AGP Executive Report
Last update: 10 hours agoPower & Grid Accountability: Energy Minister Daryl Vaz says JPS’s preliminary explanation for last week’s islandwide blackout is “inexcusable,” warning Jamaica can’t keep seeing Kingston failures cascade nationwide; an independent consultant with the OUR will scrutinise the final report. Tourism Pressure: Opposition tourism spokesperson Andrea Purkiss accuses Minister Edmund Bartlett of a “diversification myth,” saying cruise passenger arrivals fell 28.4% since 2019 and leaving tourism operators short of hundreds of thousands of visitors. Capital Markets: Jamaica’s stock market fell about 5,000 points (~1.5%) last week as high interest rates, budget uncertainty and post-Hurricane Melissa slowdown keep investors cautious. Digital Finance: CIBC Caribbean Bank launches Google Pay in Jamaica for credit cards (debit cards still restricted locally), while TAJ urges customers to avoid fake websites and verify jamaicatax.gov.jm. Business & Investment: Kingston Wharves set 2030 targets of J$20b revenue and J$5b net profit, driven by vehicle trans-shipment expansion and digital transformation; Derrimon shelved a US$2.5m Arosa manufacturing expansion to cut debt costs. Household & Livelihoods: NHT and partners move ahead with relocation plans for Parottee residents after Hurricane Melissa, aiming to protect assets and livelihoods.
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