AGP Executive Report
Last update: 10 hours agoTourism & Investment: Royal Caribbean agreed to buy a 50% stake in Sandals Resorts International for about US$3b, aiming to expand all-inclusive resort offerings; the deal is expected to close in early 2027 and adds Sandals’ 20 resorts across the Caribbean, including Jamaica. Disaster Recovery & Public Finance: Prime Minister Holness defended a $1.2b spend on foundations for ~2,500 semi-permanent homes after Hurricane Melissa, arguing cheaper bases wouldn’t deliver resilience; the World Bank/EU also signed a US$5m grant tied to reconstruction support. Monetary Policy & Food Prices: Bank of Jamaica researchers say global food shocks hit Jamaica’s inflation more persistently than oil, recommending closer tracking of commodity-specific risks and tighter coordination with Statin and agriculture agencies. Financial Sector & Pensions: The Pension Industry Association hired Market Research Services to map how Jamaicans save and plan for retirement, especially informal workers; Tourism Minister Bartlett pushed employers to boost participation in the Tourism Workers Pension Scheme. Business & Markets: FESCO disclosed a stake in WIP Energy as it grows its private equity portfolio, while Jamaica Broilers reported no new accounting irregularities after a forensic review amid its $6.8b net loss. Local Economy & Governance: Jamaica Chamber of Commerce re-elected Emile Leiba and flagged workforce readiness and MSME development as priorities.
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