AGP Executive Report

All-Inclusive Deal: Royal Caribbean Group has signed an agreement to buy a 50% stake in Sandals and Beaches Resorts for about US$3 billion, aiming to expand the cruise giant’s land-based vacation business across the Caribbean; the joint venture will keep existing reservations and operations running as usual, with the deal expected to close in early 2027. Local Tourism Pipeline: The Turks and Caicos Government says cabinet has approved five major projects worth about $1.18 billion, including Royal Reef (North Caicos) and Grace Retail and Residences, as part of Invest TCI’s push to turn investment plans into construction. Hospital Contract Tension: TCIG says InterHealth Canada faces material risks to continued hospital operations due to withheld infrastructure payments since January 2025, while the government insists clinical services will continue during the transition to a successor arrangement. Banking/Finance Watch: Butterfield CEO Michael Collins sold 207,037 shares for about US$12.75m ahead of the bank’s CIBC Caribbean acquisition steps. Trade & Business Events: Registration is open for Made in TCI 2026 (Grace Bay, 21 Nov) and the inaugural Grand Turk Trade Expo (14 Nov), giving local entrepreneurs a platform to sell and connect.

Hospital Contract Fallout: The Turks and Caicos Government says InterHealth Canada faces “material risks” to hospital operations after infrastructure concerns and withheld payments, with legal proceedings now underway—while the government insists clinical services won’t stop during a transition to a successor provider. Tourism & Investment Pipeline: Cabinet has approved five major projects worth about $1.18 billion, including Royal Reef (North Caicos) and retail/residential developments, as Invest TCI pushes a broader pipeline and construction continues on Salterra’s expansion. Energy & Regulation: Pelican Energy TCI says it has applied to extend public supplier licences for Grand Turk and Salt Cay under the Electricity Act, aiming to support long-term system investment. Banking & Corporate Moves: Butterfield CEO Michael Collins sold $12.75m in shares ahead of the bank’s CIBC Caribbean acquisition process. Local Business Calendar: Registration is open for Made in TCI 2026 and the inaugural Grand Turk Trade Expo in November, giving local firms a platform to sell, network and grow. Economy Outlook: The 2026–2027 Throne Speech projects modest 2.5% growth, with tourism moderating and imported fuel and goods keeping the territory exposed to external price shocks. Hospitality Market Signals: Royal Caribbean and Sandals announced a landmark partnership tied to Sandals/Beaches expansion across the Caribbean, with Turks and Caicos included via Beaches resorts. Community & Education: Ashley’s Learning Center reports a sharply lower 2025–26 surplus as costs rise while expansion plans move forward.

Investment Pipeline: Turks and Caicos Cabinet has approved five major developments worth about $1.18 billion, including Royal Reef (North Caicos), Dellis Cay, Janu, Corinthia, and Grace Retail and Residences, as the government pushes projects through Invest TCI and reports 16 projects (~$2.57b) now under construction. Tourism & Ports: The Throne Speech also flags continued work on Salterra’s $89.3m South Caicos expansion and ongoing talks with MSC and Carnival on a $177.3m cruise and landside plan for Grand Turk. Healthcare Continuity: InterHealth Canada says clinical operations at Grand Turk and Providenciales hospitals face material risks because TCIG has withheld contract payments since Jan 2025, while TCIG insists care will continue during a transition to a successor provider. Energy Regulation: Pelican Energy TCI confirms it has applied to extend public supplier licences for Grand Turk and Salt Cay under the Electricity Act, supporting long-term system investment. Banking & Corporate Moves: Butterfield CEO Michael Collins sold 207,037 shares for about $12.75m ahead of shareholder actions tied to a potential CIBC Caribbean acquisition; FOCOL Holdings also appointed Anton A. Saunders to its board. Local Business Events: Registration is open for Made in TCI 2026 and the inaugural Grand Turk Trade Expo in November. TCI Economic Outlook: The economy is projected to grow about 2.5% in 2026, with tourism moderating and imported fuel/shipping costs still a key risk.

