As PSA workers begin to unpack their quattros and shak shaks to kick off their 10% parang season, the TTPSSWA, CGWTU, and TTUTA openly displayed their readiness to receive the Government’s Christmas generosity. PSA president Felisha Thomas is convinced that her members will be receiving their cash before Christmas.
CGWTU president Ermine De Bique-Meade took a cue from Thomas, demanding “we need cash!” by December 22nd, after her union signed for a meagre 4% in April with the previous government. TTUTA also signed with the previous government for a meagre 5% and “sought clarification from the Ministry of Education on the implementation timeline.”
Some of my former teaching colleagues asked me if the funds budgeted for their new salaries and backpay will be re-purposed to settle with the PSA. I still don’t know. TTPSSWA president Ishmael Pitt and other union leaders took issue with Minister Clyde Elder’s statements, as they alleged that the PSA was rewarded for supporting the UNC during GE2025.
Last Friday, Finance Minister Dave Tancoo confirmed that PSA members would receive their backpay before Christmas. All the other unions with merely “ratified” agreements will receive their money within the first quarter of 2026. This is certainly a matter of the “Naughty” (unions settling before elections) and the “Nice” (the PSA). Perhaps even the PSA president was too optimistic, as the CPO mentioned some “non-cash” options to “minimise cash flow impact on the state.”
I was looking forward to details on the FDI secured by Ministers Jearlean John, Sean Sobers, and Saddam Hosein after they visited the UAE and Bahrain. Minister John mentioned some discussions on port infrastructure, healthcare, and tourism, but nothing definitive. That was disappointing. Perhaps the exciting details are yet to be released.
There was actually much more promising news at home with the resumption of drilling after 19 years in the Central Block by Touchstone Exploration with the Carapal Ridge-3 well. If this exploration facilitates the realisation of a projected 50 million standard cubic feet of gas per day from the area, it could invite further investment in our onshore gas fields. However, we are reminded by Methanex president and CEO, Rich Sumner, that the sustainability and growth of our gas supplies “hinges on the ability to develop cross-border supplies with Venezuela.”
So perhaps the best move towards that goal in the last week was the installation of the radar in Tobago! Why? How are we going to get an American-friendly Venezuelan government that will secure us exploration licences for the cross-border fields and remove the OFAC licence requirement? We have obvious cash flow problems in our country. The only discernible “game changer” seems to be regime change in Venezuela.
If President Trump convinces President Maduro to demit office, he can compare his FIFA Peace Prize with Maria Corina Machado’s Nobel. I will be ecstatic if someone can convince me that a change in our national fortunes can be found elsewhere. The Finance Bill brought to Parliament last Friday, with its introduction and increases in certain taxes and fines, cannot be considered imaginative revenue generation.
Does the Refinery Reactivation Committee, which met with PM Persad-Bissessar and Energy Minister Dr Roodal Moonilal last Thursday, have an answer to the search for another “game changer?” If it is going to take three years, when does that period start? Will it be generating forex by 2028? Who will be operating it?
In my column of September 22nd, 2025, titled “An Anticompetitive Agenda,” I considered our country’s biggest forex consumers, led by Aventa T&T Ltd with its undisputed hegemony in the local pharmaceutical sector and the failure by the previous government, the Fair Trade Commission (FTC), or the Chemistry Food and Drugs Division to prevent it.
I was pleased that last week’s Public Administration and Appropriations Committee permitted Private Pharmacy Retail Business Association president Glenwayne Suchit the opportunity to air the struggles of the SMEs in the face of the galloping monopoly. This has received the attention of the Prime Minister, and she has promised to dismantle it. This will mean wider options and lower prices for the consumers. I am happy to have given my input on this matter in our nation’s best interests.
I note the suave move by Opposition Leader Pennelope Beckles-Robinson to choose former UNC Senator Larry Lalla, SC, for the Senate bench to debate the Home Invasion Bill last Friday. UNC loyalists will know his value but will not admit it. This appointment confirms that the PNM is rebuilding and regrouping for the LGE in 2027 and the GE in 2030. Will Larry be the PNM candidate for Tunapuna in 2030? Best wishes to him on his political journey!
Last week, we also received confirmation about a phone call between Presidents Trump and Maduro. Maduro claimed it was “respectful and cordial,” but Trump was less forthcoming. It was reported that he delivered an ultimatum to Maduro. Following the call, another alleged drug boat was blown up, with four more killed. I tend to believe that Maduro may have overestimated the “cordiality” of the call, if not completely misrepresented it to his people, as they hope for peace, and he hopes to have one last navidad as Venezuelan President.
