News

Company to spread its Delect brand by leveraging recent acquisitions locally and in North America FRESH from its successful additional public offer (APO), commodities distributor Derrimon Trading is now ready to expand its own branded products, which will be given a significant push this year. Conceding that the focus over the recent period has been on growing the business organically, the management of Derrimon is now zeroing on...

Lasco Distributors Limited aims to power close to a third of its operation using solar energy, and potentially a portion of its sister manufacturing company at White Marl, St Catherine, through a 500-kilowatt photovoltaic system. The buildout of the solar plant, which will be Lasco’s first adoption of a renewable source for electricity, is being done in partnership with the United States Agency for International Development, or USAID,...

The COVID-19 pandemic has had a debilitating impact on the global community. Not least of the consequences is the crisis this created for seafarers – the many men and women on the front line, working on-board ships, ensuring the flow of vital goods such as food, medicines, essential supplies and energy. As many governments sought to protect their citizens from this contagious disease, ports and borders were closed....

The Airports Authority of Jamaica is projecting a recovery in passenger traffic for Jamaica’s two international airports even as capital improvement works proceed apace at the Sangster International Airport (SIA) in Montego Bay, St James. President and Chief Executive Officer (CEO) of the Airports Authority of Jamaica (AAJ), Audley Deidrick, says the travel and tourism industries have, by far, suffered the most significant impact from the COVID-19 pandemic....

The creative community has received a breakthrough following on the forging of a three-year technical agreement between Kingston Creative Limited and IDB Lab, the innovation laboratory of the Inter-American Development Bank. The collaboration, which will fast track social and economic transformation through the merger of creativity, culture and technology will support 1,500 entrepreneurs and creative enterprises, notably 300 creative entrepreneurs based in downtown Kingston. Additionally, 60 creative businesses...

Following Derrimon Trading Limited’s (DTL) initial acquisition in August 2014, which culminated in a majority interest control in February 2017, Caribbean Flavours and Fragrances (CFF) has grown significantly with the company set to gain a larger runway as DTL expands into the North American market after its highly successful additional public offering. Despite several flavourings in food being imported into Jamaica, CFF has supplied the local market by...