AGP Executive Report
Last update: 5 hours agoTrade & Markets: The government is investigating a 75% year-on-year plunge in exports to the US in July, though exports were down just 2.8% over January–July. New trade ambassador Barry Griffin says economic diplomacy will focus on opening markets and attracting investment. Business Costs: Eleuthera’s Chamber chief says rising freight, taxes and fuel costs are pushing some businesses to consider closing; Tropical Shipping’s latest rate increase is about 11%. Fuel dealers are urging tax relief, noting government taxes make up roughly a quarter of the pump price. Grand Bahama: The government’s proposed framework would review the Hawksbill Creek Agreement, including possible changes or repeal, and consider a new development council. Energy: BPL has revised parts of its grid code and is studying how large solar systems respond to disturbances, aiming to reduce the risk of simultaneous disconnections destabilising the grid. Financial Services: Parliament is moving to ban bearer shares in domestic companies as The Bahamas faces a regional review of its anti-financial-crime safeguards.
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