AGP Executive Report

Last update: 5 hours ago

Monetary Policy Watch: Bank of Jamaica’s new governor Dr Brian Langrin held the policy rate at 5.5% as inflation hit 7.5% in July, saying second-round effects are emerging but risks are “skewed to the upside” and tightening is on the table if needed. Inflation & Credit Conditions: BOJ says commercial banks slowed business lending in June (business credit up 6.5%), while the economy contracted 2.9% in the June quarter—adding pressure to already tight financing. Hurricane Melissa Recovery: Insurance giant Guardian says it has settled 70%+ of Melissa claims and is rolling out faster estimating to reduce delays. Local Government & Revenue: KSAMC and TAJ launched a drive to collect $265m+ in arrears from businesses and property owners, rewarding compliant firms in Half-Way-Tree. Energy Costs: JPS urged businesses to request energy audits and use smart meters to cut peak-season electricity bills. Business Moves: Pan Jamaica Group bought the Discount Pharmacy property for a larger Manor Park-area redevelopment; Digicel says its AI agent Ruby handled 55% of Jamaica queries without human help. Regional Outlook: ECLAC trimmed Latin America and the Caribbean’s 2026 growth forecast to 2.2% and flagged Cuba’s 10.3% contraction. Tourism & Hospitality: Ocean Eden Bay will rebrand as Ocean Allure Eden Bay in November with upgraded amenities.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.

AGP Wire

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5 hours ago

Arabian Falcons FC launches Premier League-style academy in Dubai

AGP

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Aug. 6, 2026

Five Chinese insulated pipe makers featured in 2026 market overview

AGP

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Jul. 2, 2026

Jamaican thriller Stew Peas sells out premiere, lands six award nods

AGP

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Jul. 17, 2026

Rum market seen reaching $49.72 billion by 2035 as premiumization accelerates

AGP


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World’s two largest economies race to mine deep-ocean minerals worth up to $16 trillion despite Africa’s vast untapped land wealth

World’s two largest economies race to mine deep-ocean minerals worth up to $16 trillion despite Africa’s vast untapped land wealth

Commercial banks slow business lending in June

Commercial banks slow business lending in June


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Aug. 13, 2026

Volatus Aerospace Releases Q2 2026 Financial Results

GlobeNewswire, Inc.

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Aug. 13, 2026

TMC Provides Second Quarter 2026 Corporate Update

GlobeNewswire, Inc.

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Aug. 6, 2026

Jamaica is Ready: Royalton Hotels & Resorts Unveils “The Soul of the Island” Experiential Vacation for Families

GlobeNewswire, Inc.

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Aug. 20, 2026

City of Boston, Broad Coalition of Supporters Welcome SJC Decision Clearing the Way for Transformative White Stadium Project

City of Boston

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Aug. 7, 2026

Recognizing the Contributions of Boston’s Jamaican and Dominican Communities

City of Boston

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Aug. 6, 2026

Century Aluminum Company Reports Second Quarter 2026 Results

GlobeNewswire, Inc.

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