AGP Executive Report
Last update: 2 hours agoRoyal Caribbean–Sandals Deal: Royal Caribbean Group has announced it will buy a 50% stake in Sandals and Beaches Resorts in a roughly US$3 billion transaction, expected to close in early 2027, a move that could reshape Caribbean tourism by linking cruise and land stays more tightly. Tourism Jobs & Formalization: A new ILO study says tourism is a major driver in the Eastern Caribbean (about 39% of GDP and 11% of employment on average) but informality and weak labour protections are holding back decent work and productivity, including in Saint Lucia. Haiti Security Funding Push: OAS member states, including Saint Lucia, are calling for the UN Security Council to renew and fully fund the Gang Suppression Force mandate in Haiti, stressing personnel, equipment and logistics—not just a renewed mandate. Saint Lucia Electricity Costs: LUCELEC set September 2026 fuel surcharge at 35.6 cents per kWh, citing higher August fuel costs tied to global oil price volatility. Financial Crime Charges: The FIA has charged Electra Fernand with seven counts of money laundering linked to the Creators Alliance Investment Scheme, after a 2025 crackdown. Local Tourism & Payments: Bank of Saint Lucia and Discover Network held a merchant seminar on modern payments, including Tap to Pay via smartphones. Regional Food Security Focus: A Caribbean Blue Foods stakeholder workshop (Sept 29–Oct 2) will spotlight climate-resilient aquaculture as a jobs and food security pathway.
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.
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