AGP Executive Report
Last update: 10 hours agoTelecoms: Mia Mottley wants a formal audit of Barbados’ telecom services before providers raise prices, citing persistent signal failures and calling on the Fair Trading Commission to protect consumers. Payments: The Central Bank says BiMPay is making daily transactions easier, operating around the clock since its June launch; transactions have topped $6 billion. Growth & health: Economic growth slowed to 1.4%, though the Central Bank says the outlook remains positive. An IDB-backed $175 million guarantee is expected to free about $160 million for health system investment through debt savings. Business standards: Minister Kerrie Symmonds warned that weak service standards could keep Barbadian providers out of foreign markets. A new project aims to improve quality and consistency across sectors. Finance: Sagicor shareholders approved a regional reorganisation that would bring operations across several Caribbean markets under one listed parent, subject to regulatory and other approvals. Tourism investment: Several major developments are in the pipeline, including a proposed Pendry yacht club and 110-berth marina in Barbados.
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