Sunday, April 21, 2024

Trinis invited to invest

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Minister of Industry and Commerce Donville Inniss has invited Trinidadians to come to Barbados and further invest in the country despite its current economic problems.
Inniss flew to Trinidad and Tobago yesterday to be the guest speaker at the Chamber of Commerce’s first quarterly business luncheon at its Westmoorings headquarters.
The minister outlined both the social and financial problems that had impacted the country’s economy since the global meltdown in 2008. He revealed, for example, that Government was spending 54 cents of every dollar it generated in revenue on public sector wages.
However, he also pointed out that even though its tourism product was affected by the global financial collapse, the island was beginning to rebound and enjoyed a good winter tourist season last year.
Inniss highlighted a number of areas – including real estate, financial services and business development – that could prove lucrative to Trinidadian entrepreneurs who were willing to invest in Barbados.

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