Home' Trinidad and Tobago Guardian : December 26th 2013 Contents A8
Guardian www.guardian.co.tt Thursday, December 26, 2013
#1-7 Fitz Blackman Drive
(next to the National Stadium)
Port of Spain, Trinidad W.I.
Fax: 868 623-6766
with quali ed MRI Technologists,
MRI Radiologists and MRI Physicists.
The country's most
If all goes according to plan, by next year street
dwellers would have a gym where they can go
and work out and a place where they can sit and
peacefully meditate, Minister of the People and
Social Development Dr Glen Ramadharsingh said
Ramadharsingh made the disclosure at the Centre
for Socially Displaced Persons at Riverside Plaza,
Port-of-Spain, where he and several other organ-
isations spent the better part of Christmas Day
with street dwellers.
More than 100 homeless people residing at tran-
sitional homes throughout the country, including
Transformed Life Ministries and the Piparo
Empowerment Centre, were treated to Christmas
lunch and entertainment from calypsonian Edwin
Ayoung, better known as Crazy, and pannist Pro-
fessor Ken "Professor" Philmore.
He said he planned to visit the Police Youth
Club in Beetham Gardens, Laventille and some
residents in his constituency of Caroni Central
before heading home.
Standard & Poor s (S&P)
latest A/A-1 long and
short-term foreign and
local currency sovereign
credit ratings on T&T con-
firms T&T s sound eco-
Finance Minister Larry
In a media release yes-
terday, Howai said: "S&P
recognises that T&T's econ-
omy is gaining momentum
as the major programme of maintenance works
and upgrades in the energy sector has now been
completed, with the expected effect of expanding
our energy output in 2014."
S&P is an international credit rating agency
which provides independent credit risk research,
and publishes credit ratings on debt issued by sov-
ereign, municipal, corporate and financial sector
Howai pointed out that this rating comes on the
heels of the very successful bond issue of US$550
million which was recently executed on the inter-
national capital market.
He said S&P has also recognised the changes in
tax and other policies in recent years which have
encouraged more activity within the sector.
"These initiatives and the latest seismic results
have resulted in: an increase in offshore drilling
activity, increased optimism on the part of major
players such as BHP, BG and BP, and new expansion
plans from producers and new overseas investors.
As a consequence, the recent land-based bid round
was one of the most successful in the last three
decades," he added.
The S&P also projects 2.6 per cent economic
growth in T&T's Gross Domestic Product (GDP).
"It has also been estimated that the economy
will continue to grow, with the pace of activity
increasing in the region of two percent to three
per cent annually over the next three years. Trinidad
& Tobago's stable outlook has also been re-affirmed
by S&P on account of its expectation that a sound
external profile will be maintained, resulting from
persistent current account surpluses and local
financing of the public sector deficit," Howai said
The S&P in its own media release said: "The
ratings of T&T are supported by the country's net
external asset position, low vulnerability, and stable
political system. The country's long-established
parliamentary democracy and social stability should
sustain political consensus on economic policies."
Howai beams with
new credit rating
"It has come to this. I embrace it,"
he said, referring to how he spent
Ramadharsingh said Cabinet
approved $10 million about one
month ago for the upgrade of the
Port-of-Spain centre which will
include a gym, meditation and coun-
selling centres, recreational facilities
"The design was done pro bono
by former government minister John
Humphrey and we are already in talks
with the National Insurance Property
Development Co Ltd and the Nation-
al Security Ministry on how to
approach the work which is expected
to begin next year."
Ramadharsingh said his ministry
was also negotiating to purchase a
facility to house an extra 200 street
Minister of the
People and Social
shares breakfast to
residents of the
Centre for Socially
from left, Keba
Ameera Ali and
during a Christmas
Day function at
gym for homeless
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