AGP Executive Report
Last update: 4 hours agoAgriculture & Water Security: Agriculture Minister Floyd Green urged farmers to follow RADA advisories as extreme heat persists, stressing water access and rolling out a $140-million drought mitigation push including trucked water, storage support and water tanks. Cost of Living Watch: Analysts warn last week’s $12.50 diesel hike plus upcoming toll increases could lift transport costs and add pressure to inflation, which rose to 0.8% in June (6.7% year-on-year). Financial System Oversight: The Bank of Jamaica says regulators are on high alert, strengthening risk management, advancing Twin Peaks and Basel 3 reforms, and boosting cyber and climate risk defenses as global uncertainty continues. Utilities & Disruptions: NWC introduced nightly water lock-offs in Washington Gardens and Maverley (6pm–6am) and warned customers to store water; separately, sewage works on Old Hope Road in Liguanea are set to cause major traffic disruption. Rural Enforcement: Police’s Agricultural Protection Branch intensified action against illegal grazing, impounding cattle after reports of crop damage and public-safety risks. Business & Investment Signals: Scotia Group Jamaica won court clearance to advance its buyout proposal, while NCB advised customers of changes to high-value cheque processing. Digital Money Trend: Bank of Korea moved ahead with CBDC real-transaction testing in September with nine banks, a reminder of how fast payments tech is evolving globally.
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.