AGP Executive Report
Last update: 3 hours agoRum Industry & Exports: The International Wine & Spirit Competition named 12 rums “Gold Outstanding” for 2026, with Barbados’ Foursquare Rum Distillery taking five medals and most winners coming from Caribbean producers—another boost for Jamaica’s premium spirits brand. Housing & Planning: Despite heavy neighbourhood opposition, Rogerson Communities won unanimous zoning board approval for a senior housing and memory care project after major redesigns and a cut in units. Business Performance: Main Event Entertainment Group reported a wider second-quarter net loss as revenue fell across key lines, with hurricane disruption and weaker discretionary spending cited. Banking & Financial Stability: Outgoing Bank of Jamaica Governor Richard Byles told Parliament no commercial bank failed during his tenure, while also flagging the need for reforms to improve oversight and competition. Telecoms & Digital Growth: Flow Jamaica officially launched Jamaica’s first 5G network, with coverage claims and a focus on customer access requirements. Trade & Investment Facilitation: JSEZA rolled out an online Facilitation Tool to streamline SEZ applications, tracking and investor engagement. Sports Industry Push: Jamaica launched the Made4Goal Global Sports Summit to move from producing athletes to building a sports industry. Energy & Infrastructure: Jamaica’s foreign reserves stood at US$6.48b at end-May, supporting the currency during oil and hurricane pressures.
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