AGP Executive Report
Last update: 3 hours agoCPL Business & Sports: Barbados Tridents stayed unbeaten with a nine-run win over the St Lucia Kings in a rain-reduced match, moving to the top of the CPL table after Sherfane Rutherford’s 61 off 31 and a late spin strike from Gudakesh Motie and Mujeeb Ur Rahman. Banking Deal: Butterfield Bank is seeking shareholder approval to issue nearly 11.58 million new shares tied to its roughly $1.8bn purchase of CIBC Caribbean, a move required by NYSE and Bermuda rules. Financial Stability: Barbados regulators say the financial system remains sound overall, but risks are rising—geopolitical, climate, and cyber/AI threats are narrowing the margin for error. Central Bank Action: The Central Bank of Barbados has seized management control of Zeemoney (Barbados) Limited and moved toward compulsory winding-up, citing concerns over financial position and probity. Local Economy & Infrastructure: A $105.8m coastal resilience programme is set to start later this year to tackle erosion in priority areas including Clinketts, Sand Street and parts of St Peter. Policy & Governance: Government has launched consultations to create a national policy for Barbados’ non-financial cooperative sector, aiming to modernise regulation and improve sustainability. Public Health & Regulation: The DLP is urging caution over plans to relocate Suarez Brothers Circus to Garrison Savannah, calling for clarity on inspections, worker welfare and regulatory transparency.
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