Healthcare Contract Dispute: InterHealth Canada says Grand Turk and Providenciales hospitals face material risks to continued operations after TCIG withheld contract payments since January 2025, while the government insists there will be no healthcare gap during the transition. Energy & Regulation: Pelican Energy TCI filed to extend its public supplier’s licence for Grand Turk and Salt Cay under the Electricity Act, aiming to support long-term investment and electricity system modernization. Economic Outlook: The 2026–2027 Throne Speech projects modest 2.5% growth for the Turks and Caicos in 2026, citing softer tourism, higher operating costs, and exposure to global fuel and shipping price shocks. Trade & Local Business: Registration opened for Made in TCI 2026 (Grace Bay, 21 Nov) and the inaugural Grand Turk Trade Expo (14 Nov), giving local entrepreneurs a platform to showcase products and services. Connectivity & Competition: Digicel says it will assess the changing digital landscape after Starlink’s entry, while continuing its five-year technology plan. Governance & Oversight: A renewed push to regulate the “bush mechanic” economy highlights public safety and environmental concerns from unlicensed roadside workshops. Board Appointments: FOCOL Holdings appointed Anton A. Saunders to its board, adding executive and financial depth to the energy group serving the Bahamas and TCI. Regional Collaboration: Montserrat joined the Caribbean Overseas Territories Caucus in Bermuda, aligning priorities on pensions, health access, and climate resilience. Infrastructure Finance Focus: CARIF 2026 concluded with a regional push to turn infrastructure plans into bankable, resilient projects that can attract capital and move into delivery.

Tourism & Romance Travel: Travel Time Agency launched DestinationWeddings.ca, a dedicated Canadian boutique for destination weddings, honeymoons and romance trips, with consultations, pricing and payment plans and heavy use of Canadian suppliers like Air Canada Vacations, WestJet Vacations and Sunwing. Energy Regulation: Pelican Energy TCI says it has applied to extend public supplier licences for Grand Turk and Salt Cay under the Electricity Act, with the review underway as part of long-term electricity investment and governance. Healthcare Continuity: The TCI Government outlined a transition away from the InterHealth Canada hospital arrangement, setting up a joint committee and promising no interruption to clinical care, staffing, repairs, supplies or interim financing. Economic Outlook: The 2026–2027 Throne Speech projects about 2.5% economic growth for 2026, with tourism moderating, costs rising and fuel/import shocks remaining a key risk. Local Business & Trade: Registration opened for Made in TCI 2026 and the inaugural Grand Turk Trade Expo, giving local entrepreneurs a platform to showcase products and services in November. Governance & Policy Debate: An opinion piece argues TCI must better regulate the informal “bush mechanic” economy, citing public safety and environmental concerns. Digital Connectivity: Digicel says it will assess the changing digital landscape after Starlink’s entry, while continuing its five-year technology plan. Finance & Appointments: FOCOL Holdings appointed Anton A. Saunders to its board, adding executive and financial depth to the energy group serving The Bahamas and TCI.

Healthcare Transition: The TCI government says it’s moving on from its 25-year InterHealth Canada hospital arrangement, setting up a joint transition committee and promising no care gap while successor plans are developed. Energy & Regulation: Pelican Energy TCI confirms it has applied to extend public supplier licences for Grand Turk and Salt Cay under the Electricity Act, as part of long-term system investment and governance work. Economic Outlook: The 2026–2027 Throne Speech projects about 2.5% growth for the Turks and Caicos economy, with tourism moderating and cost pressures tied to imported fuel and goods. Trade & Local Business: Registration is open for two November events—Made in TCI 2026 and the inaugural Grand Turk Trade Expo—aimed at boosting local brands and connections. Community & Education: Ashley’s Learning Center reports a reduced 2025–26 surplus amid rising costs while planning expansion, and Turks & Caicos Sotheby’s runs a 300+ student back-to-school giveaway. Tourism & Hospitality: Ports of Call Resort joins Hilton’s Tapestry Collection, with renovations planned, while Kokomo Botanical Resort highlights a greener, cottage-style Provo stay. Digital Connectivity: Digicel says it will assess the changing telecom landscape after Starlink’s entry, while continuing its technology plan. Business Climate Watch: A new opinion piece argues TCI should better regulate the “bush mechanic” economy to protect safety and the environment. Regional Context: UK Overseas Territories leaders meet in Bermuda, with Montserrat and TCI pushing shared priorities ahead of the UK Joint Ministerial Council.

