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The To­ba­go arm of the Trinidad and To­ba­go Cham­ber of In­dus­try and Com­merce is call­ing Movi­eTowne’s pend­ing clo­sure an­oth­er stark re­minder of the is­land’s strug­gling econ­o­my.

Cham­ber chair­man Cur­tis Williams de­scribed the move as un­sur­pris­ing but deeply trou­bling, re­flect­ing the wider slow­down grip­ping To­ba­go’s pri­vate sec­tor.“Read­ing the news about Movi­eTowne be­ing closed, it re­al­ly just con­firms what we’ve been see­ing for some time,” Williams told the Guardian Me­dia. “Movi­eTowne own­er Derek Chin had in­di­cat­ed last year that busi­ness wasn’t do­ing well, and that he might have to make a de­ci­sion to close. Now we’re see­ing it hap­pen, and it shows clear­ly what’s go­ing on in the space in To­ba­go.”