AGP Executive Report
Last update: 13 minutes agoNorth Eleuthera Airport Repairs: The Ministry of Works says emergency runway works at North Eleuthera will include milling and resurfacing, targeted repairs and renewed markings after Western Air suspended flights over deteriorating conditions; officials stress this is separate from an IDB-financed full rehabilitation project. Fiscal Watch: Opposition finance spokesman Kwasi Thompson says a Fitch deficit forecast confirms the PLP’s concerns that the government’s budgeted surplus is slipping, citing revenue shortfalls and spending revisions. Financial Sector Shock: A Bahamas-licensed investment fund, FAEX Fund Ltd., faces winding-up proceedings in Supreme Court after allegations it was used to divert about $1.6bn from Banco Master; the matter is set for hearing Oct. 8. Banking/Corporate Leadership: Bahamas Telecommunications Company CEO Sameer Bhatti steps down, with board chair Inge Smidts set to lead operations while a successor search begins. Innovation Push: Acting PM Chester Cooper backs the Young Innovators Club on Grand Bahama with an $50,000 prize purse, challenging students to identify problems, research solutions and pitch them. Marine Education Support: RF Bank & Trust funds BREEF’s underwater communication equipment to make snorkeling and marine learning more interactive and safer. Tourism & Business Networking: The Bahamas Chamber of Commerce hosts a “Power of Connections” brunch aboard Allure of the Seas with tourism leaders and entrepreneurs. Aviation/Travel Links: Southwest announces new summer 2027 routes including nonstop Austin–Nassau, plus other Caribbean and Central America additions.
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