There will be greater scrutiny of the operational effectiveness of state enterprises, including the Telecommunications Services of T&T (TSTT), as the Government moves to forge a new economic direction for T&T, Communications Minister Maxie Cuffie has said.
In the feature address at Wednesday's re-launch of C&W Business at the Hyatt Regency, Port-of-Spain, Cuffie said Cabinet has agreed to the appointment of a team headed by economist Dr Terrance Farrell to examine the strengths and weaknesses of state-enterprises and provide corrective measures where applicable. Farrell will also chair the Economic Development Board under the Ministry of Planning and Development.
"We cannot expect to do the same things and expect a different result. Just like Cable and Wireless, we need to adapt if we are to survive. C&W has been around, I am told, since 1866 and had not just survived, but thrived in the face of changes that have led to the closure of several competitors in the course of the 149 years since then. The Government recognises that we need to change if we are to survive as a prosperous nation. We must innovate. We need to transform. We have to find ways to diversify our economy in order to guarantee our nation's future survival," the minister said.
Cuffie added, "Information and communication technology (ICT) is transforming the way that we in T&T and the entire world, interact, recreate and conduct business. In fact, the successful adoption and use of new technologies are crucial to developing a more competitive economy. If we examine the economies of developing and developed countries, we would see that they have been transformed due to in great measure to the incorporation of ICTs by the private sector, as well as the state sector."
He said some strides had been made in ICT use and penetration but T&T needs to do better. While many businesses had incorporated ICTs into their operations, many small and medium enterprises (SMEs) and even some of the larger organisations are still reluctant to become ICT compliant due to fear of evolution.
"This is due, in great part, to some of the barriers to the adoption of e-business methods. Some of our own processes, including doing business with the state, belong more to the analogue era," Cuffie said.
"Increasingly, however, we have over time been taking small steps to benefit SMEs and the adoption of ICTs. These include: TTBizlink which offers a variety of e-government services with interconnectivity to more than a dozen government departments. Over 1,000 business and individuals are active users. Through this platform, persons are able to complete the documentation for work permits, import/exports permits and licenses, company registration and goods declaration electronically, increasing the ease of doing business."