AGP Executive Report

Space & Tech: SpaceX’s Starship Flight 14 from Starbase, Texas aimed for orbit and deployment of 26 Starlink V3 satellites, with the launch pushing toward a major milestone for future missions. Aviation & Tourism: Southwest announced an 11-route summer 2027 expansion, including new service to Turks and Caicos and the Bahamas, boosting regional connectivity. Hospitality Development: Hyatt moved the opening of Andaz Turks and Caicos at Grace Bay up to April 1, 2027, with 59 rooms and 73 residences. Resort Pipeline: Corinthia plans a 50-suite ultra-luxury hotel and branded residences on Grace Bay, adding another major brand to the islands’ development slate. Infrastructure: Turks and Caicos is advancing a national airport programme worth over US$500m, including interim terminal works at Howard Hamilton International and broader redevelopment planning. Health Milestones: PAHO highlighted Turks and Caicos certification for elimination of mother-to-child transmission of hepatitis B, alongside other regional health gains. Finance & Supervision: The Turks and Caicos Financial Services Commission says it’s refining its risk-based supervisory framework to focus resources where risks are highest. Community Fundraising: Salt Rakers Aquatic Club launched a charity raffle tied to Kew Day Fest, with proceeds supporting the Bight Community Pool.

Aviation & Tourism: Southwest Airlines announced an 11-route expansion for summer 2027, including new service to Turks and Caicos, as part of a broader Caribbean and Central America push. Airport Infrastructure: Turks and Caicos is moving ahead with a US$500M+ national airport programme, with work progressing on Providenciales terminal upgrades and seaport/road projects across islands. Hospitality Development: Corinthia Group plans a 50-suite ultra-luxury Corinthia-branded resort and residences on Grace Bay, adding spa, beach club, restaurants and more. Financial Services Oversight: The Turks and Caicos Islands Financial Services Commission says it’s refining its risk-based supervisory framework to focus resources where risks are greatest. Health Milestones: PAHO highlighted Turks and Caicos among territories achieving mother-to-child transmission elimination milestones for HIV and hepatitis B. Regional Business: Massy Holdings expects an accounting loss of ~US$9.8M tied to selling its Caterpillar-related business in Trinidad and Tobago, with employee severance a major driver. Marine & Community: Salt Rakers Aquatic Club launched a charity raffle ahead of Kew Day Fest to help fund the Bight Community Pool.

Aviation & Tourism Connectivity: Southwest Airlines announced a major summer 2027 expansion, including new service to Turks and Caicos plus the Bahamas, with Austin adding multiple Caribbean routes starting June 2027. Airport Infrastructure: Turks and Caicos is pushing ahead with a US$500M+ national airport programme, including Terminal B at Howard Hamilton International Airport and further radar, taxiway, and runway work across islands. Hospitality Development: Corinthia plans a 50-suite Corinthia-branded hotel and residences on Grace Bay, partnering with the Cummings family for an ultra-luxury project with spa, beach club, and dining. Financial Services Oversight: The Turks and Caicos Financial Services Commission says it’s refining its risk-based supervisory framework to focus resources on the highest-risk areas. Public Health Milestones: PAHO highlighted Turks and Caicos certification for elimination of mother-to-child transmission of hepatitis B, alongside broader health gains across the Americas. Community Fundraising: Salt Rakers Aquatic Club launched a charity raffle tied to Kew Day Fest, with proceeds supporting the Bight Community Pool. Regional Business Linkages: Massy’s Caterpillar business sale in Trinidad and Tobago includes regional operations reaching Turks and Caicos, with MACORP positioned to support customers across the islands. Airline Fleet Update: InterCaribbean began fleet evolution with the first Embraer 170s entering service in Turks and Caicos.

