AGP Executive Report
Last update: 7 hours agoMaritime Trade: The Caribbean Private Sector Organisation is urging permanent US exemptions from maritime service fees, warning that charges on short-sea shipping could raise freight costs. It backs a two-month suspension extension through January 9, 2027. Mining: Government plans to sell its 45 per cent stake in Clarendon Alumina Production Limited to reduce taxpayers’ exposure to losses and future investment costs. It says an independent valuation and safeguards for jobs, operations and community obligations will guide the process. Tourism: Jamaican hoteliers are challenging Booking.com’s plan to charge commissions on government taxes from November 17, arguing the taxes are not hotel revenue. Meanwhile, about 400,000 airline seats are expected from Canada for winter as the sector works to rebuild after Hurricane Melissa. Investment: Throp-X says its conference has generated more than US$150 million in real estate deal flow since 2022, including hotel sales and condominium conversions in Negril. Manufacturing: Montego Bay-based Paris Ruby plans to expand distribution across Jamaica and into Canada and Europe by 2027, building on US online sales of its cake products.
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