Page 6 - Stabilisation Fund News Today

Finance Minister Colm Imbert has said he was concerned when he saw the value of the Heritage and Stabilisation Fund (HSF) decreasing in 2022. However, the advice given to him was: Wait it out. This, he said, was because 2022 was a particularly unpredictable year. Now, in 2023, he boasts that the fund is at

THE Heritage and Stabilisation Fund (HSF) recorded a Net Asset Value (NAV) of US$5.466 billion ($37.17 billion) on Friday, Finance Minister Colm Imbert stated yesterday.

OPPOSITION Leader Kamla Persad-Bissessar has called the Government “negligent” over the decline of the Heritage and Stabilisation Fund (HSF) by more than $6 billion and said the loss has caused

Ex-Central Bank governor Jwala Rambarran says the loss of US$913.5 million incurred by the Heritage and Stabilisation Fund (HSF) in 2022 should "disturb us all." He described it as a "grave fiscal irresponsibility." In its annual report last week, the HSF revealed that it recorded its first-ever loss at a total of US$913,456,918. It said

OPPOSITION Senator Wade Mark says Russia's invasion of Ukraine, one year ago, helped slightly boost TT's economy in relation to the energy sector. Mark was speaking in the Senate on Tuesday morning during the second reading of the Finance (Supplementation and Variation of Appropriation) (Financial Year 2023) Bill, 2023. Mark said the government over-estimated oil

IT MIGHT BE hard to imagine it today, but there was once a time when a trip to the cinema cost only a few dollars. This price of admission would buy moviegoers access to a double bill of delight: two movies with an intermission in between. In those day, and for a certain generation –

FINANCE Minister Colm Imbert said Government is moving aggressively over the next two months to clear Value Added Tax (VAT) debts owed to businesses. He also said that contrary to claims by the Opposition and other people, the economy is performing well despite challenges it is facing. He made these comments before the House of

The Nigeria Sovereign Investment Authority (NSIA) has indicated plan to diversify its investment away from dollar dominated ones and invest in other

Despite the tension in Nigeria resulting from the 2033 elections which many have said was marred by irregularities, some firms were still able to deliver good performance for the year ended 2022. One of such entities is Nigerian Sovereign Wealth Authority, NSIA, which repeated a feat of impressive and strong performance again and again. A reflection of this is seen on the figures recently pushed out by the parastatal.

The financial performance underscores the resilience of the NSIA's investment strategy and the quality of its earnings, notwithstanding...