AGP Executive Report
Last update: 8 hours agoLocal Governance: Government has published the Local Companies (Control) (Amendment) Bill, 2026, which would let Cabinet pause the issuance of licences for foreign-owned businesses in sectors deemed in the public interest—aimed at boosting opportunities for Caymanian entrepreneurs, with particular focus on real estate and property development. Cost of Living & Travel: Opposition MP Pearlina McGaw-Lumsden is pushing to raise the duty-free traveller allowance for residents returning from overseas from $500 to $800, arguing it hasn’t changed in at least eight years and no longer matches inflation. Health Policy: Coralisle Medical (CG BritCay) is seeking about a 25% increase to SHIC basic plan premiums from 1 July, but the Health Insurance Commission can block it and the government says it will resist. Regional Diplomacy: BVI’s Special Envoy Benito Wheatley urged the UN decolonization committee to use its mandate more actively, including via visiting missions, to advance remaining territories’ paths to self-government. Appointments & Business: Consolidated Water named water-industry veteran Sachin Chawla as Senior VP, Strategy and Growth; Green Circle Decarbonize Technology appointed Louis Ho Ming Leung as CFO. Public Safety: A 6.1 earthquake off Cuba was felt across Florida, prompting evacuations and temporary ride closures, with no tsunami threat reported.
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