AGP Executive Report
Last update: 8 minutes agoCredit Union Deposit Insurance: Barbados is set to table deposit insurance legislation for credit union members within days, a long-awaited safeguard as the sector manages assets above US$1.7bn. Energy Costs: LPG prices rise from midnight June 21, with the 100 lb cylinder up to $166.39 (about +3.3% to +3.7% across sizes), pushing higher household and business fuel bills. Regulatory/Utilities: Intervenor Tricia Watson challenges BL&P’s nearly $79m FTC filing tied to grid modernisation, arguing costs and process for synchronous condensers aren’t properly justified. Finance/Banking: Barbados’ credit union group led by BPWCCUL reports assets jumping to $2.09bn and net income improving to $10.1m, citing better credit performance and cost control. Aviation/Expansion: InterCaribbean Airways takes delivery of the first of eight Embraer ERJ170 jets, signalling major fleet growth and wider regional reach. Tourism/Access: American Airlines launches daily nonstop New York–Barbados service, landing as visitor numbers hit a new high in 2025. Labour/Immigration: A trade unionist warns of an immigration “loophole” that may disadvantage Barbadians in hiring. Regional Development Finance: IDB approves a US$150m programme to strengthen Barbados energy security, aiming for a more resilient and competitive electricity market. Reparations Push: Barbados PM Mia Amor Mottley and regional leaders intensify calls for slavery reparations following Ghana’s Next Steps conference.
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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