AGP Executive Report

Caterpillar 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.

Airport Upgrade Watch: Turks and Caicos is pushing ahead with a US$500M-plus national airport programme, with architects appointed for an interim Terminal B at Howard Hamilton International and construction delivery targeted over the next 18 months, alongside further radar, taxiway and runway work across islands. Tourism Investment Pulse: Corinthia is planning a 50-suite Grace Bay hotel with branded residences and villas, adding to a fast-moving branded-residences pipeline on the island’s most valuable beachfront. Healthcare & Public Health: PAHO highlighted major health security and disease-elimination progress across the Americas, including Turks and Caicos receiving certification for elimination of mother-to-child transmission of hepatitis B, while also warning of ongoing health threats. Local Business & Community Health: Graceway Communities and the Ministry of Health ran a Caribbean Wellness Health Fair with screenings, blood bank activity, nutrition demos and fitness sessions—showing how local partners are plugging gaps in prevention. Financial Services Oversight: The TCI Financial Services Commission says it’s refining its risk-based supervisory framework to focus resources on the highest-risk areas in the financial sector. Regional Security Politics: Bahamas-US DEA undercover operations sparked fresh diplomatic friction, with Prime Minister Philip Davis in the spotlight over claims the issue is about process rather than targeting criminals. Hospital System Alarm (Opinion): A new op-ed warns Turks and Caicos could face months without a functioning hospital system after InterHealth Canada’s exit, calling for urgent transition planning.

TCI Healthcare Warning: A new op-ed says Turks and Caicos is in a “slow-moving healthcare disaster,” warning that with InterHealth Canada’s exit weeks away there’s no successor, transition plan, or readiness briefing—raising fears of a hospital-system breakdown. Regional Health Security: PAHO’s 63rd Directing Council approved measures to strengthen health emergency preparedness, tackle antimicrobial resistance, curb dengue and other arboviruses, and improve food safety and access to vaccines and medicines across the Americas. TCI Financial Oversight: The Financial Services Commission says it’s refining its risk-based supervisory framework to focus resources on the highest-risk areas using AML/CFT returns, compliance reviews, examinations, and regulatory engagements. TCI Airport Push: Infrastructure Minister Arlington Musgrove reports progress on a US$500M-plus national airport programme, including Terminal B at Howard Hamilton International and further radar, taxiway, and runway work across islands. Tourism & Development: Corinthia plans a 50-suite Grace Bay hotel with branded residences; meanwhile, a separate report questions whether rock groynes should be added to protect Grace Bay beach erosion near a new Kempinski resort. Business Linkages: Massy’s sale of its Caterpillar business in Trinidad to MACORP highlights regional dealer reach that includes Turks and Caicos.

Airport & Infrastructure: Turks and Caicos is pushing ahead with a US$500M-plus national airport programme, with Terminal B design work underway at Howard Hamilton International and construction delivery targeted within 18 months, alongside radar/taxiway and North Caicos runway planning. Trade & Compliance: Border Force is rolling out new licensing for commercial alcohol and tobacco imports starting 1 Nov 2026, with unlicensed shipments facing detention, seizure or forfeiture from 1 Dec. Healthcare: A new op-ed warns TCI’s hospital system is nearing a breaking point as InterHealth Canada’s exit approaches, calling out lack of a successor and transition plan. Public Health Milestone: PAHO recognized Turks and Caicos for disease elimination progress, including certification for eliminating mother-to-child transmission of HIV and validation for hepatitis B. Tourism & Hospitality Growth: Luxury investment continues with Corinthia planning a 50-suite Grace Bay hotel plus residences, while Windsong’s rooftop “Skypool” villas add private elevator access and rooftop amenities. Business & Finance: Invest TCI held its 5th AGM focused on investment and workforce opportunity, and Scotiabank expanded its regional art footprint by acquiring work from TCI artist HezronH. Border Tech Pitch: Liberty Caribbean says it can help digitise TCI border control end-to-end, including scanners and biometrics. Community Health Event: Graceway Communities and the Ministry of Health ran a Caribbean Wellness Health Fair with screenings, education, blood bank activity and fitness sessions.

