AGP Executive Report
Last update: 8 hours agoBanking & Regulation: The Central Bank of Barbados has seized management and control of Zeemoney (Barbados) Limited, suspending its money/value transmission services and moving to wind up the firm after concerns over its financial position and business practices. Corporate Finance: Butterfield Bank is seeking shareholder approval to issue about 11.58 million new shares tied to its roughly US$1.8bn purchase of CIBC Caribbean, with the deal requiring regulatory approvals on the enlarged group. Capital Markets: JPK Capital Holdings (Barbados) filed an early warning report on AmeriTrust Financial Technologies after its combined holding fell below the 10% threshold due to treasury issuances. Energy & Infrastructure: A US$105.8m coastal resilience programme is set to begin later this year to tackle erosion in priority areas, with most funding from the IDB. Agribusiness Deal Fallout: Mediation between CoopEnergy Barbados and BAMC has broken down, leaving members to decide next steps after the partnership’s renewable-energy plan stalled. Education & Skills: CXC launched the Caribbean Targeted Education Certificate (CTEC), touting improved math and English results and rolling out focus modules for students across the region. Local Business & Community: Bryden & Sons reported a profit drop to US$278,000 for H1 2026 amid softer demand in key markets. Sports & Tourism Business Pulse: Barbados Tridents stayed unbeaten in CPL 2026 with a nine-run win over St Lucia Kings, while CPL also confirmed Dwayne Bravo and Ian Bishop as inaugural Hall of Fame inductees.
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.