The announcement last Friday of Jamaican financial services powerhouse NCB Financial Group’s desire to takeover iconic Trinidadian insurance juggernaut Guardian Holdings Ltd hit the local business...
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TTMA calls for action on crime
The Trinidad and Tobago Manufacturers’ Association (TTMA) has expressed concern at the continued high murder rate and general high crime levels in the country. In a statement yesterday, the TTMA said that “400 murders for 2013 is 400 too many for our society.” “We need all stakeholders (government and non-government) on board to work toward resolving this very serious problem in order to move forward with our nation’s developmental goals,” the organisation said.
The TTMA said the cost to engage in business today is increasing because of high security costs and employees’ inability to work night shifts out of fear for their safety. “These costs act as a disincentive to investors, and affect the country’s overall competitiveness,” the statement said. “Crime and theft is cited as the main factor affecting business in Trinidad and Tobago according to the World Economic Forum’s 2013 Global Competitiveness Report.
“TTMA is again asking all stakeholders to conscientiously work together toward resolving this problem in a meaningful, sustainable and impactful manner. Issues of protection of our borders and scanners at the port should be fast-tracked. “Trinidad and Tobago has a plethora of legislation in place to deal with crime at all levels; however, there is a deficiency in enforcement, detection and conviction. Measures need to be put in place to deal with these shortcomings.
“The TTMA appreciates that a safe and secure environment is one that leads to increased productivity and thus is prepared to work with the Minister of National Security, the Government and all stakeholders to engage this process.”