AGP Executive Report
Last update: 4 hours agoFiscal Pressure: Tax revenues fell J$22.8 billion short of target from April to September, led by corporate income taxes coming in J$13.3 billion below forecast. Mining Divestment: The Government plans to sell its 45% stake in Clarendon Alumina Production, aiming to limit taxpayer exposure to losses and future investment costs. Tourism Outlook: Jamaica welcomed more than two million visitors and earned US$2.5 billion in the first eight months of 2026; expanded air service and hotel reopenings are supporting expectations for a strong winter season. Hotel Costs: Jamaican hoteliers are challenging Booking.com’s plan to charge commissions on government taxes, arguing the taxes are collected for the state, not earned by hotels. Investment: Throp-X says its conference has generated more than US$150 million in real estate deal flow since 2022, including hotel acquisitions and condominium projects in Negril. Banking: The Bank of Jamaica provided J$4.5 billion in liquidity support to deposit-taking institutions. Regional Trade: Caribbean business groups are seeking permanent exemptions from US maritime fees, warning that higher charges could raise freight costs and disrupt goods movement.
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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