AGP Executive Report
Last update: 10 hours agoFinancial Services: Sagicor Group Jamaica shareholders vote October 28 on a proposed reorganisation that would bring regional businesses under Sagicor Group Caribbean. The plan includes a US$120 million equity-and-debt raise in 2027 to support growth and digital upgrades. Tourism Investment: Pendry Barbados is targeting a 2027 opening near Speightstown, with 80 oceanfront rooms, private residences and a yacht marina, adding a major new resort to the island’s northwest coast. Tourism Services: Approved rental-car firms are now classified as direct tourism service providers under a Barbados Revenue Authority policy effective October 1. Eligible firms may seek tax concessions on qualifying electric and hybrid vehicles. Climate Finance: Barbados joined five countries in endorsing a proposed US$500 million fund for rapid support to economies hit by climate shocks, with plans to scale it up to US$1.6 billion. Economic Outlook: The IMF projects Barbados’ economy to grow 2.2% in 2027, below its forecast for Jamaica but ahead of several regional peers.
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