AGP Executive Report
Last update: 2 hours agoCaterpillar Deal Fallout: Massy Holdings says it expects an accounting loss of about US$9.8m tied to selling its Caterpillar-related business in Trinidad and Tobago to MACORP, with employee severance making up more than half, while cash proceeds are expected at roughly US$16m. Regional Business Links: Massy also says the Caterpillar business spans multiple markets including Turks and Caicos, and that affected workers may be considered for roles with MACORP. TCI Health & Community: Graceway Communities and the Ministry of Health ran a Caribbean Wellness Health Fair in Leeward, offering screenings (blood pressure, cholesterol, blood sugar, weight, STI testing), blood bank services, nutrition demos, and fitness activities. Airport Push: TCI’s airport programme tops US$500m, with Terminal B work at Howard Hamilton targeted for delivery within 18 months and further radar, taxiway, runway and North Caicos upgrades in the pipeline. Tourism & Luxury Momentum: Corinthia plans a 50-suite Grace Bay hotel plus branded residences, while Lua Beach House at South Bank won a Tripadvisor Travelers’ Choice award. Health Milestone: PAHO reports Turks and Caicos has been certified for elimination of mother-to-child transmission of HIV and validated for hepatitis B elimination. Financial Oversight: The Financial Services Commission says it’s refining its risk-based supervisory framework to focus resources on the highest-risk areas.
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