Transport Ministry reduces senior citizens’ JUTC fare to $40

KINGSTON, Jamaica -- The Ministry of Transport, Works and Housing a short while ago released amended fares for the Jamaica Urban Transit Company which it says will become effective on Sunday, August 24. According to the ministry’s release the amended fares are: adults$120; senior citizens a ... Read more


JP raises $1b for Kingston Wharves acquisition

Jamaica Observer

Wednesday, April 04, 2012 | 4:42 PM    

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JAMAICA Producers Group Limited (JP) raised $1 billion through a private placement of loan notes to help pay for its 25.46 per cent stake in Kingston Wharves Limited (KW).

Earlier this week, JP completed the acquisition of the ordinary voting shares of KW, which cost the food processor $1.79 billion.

As a result of the purchase, JP nominated its CEO Jeffrey Hall, and director Kathleen Moss to KW’s board.

KW amended its articles of association to allow for representation on its board by any shareholder having 21 per cent or more of its voting shares.



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