AGP Executive Report
Last update: 11 hours agoEnergy Costs: VINLEC’s October fuel surcharge rose to 86.71 cents per kWh despite a record EC$798,591 subsidy, adding pressure to household and business bills. The company says global fuel prices drove the increase. Banking: BOSVG reported a first-half net loss of EC$15.03 million, mainly due to a sharp rise in provisions for credit losses. The bank also warned that card, ATM and point-of-sale services will be unavailable for four hours early Friday during a system upgrade. Tourism and Trade: Visitor arrivals rose 13.2% in August, while Invest SVG is using the World Island Exhibition in South Korea to promote the country and showcase local producers to international buyers. Investment: The government plans a revised citizenship-by-investment programme with tighter due diligence and regional coordination. Meanwhile, a US$340.3 million US regional investment package includes funding for digital connectivity, health and security, though no specific allocation for SVG was announced. Community Development: A new EC$13 million Basic Needs Trust Fund programme is expected to benefit more than 700 Vincentians through improved roads and community infrastructure.
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