Deal Watch: Massy Group has sold its Caterpillar business in Trinidad and Tobago to Machinery Corporation Motors (MACORP), a locally registered subsidiary of Machinery Corporation of America, with MACORP operating across the region including Turks and Caicos; Massy says the move won’t affect 200 workers and that employees may be considered for roles with the new operator. Health & Community: Graceway Communities and the Ministry of Health ran a Caribbean Wellness Health Fair at Graceway IGA, delivering screenings (blood pressure, cholesterol, blood sugar, weight, STI tests), blood bank groupings, nutrition samples, and fitness activities. Tourism & Hospitality: Lua Beach House at South Bank Resort won a 2026 Tripadvisor Travelers’ Choice award (top 10% of restaurants), while Aggressor Adventures notched 118 Scuba Diving Magazine Readers’ Choice awards. Infrastructure & Trade: The Border Force announced new licensing for commercial alcohol and tobacco imports starting 1 Nov 2026, with shipments without licences facing detention, seizure or forfeiture from 1 Dec 2026. Public Health Milestone: PAHO recognized Turks and Caicos for disease elimination progress, including certification for elimination of mother-to-child transmission of HIV and validation for hepatitis B.

Deal & Jobs: Massy Group confirmed it is selling its Caterpillar dealership to MACORP, a locally registered subsidiary of Machinery Corporation of America, saying the move is meant to give the Caterpillar business “the strongest opportunity to grow,” with a focus on a careful transition for affected employees. Aviation & Infrastructure: The TCI government says the US$500M airport programme is advancing, with Terminal B design work for Howard Hamilton International underway and construction delivery targeted over the next 18 months, alongside radar and runway planning for other airports. Border & Trade Compliance: New licensing rules for commercial importers of alcohol and tobacco take effect 1 November 2026, with shipments without a licence set to be detained, seized or forfeited from 1 December. Financial Oversight: The Financial Services Commission says it is refining its risk-based supervisory framework to focus resources on the highest-risk areas. Tourism & Development: Corinthia plans a 50-suite Grace Bay hotel with branded residences, while Invest TCI’s AGM highlighted investment growth and workforce opportunity. Public Health Milestone: PAHO recognized Turks and Caicos for disease elimination progress, including certification for elimination of mother-to-child transmission of HIV and validation for hepatitis B. Healthcare Warning: A new op-ed argues TCI’s hospital system faces an urgent collapse risk as InterHealth Canada’s exit approaches, calling for immediate action and a clear transition plan.

Healthcare Risk: A new op-ed warns TCI’s hospital system could face months without a functioning setup as InterHealth Canada’s exit nears, citing no successor, no transition plan, and no public readiness briefing. Tourism & Hospitality: Lua Beach House at South Bank Resort in Providenciales won a Tripadvisor Travelers’ Choice award (top 10% of restaurants), while Windsong Resort is marketing Skypool Rooftop Beachfront Villas with private rooftop terraces reached by elevator. Investment & Development: Invest TCI held its 5th AGM focused on investment and workforce opportunity, and the government says the US$500m airport programme is moving ahead with Terminal B works and further radar/taxiway planning. Trade & Compliance: Border Force is introducing new licensing for commercial alcohol and tobacco imports starting 1 Nov 2026, with unlicensed shipments facing detention or forfeiture from 1 Dec. Financial Services Oversight: The Financial Services Commission says it’s refining its risk-based supervisory framework to target the highest-risk areas. Regional Health Milestone: PAHO recognized Turks and Caicos for disease elimination progress, including certification for mother-to-child HIV transmission elimination. Border Security Tech: Liberty Caribbean says it can support a digital-first upgrade to TCI border control operations end-to-end. Luxury Real Estate: Corinthia plans a 50-suite Grace Bay hotel with branded villas and residences, adding to the island’s branded-residence boom.

