AGP Executive Report
Last update: 5 hours agoFintech & Youth Entrepreneurship: OKX Bahamas and UB Ignite wrapped an eight-week fintech pitch programme at the University of The Bahamas, training 30 finalists from across the islands after 120+ applications, with Financify owner Daquan Swain taking the championship. Tourism Access & Beach Economy: The Ministry of Tourism says a fence at Cabbage Beach tied to a private development will be removed after DEPP intervention, after vendors and taxi operators warned the move could cut cruise-linked income sharply. Power Crisis Impact: Grand Cay residents finally got electricity back after a three-week outage, while businesses across New Providence say outages are forcing generator spending and causing equipment losses. Energy Politics: FNM leader Michael Pintard renewed calls to remove Energy Minister JoBeth Coleby-Davis, blaming her for poor execution during ongoing outages. Financial Regulation Crackdown: The Central Bank issued a public notice against Allied Bank and Trust Bahamas for falsely claiming it’s licensed, and the Securities Commission set a Sept. 30 deadline for unlicensed lenders to regularize or face enforcement. Public Finance Watchdog: The Fiscal Responsibility Council warned the government’s $291.4m surplus target may require spending cuts, and questioned PPP accounting after a $43.1m crystallised liability was flagged. Education & Labour: The Davis administration will not renew 31 Cuban teachers’ contracts, while Cuban medical recruitment remains on hold amid US talks over labour status.
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.