AGP Executive Report
Last update: 9 hours agoCruise Tourism Surge: Nassau Cruise Port hit a new single-day high with 33,254 passengers on June 8, powered by six mega-ships and supported by ongoing waterfront redevelopment. Cost of Living & Consumer Protection: Economic Affairs Minister Jerome Fitzgerald told the Senate affordability and consumer protection will be central, pushing beyond tax tweaks toward competition, market efficiency, and better consumer information. Watercraft Regulation Update: Transport Minister Leon Lundy says changes for the jet ski industry are coming within weeks, with a meeting planned with operators after a US embassy alert raised safety and alleged assault concerns. Vehicle Licensing Shake-up: The Bahamas Motor Dealers Association says it was blindsided by proposed Road Traffic Act amendments, including weight-based fees, late-renewal penalties, and new title requirements. Financial Services Watch: The Central Bank warned the public that several named entities are not authorized to conduct regulated financial services in The Bahamas. Shipping & Logistics: ICTSI’s Visayas Container Terminal welcomed Maersk’s PH6 service, adding a direct Asia-Pacific link that could cut logistics costs for regional exporters and importers. Local Business & Training: Marco’s Pizza announced a $1M Orlando Operations Center of Excellence to expand training and franchise onboarding, noting it already operates in the Bahamas. Bahamas Finance Listings: BISX listed the Sunset Valley Fund after completing its mutual fund listing process, adding another option for Bahamian investors. Innovation & Education: Young Bahamian innovators returned from the International Greenwich Olympiad in London with Gold and Silver awards for a mobility cane project and an environment-focused entry. Power Reliability: BPL reported weekend outages tied to transformer work and load shedding, with some communities affected for scheduled periods before restoration.
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