AGP Executive Report
Last update: 10 minutes agoFuel Costs: With New Providence gasoline above $7 a gallon, operators are urging the government to work with fuel suppliers on relief as motorists and businesses absorb rising costs. Tourism: Director General Jackson Weech says officials are cautiously optimistic 2026 could be another banner year, with visitor numbers still developing. Investment: The government plans special agreements for substantial international family offices, offering clearer terms on immigration, taxes, business licensing and exchange controls in return for investment and local professional services. Trade and Diplomacy: Prime Minister Philip Davis is pitching The Bahamas as a hub for shipping and logistics and seeking partners in clean energy, agriculture and food processing. Energy Transition: At a regional conference in Nassau, Energy Minister JoBeth Coleby-Davis said the country aims for renewables to supply 30% of electricity needs, citing fuel-price exposure and power affordability. Jobs and Skills: More than a quarter of the workforce has no formal qualifications, while underemployment rose by 2,890 people in the first quarter, Labour Minister Pia Glover-Rolle told Parliament. Grand Bahama Power: Opposition MPs are demanding more financial details on the government’s proposed $331.82 million refinancing tied to its acquisition of GB Power.
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