AGP Executive Report
Last update: 9 hours agoInflation Watch: Jamaica’s annual inflation climbed to 5.4% in May, driven by higher food, restaurant meals, electricity and petrol costs, keeping it within the Bank of Jamaica’s 4–6% target range but nearer the top end. Banking & Markets: Scotia Group Jamaica reported net income of J$10.1B for the six months ended April 30, while local investors reportedly rushed to buy SpaceX shares after its IPO—fueling heavy trading swings on the Jamaica Stock Exchange. Legal & Finance: The Court of Appeal granted Fitz Jackson leave to appeal in the Scotia Bank cheque fee case, keeping the dispute “very live.” Housing & Land: HAJ is set to visit Easington, St. Thomas to assess lands that could be acquired from the St. Thomas Municipal Corporation, and new renderings were unveiled for a 285-unit mixed-use development at 164-02 Jamaica Ave. Energy & Water: NWC introduced a regulated water schedule for some Constant Spring customers after a technical issue reduced inflows. Diaspora & Innovation: At the Jamaica Diaspora Conference, Minister Alando Terrelonge urged young Jamaicans to engage in policy and position the country to benefit from global science and technology advances. SME/Investment: IFC finalised a US$15m investment in a Caribbean debt fund aimed at SME financing.
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