Foreign direct investment has poured into Trinidad&Tobago's
energy industry and local companies have expanded aggressviely
in the Caribbean in recent years. The small island republic now
has a vibrant capital market, for the country aspires to become
a regional banking center. But its markets need greater depth
and transparency, and less stringent regulations to reach that
Islands of Plenty
The Caribbean republic of Trinidad & Tobago has created a vibrant capital market that seeks to act as a regional banking center, serving public - and priavte - sector institutions.
Trinidad's stock market has 32 listed companies with a
market capitalization of around $5.1 billion as of July. Last
year, local investment banks raised some $1.5 billion for
Trinidadian private-sector and public-sector companies and $195
million for governments and corporations across the
Trinidad&Tobago's first commercial oil field started
operations off its coast in 1908 and over the years, the
republic - comprises two separate islands, Trinidad and Tobago,
with a combined population of 1.3 million - has become the
wealthiest society in the Caribbean. It had one of...
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