Government of Jamaica
The sale of state-owned Petroleum Company of Jamaica Limited to Phoenix Fuels & Accessories Limited closed officially on June 30. Phoenix Fuels, headed by Colin Karjohn, has bought 100 per cent of the company and real estate assets for US$19…
Petcom sold for J$2.3 billion
THE Development Bank of Jamaica (DBJ) yesterday announced that Petroleum Company of Jamaica Ltd (Petcom) has been sold to Phoenix Fuels and Accessories Limited for US$19 million ($2.3 billion). Petcom is a wholly-owned subsidiary of Petroleum Corporation of Jamaica (PCJ).…
Jamaican Teas chosen as preferred bidder for KIW warehouse
John Mahfood, CEO of Jamaican Teas Limited (JTL), disclosed this week that the company was selected as the preferred bidder for KIW International Ltd – facilities which the company wants to use to expand its own operations. The company earlier…