AGP Executive Report
Last update: 9 hours agoInflation: BOJ Governor Brian Langrin warned that rising energy and commodity costs are spreading through the economy, with inflation expected to stay high before easing toward the bank’s 4%–6% target by mid-2027. Power Investment: Scotia Investments completed a US$162-million refinancing for South Jamaica Power, extending repayment terms on debt for the 194-megawatt plant. Public Spending: NaRRA’s proposed $115-million annual headquarters lease is facing renewed scrutiny, with UCASE questioning the location and calling for details on how it was chosen. Connectivity: Flow says removing its legacy copper network will make room to move more vulnerable fibre lines underground, improving resilience to severe weather. Trade: Kingston Freeport Terminal resumed operations after industrial action disrupted cargo handling; the company says it will extend hours to clear delays. Economic Outlook: The World Bank projects Jamaica’s economy will contract 0.8% in 2026, then grow 3% in 2027, as high energy and transport costs weigh on tourism-dependent economies. Business: Scotia Group Jamaica shareholders approved a roughly $63.5-billion buyout of minority shareholders, while Sagicor is advancing plans to consolidate its Caribbean operations under a new parent company.
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