Aviation & Tourism: Southwest Airlines announced a major summer 2027 “route drop,” including new service to Turks and Caicos plus the Bahamas, with 11 routes added across 15 cities and Austin leading with seven new or returning links starting June 2027. Infrastructure & Connectivity: Turks and Caicos is pushing ahead with a national airport programme worth over US$500 million, including interim Terminal B work at Providenciales and a full redevelopment plan targeting 2.5–3 million passengers annually, alongside radar and runway/taxiway upgrades. Hospitality Development: Corinthia plans a 50-suite ultra-luxury Corinthia-branded hotel and residences on Grace Bay, bringing spa, beach club, signature dining and more to the last undeveloped beachfront parcel held by the Cummings family. Financial Services Oversight: The Turks and Caicos Islands Financial Services Commission says it’s refining its risk-based supervisory framework to focus resources on the highest-risk areas. Public Health Milestones: PAHO reports Turks and Caicos received certification for elimination of mother-to-child transmission of hepatitis B, alongside other health gains across the Americas. Community Fundraising: Salt Rakers Aquatic Club launched a charity raffle tied to Kew Day Fest (Oct 17), supporting the Bight Community Pool and swimming opportunities. Regional Business Watch: Massy Holdings in Trinidad expects a US$9.8M accounting loss tied to selling its Caterpillar business to MACORP, with regional operations including Turks and Caicos.

Aviation & Infrastructure: Turks and Caicos is pushing ahead with a US$500M+ national airport programme, with Terminal B work at Howard Hamilton targeted for delivery over the next 18 months, plus broader redevelopment planning and radar/taxiway/runway tenders. Hospitality Development: Corinthia Group is set to build a 50-suite ultra-luxury Corinthia hotel and branded residences on Grace Bay, partnering with Carolina Partners and aiming for a major new North America flagship. Financial Services Oversight: The Turks and Caicos Financial Services Commission says it’s tightening its risk-based supervisory framework, directing resources toward the highest-risk areas using AML/CFT returns, compliance reviews, and regulatory engagements. Tourism & Environment: A proposal before the Planning Board would add rock groynes to address Grace Bay erosion tied to the under-construction Kempinski resort—raising big questions for beach impacts. Regional Business: Massy Group confirms it’s selling its Caterpillar dealership, with operations in the wider Caribbean including Turks and Caicos moving under MA-CORP’s regional reach. Community & Sports: Salt Rakers Aquatic Club launches a charity raffle for Kew Day Fest, with proceeds supporting the Bight Community Pool and local swim opportunities.

Aviation & Tourism: InterCaribbean begins a fleet evolution with its first Embraer 170s now in service from Turks & Caicos, signaling more capacity and route flexibility for the islands. Airports & Infrastructure: Turks and Caicos is pushing ahead with a US$500M-plus national airport programme, including work at Howard Hamilton International (Terminal B interim facility) and planning for a full Providenciales redevelopment plus radar and runway-related tenders. Hospitality Development: Corinthia is set to build an ultra-luxury, 50-suite Corinthia-branded hotel and branded residences on Grace Bay, partnering with Carolina Partners, with Corinthia Hotels to manage. Marine & Construction Impacts: A proposed EIA for rock groynes at the under-construction Kempinski resort on Grace Bay could reshape beach access and sand movement—now before the Planning Board. Finance & Regulation: The Turks and Caicos Financial Services Commission is refining its risk-based supervisory framework to focus resources where risks are highest. Regional Business: Massy Group confirms it is selling its Caterpillar dealership in Trinidad and Tobago to MACORP, which already operates across the region including Turks and Caicos. Community & Sports Tourism: Salt Rakers Aquatic Club launches a charity raffle tied to Kew Day Fest, with proceeds supporting the Bight Community Pool and local swim opportunities.

Aviation & Tourism Growth: InterCaribbean begins fleet evolution with its first two Embraer 170s now in service from Turks and Caicos, signaling a push for smoother regional connectivity. Hospitality Development: Corinthia is moving ahead with an ultra-luxury Grace Bay hotel and branded residences—50 suites plus villas, casitas and condominiums—partnering with Carolina Partners on the last undeveloped beachfront parcel. Infrastructure & Jobs: Invest TCI’s 5th AGM highlights investment momentum and workforce opportunity, with Premier Charles Washington Misick stressing shared benefits as tourism and development expand. Airport Programme: Turks and Caicos advances a US$500m national airport plan, including Terminal B at Howard Hamilton and further radar, taxiway and runway works across islands. Finance Oversight: The Financial Services Commission says it’s refining its risk-based supervisory framework to focus resources where risks are highest. Marine & Environment: A debate is brewing over proposed rock groynes to protect Grace Bay Beach erosion near a Kempinski resort site. Regional Business Links: Massy Group confirms it’s selling its Caterpillar dealership in Trinidad and Tobago to MACORP, which already operates across the region including Turks and Caicos. Community Fundraising: Salt Rakers Aquatic Club launches a charity raffle tied to Kew Day Fest, with proceeds supporting the Bight Community Pool.

