AGP Executive Report
Last update: 5 hours agoPayments Upgrade: Barbados’ BimPay is set to go live on June 12, with the Central Bank describing it as the “payment rail” that will connect banks and payment providers so money moves faster and more safely for banked and unbanked users. Energy Push: Acting Prime Minister Kerrie Symmonds says Barbados is moving toward offshore oil and gas exploration, launching a 2026 Offshore Direct Negotiations Programme covering 19 offshore blocks and aiming to boost energy security and revenue. Electricity Costs: BL&P says a Fair Trading Commission approval will mean a modest $1.25 rise in the average monthly bill, with the change not expected before September, and stresses temporary generators already in use won’t add sudden new costs. Regional Banking Deal: Antigua and Barbuda says it will approve Butterfield Bank’s planned acquisition of CIBC Caribbean, while hinting local banks may be invited to participate. Tourism & Hospitality: Royalton Vessence Barbados officially opens on the Platinum Coast as an adult-oriented all-inclusive with 220 suites and a new wellness-and-culture focused concept. Cricket: Cricket West Indies confirms the 2026 men’s home season schedule, with Barbados hosting the final two ODIs vs New Zealand on July 19 and 21. Local Politics: Friends of Democracy is urged to build trust through integrity and meaningful engagement as it seeks to turn its Senate breakthrough into lasting public confidence.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