Energy & Regulation: Pelican Energy TCI says it has applied to extend its public supplier’s licence for Grand Turk and Salt Cay under the Electricity Act, with reviews underway as eligibility windows open—aimed at funding long-term grid investment and storm-hardening. Healthcare Continuity: The TCI Government is moving to end the InterHealth Canada hospital arrangement, but says a transition committee and interim steps (staffing, repairs, supplies, financing) will keep clinical care uninterrupted. Economic Outlook: The 2026–2027 Throne Speech projects about 2.5% growth for TCI in 2026, with tourism moderating, operating costs rising, and global oil pressures feeding into local prices. Local Business & Trade: Registration is open for Made in TCI 2026 (21 Nov, Grace Bay) and the inaugural Grand Turk Trade Expo (14 Nov, Victoria Public Library), giving local makers and entrepreneurs a platform to sell and network. Governance & Community: The Youth Tribunal returns 23 Sept with a culture-and-history-to-leadership focus, while a 50-year Ministerial Government reflection highlights women’s roles in nation-building. Digital Competition: Digicel says it will assess the changing telecom landscape after Starlink’s entry, while continuing its five-year technology plan. Property & Tourism: Kokomo Botanical Resort is profiled as a greener, cottage-based Provo stay, and Ports of Call Resort has joined Hilton’s Tapestry Collection with a renovation planned.

Energy & Regulation: Pelican Energy TCI says it has applied to extend its public supplier’s licence for Grand Turk and Salt Cay under the Electricity Act, with the statutory review underway as the company pushes for long-term energy security, investment and system modernization. Healthcare Continuity: Government says the InterHealth Canada hospital arrangement is ending, but a transition committee and interim steps (staffing, repairs, supplies and financing) are meant to keep clinical care uninterrupted while successor arrangements are developed. Economic Outlook: The 2026–2027 Throne Speech projects about 2.5% growth for TCI in 2026, with tourism moderating, costs rising and fuel-import exposure keeping the territory sensitive to global price shocks. Business & Trade: Registration is open for two November events—Made in TCI 2026 and the inaugural Grand Turk Trade Expo—aimed at boosting local brands, connections and sales. Digital Connectivity: Digicel says it will assess how Starlink’s entry changes the digital landscape while continuing its five-year technology plan. Policy & Labour: An opinion piece argues TCI should tighten immigration and work-permit protections so residents aren’t left behind as the economy grows. Community & Education: Ashley’s Learning Center reports a sharp drop in surplus as costs rise while it prepares to expand; meanwhile, TCS Sotheby’s runs a back-to-school giveaway for 300+ students. Tourism & Mobility: Travel coverage highlights wellness sports like padel/pickleball and short-break planning, while airline news points to continued Caribbean route growth.

Energy & Regulation: Pelican Energy TCI says it has applied to extend its public supplier’s licence for Grand Turk and Salt Cay under the Electricity Act, with the statutory review now underway and further extensions planned as remaining licences become eligible—aimed at long-term electricity security and investment. Public Services Continuity: Government says the InterHealth Canada hospital arrangement is ending, but a transition committee and interim steps (staffing, repairs, supplies, financing) are meant to prevent any healthcare gap as successor arrangements are developed. Economic Outlook: The 2026–2027 Throne Speech projects about 2.5% growth for TCI in 2026, with tourism moderating, costs rising, and fuel-import exposure keeping the territory sensitive to global price shocks. Business & Trade: Registration is open for Made in TCI 2026 and the inaugural Grand Turk Trade Expo, giving local makers and entrepreneurs a platform to sell, connect, and build visibility in November. Digital Connectivity: Digicel says it will assess the changing telecom landscape after Starlink’s entry, treating it as an opportunity while continuing its five-year network plan. Local Economy Watch: A new editorial argues TCI must finally regulate the “bush mechanic” economy, citing safety and environmental risks from unlicensed operations. Community & Skills: Ashley’s Learning Center reports a much smaller 2025–26 net surplus as costs rose while it prepares to expand, and a back-to-school giveaway by Turks & Caicos Sotheby’s International Realty drew 300+ students.

Healthcare Transition: The TCI government says the InterHealth Canada hospital contract is ending, but a joint transition committee will manage the handover so clinical care and facilities services continue without interruption. Economic Outlook: The 2026–2027 Throne Speech projects about 2.5% growth for the Turks and Caicos this year, with unemployment staying under 4.5%, while tourism moderates and imported fuel/shipping pressures feed into local prices. Trade & Local Business: Registration is open for two November events—Made in TCI 2026 (21 Nov, Grace Bay) and the inaugural Grand Turk Trade Expo (14 Nov, Grand Turk)—aimed at boosting local brands and connections. Energy & Governance: FOCOL Holdings appoints Anton A. Saunders to its board, adding finance and risk leadership as it strengthens its energy role across The Bahamas and TCI. Digital Connectivity: Digicel says it will assess how Starlink’s arrival changes the digital landscape while continuing its five-year technology plan. Finance & Crypto: KuCoin goes live on Arc mainnet and launches new KuCoin Wealth products, expanding access to onchain-linked strategies. Tourism & Hospitality: Ports of Call Resort joins Hilton’s Tapestry Collection, with renovations planned for lobby and shared areas. Community & Education: Ashley’s Learning Center reports a smaller 2025–26 net surplus as costs rise, even as tuition and events grow.

