AGP Executive Report
Last update: 30 minutes agoCorporate Results: Cable Bahamas’ first-quarter service revenue rose 2.7% to $59.7 million, lifted by mobile growth, while net income climbed 87.8% to $3.3 million. Colina Holdings’ insurance revenue also grew, though profit fell against last year’s investment gains. Climate Finance: At COP31, Prime Minister Philip Davis urged automatic, legally secured funding for vulnerable states and sought partners for the $100 million Blue Carbon Programme; the government has committed $25 million, with $75 million still needed. Trade and Investment: The Bahamas used the B20 summit to pursue stronger US market access, while a Freeport–Riviera Beach mission sought business links in logistics, tourism, technology and education. Energy Costs: Despite a historic $1 billion power overhaul, BPL’s chair could not say what consumers will ultimately pay per kilowatt-hour. Business Expansion: Food distributor Everything Fresh is targeting smaller Bahamian retailers and 10% growth in its local operation.
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