Overcoming Logistics Challenges During the COVID-19 Pandemic
The Trinidad and Tobago Manufacturers Association had the pleasure of hosting a webinar entitled ‘Overcoming Logistics Challenges During the COVID-19 Pandemic’. The webinar was well attended by persons involved in supply chain and logistics in their respective companies. Presentations at the session were delivered by the following persons:
- Mr. Peter Patience – Business Development Director – Cargo Consolidators Agency Limited
- Mr. Paul Pantin – Director – Ezone Logistics
- Mr. Marklan Moseley – General Manager of Cargo and New Business – Caribbean Airlines
Opening remarks were provided by Mr. Dale Parson – TTMA Director, Corporate Secretary and Chairperson for our Infrastructure Committee, closing remarks were conveyed by Mr. Christian George – Team Lead of the Ease of Doing Business Unit and the webinar was moderated by Ms. Ilanka Manrique – Research Assistant in the Ease of Doing Business Unit. Participants were delighted to learn about the developments in Sea Freight, Air Freight and Courier Shipments and engaged the panellists in a hearty Question and Answer Segment at the end.
TTPS’ Illicit Trade Training
The Trinidad and Tobago Manufacturers’ Association (TTMA) successfully coordinated a webinar on June 4th 2020 in collaboration with the Trinidad and Tobago Police Service and Crime Stoppers Trinidad & Tobago on the topic of illicit trade. The session was well attended by over 120 police officers throughout the country. The agenda included details about the overall trade, its link to organized crime and human trafficking, money laundering and the economic impact associated with tax evasion, as well as non-compliance and penalties and fines associated with this trade. This webinar was a Launchpad of a series of initiatives to combat the issue.
The police officers were eager to gain a better understanding of the issue and the initiatives discussed to assist and support in the fight against illicit trade overall. Opening remarks were delivered by both the Deputy Commissioner of Police, Mr. Jayson Forde and TTMA’s President, Ms. Franka Costelloe. Key presenters at the webinar included Mr. Darrin Carmichael of Crime Stoppers Trinidad & Tobago and from the tobacco industry, Ms. Josiane Khan, Mr. Gervon Abraham and Ms. Rowan Brathwaite.
Financial Management in a COVID-19 Environment
The Trinidad and Tobago Manufacturers’ Association successfully hosted a webinar on June 18th 2020 entitled ‘Financial Management in a COVID-19 Environment’. The webinar was well attended by representatives from various small and medium sized businesses within and outside of the membership. Presentations at the session were delivered by Mr. Navin Dookeran (CEO, The Export Import Bank of Trinidad and Tobago), Ms. Sana Ragbir (General Manager – First Citizens Investment Services Limited and TTMA Director) and Ms. Anna Mouttet (Associate Partner, Ernst and Young Services Limited). Opening remarks were delivered by Ms. Tricia Coosal (TTMA Vice President and Advocacy Committee Chairperson) and closing remarks were conveyed by Dr. Mahindra Ramesh Ramdeen (CEO – TTMA).
Participants were enlightened on the following topics:
- Cash Flow Management – cash flow planning, value chain, dual currency management
- VAT Bonds – the application process, internal workings of the VAT bond, implications and ways to make the VAT bond work for you
- The Government proposed SME Loan Facility – qualifying criteria and application process
- Tax Environment Update for the Manufacturing Industry – tax incentives, allowances, duty concessions, quarterly installments and e-tax
Customs’ Training – Illicit Trade in the Tobacco and Alcohol Industry
The Trinidad and Tobago Manufacturers’ Association (TTMA) successfully coordinated a webinar on July 23rd 2020 in collaboration with the Customs and Excise Division of Trinidad and Tobago on the topic of illicit trade. The training session was attended by customs officers. On the agenda was an overview of the process to clear containers on the port, counterfeiting, and a synopsis of illicit trade in the alcohol and tobacco sectors respectively. This webinar was a continuation of a Launchpad of activities to address the issue.
The customs officers were enlightened to obtain knowledge on the matter and brainstorm ways in which they can support the fight against it. Opening remarks were delivered by Mr. Christian George – Team Lead of TTMA’s Ease of Doing Business Unit and presentations were delivered by Ms. Devala Gosine of the Customs and Excise Division, Ms. Fanta Punch of M. Hamel-Smith & Co., Ms. Josiane Khan and Ms. Rowan Brathwaite from the tobacco industry and Mr. Nicholas Hospedales of A.S. Bryden & Sons (Trinidad) Ltd.
Investment Opportunities for SMEs – A Focus on the Domestic Stock Market
On March 10th 2021, the TTMA hosted a webinar titled ‘Investment Opportunities for SMEs – A Focus on the Domestic Stock Market’. The session attracted Finance and Accounting personnel representing small and medium sized enterprises as well as individuals from the financial services sector. These participants were enlightened about the following topics from industry experts, Ms. Eva Mitchell – CEO – T&T Stock Exchange Limited, Mr. Sarodh Ramkhelawan – CIO – Bourse Securities Limited and Ms. Rowan Brathwaite-Persad – Caribbean Legal Executive – The West Indian Tobacco Company Limited:
- The process of getting listed on the T&T Stock Exchange SME Market
- Advantages and risks associated with getting listed
- Guidance on investing in stocks
- A practical example of operating on the stock exchange.