Fri | Jan 21, 2022

Business

Overhead view of a section of the Mystic Mountain complex in Ocho Rios.

One year after creditors called their investment for non-payment of bond interest, the takeover of the assets of indebted attractions owner and operator Mystic Mountain Limited, MML, was averted on Tuesday when a ruling was handed down in the...
Chairman and CEO Derrimon Trading Company Limited, Derrick Cotterell.

D errimon Trading Company has acquired the business and assets of Spicy Hill Farms, a Trelawny-based business that deals in the manufacturing of dried agricultural products, soup and spice mixes. The new subsidiary will be the first food...

Managing Director of RJ Rums and Spirits Peter Wong shows off the company’s products at the factory on Pechon Street, Kingston, on January 14.

T he Royal Jamaican ginger-flavoured beer is back in production after a three-year hiatus, and in its comeback the owners are aiming for markets both inside and outside Jamaica. Founders of RJ Rums and Spirits, Rick Anand and Peter Wong, have...

Derrimon Trading has acquired 100 per cent ownership of Spicy Hill Farms. The announcement was made by the company in a statement to the Jamaica Stock Exchange. The Trelawny-based Spicy Hill Farms, an award-winning manufacturer of the authentic...

Major international airlines cancelled flights heading to the United States or changed planes on Wednesday, the latest complication in a dispute over concerns that new 5G mobile phone service could interfere with aircraft technology. Carriers took...

Dr Adrian Stokes has resigned as senior vice president and head of insurance and wealth for Scotia Group. Scotiabank says he will be leaving to pursue other opportunities. Stokes joined the Scotia Group in 2010 and held several key...

Natural gas supplier New Fortress Energy Inc, NFE, has changed direction on financing around its power plant at the Jamalco complex, but the reason for the switch, which comes seven months after the fundraising plan was first announced, is still...

Consumer and business confidence swelled in the fourth quarter of 2021, compared to the previous quarter, but crime and COVID-19 continue to weigh on both groupings. “I don’t want anyone to [think] that there was a surge in business confidence. It...

Astronomical Holdings Limited, AHL, a company led by attorney Able-Don Foote, has acquired around one per cent of pharmacy company Fontana Limited, worth about $100 million, from the family that founded the company. AHL is now the second largest...

UCC Group of Companies has engaged the services of brokerage house Mayberry Investments Limited to arrange the market float of two real estate companies in its portfolio at mid-year, one of which holds its RE/MAX franchise operations. The initial...
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