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Saturday, May 3, 2025

OBG, Aegis collaborate on economic report

by

20150511

A first-time re­port by the glob­al pub­lish­ing firm, Ox­ford Busi­ness Group (OBG) on T&T's econ­o­my will pro­vide in-depth analy­sis of the coun­try's plans to boost in­vest­ment in its en­er­gy sec­tor through a mix of tax re­forms and in­cen­tives.

The Re­port: Trinidad and To­ba­go 2015, will look in de­tail at the key parts ear­marked for busi­ness-friend­ly ini­tia­tives in strength­en­ing cap­i­tal in­flows against a back­drop of falling oil and gas prices. The pub­li­ca­tion is set to al­so pro­vide cov­er­age of the coun­try's plans for fur­ther di­ver­si­fy­ing its econ­o­my, which in­clude an in­creased fo­cus on emerg­ing sec­tors, such as the cre­ative in­dus­tries, busi­ness process out­sourc­ing (BPO) and mar­itime ac­tiv­i­ty.

Aegis Busi­ness So­lu­tions Ltd has signed a mem­o­ran­dum of un­der­stand­ing (MOU) on re­search with OBG for its first-time re­port on T&T's econ­o­my. Un­der the MOU, OBG will work with Aegis to com­pile the ac­coun­tan­cy chap­ter of the re­port.

Aegis chair­man An­gela Lee Loy said the firm was thrilled to be team­ing up with OBG for its de­but re­port on the twin-is­land econ­o­my, adding that the pub­li­ca­tion's launch was time­ly.

"Trinidad and To­ba­go stands among the next wave of in­vest­ment des­ti­na­tions and the re­forms that are be­ing in­tro­duced re­flect this," she said. "Ox­ford Busi­ness Group's in­de­pen­dent analy­sis will pro­vide much-need­ed busi­ness in­tel­li­gence and in­sight for a broad range of in­vestors, in­clud­ing those in tra­di­tion­al sec­tors look­ing to stay ahead of the game and oth­ers keen to dis­cov­er more about what the coun­try can of­fer."

Car­o­line Nguyen, OBG's coun­try di­rec­tor, said the group's forth­com­ing re­port would con­sid­er the bal­anc­ing act T&T faces as it looks to sus­tain growth in the en­er­gy sec­tor, while con­tin­u­ing to broad­en the coun­try's eco­nom­ic base.

"Al­though en­er­gy makes up al­most 40 per cent of Trinidad and To­ba­go's GDP, the gov­ern­ment's pro-growth mea­sures and busi­ness-dri­ven poli­cies are al­ready yield­ing re­sults in the non-oil sec­tor, with ar­eas such as fi­nan­cial ser­vices, con­struc­tion and quar­ry­ing per­form­ing strong­ly," she said. "The gov­ern­ment's re­form agen­da will have a sig­nif­i­cant im­pact on the ac­count­ing pro­vi­sions of these and oth­er sec­tors. I am de­light­ed that Aegis Busi­ness So­lu­tions will be help­ing us to high­light the im­pact of these changes for in­vestors in our first-time coun­try re­port."

The Re­port: Trinidad and To­ba­go 2015 will be a vi­tal guide to the many facets of the coun­try, in­clud­ing its macro­eco­nom­ics, in­fra­struc­ture, bank­ing and oth­er sec­toral de­vel­op­ments. The forth­com­ing re­port will in­clude a range of in­ter­views with lead­ing rep­re­sen­ta­tives and per­son­al­i­ties, in­clud­ing Prime Min­is­ter Kam­la Per­sad Bisses­sar. The pub­li­ca­tion will be avail­able in print or on­line.


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