AGP Executive Report
Last update: 11 hours agoEnergy & Utilities: FOCOL Holdings reported a 50.1% jump in 2025 net profit to B$44.4m, alongside B$89.3m in capital additions, as it pushes disciplined execution across its energy businesses in The Bahamas and Turks & Caicos. Construction & Materials Supply: Bahama Rock confirmed it will likely close permanently if the Government doesn’t approve access to a new aggregate source on the former Bahamas Cement property; it also says it will cease production Sept. 18 and furlough 69 hourly workers from Sept. 21, warning of major cost spikes for roads, homes, schools and tourism. Local Labour Pressure: Bahama Rock workers staged protests over the expansion and impending shutdown, while Grand Lucayan redundant workers still await severance payments. Environment & Permitting: A Supreme Court ruling left Rosewood Exuma opponents unable to force more document disclosure, and a separate environmental bond issue stalled over DEPP’s payment setup. Maritime Enforcement: A new nearly $300,000 patrol vessel was dedicated to target illegal charters and unlicensed vessels as the Maritime Revenue Unit tightens enforcement. Tourism & Development: Highbourne Cay unveiled a multi-million-dollar marina and amenities upgrade with 19 new villas/lots selling now. Cruise Industry: Carnival Tropicale bookings opened for a 2028 Galveston debut, and Carnival Freedom’s whale-tail funnel retrofit is underway in dry dock. Education Sector: BUT president Belinda Wilson announced she will retire in 2028 after securing a new teacher pay agreement, while BEMU’s strike disruption and injunctions show ongoing labour strain.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.