AGP Executive Report
Last update: 9 hours agoPrince Group Sanctions: The U.S. Treasury/OFAC sanctioned nine people and 26 entities tied to Cambodia’s Prince Group, including firms linked to the British Virgin Islands, as part of a push to disrupt overseas online scam networks. Local Crime & Consumer Protection: A St. Croix unlicensed contractor, Tyler Peworchik, surrendered after allegedly pocketing $181,000 from 35 checks for renovations that were never completed, according to VIPD. Tourism & Hospitality: Club Med is returning to the U.S. market with a major St. Croix all-inclusive plan—renovating the Carambola Beach Resort for a 2027 reopening and about 400 jobs (200 direct, 200 indirect). Cruise Demand: St. Thomas is projecting 1.25 million cruise passengers next season with 359 ship calls, and five new vessels are set for first-time visits to the WICO dock. Regional Governance: Premier Natalio Wheatley attended the OECS Authority meeting in Antigua, where leaders focused on economic resilience, climate, security, food and energy security, and digital transformation. Infrastructure Progress: Nanny Cay Marina’s $30M expansion hit the halfway mark on the breakwater, with 34,209 tons of rock placed so far. Finance & Tech (BVI): Psalion launched Psalion Lend, a multi-token digital asset-backed lending product with an option for self-custody, targeting institutional liquidity needs. Corrections Budget: The V.I. Bureau of Corrections defended its FY2027 $36.5M budget amid questions about the high cost of housing inmates locally versus off-island facilities.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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