AGP Executive Report
Last update: an hour agoHousing & Reconstruction: UDC is advancing plans for 20,000+ homes across Kingston, St. Catherine, St. Elizabeth and St. Ann, with about 10,000 targeted for southwest Jamaica to support Hurricane Melissa recovery, and rollout expected to speed up after NaRRA finalisation. Global Services & Jobs: GSAJ says Jamaica’s global services sector (about US$900m in annual FDI) is still positioned to grow, despite workforce declines since 2023, calling for targeted interventions. Cannabis Reform: Delano Seiveright says the cannabis industry overhaul is “deliberate” and “people-friendly,” with a Cannabis Permit Road Tour launching new permit categories and CLA support to widen legitimate participation. Tourism Watch: Jamaica stayover arrivals fell 27.5% in Q1 2026 (534,652), though cruise arrivals declined only 1.1%, as the island continues rebuilding post-Hurricane Melissa. Retail & Finance: Consolidated Bakeries returned to profitability in 2025 (net profit $6.5m) after refinancing with a $600m term loan; PriceSmart reported Q3 revenue up 12.5% and plans two new clubs plus a Jamaica distribution centre. Water & Utilities: NWC says Corporate Area storage levels keep dropping—Hermitage Dam at 54.6% and Mona Reservoir at 76.7%—as inflows remain below average. Labour & Negotiations: UCASE flags upcoming wage talks and disputes, including a Rubis case and negotiations with the Financial Services Commission. Environment Partnerships: Jamaica signed four Our Ocean Conference agreements covering ocean coordination, acidification, marine protection and mangrove action. Regional Finance: US DFC officials plan to visit Jamaica and the region to expand investment in energy and transport infrastructure, including ports and airports.
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