Tourism & Investment: Luxury development momentum keeps building: Corinthia is planning a 50-suite Grace Bay hotel with branded villas, casitas and residences, while Invest Turks and Caicos’ 5th AGM highlighted investment growth and workforce opportunity. Infrastructure: The TCI airport programme pushes past US$500m, with Terminal B work at Howard Hamilton International targeted for delivery over the next 18 months and further redevelopment planning underway. Border & Trade Compliance: New licensing rules for commercial alcohol and tobacco imports kick in 1 Nov 2026, with unlicensed shipments set to be detained or seized from 1 Dec. Financial Services Oversight: The Financial Services Commission says it’s refining its risk-based supervision to focus resources on the highest-risk areas. Public Health Milestones: PAHO recognized Turks and Caicos for disease elimination progress, including certification for elimination of mother-to-child transmission of HIV and hepatitis B. Digital Border Security Pitch: Liberty Caribbean is promoting “digital-first” border-control modernisation, including scanners and biometrics, as a potential partner path. Business Spotlight: Aggressor Adventures racked up 118 Scuba Diving Magazine Readers’ Choice Awards, reinforcing the brand’s Caribbean dive appeal. Environment & Planning: A debate is brewing over proposed rock groynes on Grace Bay Beach to address erosion near the Kempinski resort.

Airport Upgrade Watch: Turks and Caicos is pushing ahead with a US$500M+ national airport programme, including work on Terminal B at Howard Hamilton International, radar and runway/taxiway planning, and continued port and road projects across islands. Investment & Tourism Pipeline: Invest TCI’s 5th AGM highlighted workforce opportunity alongside tourism-led growth, with Premier and Finance Minister Charles Washington Misick stressing that progress must lift people, not just buildings. Branded Development on Grace Bay: Corinthia is planning a 50-suite Grace Bay hotel plus branded villas, casitas and residences, while another Grace Bay project pairs Corinthia and Carolina Partners on a similar 50-suite concept. Border & Trade Compliance: New licensing rules for commercial alcohol and tobacco imports kick in from 1 Nov 2026, with unlicensed shipments facing detention or forfeiture from 1 Dec. Financial Services Oversight: The Financial Services Commission says it’s refining its risk-based supervisory framework to focus resources on the highest-risk areas. Public Health Milestones: PAHO’s annual report notes Turks and Caicos received certification for elimination of mother-to-child transmission of HIV and validated elimination of hepatitis B. Regional Security Tech Pitch: Liberty Caribbean says it can support a digital-first border security upgrade, including scanners and biometrics, though no contract was announced. Marine Conservation Debate: An opinion piece argues TCI’s reef-dependent economy needs faster, better-funded conservation coordination as growth outpaces protection.

Tourism & Real Estate Boom: Luxury development momentum keeps rolling in Turks & Caicos, with Corinthia planning a 50-suite Grace Bay hotel plus branded villas, casitas and condominiums, and another Grace Bay project from Corinthia and Carolina Partners targeting the “last undeveloped” beachfront parcel. Vertical Luxury: Windsong Resort’s Skypool Rooftop Beachfront Villas are being marketed as a new kind of private stay, with rooftop terraces, jacuzzis, BBQ areas and private elevator access. Airport Upgrade Push: Government says the US$500m airport programme is advancing, including work on Terminal B at Howard Hamilton International and further redevelopment planning for Providenciales, alongside radar and runway-related procurement steps. Investment & Jobs Focus: Invest Turks and Caicos held its 5th AGM under “Investment and Opportunity,” with Premier/Finance Minister Charles Washington Misick stressing that growth must lift people alongside new capital. Border & Trade Compliance: New licensing rules for commercial alcohol and tobacco imports kick in from 1 Nov 2026, with licences required before importing and enforcement/possible detention for non-compliant shipments from 1 Dec. Financial Services Oversight: The Turks and Caicos Financial Services Commission says it’s refining its risk-based supervisory framework to target the highest-risk areas. Regional Health Milestone: PAHO reports Turks and Caicos received certification for elimination of mother-to-child transmission of hepatitis B, alongside other Americas health gains. Border Security Tech Pitch: Liberty Caribbean is promoting “digital-first” border control modernization, offering scanners, biometrics and end-to-end digitisation support. Marine Conservation Debate: A renewed call is made for stronger, coordinated reef and coastal conservation funding and research to protect the tourism engine.

