AGP Executive Report
Last update: 3 hours agoTui Earnings Shock: Europe’s travel giant Tui says quarterly profits fell 43% as the Iran war lifted fuel costs and cautious consumers delayed bookings, with hurricanes in Jamaica also hitting results. Telecom Recovery: Flow Jamaica revenue dipped to US$101m in Q2 2026 as hurricane Melissa recovery continues, though postpaid mobile additions and broadband momentum improved. Air Connectivity: Copa’s profit halved in Q2 2026, but it kept Jamaica as a key Latin America link, citing higher jet fuel costs after regional disruptions. Tourism Push: Jamaica is looking to Africa for growth, including possible air links via Accra, Ghana, as JAPEX opens and stakeholders eye investment and visitor flows. Digital Payments Fix: Outgoing BOJ Governor Richard Byles admits JAM-DEX’s rollout was mishandled and says the central bank must do more to ensure rate changes reach borrowers and savers. Property Taxes Ahead: NLA plans to revalue about 900,000 land parcels, likely lifting property tax bills as valuations update from nearly a decade ago. Business Moves: Sherwin-Williams ends manufacturing at its White Marl plant and shifts to imports, while Knutsford Express expands into St Thomas and Mandeville. Counterfeit Crackdown: Police seized over $75m in cash and counterfeit branded goods in Kingston, charging wholesale owners in a fake-goods sting.
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