State Enterprises Investment Programme 2014

The State Enterprise Sector is comprised of sixty (60) companies, of which forty-eight (48) are wholly owned, seven (7) are majority owned and five (5) in which Government has a minority shareholding.

These enterprises operate in the gas and oil industry, infrastructure development, banking and financial services, manufacturing, transport and communication, training, tourism, agriculture, information technology and the provision of social services.

The number of wholly-owned companies increased by four (4) in 2013 – the Atrius Life Insurance Co. Limited, Clico Trust Corporation Limited, Trinidad and Tobago Tourism Business Development Limited and Trinidad and Tobago Creative Industries Company Limited.

In fiscal 2012, Government’s equity holding in these State Enterprises totalled $8,232.5 million, and a ROCE of 7.0% was realised. The Sector also contributed to the economy through foreign exchange earnings, employment, dividend payments and taxes.

Source: Ministry of Finance

Date Published: 2013