Tue | Sep 17, 2019

Business

This image provided on Sunday, September 15, 2019, by the United States government and DigitalGlobe, and annotated by the source, shows damage to the infrastructure at Saudi Aramco’s Kuirais oil field in Buqyaq, Saudi Arabia. The drone attack Saturday on Saudi Arabia’s Abqaiq plant and its Khurais oil field led to the interruption of an estimated 5.7 million barrels of the kingdom’s crude oil production per day, equivalent to more than 5% of the world’s daily supply.

The loss of five per cent of world crude oil output from an attack on Saudi Arabia’s largest oil-processing plant pushed crude prices sharply higher on Monday. United States crude oil was trading nine per cent higher, while Brent crude added more...

Distribution company Derrimon Trading is exploring a shopping experience that goes beyond customers clicking on grocery items from the comfort of their living rooms. The company, which operates two grocery businesses, Sampars and Select, reported...

Pharmaceutical distributor Indies Pharma Jamaica Limited opted to draw on internal resources for the build-out of new operating space and has been shedding debt in the process. The company nearly doubled its expenses in the July third quarter to $...

  The Jamaican Government paid US$1.2 billion to repurchase a portion of its foreign debt this week, a transaction that is expected to lead to billions of dollars in  savings annually on interest payments. The take-up of the...

A year after acquiring pallet maker Woodcats International and sealing a distribution deal with beverage company SM Jaleel, Derrimon Trading is preparing to relocate to a larger complex at Ferry, Kingston, to facilitate its growing business. The...

Caribbean Flavours & Fragrances Limited, CFF, a manufacturing company owned by Derrimon Trading, is eyeing export markets to boost revenues...

Jovan Evans is building a complete water solutions business. It’s nothing high-tech. Just practical solutions to everyday problems stemming from inadequate or unreliable water supply. His immediate preoccupation is getting enough products to the...

The Fair Trading Commission, FTC, has found that the public-sector pharmacy partner programme undertaken by Drug Serv does not breach any section of the Fair Competition Act, since it is unlikely to substantially lessen competition in the market....

Poultry conglomerate Jamaica Broilers Group will continue on its acquisition path, but its forecast for local growth is sombre in the near term. “Growth via acquisition is expected to continue as has been the case for the past five years,” said...

Pension portability allows a member to preserve the actuarial value of accrued pension rights when moving from one job to the next. However, portability in our legislation only relates to movement between plans established in Jamaica. A key...
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