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In November 2011, the OECD removed Trinidad and Tobago from its list of Developing Countries. [3] Trinidad's economy is strongly influenced by the petroleum industry. Tourism and manufacturing are also important to the local economy. Tourism is a growing sector, although not as proportionately important as in many other Caribbean islands.
Point Lisas is a major industrial centre in Trinidad and Tobago and is host to the Point Lisas Industrial Estate and the Port of Point Lisas, both of which are managed by Plipdeco [1] (the Point Lisas Industrial Port Development Company). Point Lisas is located in Couva, Trinidad and Tobago and on the Gulf of Paria coastline. Point Lisas from above
One Caribbean Media Ltd (OCM) is a vertically integrated holding company based in Port of Spain, Trinidad and Tobago.The new company was founded in December 2005, following the merger of the Caribbean Communications Network (CCN) of Trinidad and Tobago, and the Nation Corporation of Barbados.
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Early 1963 Trinidad and Tobago Insurance Limited (TATIL) was established at the Port of Spain, handling fire, marine, motor and accident insurance. [7] Five years later several companies were merged to become Alston Marketing Co. Limited (AMCO).
The House of Angostura (English: / æ ŋ ɡ ə ˈ s tj ʊər ə /), also known as Angostura Limited, is a Trinidad and Tobago company famous for the production of Angostura bitters, invented by the company's founder. The company is also a distiller and is the major producer of rum in Trinidad and Tobago.
Trinidad and Tobago, [a] officially the Republic of Trinidad and Tobago, is the southernmost island country in the Caribbean.Comprising the main islands of Trinidad and Tobago, along with numerous smaller islands, it is located 11 kilometres (6 nautical miles) northeast off the coast of Venezuela, 130 kilometres (70 nautical miles) south of Grenada, and west of Barbados.
In 1937 Fyzabad was the centre of labour unrest, led by T.U.B. Butler which is considered the birth of the Labour movement in Trinidad and Tobago. The collapse of oil prices in the 1980s, coupled with declining onshore oil production, led to a decline in the town of Fyzabad.