AGP Executive Report
Last update: 2 hours agoVAT & Wealth Planning: Economic Affairs Minister Jerome Fitzgerald says VAT will be removed from trust services and from certain property transfers into trusts by year-end, aiming to make The Bahamas more attractive for family offices and succession planning. Housing Cost Pressure: Opposition senator Arinthia Komolafe warns a new 5.25% VAT interest charge on late real estate VAT payments could make homeownership harder, arguing the penalty ignores how transactions actually work. Tourism Leadership: Valery Brown-Alce named Acting Director General of Tourism, Investments & Aviation for one week as Latia Duncombe exits, with a permanent appointment due Oct. 1. Energy & Data Centres: Global OTEC and PLOCAN selected to study ocean thermal energy conversion potential in The Bahamas, including links to water supply and data centre cooling. Solar Economics: URCA says residential solar PV must cost about $3 per watt or less to deliver competitive returns; higher costs risk weak investment performance. Construction Supply Risk: Heroic Concrete urges a national strategy to diversify aggregates as Bahama Rock’s mining halt raises fears of project delays and higher costs. Power & Labour Tensions: BPL reports another outage tied to a lightning strike, while it fires two workers and suspends union president Kyle Wilson amid an overtime dispute. Cruise & Resorts: Royal Caribbean’s $3bn, 50% stake in Sandals/Beaches is framed as a major boost for Exuma’s Beaches redevelopment. AI Policy: Minister Sebastian Bastian pushes for practical AI and disaster-resilience tools small states can access and sustain. Sports & Culture: Bahamian “Bowflex Barbie” Dekel Quant heads to the Joe Weider’s Olympia in Las Vegas; Buddy Hield is traded to the Charlotte Hornets.
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.