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OBG, Aegis collaborate on economic report

Tuesday, May 12, 2015
Aegis chairman Angela Lee Loy, left, and Caroline Nguyen, OBG’s country director, sign the MoU on research for the report on T&T’s economy.

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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