AGP Executive Report
Last update: 5 hours agoFuel Costs: Government subsidies are keeping gasoline and diesel at $17.25 a gallon through November 15, while it continues to cover more than half the cost of 20- and 22-pound cooking-gas refills. Officials are also discussing possible relief with LUCELEC as high electricity bills strain households and businesses. Airport Expansion: NH International has signed a US$243 million contract to build a new passenger terminal at Hewanorra International Airport, with completion targeted for late 2029. The project includes five boarding gates and upgrades to aircraft aprons, drainage and passenger facilities. Energy Transition: Saint Lucia is exploring geothermal power, with seismic monitors installed at three sites as an initial step. The government says renewable investment and energy efficiency are part of its response to volatile fossil-fuel prices. Medicines and Manufacturing: A new agreement with India allows Saint Lucia to recognise Indian medicine standards and certificates, reducing duplicate testing and potentially lowering costs. Separately, officials are engaging manufacturers on workplace relations and sector growth as the country advances a national standards strategy.
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