AGP Executive Report
Last update: 9 hours agoEnergy & Industry: The Bahamas is exploring ocean thermal energy conversion (OTEC) with Global OTE as lead technical partner for a feasibility study, looking at power plus seawater reverse osmosis, district cooling and data-centre cooling links. Renewables & Climate: A UN General Assembly resolution on sea level rise passed unanimously, with Bahamas PM Philip Davis calling it a boost for action as islands face existential threats. Tourism & Investment: CARICOM’s private sector group hailed Royal Caribbean’s $3bn move to buy a 50% stake in Sandals/Beaches as a “defining moment,” while local voices question whether cruise operators can run hotels well. Cruise Economy: Carnival is pushing its new Carnival Rewards loyalty program with limited-time bonus points for cruisers, and Royal Caribbean drink pricing is under the microscope as dynamic package costs vary by sailing. Finance & Compliance: Former AG Ryan Pinder KC urged centralising financial services regulation and compliance into one authority ahead of FATF evaluations, while government moves to remove VAT on trust services and certain property transfers into trusts to boost competitiveness. Maritime & Security: BahWEN soft-launched its new headquarters and training hub in Nassau, strengthening wildlife enforcement capacity. Workplace Safety: Two men died after a trench/foundation collapse at a construction site in Lyford Cay, New Providence. Aviation Costs: Airlines for America challenged proposed Bahamian overflight fees as unjustified and excessive. Health & Pharma: Ocugen received provisional approval and priority designation to supply OCU400 for retinitis pigmentosa patients in The Bahamas via an expanded access program. Trade & Branding: Ghana’s presidential envoy visited Nassau to expand Africa-Caribbean trade, tourism and investment, including through a new Afri-Caribbean showroom. Local Economy Debate: A new “rot economy” critique argues Grand Bahama’s big investment announcements aren’t translating into lasting household prosperity.
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.