Caterpillar Deal Shift: Massy Group confirmed it’s selling its Caterpillar dealership to Machinery Corporation Motors Ltd (MACORP), a locally registered MACORP subsidiary, saying the move strengthens where the Caterpillar business can “grow,” with a focus on continuity for employees and customers. Tourism & Infrastructure: The Turks and Caicos Islands is pushing ahead with a US$500M+ national airport programme, including Terminal B at Howard Hamilton International and further redevelopment planning, plus radar and runway work across islands. Hospitality Expansion: Corinthia is planning a 50-suite ultra-luxury Grace Bay hotel and branded residences in partnership with Carolina Partners, while another Corinthia Grace Bay resort plan also signals continued high-end investment. Financial Services Oversight: The TCI Financial Services Commission says it’s refining its risk-based supervisory framework to target the areas presenting the greatest risk. Health Milestones: PAHO highlights Turks and Caicos certification for elimination of mother-to-child transmission of hepatitis B, alongside broader regional health gains. Marine & Beach Management: A proposed EIA for rock groynes at Grace Bay’s Kempinski site raises questions about how erosion control could reshape the shoreline. Scuba Tourism Recognition: Aggressor Adventures says it won 118 Scuba Diving Magazine Readers Choice Awards, including multiple Caribbean categories.

Tourism & Hospitality Expansion: Corinthia Group is moving into Turks & Caicos with an ultra-luxury Grace Bay hotel and branded residences on the last undeveloped beachfront parcel, planning a 50-suite Corinthia hotel plus villas, casitas and condominiums, with spa, beach club and padel courts; construction is expected to start in 2027. Airport & Infrastructure Delivery: The government says the US$500M+ national airport programme is advancing, with Terminal B design work at Howard Hamilton International underway and construction delivery targeted over the next 18 months, alongside radar and runway-related tendering. Financial Services Oversight: The Turks and Caicos Islands Financial Services Commission is refining its risk-based supervisory framework to focus resources on the highest-risk areas using AML/CFT returns, compliance reviews and regulatory engagements. Public Health Milestones: PAHO’s annual report highlights Turks & Caicos certification for elimination of mother-to-child transmission of HIV and hepatitis B, while warning the Region faces threats that could erode measles-free status. Marine & Coastal Pressure: A proposed EIA for rock groynes in front of the under-construction Kempinski on Grace Bay would aim to restore eroded beach sand—an issue likely to land before the Planning Board. Local Business Spotlight: Aggressor Adventures says it received 118 Scuba Diving Magazine Readers Choice Awards, up from 100 last year, reflecting strong community voting across Caribbean categories.

Aviation & Tourism Risk: A U.S. military contingency plan tied to Cuba is raising alarms for Caribbean travel—potential airline disruption, cruise itinerary changes, and higher insurance and fuel costs could spill over to Turks and Caicos and nearby islands. Airport Infrastructure: Turks and Caicos is pushing ahead with a US$500M+ national airport programme, with Terminal B work at Howard Hamilton targeted for delivery over the next 18 months and further redevelopment planning for Providenciales. Hospitality Development: Corinthia is set to build an ultra-luxury 50-suite hotel plus branded residences on Grace Bay, partnering with Carolina Partners on the last undeveloped beachfront parcel. More Grace Bay Growth: A second Corinthia/Carolina Partners update confirms the same project mix—hotel, villas/casitas/condos, spa, beach club, and padel courts—aimed at starting construction in 2027. Financial Services Oversight: The Financial Services Commission says it’s refining its risk-based supervision to focus resources on the highest-risk areas across regulated entities. Public Health Milestones: PAHO highlights Turks and Caicos certification for elimination of mother-to-child transmission of hepatitis B, alongside other regional health gains and ongoing threats. Marine & Coastal Pressure: A debate is brewing over proposed rock groynes to address Grace Bay erosion near the Kempinski resort, with the Planning Board weighing an Environmental Impact Assessment. Investment & Workforce: Invest TCI’s 5th AGM spotlights investment growth and workforce opportunity, with Premier Misick stressing that progress must lift people alongside development.

