• IndiesPharma20062707JS

    MoBay Pharma Company To List

    The company, which is based in Montego Bay, is run by family physician Dr Guna Muppuri, who formed the business in 2003. Muppuri is not saying right now how much capital he is targeting or when the offer will launch. The plan is to eventually list on the junior market of the Jamaica Stock Exchange. […]

  • petcom-station

    Jamaica Observer: Sale of Petcom completed

    Milverton Reynolds, managing director of the Development Bank of Jamaica (DBJ), on Monday July 4 announced the successful completion of the sale of the Petroleum Company of Jamaica Ltd (PETCOM), a wholly owned subsidiary of the Petroleum Corporation of Jamaica (PCJ), to Phoenix Fuels & Accessories Limited, a local petroleum retailing company. The documents to […]

  • PetcomDuncansA20120528CT

    Jamaica Gleaner: Phoenix Fuels Gets Petcom For Less

    Last year, when Colin Karjohn went after the Petroleum Company of Jamaica (Petcom) through his petrol business, Phoenix Fuels & Accessories, he made the highest bid of US$22 million and got tapped as the preferred buyer. But this month when the Development Bank of Jamaica (DBJ) announced that a deal had been reached with Phoenix, […]

  • DBJventurecapitalforumI2016

    Jamaica Gleaner: Thirteen Teams For National Business Model Competition

    Thirteen teams will be vying for $4 million in prize money in the National Business Model Competition (NBMC). They will also get a chance to represent Jamaica in the International Business Model Competition, to be held at the Microsoft Campus in Redmond, Washington, DC, on April 29-30. The NBMC will be held over two days, […]

  • SponsorshipSigningA20160324

    Jamaica Gleaner: NCB Boosts Business Model Competition

    The symbolic signing of sponsorship agreement for the National Business Model Competition was held at the Development Bank of Jamaica on Tuesday, March 22. Participants include (from left), Kaysia Johnson Vaughan, marketing manager, programmes at Scotiabank; Jacqueline Robotham, business sales and relationship manager at Jamaica National Building Society; Milverton Reynolds, managing director at Development Bank […]

  • PETCOM-Signing-Apr-29

    Jamaica Observer: Petcom sold for J$2.3 billion

    KINGSTON, Jamaica – The Development Bank of Jamaica (DBJ) announced today, May 2, that Petroleum Company of Jamaica Limited (Petcom) a subsidiary of the Petroleum Corporation of Jamaica (PCJ) has been sold to Phoenix Fuels  and Accessories Limited for US$19 million (J$2.3 billion). The operation includes 24 Petcom-branded service stations and 14 liquid petroleum gas-filling […]

  • 201282

    Jamaica Gleaner: DBJ Sells Petcom For J$2.3 Billion

    Over the next 90 days, Petroleum Marketing outfit Phoenix Fuels and Accessories has to come up with US$19 million (J$2.3 billion) to close the deal on the sale of the Petroleum Company of Jamaica (PETCOM). The development comes after Phoenix signed an agreement with the Development Bank of Jamaica following nearly six months of negotiations. […]

  • Grace-Kennedy

    Jamaica Observer: Sterling Asset, Greystone Equity among new shareholders in Hardware & Lumber

    KINGSTON, Jamaica – GraceKennedy had earlier in the year said it was selling its stake in Hardware and Lumber (H&L) to focus its attention on its core food and financial services business. On Wednesday Group CEO of GraceKennedy Limited Don Wehby announced the completion of the sale of its shares to Argyle, which he said […]

  • RapidTrueValue

    Jamaica Gleaner: Grace Concludes Shares Sale In Hardware & Lumber

    Local conglomerate GraceKennedy Limited said it has completed the sale of its shares in the Spanish Town Road, Kingston headquartered Hardware & Lumber Limited (H&L) to purchaser Argyle Industries Inc. Argyle, a St. Lucian company, is a special purpose vehicle incorporated for the purposes of acquiring and holding the investor’s equity interests in Hardware & […]

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