AGP Executive Report
Last update: 13 minutes agoSeabed Lease Debate: East Grand Bahama MP Kwasi Thompson says the proposed Port Authority Act (Seabed Lease Rates) Order 2026 could hurt transparency and investor confidence, warning that ministerial discretion to negotiate “alternative” rates “behind closed doors” risks uncertainty and inconsistent treatment. Shipping & Costs: CLX Logistics, via a partnership with Antillean, has launched new direct cargo routes linking Nassau with the Dominican Republic and Providenciales, aiming to cut import costs and reduce supply-chain delays for Bahamian businesses. Housing Finance Pressure: The IDB reports mortgage commitments for new homes fell 30% from 2015 to 2025, citing lending barriers that hit entrepreneurs and informal-sector workers hardest. Public Finance Moves: Government subventions to state-owned enterprises and statutory agencies rise by $103.7m, while the travel budget increases to $18.8m for 2026/27. Politics & Accountability: Finance Minister Michael Halkitis brushes off calls to resign over past ties to Top Notch Builders Ltd., while the opposition questions budget priorities. Youth Climate Wins: SAC took top honours in RBC Young Leaders 2026 for pond and park restoration, with other schools scoring for sustainable agriculture and flood-control solutions. Education Milestone: BAMSI named co-valedictorians Jaron Sawyer and Jaron Sawyer and Breann McIntosh, highlighting links between environment and economy.
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