AGP Executive Report
Last update: 8 hours agoNanny Cay Marina Expansion: Nanny Cay Resort & Marina says its $30M south marina breakwater is halfway done, with 34,209 tons of rock placed to build the first 715 feet of a 1,430-foot breakwater for a new 112-slip marina aimed at larger catamarans and megayachts. BVI Investment Confidence: Premier Dr Natalio Wheatley tells ZBVI Radio that investor confidence remains “extremely high” even after the 2022 COI, pointing to continued big tourism bets like Nanny Cay, Biras Creek, and Bitter End. Affordable Housing Push: Wheatley also says an affordable housing initiative will be unveiled in the coming weeks to improve pathways to home ownership via Crown Lands partnerships and other solutions. BVI Finance Outreach: The government plans a representative presence in Panama to strengthen access to a key Latin American business and financial gateway, alongside operationalising the Financial Services Directorate and its “Business Done RIGHT” compliance push. Digital Asset Lending: Psalion launched Psalion Lend in Road Town, offering multi-token digital asset-backed loans to institutions and family offices, with a self-custody option for pledged collateral. Education & Jobs Snapshot (USVI): KIDS COUNT data shows USVI gains in unemployment and public school graduation, but flags ongoing concerns on wages, math scores, dropout levels, and housing pressures. Corrections Budget (USVI): The VI Bureau of Corrections defended its FY2027 $36.5M budget as senators questioned the high cost of housing inmates locally versus off-island options. Court/Business Dispute (BVI): “Please Call Me” inventor Nkosana Makate alleges his Vodacom funding backer, a BVI-registered firm called Black Rock Mining, was effectively non-existent—sparking fresh court action. Regional/Global Finance Watch: FATF kept Nepal on its Grey List, citing remaining strategic gaps, including hawala controls and oversight of high-risk cooperatives and casinos.
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