AGP Executive Report
Last update: 11 hours agoCorporate Finance: Mailpac has cut the recorded price of its My Cart acquisition by $902 million, to $364 million, and will ask shareholders on November 4 to approve issuing 50 million shares to complete the deal. Cost of Living: Annual inflation reached 8.6 per cent in September, its highest since December 2022, as food prices surged 2.9 per cent; vegetables and other produce rose 10.5 per cent. Growth Outlook: The IMF has trimmed its forecast for Jamaica’s 2027 economic growth, adding pressure to efforts to lift productivity and investment. Tourism Investment: Jamaica’s first casino is scheduled to open at Princess Grand Jamaica in Hanover in February 2027, adding a new attraction to the resort and tourism sector. Financial Services: Sagicor shareholders will vote October 28 on a plan to consolidate its Caribbean businesses under a Jamaica-headquartered group and raise US$120 million in 2027. Agriculture: The Senate approved irrigation-area resolutions for Pedro Plains and Braco, aimed at expanding reliable water access for farmers and strengthening food security.
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