AGP Executive Report
Last update: 10 hours agoFood Safety: GraceKennedy says Jamaica-made chicken Vienna sausages found in US stores were imported without its authorisation. The USDA issued a public health alert; no illnesses have been reported. Banking: Scotia Group shareholders approved a revised $75-a-share buyout offer. Court approval is still pending. BOJ and Reserves: Jamaica’s net international reserves rose to US$7.2 billion in September, largely after the Government sold part of a US$1-billion loan. The money supply fell $8.7 billion to $467.7 billion. Water and Agriculture: The PSOJ is urging better water planning as drought threatens businesses and farms. A Jamaican-developed soil amendment is being prepared for local farmers and could help crops grow with up to 60 per cent less water. Reconstruction: NaRRA is scaling back its planned headquarters after criticism of a US$726,000 annual lease, while Opposition Leader Mark Golding questions the authority’s governance framework. Insurance: The Financial Services Commission plans to publish an updated assessment of outstanding Hurricane Melissa claims on October 16.
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