Trade & Local Business: Registration is open for two November events: the inaugural Grand Turk Trade Expo (14 Nov, Victoria Public Library) and the 5th Annual Made in TCI Trade Show & Exhibition (21 Nov, Allegro Road, Grace Bay), giving entrepreneurs a platform to showcase products and build customer links. Healthcare Continuity: The TCI Government says the InterHealth Canada hospital arrangement is ending, but a joint transition committee and interim steps (staffing, repairs, supplies, financing) are meant to prevent any care gap. Economic Outlook: The 2026–2027 Throne Speech projects about 2.5% growth for TCI in 2026, with tourism moderating and higher operating costs weighing on momentum. Telecom Competition: Digicel says it will assess the changing digital landscape after Starlink’s entry, while continuing its five-year network plan. Finance & Governance: FOCOL Holdings appoints Anton A. Saunders to its board, adding executive and risk/governance depth. Regional Policy: UK Overseas Territories Minister Uma Kumaran discusses PARBO beneficial ownership access and broader scrutiny of illicit finance, while also focusing on security and border pressures during her TCI visit. Crypto & Payments: KuCoin goes live on Arc at mainnet launch and also expands KuCoin Wealth with new professionally managed products. Community & Education: Ashley’s Learning Center reports a reduced 2025–26 surplus amid rising costs while pushing expansion, and Turks & Caicos Sotheby’s hosts a 300+ student back-to-school giveaway.

Healthcare Transition: The TCI government says the InterHealth Canada hospital arrangement is ending, but a joint transition committee will manage the handover so clinical care and facilities services continue without interruption. Economic Outlook: The 2026–2027 Throne Speech projects TCI growth of about 2.5% in 2026, with tourism moderating and imported fuel and goods keeping the territory exposed to external price shocks. Infrastructure Push: Minister Arlington Musgrove outlines roughly $100 million for roads, airports, ports, drainage and serviced land, including up to $30 million for an interim Howard Hamilton International Airport arrivals hall. Boardroom News: FOCOL Holdings appoints Anton A. Saunders to its board, adding finance and governance experience as the energy group strengthens its regional role. Regional Diplomacy: Cayman will host the 2027 Caribbean Overseas Territories Leaders Caucus, with leaders aligning priorities ahead of the UK Joint Ministerial Council. Connectivity & Telecom: Digicel says it will assess the changing digital landscape after Starlink’s entry, while continuing its five-year technology plan. Business & Community: Ashley’s Learning Center reports a sharp drop in surplus amid rising costs while expanding services; and Turks & Caicos Sotheby’s runs a 300+ student back-to-school giveaway. Travel Links: Southwest Airlines adds/maintains nonstop Caribbean service including Providenciales, Grand Cayman and Aruba.

Healthcare Transition: The TCI government says the InterHealth Canada hospital arrangement is ending, but clinical care and facilities services will continue without interruption as a joint transition committee manages the handover. Economic Outlook: The 2026–2027 Throne Speech projects modest 2.5% growth for the Turks & Caicos in 2026, with tourism moderating and imported fuel and goods keeping the territory exposed to external price shocks. Education & Community: Ashley’s Learning Center reports a sharp drop in its 2025–26 net surplus to $22,129 as costs rise, even as expansion plans move forward. Local Business & Costs: Ashley’s Learning Center also flags tuition arrears as a continuing concern while payroll remains its biggest expense. Digital Connectivity: Digicel says it will assess the changing digital landscape after Starlink’s entry, while continuing its five-year technology plan. Crypto & Finance Access: KuCoin went live on Arc at mainnet launch, and also announced new KuCoin Wealth products aimed at widening access to professionally managed strategies. Governance & Policy Debate: An opinion piece argues TCI should tighten immigration and work-permit protections so local people aren’t left behind as the economy grows. Infrastructure Pipeline: Minister Arlington Musgrove outlines about $100 million in infrastructure investment, including interim Howard Hamilton Airport upgrades. Energy & Corporate Updates: FOCOL reports 50% profit growth and appoints Anton A. Saunders to its board. Tourism & Hospitality: Ports of Call Resort joins Hilton’s Tapestry Collection, with renovations planned, while South Bank continues expanding its residential-style experience. Community Events: Turks & Caicos Sotheby’s International Realty hosts a back-to-school giveaway for 300+ students.

