AGP Executive Report
Last update: 6 hours agoCruise-to-resort mega-deal: Royal Caribbean Group has confirmed it will buy a 50% stake in Sandals and Beaches Resorts for about US$3 billion, creating a 50-50 joint venture aimed at pushing Royal Caribbean deeper into the all-inclusive market; the deal is expected to close in early 2027, with existing resort and cruise operations continuing as normal. Local tourism pipeline: The Turks and Caicos Government says Cabinet has approved major projects worth about $1.18 billion, including Royal Reef (North Caicos) and Grace Retail and Residences, as part of its Invest TCI push. Healthcare continuity dispute: TCIG says clinical services will continue during the transition away from InterHealth Canada, while InterHealth warns hospital facilities face material risks due to withheld infrastructure payments and an ongoing contractual dispute. TCI economy outlook: The 2026–2027 Throne Speech projects modest growth of about 2.5% for 2026, with tourism and construction still the main drivers. Business & community events: Registration is open for the inaugural Grand Turk Trade Expo (14 Nov) and Made in TCI 2026 (21 Nov), giving local entrepreneurs a platform to sell and network. Regional business governance: Butterfield CEO Michael Collins sold about US$12.75m in shares ahead of the bank’s annual meeting, tied to diversification and estate planning.
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