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Sunday, May 25, 2025

Time to reopen the economy

by

Curtis Williams
1669 days ago
20201028
The almost empty carpark at Movie Towne, Invader’s Bay.

The almost empty carpark at Movie Towne, Invader’s Bay.

SHIRLEY BAHADUR

There are two things that this coun­try tends to shy away from, the first is im­ple­ment­ing plans and the sec­ond is em­brac­ing busi­ness and the pri­vate sec­tor.

The truth is even be­fore in­de­pen­dence the busi­ness com­mu­ni­ty was viewed with scep­ti­cism. They were seen as an ex­ten­sion of the planter class and lat­er on as for­mer Prime Min­is­ter Bas­deo Pan­day in­fa­mous­ly re­ferred to them as the par­a­sitic oli­garchy.

Over the years the gov­ern­ment has seen it­self as the dri­ver of growth in the econ­o­my, of the view that if it does not act the busi­ness sec­tor lacks ei­ther the will, the abil­i­ty or the req­ui­site en­tre­pre­neur­ial spir­it to move the econ­o­my for­ward.

Sup­port­ers of this ap­proach have of­ten point­ed to the Point Lisas In­dus­tri­al Es­tate as an ex­am­ple of how gov­ern­ment ac­tion has led to sig­nif­i­cant out­comes for the econ­o­my and the peo­ple of T&T. They have al­so point­ed to the in­ter­ven­tion by gov­ern­ment in the oil in­dus­try which saved thou­sands of jobs and com­mu­ni­ties in South and South West Trinidad and even in ar­eas like tourism with the own­er­ship of the Hilton, Mag­dale­na, and Hy­att Re­gency ho­tels.

These are all pow­er­ful ex­am­ples but the do not paint the whole sto­ry, they do not tell of the en­tre­pre­neur­ship of the Cli­co Group which along with its Ger­man part­ners en­sured a home-grown com­pa­ny be­came one of the world’s largest methanol pro­duc­ers. It does not tell the sto­ry of As­so­ci­at­ed Brands, An­gos­tu­ra nor SM Jaleel nor the many oth­er com­pa­nies that have con­quered the Caribbean mar­ket and are mak­ing a push in­to Latin Amer­i­ca.

This dis­trust of busi­ness has in part guid­ed gov­ern­ment pol­i­cy and at­ti­tude and it is what con­tributes to the coun­try’s in­abil­i­ty to achieve its eco­nom­ic po­ten­tial.

Take, for in­stance, the man­age­ment by the present ad­min­is­tra­tion of the re­open­ing ex­er­cise. There ap­pears to be in­creas­ing­ly a re­ver­sion to the mean with this ad­min­is­tra­tion, hav­ing done a great job ini­tial­ly, it has re­turned to what may be ex­pect­ed and per­haps it was too much to ex­pect con­tin­ued thought and com­mu­ni­ca­tion in the han­dling of the pan­dem­ic.

The Prime Min­is­ter’s bi-week­ly news con­fer­ences in which he picks the win­ners and losers in the busi­ness com­mu­ni­ty has caused dam­age to many sec­tors, not the least of which are those op­er­at­ing in en­ter­tain­ment.

From bars to restau­rants to movie the­atres, the pun­ish­ment has been bru­tal. Their vir­tu­al clo­sure as a pre­ven­ta­tive mea­sure for the spread of the COVID-19 virus ap­pears to be in­creas­ing­ly done with­out much thought and cer­tain­ly with­out strat­e­gy.

Prime Min­is­ter, no one can ar­gue with you that your first pri­or­i­ty is to keep the peo­ple of T&T safe. You and your gov­ern­ment have done a rel­a­tive­ly good job at that. Thus far the health sys­tem has stood up to the chal­lenge un­like many in the de­vel­oped world that have failed. It is al­so true that the risk of catch­ing the COVID-19 virus in­creas­es in­doors and in places like bars where so­cial dis­tanc­ing and, more im­por­tant­ly, per­son­al re­spon­si­bil­i­ty ap­pear to be in short­er sup­ply.