Branded Luxury on Grace Bay: Corinthia is planning its first Caribbean branded development on Providenciales’ Grace Bay—a 50-suite Corinthia hotel plus beachfront villas, casitas and condominiums, with spa, pools, beach club and restaurants. Airport Push: Government says the US$500m-plus national airport programme is advancing, with Terminal B design work underway at Howard Hamilton International and further radar, taxiway and runway work expected to move to tender soon. Border & Trade Compliance: New licensing rules for commercial alcohol and tobacco imports will start 1 Nov 2026, with unlicensed shipments facing detention, seizure or forfeiture from 1 Dec. Financial Services Oversight: The Turks and Caicos Financial Services Commission says it’s refining its risk-based supervisory framework to focus resources on the highest-risk areas. Border Security Tech Pitch: Liberty Caribbean says it can help digitise TCI border control end-to-end using scanners, biometrics and secure connectivity. Hospitality Deal Signals Bigger Tourism Demand: Royal Caribbean Group’s US$3bn plan to buy a 50% stake in Sandals and Beaches highlights continued investment momentum across the Caribbean, including Beaches in Turks and Caicos. Maritime/Disaster Readiness: HMS Trent trained with the US Coast Guard in the Caribbean, supporting hurricane-season readiness and anti-drug operations. Culture & Art in the Spotlight: Scotiabank acquired a Turks and Caicos artist’s work for its Global Art Program, boosting visibility for local contemporary art.

All-Inclusive Push: Royal Caribbean Group has agreed to buy a 50% stake in Sandals and Beaches Resorts in a deal valued at about US$3 billion, expected to close in early 2027—an expansion that puts Turks and Caicos’ Beaches brand in a bigger global vacation ecosystem. Border Rules Update: Turks and Caicos Border Force says new licensing for commercial alcohol and tobacco imports starts 1 Nov 2026, with unlicensed shipments potentially detained, seized or forfeited from 1 Dec. Border Tech Pitch: Liberty Caribbean says it can help TCI “digitise” border control end-to-end using scanners and biometrics, though no contract was announced. Hospital Contract Tension: The TCI government says InterHealth Canada faces material risks to continued hospital operations after infrastructure payments were withheld since Jan 2025, with the dispute now headed to legal proceedings. Tourism Development: Cabinet has approved major projects worth about $1.18 billion, including Royal Reef (North Caicos), Dellis Cay, Janu, Corinthia and Grace Retail & Residences. Local Hospitality Growth: Corinthia and Carolina Partners plan a new Grace Bay hotel and branded residences on the last undeveloped beachfront parcel. Health & Resilience: CARPHA and PAHO convened Caribbean labs and surveillance teams in Trinidad to strengthen respiratory virus detection and response. Business Leadership: Butterfield CEO Michael Collins sold about $12.75m in shares ahead of the bank’s annual meeting and its CIBC Caribbean acquisition steps.

TCI Border Rules for Alcohol & Tobacco: Turks and Caicos Border Force says a new licensing regime starts 1 Nov 2026 for commercial importers of alcohol and tobacco, with unlicensed shipments at risk of detention, seizure or forfeiture from 1 Dec. Border Tech Offer: Liberty Caribbean pitched a “digital-first” smart-border upgrade for TCI, offering scanners, biometrics and end-to-end digitisation (no contract announced). Hospital Contract Tensions: Government and InterHealth Canada remain locked in a dispute over hospital infrastructure upkeep and withheld payments, with TCIG warning of material risks to continued operations. Tourism & Development Pipeline: Cabinet-approved projects worth about $1.18bn are advancing, including Royal Reef (North Caicos), Dellis Cay, Janu, Corinthia, and Grace Retail & Residences. New Grace Bay Resort Plan: Corinthia and Carolina Partners unveiled a new 50-suite Corinthia hotel plus branded residences on an undeveloped Grace Bay beachfront parcel. All-Inclusive Investment Shockwave: Royal Caribbean agreed to buy a 50% stake in Sandals and Beaches Resorts for about US$3bn, expected to close in early 2027. Regional Health Focus: CARPHA and PAHO ran a respiratory virus surveillance and lab diagnostics workshop across 11 Caribbean countries. Crypto Security Update: KuCoin upgraded its wallet management to CCSS Level 3 certification.

