AGP Executive Report
Last update: 7 hours agoImmigration: From Nov. 15, eligible BVI entry-permit holders, their dependants and some approved work-permit applicants will no longer need a separate eVisa, easing travel while leaving other entry rules in place. BVI-linked dispute: India’s Tata Power says it will not set aside funds for a more than $650 million award to BVI-based Kleros Capital while it appeals. Its Singapore subsidiaries’ shares are pledged to banks, making an immediate sale unlikely; the appeal is scheduled for Jan. 19. Banking: Butterfield executives briefed Premier Natalio Wheatley on the planned $1.8 billion acquisition of CIBC Caribbean. The deal, subject to approvals, would create a banking and wealth-management group with about $29 billion in assets. Insurance: The BVI Insurance Association named Lynette Ramoutar of CG Insurance as its new president, with a board tasked with strengthening the local industry and public awareness.
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