AGP Executive Report
Last update: 10 hours agoTourism Strategy: Minister Edmund Bartlett says Jamaica won’t hit US$10b tourism earnings just by building 20,000 new hotel rooms, pushing instead for community tourism and locally owned enterprises to keep more spending in the local economy. Capital Markets: Jamaica’s Supreme Court cleared Scotia Group Jamaica to proceed with shareholder meetings on Scotiabank’s plan to buy out remaining shares and delist the company, with a likely close in Q4. SME Push: The government and SBAJ are urging MSMEs to formalise and stay tax compliant to qualify for reserved public procurement set-asides, while SBAJ prepares a “Buy Local” campaign to cut food import dependence and protect foreign exchange. Business & Travel Connectivity: Southwest Airlines announced new Saturday-only Caribbean routes from Nashville to Aruba, Montego Bay and St. Thomas, plus Columbus-to-Punta Cana service. Energy/Infrastructure: Works Minister Robert Morgan outlined immediate and long-term steps to ease congestion at the Mammee Bay toll plaza, including adding two toll lanes and boosting E-Pass use. Food Prices: Coronation Market prices are easing on items like tomatoes and onions, though bananas remain high. FX Watch: The US dollar closed at $159.50 to J$1. Governance & Compliance: CARICOM tax administrators meet in Guyana to discuss future-ready, data-driven tax systems. Regulatory/Legal: Parliament passed the Mediation Act to formalise mediation and regulate providers.
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.