Airport & Ports Buildout: Turks and Caicos is pushing ahead with a US$500M national airport programme, with work moving on Terminal B at Howard Hamilton, radar and runway planning for North Caicos, and broader seaport and road upgrades. Hotel Pipeline on Grace Bay: Corinthia is set to develop a 50-suite ultra-luxury Corinthia-branded hotel plus serviced residences on the last undeveloped beachfront parcel, while another Grace Bay project (Kempinski) faces debate over proposed rock groynes to address erosion. Investment & Governance: Invest Turks and Caicos held its 5th AGM focused on investment growth and workforce opportunity, as local commentary calls for more concrete transparency around major infrastructure spending. All-Inclusive Tourism Deal Ripple: Royal Caribbean and Sandals Resorts have signed a landmark partnership (50% stake for about US$3B), with Beaches Resorts already tied to Turks & Caicos—raising expectations for more regional resort and cruise connections. Financial Services Oversight: The FSC says it’s refining its risk-based supervision to target the biggest risks across the financial sector. Health Milestones: PAHO reports Turks and Caicos achieved certification for elimination of mother-to-child transmission of hepatitis B, alongside broader Americas health gains.

Airport Build-Out: Turks and Caicos is pushing ahead with a US$500m national airport programme, with Terminal B at Howard Hamilton and other works moving through design and procurement, plus radar and runway work flagged for North Caicos. Resort Pipeline: Corinthia is set to develop a 50-suite ultra-luxury hotel and branded residences on Grace Bay, partnering with Carolina Partners on what’s described as the last undeveloped beachfront parcel. Cabinet-Approved Projects: Government says five major developments worth about US$1.18bn are advancing (including Royal Reef, Dellis Cay, Janu, Corinthia, and Grace Retail & Residences), alongside other projects under construction. All-Inclusive Shake-Up: Royal Caribbean and Sandals Resorts have signed a landmark deal—Royal Caribbean taking a 50% stake for about US$3bn—aimed at accelerating growth across Caribbean vacation brands that include Turks & Caicos. Coastal & Marine Watch: A Grace Bay groyne proposal tied to the Kempinski resort is headed to the Planning Board, while a local op-ed argues conservation funding and coordination must catch up with tourism-driven growth. Financial Services Oversight: The FSC says it’s refining its risk-based supervision to target the highest-risk areas across regulated entities.

Airport & Seaport Build-Out: Turks and Caicos is pushing ahead with a US$500M-plus national airport programme, with the Turks and Caicos Islands Airports Authority driving upgrades from Providenciales to Salt Cay. Aviation Infrastructure: At Howard Hamilton International, architects and engineers have been appointed for Terminal B as an interim passenger facility, while a full Providenciales airport redevelopment is in the business-case and site-master-plan stage; radar tendering, taxiway design, and North Caicos runway work are expected soon. North Caicos Works: Clifford Gardiner Airport redevelopment design is well advanced, with construction procurement expected next. Tourism Real Estate Pipeline: Cabinet-approved projects worth about $1.18B are advancing, including Royal Reef (North Caicos), Dellis Cay, Janu, Corinthia, and Grace Retail and Residences, alongside ongoing Salterra expansion on South Caicos. Hospitality Growth on Grace Bay: Corinthia Group plans an ultra-luxury 50-suite Corinthia-branded hotel plus branded residences on Grace Bay with Carolina Partners, with construction slated to start in 2027. Marine Conservation Debate: An opinion piece argues TCI’s reef-dependent economy needs stronger, coordinated government-backed conservation funding and research, not just private support. Regional Finance Note: Scotiabank Guyana was recognized for digital banking leadership by Global Finance.