Border & Compliance: Turks and Caicos Border Force says new licensing rules for commercial alcohol and tobacco imports start 1 Nov 2026, with licences required before importing and unlicensed shipments facing detention, seizure or forfeiture from 1 Dec 2026. Tourism Investment: Royal Caribbean Group has agreed to buy a 50% stake in Sandals and Beaches Resorts for about US$3 billion, aiming to accelerate all-inclusive growth across the Caribbean; the deal is expected to close in early 2027. Local Development Pipeline: TCI Cabinet-approved projects worth about $1.18 billion are moving ahead, including Royal Reef (North Caicos), Dellis Cay, Janu, Corinthia, and Grace Retail & Residences. Healthcare Contract Tensions: The Government says InterHealth Canada faces material risks to hospital operations amid a dispute and withheld infrastructure payments, with matters now before legal proceedings. Digital Borders (Tech Pitch): Liberty Caribbean says it can help TCI modernise border security with a “digital-first” system, including connectivity, scanners and biometrics. Business & Finance Watch: Butterfield CEO Michael Collins sold 207,037 shares for about $12.75m, citing diversification and estate planning. Public Health: CARPHA and PAHO ran a regional workshop in Trinidad to strengthen respiratory virus surveillance and lab diagnostics across 11 Caribbean countries. Opinion: A local op-ed argues TCI’s conservation and marine protection efforts need stronger coordinated funding and action as tourism growth outpaces protection.

All-Inclusive Deal Watch: Royal Caribbean Group has agreed to buy a 50% stake in Sandals and Beaches Resorts for about US$3 billion, aiming to expand beyond cruises into land-based all-inclusives; the joint venture is expected to close in early 2027. TCI Border Compliance: Turks and Caicos Border Force says new licensing rules for commercial alcohol and tobacco imports start 1 Nov 2026, with unlicensed shipments potentially detained, seized or forfeited from 1 Dec. Hospital Operations Risk: The Government says InterHealth Canada faces material risks to continued hospital operations after infrastructure payments were withheld since Jan 2025, with the dispute now headed to legal proceedings. Local Governance & Accountability: An opinion piece argues TCI’s marine conservation and reef protection need stronger coordinated government action and funding, not just NGO-led support. Border Security Tech Pitch: Liberty Caribbean says it can help modernise TCI border security with a “digital-first” system, including scanners and biometrics, though no contract was announced. Tourism Development Pipeline: Cabinet-approved projects worth about $1.18 billion are advancing, including Royal Reef (North Caicos), Dellis Cay, Janu, Corinthia and Grace Retail and Residences. Energy Regulation: Pelican Energy TCI says it has applied to extend public supplier licences for Grand Turk and Salt Cay under the Electricity Act, supporting long-term system investment. Crypto Security Update: KuCoin announced its PROOF campaign and a wallet security upgrade to CCSS Level 3 certification.

Border & Compliance: Turks and Caicos Border Force says new licensing rules for commercial alcohol and tobacco imports start 1 Nov 2026, with licences required before importing and unlicensed shipments potentially detained or forfeited from 1 Dec 2026. Public Services & Health Infrastructure: The Government and InterHealth Canada remain locked in a dispute over hospital maintenance and withheld infrastructure payments, with the Government warning of material risks to continued operations. Digital Border Security: Liberty Caribbean says it can help TCI modernise border control with a “digital-first” approach, including scanners and biometrics, though no contract was announced. Tourism & Investment Pipeline: Cabinet-approved projects worth about $1.18 billion are advancing, including Royal Reef (North Caicos), Dellis Cay, Janu, Corinthia, and Grace Retail and Residences. Hospitality Deal Watch: Royal Caribbean Group’s $3B plan to buy a 50% stake in Sandals and Beaches is set to reshape all-inclusive competition across the Caribbean, including Beaches in Turks and Caicos. Energy Sector: Pelican Energy TCI filed to extend public supplier licences for Grand Turk and Salt Cay under the Electricity Act, supporting long-term power system investment. Governance & Accountability: A fresh opinion piece argues TCI’s public announcement cycle has become too predictable, pushing for a “Verifiable Public Statement Act.”