AGP Executive Report
Last update: 6 hours agoCruise Port Deal: St. Vincent and the Grenadines has signed an MoU with Global Ports Holding to enter exclusive talks on a 30-year concession to manage and redevelop the Kingstown cruise terminal, with phased investment up to EC$250m and a plan to modernise infrastructure and grow cruise traffic. Tourism Strategy: Tourism Minister Kishore Shallow says SVG can pursue both mass and luxury tourism by steering mainland visitors toward larger cruise arrivals while keeping the Grenadines for high-end experiences. Public Finance Pressure: Ambassador of Finance and Investments Kevin Hope warns SVG must restore fiscal discipline while pushing private-sector-led growth, citing a heavy debt burden and repeated shocks that have left the economy on an unsustainable path. Customs & Trade Facilitation: Customs and Excise says it exceeded its 2025 revenue mandate by about EC$10m and highlights progress on modernising border systems, including ASYCUDA World upgrades toward a national single window. OECS Services Training: Antigua and Barbuda will host an OECS specialised services sector training programme (June 29–July 2) aimed at strengthening policy and negotiating skills for public and private stakeholders. Vincy Mas Security: Police and national security officials promise increased police presence and strict enforcement for an incident-free carnival, including a no-glass bottle policy. Postal Sector Challenge: SVG Postal Corporation flags a dual crisis—falling letter mail demand and unreliable regional transport—while pivoting toward e-commerce and modern services. Local Business Expansion: District Stairs opens a new Bay Street showroom to expand access to building and renovation products and create jobs.
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