Out From Under the Mango Tree
Mar 1, 2006
In spite of lingering security concerns, the twin-island nation of Trinidad & Tobago is attracting fresh investment in a number of areas.
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| The twin-island nation aims for the sky. |
Carjackings, kidnappings and armed robberies are on the rise in English-speaking Trinidad & Tobago, but so far the violence seems to be scaring away neither tourists nor foreign investors. Nor is the increasingly anti-American rhetoric coming from President Hugo Chávez in neighboring Venezuela – only seven miles from Trinidad at its closest point. In fact, Chávez's populist politics makes Trinidad seem even more business-friendly by comparison.
"Murder and kidnappings are two areas of particular concern, but most of these crimes are gang violence and don't affect the general public in a direct way," says Lyndon Guiseppi, managing director at RBTT Merchant Bank Ltd. in Port of Spain. "No one is running down Frederick Street snatching purses."
Investment FlowingEven a recent rash of bombings in downtown Port of Spain and a corruption scandal that brought down Trinidad's energy minister haven't dissuaded...
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