AGP Executive Report
Last update: 4 hours agoCentral Banking & Payments: Barbados’ Central Bank switched off the old ACH/RTP rails and launched BiMPay, moving transfers between participating banks in seconds, any hour, any day—aimed at cutting settlement delays that kept parts of the economy reliant on cash and cheques. Banking Profitability: New sector figures show commercial banks’ 2025 pre-tax profit of $216m was boosted by fee income, with $152.6m in fees collected from Barbadians in 2025 and a decade-long net transfer from depositors to banks of $280.7m. Health Policy: The Barbados Association of Medical Practitioners urged Deputy Prime Minister Santia Bradshaw to withdraw “medical mafia” remarks tied to access to transplant surgery at QEH, warning the comments could erode public confidence. EU–CARIFORUM Trade Support: The EU praised continued institutional support to CARIFORUM under the Support to CARIFORUM Programme, reviewing progress on implementing the CARIFORUM-EU EPA and regional trade coordination. Travel & Visas: Spain’s visa-free list includes nine CARICOM countries (including Barbados), but Belizeans still need Schengen visas—Spain says the list reflects existing EU exemptions, not a new waiver. Energy & Tech: Terra Innovatum says Waiken ILW will deploy its SOLO micro-modular reactors for up to 8 MWe behind-the-meter power for DIRECTV Latin America and SKY Brasil data centres. Automotive Launch: Motorworld and GEL Auto officially launched Chery in Barbados, positioning the brand around safety, efficiency and value. Sports & Business Spotlight: CWI will honour Kemar Roach’s 300 Test wickets at Kensington Oval with free admission, while tributes to Barbadian cricket legend Sir Garfield Sobers continue across the region.
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