreats took place last month, initially with THA Secretaries and then with Secretaries, Administrators and…

Digital Age Boom

Local institutions, including banks, are increasingly using digital platforms to grow their businesses. Last week, the Division of Finance and the Economy’s Financial Literary Secretariat held a breakfast meeting themed, ‘The Mobile Banking and Payment Revolution: Strengthening Financial Inclusion, Trust and Protection in an Increasingly Digital World.’ The event is part of the Division’s Finance…

Getting Down To Business

On November 12th, as part of Finance Month, the Division of Finance and the Economy will turn its attention to the Tobago Business and Economic Outlook Conference. Director of Economics at the Caribbean Development Bank (CDB), Dr. Justin Ram, and Mission Chief to Zimbabwe at the International Monetary Fund (IMF), Hyginus Gene Leon, will be the keynote speakers.…

November is Finance Month

It’s no longer Finance Week!  The Division of Finance and the Economy has now dedicated the entire month of November to activities geared toward creating dialogue around this critical sector! Finance Month celebrations commence on Friday 1st November with a launch at the Victor E. Bruce Financial Complex from 8:30 a.m. This will be followed…

Development funding paves the way for growth

Tobago is known for its slogan: “Clean, Green, Safe, and Serene.” As the island’s environmental initiatives continue to gain momentum, Finance Secretary Joel Jack indicated that funding up to US$16 million will be provided for Tobago to conduct key coastal zone projects. The additional funding is expected to be distributed by the Development Bank of…

An Early Start on Business

The 2019 edition of the Financial Literacy Secretariat Youth Biz Summer Camp recently ended. Hosted by the Division of Finance and the Economy, the camp was geared to youths, ages 12 to 17, and provided them with financial literacy fundamentals. In addition, participants learned about designing websites, how to use social media, and the fundamentals…

20 Entrepreneurs Get BDU Grants

Twenty Tobago entrepreneurs received Business Development Unit (BDU) grants to fund businesses inclusive of farming, food and beverage, and agro-processing on Friday (July 26, 2019). The BDU supports the growth and development of start-ups and existing businesses in Tobago. The unit is part of the Division of Community Development, Enterprise Development, and Labour. During the…

Budget Presentation for Fiscal 2020

The Tobago House of Assembly’s budget request is $4.72 billion for fiscal 2020. This includes $3.26 billion for recurrent expenditure and $1.45 billion for the Development Programme. According to Finance Secretary, Joel Jack, the Division of Health, Wellness and Family Development has the largest allocation of $778.3 million. Other allocations outlined included: Education Innovation and…

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