Air Cargo Expansion: BermudAir says it will become the world’s second operator of the Embraer E190F freighter, leasing the aircraft from Regional One—its first E-Freighter deployment in the Americas—aimed at boosting express cargo for islands it serves. Public Health Capacity: CARPHA wrapped its 11th CariPHLN workshop in Bridgetown, bringing lab directors from across the Caribbean (including Turks and Caicos) to strengthen testing networks, preparedness and diagnostic coordination. Telecom Competition: Digicel TCI says it will assess the changing digital landscape after Starlink’s entry, while continuing its five-year technology plan and adjusting strategy for connectivity needs. Crypto Finance Access: KuCoin went live on Arc as a mainnet launch partner, enabling eligible users to move USDC between KuCoin and Arc from day one. Local Business & Community: Turks & Caicos Sotheby’s International Realty held its 3rd Annual Back-to-School Giveaway for 300+ students with supplies, activities and community support. Tourism Investment: Ports of Call Resort in Grace Bay joined Hilton’s Tapestry Collection and plans renovations to lobby and shared areas. Infrastructure Update: Minister Arlington Musgrove outlined about $100m in upgrades across roads, airports, ports, drainage and serviced land, including interim Howard Hamilton Airport works. Governance & Security: UK Overseas Territories Minister Uma Kumaran’s visit to TCI focused on border pressures, crime and national preparedness. Weather Alert: A severe thunderstorm warning was reissued for parts of the southern Bahamas, with a watch still in effect for TCI.

Air Cargo Expansion: BermudAir says it has added a leased Embraer E190F freighter to expand air cargo across Bermuda and the Caribbean, positioning the aircraft as the first E-Freighter deployment in the Americas. Weather Disruption: The Bahamas reissued a Severe Thunderstorm Warning for Acklins, Crooked Island and South Long Island, with hazards including strong winds, lightning, heavy rain and hail; a Severe Weather Watch remains in effect for the Turks & Caicos. Community & Retail Real Estate: Turks & Caicos Sotheby’s International Realty hosted its 3rd Annual Back-to-School Giveaway for 300+ students with backpacks and supplies, reinforcing local business-community ties. Telecom Competition: Digicel says it will assess the changing digital landscape after Starlink’s entry, while continuing its five-year network plan. Crypto & Payments Access: KuCoin went live on Arc at mainnet launch, enabling eligible users to move USDC between KuCoin and Arc from day one, with new KuCoin Wealth products also announced. Local Policy Debate: An opinion piece argues TCI must regulate the “bush mechanic” economy, citing licensing, planning and environmental health concerns. Infrastructure Push: Minister Arlington Musgrove outlined about $100m in infrastructure investment, including near-term airport works and upgrades to roads, ports and drainage. Tourism Development: Ports of Call Resort joined Hilton’s Tapestry Collection, with renovations planned, while South Bank’s Arc neighborhood is set to open Dec. 15, 2026.

Banking Leadership: Border & Cie has appointed Nicolas Porchet as managing partner with unlimited liability, effective immediately, bringing 25+ years of private banking experience across Switzerland and Asia. Tourism & Hospitality: Ports of Call Resort in Grace Bay has joined Hilton’s Tapestry Collection, with a planned renovation of the lobby, fitness centre and shared areas while the property stays open. Tech & Consumer Costs: Apple is bundling Apple TV and Apple Arcade into paid iCloud+ plans in 100+ countries (with Apple Music Select in some markets), a move that could reshape subscription spending for residents and visitors. Governance & Security: UK Overseas Territories Minister Uma Kumaran’s first visit to TCI focused on border pressures, crime and preparedness, with briefings on intelligence-sharing and operational readiness. Infrastructure Spending: Minister Arlington Musgrove outlined about $100m in upgrades across roads, airports, ports, drainage and serviced land, including an interim Howard Hamilton Airport arrivals hall plan. Energy & Corporate Performance: FOCOL reported a 50.1% jump in 2025 net profit to B$44.4m alongside B$89.3m in capital additions, as it pushes execution on energy investments. Policy Debate: An opinion piece warns TCI must regulate the “bush mechanic” economy, citing licensing, planning and environmental health gaps and public safety risks. Regional Finance/Trade: Caribbean Overseas Territories leaders met in Bermuda to align positions on climate, health, financial services and trade partnerships ahead of UK talks.