AGP Executive Report
Last update: 27 minutes agoBanking Deal: Scotiabank has moved to take Scotia Group Jamaica Limited private, offering minority shareholders $61.50 per share in cash (about a 13% premium), with delisting expected if approvals and court processes are completed later in 2026. Capital & Markets: Jamaica’s foreign reserves stood at US$6.48b at end-May, giving the BOJ room to manage FX pressure from oil-price shocks and import demand. Business Performance: Main Event Entertainment Group reported a deeper second-quarter loss as revenue fell across most lines, with hurricane disruption and weaker discretionary spending cited. Trade Finance: Afreximbank kicked off a Jamaica roadshow to connect local firms with trade finance, investment and advisory support. Investment Facilitation: JSEZA launched a new online Facilitation Tool to streamline SEZ applications, submissions and tracking. Policy & Oversight: The House approved Jamaica’s Civil Aviation (Amendment) Act, 2026, aligning laws with ICAO standards ahead of a 2027 audit. Sports Economy Angle: Jamaica is positioning itself as the “sports capital of the global south” via the Made4Goal Jamaica Global Sports Summit later this month.
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