Port of Spain a shopping and business centre for much of the country. Most government offices are also located in the city and many important government services can only be accessed in the Ministry offices located downtown. Within recent years, local banks headquartered here have helped it become a financial centre for the Caribbean and Central America region. Two of the largest banks in the Caribbean, Republic Bank, Trinidad and Tobago Limited and Royal Bank of Trinidad and Tobago (RBTT, reacquired by the Royal Bank in 2008) are headquartered here or base their Caribbean operations in the city. Trinidad's economy is based on
Port of Spain century (previously, the main viewing area for Carnival was in downtown Port of Spain). From this location the Parade of Bands is broadcast live to the nation on Carnival Monday and Tuesday; it is also the venue for the Calypso Monarch and Carnival King and Queen Competitions and the finals of the Panorama steelpan competition. The architecturally soothing arches and curves of the Port of Spain National Academy for the Performing Arts (see picture and caption) dominate the south boundary of the Savannah between the green trimmed landmarks of Memorial Park (in remembrance of fallen soldiers during World Wars I