AGP Executive Report
Last update: 14 hours agoViolence Update: A 48-year-old taxi operator, Roger Arnold (“Kevin”), was shot dead in a suspected targeted attack at “Ochi Bus Stop” on the Zepherton main road in Linstead, St Catherine, around 6:30 a.m. May 28; police say a man exited a Nissan AD Wagon and opened fire, and the victim was rushed to Linstead Hospital but died. Disaster Finance: Jamaica secured US$200 million in hurricane insurance coverage via a World Bank catastrophe bond, replacing a prior US$150 million bond paid out after Hurricane Melissa; the new bond runs to May 23, 2030. Fire/Explosion: One of four men injured in an explosion and fire at a garage facility adjacent to Beryllium on South Camp Road, Kingston, has died, while two were airlifted to the U.S. for burn treatment and one remains in hospital. Local Economy: MegaMart’s Portmore branch will close June 30 after 27 years, citing losses and “strategic consolidation” into other locations. Agriculture & Food Security: After Hurricane Melissa disrupted vegetable supply, Jamaica’s Ministry of Agriculture backed national farmers’ markets, moving 108,517 kg of produce and generating about $43.0 million in revenue. Development: Ground has been broken for the US$25 million SANA plaza and tower at South Avenue, Kingston, a mixed-use project spanning retail, dining, offices and luxury residences.
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