AGP Executive Report
Last update: 10 hours agoEnergy & Inflation Watch: Bank of Jamaica Governor Richard Byles warned Middle East conflict risks pushing inflation above the BOJ’s 4–6% target, with higher energy, transport and food costs likely. Power Reliability: JPS says last Friday’s islandwide blackout was triggered by severe weather and technical faults, including lightning-linked transmission line failures and a protection-system delay, with phased restoration completed by early Saturday. Fuel Pricing: Petrojam revised its diesel and ULSD pricing mechanism, capping pass-through of price moves at $12.50 per litre (up from $4.50), effective June 11, after absorbing large cost swings during recent global volatility. Water Sector Accountability: Government says it accepts Auditor General findings on NWC capital projects and budget execution, noting some corrective steps are already underway. Tourism Policy: JHTA renewed calls for urgent talks over a proposed GCT increase on tourism activities, warning of impacts on businesses and jobs. Agriculture & Dairy: A dairy producer urged faster action on importing higher-quality cattle genetics to cut milk powder dependence. Hurricane Melissa Spending: Finance Minister Fayval Williams outlined $67b in Category Five Melissa response spending, including allocations for roads, water, health and agriculture. Land Skills Training: Jamaica and South Korea will fund a $9m training school for land surveyors and related professionals. Regional Security: U.S. Coast Guard tightens entry rules for ships departing Haiti unless port security measures meet international standards.
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