AGP Executive Report
Last update: 11 hours agoTourism Workforce: Peter Island Resort and the Virgin Islands School of Technical Studies have launched a club linking students with hospitality mentors, masterclasses and work placements. Financial Services: Tata Power says shares in two Singapore subsidiaries are pledged to banks and unlikely to be sold immediately as it appeals a court order enforcing a more than US$650 million award to BVI-based Kleros Capital. The appeal is scheduled for January 19; Tata says no provision is needed for now. Separately, Butterfield executives briefed the Premier on the proposed US$1.8 billion acquisition of CIBC Caribbean and its potential impact on local banking. Insurance: The Insurance Association of the BVI named Lynette Ramoutar president of its new executive board. Utilities and Infrastructure: BVIEC and the Water and Sewerage Department are set to operate as VIEWCo from December 1. Engineers also report the Beef Island Bridge is in good overall condition.
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