But you can­not con­tin­ue to vir­tu­al­ly shut down the place, keep peo­ple out of work, put more busi­ness­es at risk, en­sure that more peo­ple loose their in­vest­ment be­cause you can­not trust peo­ple to have per­son­al re­spon­si­bil­i­ty and be­cause the bars and restau­rants are more risky than oth­er ar­eas.

Prime Min­is­ter if we are hon­est about the sec­ond wave, the one that helped us move from spo­radic to clus­ter to com­mu­ni­ty spread, it had a lot to do with your ac­tions, that of your col­leagues, your par­ty and that of the Op­po­si­tion.

Let us not for­get, this ma­jor in­crease start­ed dur­ing the elec­tion cam­paign and con­tin­ued un­abat­ed un­til the sec­ond lock­down. No amount of point­ing to the last lap of beach go­ers will con­vince a thought­ful pop­u­la­tion of a lack of cul­pa­bil­i­ty by po­lit­i­cal par­ties and their sup­port­ers.

You open gyms but say no crick­et, does that make sense? You say cin­e­mas can re­sume op­er­a­tion at 50 per cent but no eat­ing in the movie the­atre. You ask bars and restau­rants for guide­lines to re­open they go be­yond you own sug­ges­tions and you say an­oth­er two weeks. You had ini­tial­ly said tours of the Buc­coo Reef but at that time peo­ple could not go to the beach. Its al­most as if the de­ci­sions are be­ing made on whim and fan­cy and not on a thought process with an em­pha­sis on get­ting busi­ness­es and the econ­o­my safe­ly open. It’s a re­liance on luck and chance. Its al­most like there is a be­lief that COVID-19 helped you re­turn to pow­er and luck will help us nav­i­gate this chal­leng­ing time.

The sec­ond is­sue is about plan­ning and im­ple­ment­ing plans. This week Pro­man Group an­nounced it will join nine oth­er pri­vate and pub­lic sec­tor part­ners to mark the launch of the North-C-Methanol project, which will be the largest re­new­able hy­dro­gen-to-methanol com­plex in the world.

Pro­man which has most of its plants lo­cat­ed in T&T dis­closed that the col­lab­o­ra­tive agree­ment is for the con­struc­tion of two plants—a 65-MW(one mil­lion watts) elec­trol­yser fed by re­new­able pow­er, and a methanol plant —on the Ro­den­huize penin­su­la of the North Sea Port in Bel­gium.

Pro­man not­ed that to­geth­er, the two plants will form North-C-Methanol, which aims to re­duce an­nu­al CO2 emis­sions by 140,000 tonnes while gen­er­at­ing 44,000 met­ric tonnes of re­new­able methanol.

The com­pa­ny added that this methanol could be used as a feed­stock by the lo­cal chem­i­cal in­dus­try, and as a sus­tain­able fu­el for ships, road ve­hi­cles and trains.

This is an im­por­tant de­vel­op­ment and rais­es some im­me­di­ate ques­tions. With so much CO2 avail­able at the Point Lisas In­dus­tri­al Es­tate how come we have not tried to cap­ture it, help us meet our Paris agree­ment goals and al­so as­sist in find­ing a pos­si­ble so­lu­tion to the chal­lenges fac­ing the down­stream com­pa­nies.

Both the NGC and its sub­sidiary Na­tion­al En­er­gy have talked about these projects for some time now, and as usu­al there are plans but no ac­tion. It’s no dif­fer­ent from the NGC’s talk about small pool gas and ex­plains why for 14 years Na­tion­al En­er­gy has on­ly de­liv­ered one project in which it gave pref­er­en­tial gas prices to a com­pa­ny that NGC has in­ter­est in.

The coun­try has to get things right, it has to re­open the econ­o­my and im­ple­ment well thought out plans. Fail­ure to do so will lead to the kind of drift we see at the mo­ment.


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