AGP Executive Report
Last update: 2 hours agoBusiness: ANSA McAL’s nine-month profit rose 4.4% to TT$413.9 million, helped by asset-sale gains, including a partial sale of its Barbados investment in Roberts Manufacturing. Revenue grew 2%, while adjusted EBITDA fell 2%. Energy: Barbados has signed a development agreement with Danish firm Wavepiston for a project intended to supply renewable power and desalinated water to the Ocean Valley Data Centre and Industrial Park. Agriculture: Barbados is developing a strategic plan to address declining sugar production, with researchers calling for better management and higher-value products. Guyana says it has begun exporting corn and soya to Barbados as it expands regional food production. Manufacturing: Nigeria, Barbados and Afreximbank are advancing a proposed US$32 million IV-fluids plant, with capacity for 12 million units a year and production targeted for 2029, subject to approvals and financing. Tourism: Barbados won silver as the world’s second-most desirable island country in the 2026 Wanderlust Reader Travel Awards. Entrepreneurship: FiX27 will host a Caribbean Startup World Cup semi-final in Barbados in January, giving the winning startup a chance to compete for US$1 million in investment.
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