AGP Executive Report
Last update: 4 hours agoCompliance: Barbados has raised penalties for breaches of its anti-money-laundering rules to as much as $50,000, with an additional $1,000 accruing daily. Cost pressures: Finance Minister Ryan Straughn says global tensions are keeping pressure on prices; the IMF forecasts 2.6% inflation this year. October’s 19.8% rise in the electricity fuel adjustment is adding about $22 to the average household bill. Economic outlook: Central Bank Governor Kevin Greenidge says Barbados is resilient, with growth near 2% after expanding 1.4% in the first half. Services and retail supported activity, while tourism was softer amid shorter stays, higher airfares and reduced capacity. Barbados link: ProPublica reports that a Barbados-based parent company could obscure investors in the Trump administration’s Venezuelan oil deal. Workforce: The Barbados Accreditation Council says a national qualifications framework could improve pathways between academic, technical and vocational training and help workers adapt to changing labour-market needs.
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