AGP Executive Report
Last update: 3 hours agoTourism & Investment: CARICOM Private Sector Organization (CPSO) congratulated Sandals Resorts and Beaches Resorts on Royal Caribbean Group’s landmark deal: a 50% investment in the all-inclusive operator valued at about US$3bn, expected to close in early 2027, with the partnership seen as a major boost for Caribbean tourism scale and airlift-linked regional supply chains. Insurance Expansion: General Accident (Jamaica) says it plans to buy a 70% stake in Trinidad’s Beacon Insurance in Q4, expanding its footprint across the English-speaking Caribbean, including Beacon’s existing operations in St 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: The Financial Intelligence Authority charged Electra Fernand with seven money-laundering counts linked to the Creators Alliance Investment Scheme, after a 2025 operation. Climate Finance: At UNGA, St Lucia joined other vulnerable states demanding grants and easier access to climate funding, warning against “loans with solidarity” that deepen debt. Payments & Merchants: Bank of Saint Lucia and Discover held a merchant seminar on tap-to-pay and modern card acceptance. Sports & Business Culture: Saint Lucia’s Jazz & Arts festival won “Music Festival of the Year,” while the Piton Boyz opened with a 2-0 loss to Barbados in CNL.
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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