Hospitality & Tourism Dealmaking: Royal Caribbean Group has agreed to take a 50% equity stake in Sandals and Beaches Resorts in a roughly US$3 billion joint venture, with a close expected in early 2027—aimed at expanding all-inclusive reach and cross-selling cruise-to-resort stays across the Caribbean. Local Development Pipeline: Turks and Caicos Government says five Cabinet-approved projects worth about $1.18 billion are advancing, including Royal Reef (North Caicos), Dellis Cay, Janu, Corinthia, and Grace Retail and Residences, alongside ongoing construction and major resort expansion plans. Grace Bay Ultra-Luxury Push: Corinthia Group, with Carolina Partners, is developing an ultra-luxury Corinthia-branded hotel plus branded residences on Grace Bay, led by C-REV and managed by Corinthia Hotels, with construction expected to start in 2027. Marine Conservation Debate: An opinion piece argues TCI’s reef-and-ecotourism engine needs stronger, coordinated government-backed conservation funding and research, not just private donations. Business & Finance Watch: Butterfield CEO Michael Collins sold vested shares worth about US$12.75m ahead of the bank’s annual meeting, tied to diversification and estate planning. Regional Infrastructure Focus: CARIF 2026 wrapped with a push to turn Caribbean infrastructure priorities into bankable, resilient projects that can attract capital. Tech/Industry Signals: A prefabricated module framework was signed for a planned 40MW AI data center campus in Macao, pointing to continued demand for faster-build data center solutions.

TCI Tourism & Marine Conservation: A local opinion piece argues that as Turks & Caicos tourism grows, marine and coastal conservation funding and coordination haven’t kept up, calling for more structured research, regular expeditions, and stronger education and training to protect reefs and dive tourism. Grace Bay Ultra-Luxury Push: Corinthia Group, with Carolina Partners, plans an ultra-luxury Corinthia-branded hotel plus serviced branded residences on Grace Bay, led by C-REV and managed by Corinthia Hotels, targeting a major new beachfront development. Cabinet-Approved Development Pipeline: Government says five Cabinet-approved projects worth about $1.18B are advancing via Invest Turks and Caicos, including Royal Reef (North Caicos), Dellis Cay, Janu, Corinthia, and Grace Retail and Residences, with more projects under construction. All-Inclusive Deal Ripples for TCI: Royal Caribbean’s $3B move to take a 50% stake in Sandals and Beaches is framed as a major boost to Caribbean all-inclusive growth, with Beaches already tied to Turks & Caicos. Local Governance Scrutiny: Another opinion piece challenges a $100M infrastructure announcement as “political fog,” urging project-by-project transparency, tender details, contractors, and timelines. Business & Finance Watch: Butterfield CEO Michael Collins sold $12.75m in shares ahead of an annual meeting tied to the CIBC Caribbean acquisition.

Tourism & Resorts: Royal Caribbean Group has officially agreed to take a 50% equity stake in Sandals and Beaches Resorts in a deal valued at about US$3 billion, aimed at accelerating all-inclusive growth and boosting cross-selling between cruise and land stays; the transaction is expected to close in early 2027, with Sandals executive chairman Adam Stewart calling it a new growth era while preserving the brands’ Caribbean identity. Local Development Pipeline: Turks & Caicos Cabinet has approved major projects worth about $1.18 billion, including Royal Reef (North Caicos), Dellis Cay, Janu, Corinthia, and Grace Retail and Residences, with additional construction activity reported across the islands. Grace Bay Real Estate: Corinthia Group, with Carolina Partners, is developing an ultra-luxury Corinthia-branded hotel plus branded residences on Grace Bay, described as the last undeveloped beachfront parcel there, with construction expected to start in 2027. Marine Conservation Push: An opinion piece argues TCI’s reef-based economy needs stronger, coordinated conservation investment and research, warning that momentum has slowed and more structured action is required. Business & Finance: Butterfield CEO Michael Collins sold vested shares worth about $12.75m ahead of the bank’s annual meeting, as shareholders advanced plans tied to the CIBC Caribbean acquisition.