AGP Executive Report
Last update: 8 hours agoAviation Investment: Bahamian entrepreneurs have the green light for a proposed $427 million aviation and weather-sensing network backed by Raytheon Technologies. Supporters say it could improve safety and enable more than $300 million in overflight fees, subject to the required legal and operational steps. Marine Conservation: Delays in closing the Bahamas’ debt-for-nature swap reduced expected savings, Finance Minister Michael Halkitis said. The deal is still expected to direct more than $100 million over 15 years to marine protected areas. Public Finance: The government priced a US$1.1 billion, 13-year bond to refinance liabilities and reduce near-term repayment risk, following strong investor demand. Tourism: Baha Mar expects a strong winter season, with first-quarter bookings looking positive. Cruise lines, meanwhile, are seeking arbitration over proposed VAT on ticket sales, warning the tax could raise fares. Economic Outlook: The Central Bank forecasts growth above 3% this year, supported by tourism and investment, while warning that higher energy and import costs threaten households and businesses.
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