AGP Executive Report
Last update: 6 hours agoBVI Financial Regulation: BIT says it has secured BVI FSC approval for Matrixport Technologies Ltd, granting a SIBA Category 2 licence to arrange deals in investments and a VASP registration under the BVI Virtual Asset Service Providers Act—an expansion of regulated digital-asset activity in the territory. Banking Dealmaking: Carey Olsen Bermuda acted as joint lead counsel to Butterfield on its landmark US$1.8bn agreement to acquire CIBC’s 91.7% stake in CIBC Caribbean, creating a larger banking and wealth platform across 19 jurisdictions with added cross-border payments and digital infrastructure. Airports & Infrastructure: The BVI Airports Authority has moved ahead with the tender process for the Terrance B Lettsome International Airport west runway extension, seeking bids for design and execution with submissions due Aug. 31, 2026, and a pre-tender meeting/site visit set for June 17. Tourism & Skills Pipeline: The CTO announced the finals of its Regional Nex-Gen Tourism Showcase during Caribbean Week in New York, with BVI students among finalists presenting investment-ready tourism proposals on June 4. Trade Education Funding: The CTE Board voted to create an independent 501(c)(3) nonprofit foundation to fund trade students’ classroom supplies, competition travel, and other needs outside traditional government budgeting. Waste Management: The USVI Senate approved a green waste disposal measure allowing controlled incineration only when other safer options (like shredding, mulching, composting, and reuse) aren’t available, with added rules to reduce smoke and particulate impacts. Community & Health: Baker & Partners, International Motors and Riteway plan a monthly blood donation programme for Dr D. Orlando Smith Hospital, starting Friday as a six-month pilot. Local Public Safety: Police responded to a customer brawl at RiteWay in Pasea, with the company saying no injuries were reported and security worked to de-escalate.
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.