AGP Executive Report
Last update: 8 hours ago2027 Budget: Finance Minister Pierre Laporte presented a SCR12.86 billion spending plan aimed at accelerating growth while protecting social gains. Renewable Energy: Swimsol launched Seychelles’ first marine floating-solar pilot at Providence Port, with Fisheries Authority support, advancing clean power and the blue economy. Climate Finance: Vice-President Alix Pillay told COP31 that climate damage threatens Seychelles’ security and economic stability, calling for stronger loss-and-damage funding without adding to vulnerable nations’ debt. La Digue Investment: President Patrick Herminie inspected completed sea-wall and landfill projects worth SCR8.9 million; further developments on the island represent more than SCR247 million in investment. Corporate & Finance: Phoenix Beverages reported a quarterly group loss of US$380,025, although Seychelles Breweries’ performance improved. Separately, US FinCEN moved to cut Seychelles-based crypto exchange MEXC off from the US financial system, alleging it handled US$16.7 billion linked to illicit activity.
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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