AGP Executive Report
Last update: 2 hours agoBVI Court & Banking Deal: Soulpower Acquisition Corp. says the BVI High Court has approved the Bank of Asia (BVI) liquidation asset sale tied to its proposed transaction with SWB Holdings, with remaining conditions including SWB’s banking license review by the BVI FSC and deposit protection approval by VIDIC. Cannabis Compliance: Virgin Islands regulators say intoxicating hemp sales are still illegal as compliance checks begin and a licensing system is drafted, with the Cannabis Advisory Board reviewing rules that define intoxicating products broadly (including certain THCA/THC and synthesized cannabinoids). Social Housing in VG: The VI government has signed a contract for a new social home for the Leonard family in Virgin Gorda, with officials framing it as a long-awaited project tied to the late entrepreneur and fisherman Oliver Leonard. Gun Violence & Business Community: BVI business groups and the NDP renewed calls to reject gun violence after the killing of businessman Kai de Castro, with condolences and renewed pressure for accountability. Infrastructure Finance Push (BVI): Premier Natalio Wheatley says the VI is seeking greater access to concessional CDB financing, including talks on airport runway extension funding and increased participation in the CDB Special Development Fund. Port & Cruise Economics (USVI): WICO says St. Thomas needs dredging to handle larger cruise ships safely, with work slated to start in September 2026 and finish mid-2027. Energy Resilience (USVI): After Irma, the territory is moving toward a virtual power plant model that links home solar and batteries to stabilize the grid faster during outages. Public Safety Tech: Attorneys general are urging the FCC to strengthen “Know Your Customer” rules to curb illegal robocalls.
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.