The American Chamber of Commerce of Trinidad & Tobago elected its new President at its Annual General Meeting at the Hilton Trinidad Conference on Thursday 11th May 2017. The fourteenth President, Mitchell De Silva is currently the Regional Vice President - Corporate Banking - RBC Merchant Bank (Caribbean) Limited, and has been an active participant in AMCHAM T&T for the past decade.
In his inaugural address he underscored the immediate need for the “Private Sector to take up the challenge to cede from the Government the position of being the main driver of our economy.”
He informed the two hundred plus crowd at the AGM, that high on AMCHAM T&T’s advocacy agenda was the intention to “press the Government to adopt fiscal rules.” He maintained that the implementation of codified and legislated fiscal rules is a necessary step to follow if the Procurement legislation is to be effective, as the two will work in tandem. He explained that “one, broadly speaking, is designed to ensure efficiency in expenditure and the other is intended to preserve or, one might say establish a strong correlation between what we spend and what we earn. Fiscal rules and Procurement are not a panacea for what ails us, but they form the basis for creating a more accountable and responsible form of Governance, not only at the political level but across the entire society.”
On the topic of labour, he noted that the “already tense relationship between business and labour is more likely to deteriorate than it is to improve.” To this he advised that both sides should “unclench their fists and extend their hands” and seek instead to bridge the divide. He added:
“I recognize that a degree of tension between the forces is necessary and a requisite for a healthy industrial relations climate, but what I do believe and what I do foresee, is that to continue as is will only lead to a further fracturing of our society. Now is not a time for unyielding commitment to ideology but to find new ideology to fit our reality. I am not advocating that we abandon our core principles but that, as we discuss the future, we incorporate these into a shared sense of purpose for the benefit of all. We have no choice but to search for a better way. In this regard, it is my hope that
the unions will see it fit to return National Tripartite Advisory Council and that Government Business and Labour come together on some key initiatives to drive our socio-economic recovery.”
There was also a few changes to the AMCHAM T&T Board of Directors and sees Dominic Rampersad, President Pheonix Park Gas Processors Ltd. as the vacant VP spot. The list of Directors are as follows:
President – Mitchell De Silva, RBC
Vice President - Catalina Herrera, Citi
Vice President - Dominic Rampersad, PPGPL
Secretary - Glenn Hamel-Smith, Hamel-Smith & Co.
Treasurer - Patricia Ghany, Esau Oilfield Supplies Limited
Other Directors to the Board are: Ravi Suryadevara, TRINVALCO; Hugh Howard, Hugh Howard & Associates; Simon Aqui, IBM; Nicholas Galt, TSL; Frances Correia, Microsoft; Sana Ragbir, First Citizens; Giselle Thompson, bpTT; Jason George, United Airlines; Gayle Pazos, Scotiabank; Ravi Bajaj, Chevron and Erojus Joseph, GE Oil & Gas.
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