AGP Executive Report
Last update: 12 hours agoCruise Infrastructure: Carnival has finished a pier extension at Celebration Key in the Bahamas, doubling capacity to four ships at once and boosting daily arrivals to 13,000-plus—an indicator of how fast Caribbean cruise demand is rising. Tourism & Environment: The Dominican Republic earmarked US$9 million to fight sargassum, to be released only after an offshore collection solution is identified (removal after beaching won’t be enough). Regional Energy Deal: The DR has six months to start oil and gas exploration in Guyana’s Berbice onshore block, with Refidomsa taking a 10% stake and preferential access if reserves are found. Finance & Development: The DR was approved as a Series A shareholder of CABEI, as the bank raised authorized capital to expand lending for infrastructure and public investment. Cruise Growth Push: At the PAMAC Destination Summit in Puerto Plata, officials highlighted cruise passenger growth (up to 2.8M in 2025) and target 3M by end-2026, with major operators in talks. Macroeconomy: The Central Bank reported the economy grew 4.7% year-on-year in May, lifting cumulative growth for 2026 to 4.2%. Legal/Investment Risk: A US-based investor is seeking to seize Dominican Republic assets to satisfy a US$43.7M arbitral award tied to a terminated landfill concession.
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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