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MovieTowne owner says Trinidad losing investment due to out-of-control crime

MovieTowne owner says Trinidad losing investment due to out-of-control crime

Crime in this country “is really out of control and is affecting business in a big way,” regional business tycoon Derek Chin has said.
Chin, who was inducted into this country’s Business Hall of Fame in 2018, made the statement to Guardian Media in a telephone interview yesterday, as the country surges to the unfortunate record of 600 murders for this year. 

“A lot of people I know, they are not investing any more money in the country, they have lost confidence and they are looking to take whatever savings they have to another destination.

Trinidad is not a paradise where people feel they can invest and feel comfortable anymore. A lot of the money is going other places and that makes it worse because less business means less employment, more hardship so on and so forth. Everything is just out of whack,” Chin said.

The murder toll stood at 591 last evening after a brutal 13 hours from Monday into yesterday in which five people were killed, including two double murder incidents in Moruga and Piarco.

Chin, the owner of MovieTowne, said while a city like Miami also has crime, it does not feel the same as it does here.

“The fact that nobody seems to be held accountable, that the rate of solving crime is obviously very, very low and we don’t have confidence in the police service, it does not auger well for us who live here and the business community and those who have to go to work every day and the people don’t want to go out in the night, which especially affects us in the entertainment business,” Chin said.

“Nobody wants to go out in the night because they are afraid to go home and worse, of course, are these home invasions, where even your privacy in your own home is impacted.”

He said citizens now have to include closed-circuit television cameras, alarm systems, dogs and other security measures to feel safe at home. He said when you put all that together, it is certainly not a position or place where we want to be as a country.

“People are looking for some degree of hope, putting more policemen and going after bandits and shooting them is not the answer, you have to look at what the source is, it is not going to solve itself overnight,” Chin said.

“It is a generation or two that have gone awry and we have to look at those who have the power to look at where the problems are in those communities, where there is much hopelessness and try to solve the problem in terms of re-education and creating more courses and discussions to see how we could stymie this,” he said.

“Our police, while they try hard, they have some things stacked up against them and we don’t have the confidence with what we see happening. It is also caught up with the politics and we are looking for solutions with both opposition and government and all we getting is more bacchanal,” he said.

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